Desire Petroleum

<>Desire Petroleum plc (Desire) is a UK company listed on the Alternative Investment Market (AIM) dedicated to exploring for oil and gas in the North Falkland Basin.

Desire has recently completed a 6 well exploration programme. The Liz well encountered dry gas and gas condensate at 2 separate levels while other wells recorded shows.
Together with the Rockhopper Exploration Sea Lion oil discovery in the licence to the north, these wells have provided significant encouragement for the potential of the North Falkland Basin. The oil at Sea Lion is of particular interest as this has demonstrated that oil is trapped in potentially significant quantities in a fan sandstone on the east flank of the basin. It is believed that over 50% of this east flank play fairway is on Desire operated acreage.

Desire has now completed new 3D seismic acquisition which provides coverage over the east flank play, Ann, Pam and Helen prospects. The results from fast-track processing of priority areas are provided in the 2011 CPR. A farm-out to Rockhopper has been announced. The revised equities are shown on the licence map (subject to regulatory approval and completion of the farm-in well). Desire Petroleum

Rockhopper Exploration

British Geological Survey

Argos Resources



Latest Press Realeses from Desire

Hi all

Well no news as of now.

Yesterdays candle has reduced in size, and the shadow has gone from the bottom. The FTSE is set to open higher, we may see the bulls giving a bit more support.

Good Luck All

Eddie

Morning Eddie,

Hydrocarbons Daily Record (17/05/06)
May 17, 2006
by J. Brock (FINN)

HYDROCARBONS DAILY RECORD: WEDNESDAY, 17 MAY 2006



By J. Brock (FINN)



At 1800 LMT on Wednesday, 17 May 2006 Light Sweet Crude was $68.69 per barrel and Brent Crude at $69.04 per barrel.



TRENDS:



The lowering numbers in the stock markets had a corresponding affect in the crude price per barrel. However, it did not have the same affect on all of the Falklands related oil stocks.



UK/US MARKET REPORT 17.5.06:



THE FTSE 100 has lost nearly all of its 2006 gains in the space of just four trading days after another day of carnage on the markets. Index of the UK's 100 largest listed companies closed down a massive 170.7 points at 5675.6. FTSE 100 is now just 57 points ahead of its January 1 level of 5618, meaning the market has fallen a painful 8% since its year-high of 6128 on 20 April.



Dow Jones in New York closed down 2.92% at 11,205.69 and the NASDAQ closed down 1.49% at 2.195.82.



In London, the trend was that the market freaked by weak trading in the US and growing fears of an interest rate rise in the UK.



The Trend in New York was directly related to the release of a 0.6% rise in the inflation rate in April.



DEVELOPING FACTORS:



(Iran)



The European package, which reportedly included a light water reactor, has been rejected by Iran. Irans President had said he wouldnt believe any offer until he actually sees them; and may be rightfully suspicious of any fishing expedition but if the offer of a reactor for domestic power generation was official, one would hope the other foot is still in good shape.



(United Kingdom)



UK Prime Minister, the Rt. Hon. Mr. Tony Blair MP has said that he wants to see more nuclear energy power generation for his country. It used to be that reserves in the North Sea provided 90% of the UKs hydrocarbons needs but now the UK imports 90% of its needs. He remarked that Britains carbon emissions would be cut if it went over to nuclear power for energy generation. However, the problem of what to do with nuclear waste still remains.



(Russia)



Mikhail Kasyanov, prime minister of the Russian Federation from 2000 to 2004 has written an article for the Russian publication, Kommersant, calling on the European Union to stop the energy wars, saying it never sufficiently explained the liberalisation of its energy markets and has not given guarantees of stable supplies. Meanwhile, Russias own (former) energy giant Mikhail Khordorkousky, who had set up a special school for disadvantaged Russian children some from Beslan is even having his charity work closed down by the state. Mr. Khordokouskys oil company, Yukos was shut down for tax evasion and its founder put in prison.



(India)



The CEO of a hydrocarbons exploration Company in Assam, India says that his company, Abhay Chowdhary has a tie-up with DMS Exploration to bid for NLP 6. His company has exclusive rights in India and SAARC countries.



(Latin America)



President Chavez of Venezuela and London Mayor Ken Livingstone have come under fire for wasting tax payers money on a lunch for the Venezuelan President at City Hall. President Chavez has defended his policy towards investors in his countrys hydrocarbons industry.



(Falkland Islands)



There was a mixed reaction for Falklands Oil Exploration Stocks with Desire losing and the other three gaining. A delay in getting a rig for Desires tranches in the North Falkland Basin could be behind nervousness with their stocks.



Desire Petroleum shares lost 0.75p or 1.9% to end the day at 39.5p



Falklands Oil and Gas 6.5p or 4.9% up to end the day at 1.38.5p



Rockhopper Exploration shares were unchanged on the day and stood at 30p



Border and Southern shares rose 1.5p or 3.3% to end the day at 47.5p

Hydrocarbons Daily Record (18/05/06)
May 18, 2006
by J. Brock (FINN)

HYDROCARBONS DAILY RECORD: THURSDAY, 18 MAY 2006



By J. Brock (FINN)



At 1800 LMT on Thursday, 18 May 2006 Light Sweet Crude was $69.60 per barrel and Brent Crude at $69.47 per barrel.



TRENDS:



The lowering numbers in the stock markets had a corresponding affect in the crude price per barrel. Only one Falklands exploration stock Boarders and Southern has risen in price. Another trend is the Atlantic hurricane season shortly to begin and infrastructure not being repaired from last year.



UK/US MARKET REPORT 18.5.06:



The FTSE 100 index traded in a wide band of 100 points which saw it touch 5618.7 - its lowest since January - before settling to close down 3.9 points at 5671.6.



City investors had to endure the peaks and troughs of another volatile performance by the stock market today in the wake of yesterday's massive sell-off that saw share prices suffer their biggest one-day loss in more than three years.



Dow Jones in New York closed down .38% at 11,163.44 and the NASDAQ closed down .28% at 2.189.76



The US trend was flat with the market expected to bounce (dead cat) up temporarily but the indexes closed roughly flat.



DEVELOPING FACTORS:



(United States)



Nervousness due to the approaching Atlantic hurricane season is expanded due to the fact that not all the infrastructure was repaired from last years disastrous season. It is estimated that production in the Gulf of Mexico is down by 60,000 barrels a day due to the state of the infrastructure.



(Iraq)



Reports on the state of infrastructure in Iraq are not good with leaking pipelines common and infrastructure that is well out of date. Sabotage to pipelines and refineries has brought the industry to its knees. Northern Iraq, for example, has the potential of producing 1.5 million barrels a day. However production from the area rests at approximately 300,000 barrels a day.



(Latin America)



President Hugo Chavez of Venezuela will travel to Bolivia on 26 May 2006 to sign accords on co-operation in the natural gas sector. The accord is between Petroleos de Venezuela S.A. (PVZ.YY) and Yacimientos Petroleos Fiscales Bolivianos (YPFB). Both entities are state owned. Rumour has it that $1.5 Billion will be invested. A better report will be produced after the event.



(Falkland Islands)



There are still rumours that Desire are talking about getting a rig but Falklands based officials are out of the Islands at the moment.





Falklands Oil Stocks End of Day Price for the 18.05.06





Desire Petroleum down 2.25p or 5.7% to end the day at 37.25p



Falklands Oil and Gas down 3.5p or 2.5% to end the day at 1.35p



Rockhopper Exploration down 0.5p to 1.7% to end the day at 29.50p



Border and Southern up 0.35p to 0.5% to end the day at 47.75p

Hi all

DES moved in the right direction today, recovering a bit from recent selling. Since the buy signal DES is still up 20% and still looking good. The 200 day moving average as dipped a little today, but after todays trading I think we may see it rise again next week. The 10 & 20 day moving averages are still moving up, DES is currently just bellow the 10 day moving average. The rising trend line is still looking good, the resistance is at about 0.4800p. A good rally would easily push DES through the resistance.





Good Luck All

Eddie

Hydrocarbons Daily Record (19/05/06)
May 19, 2006
by J. Brock (FINN)

HYDROCARBONS DAILY RECORD: FRIDAY, 19 MAY 2006



By J. Brock (FINN)



At 1800 LMT on Friday, 19 May 2006 Light Sweet Crude was $68.53 per barrel and Brent Crude at $68.68 per barrel.



TRENDS:



Lowering numbers in the stock markets continues to have a corresponding affect in the crude price per barrel. Nervousness bout US interest rates has been less today.





UK/US MARKET REPORT 19.5.06:



LONDON stocks marked the end of a volatile week with a period of relative calm, the FTSE 100 index slipping 14.2 points to 5657.4.



The Dow Jones index has risen to 11,144.06 up 1% and the NASDAQ has risen by .6% to 2,193.88. It is expected that this small rise in the numbers could affect stock markets elsewhere.



DEVELOPING FACTORS:



(United States)



President Bush has, at Northern Kentucky University, given a speech about seeking alternative energy sources and weaning the United States off dependency on oil. The speech was well received and may have had an affect on the price per barrel of Light Sweet Crude.



(Iran)



President Ahmadinejad has received a veiled geological lesson about fault lines under his proposed nuclear fuel enrichment site. Its the case of the pot calling the kettle black with nuclear reactors being near fault lined in the US in California and in Japan.



(Latin America)



CNPE, Brazil's National Energy Planning Council, announced measures to guarantee that there is enough natural gas to meet growing demand after the nationalization of the natural gas fields in Bolivia made an increase in gas imports unlikely in the medium term.



(Falkland Islands)



Desire still hasnt announced whether it is talking to oil companies about acquiring a rig. There is speculation but it is hoped that one of the Directors will shed light on the speculation when he returns to the Falklands over the weekend.



People in the Falklands remain optimistic about their future with hydrocarbons.



Falklands Oil Stocks End of Day Price for the 19.05.06



Desire Petroleum up 1.5p or 4% to end the day at 38.75p



Falklands Oil and Gas down 2.5p or 1.9% to end the day at 1.32.50p



Rockhopper Exploration shares remained unchanged on the day 29.50p



Border and Southern shares remained unchanged on the day 47.75p

Hydrocarbons Weekend Record (20/21 May 2006)
May 21, 2006
by J. Brock (FINN)

HYDROCARBONS RECORD (WEEKEND EDITION 20/21 MAY 2006)



By J. Brock (FINN)



At this writing the stock market is just waking up, with the Nikki up .55% the S & P 200 down .47% and the Hang Seng down .24%, so the daily report will begin with Mondays Hydrocarbons Daily Record when Mondays world-wide business completes.



TRENDS:



OPEC has guaranteed to keep up with demand and this could be an indicator for lower oil prices per barrel. It is the adequate supply of hydrocarbons products that drives the price of oil per barrel down.



DEVELOPING FACTORS:



(United Kingdom)



Experts say that North Sea Gas will run out in six years, so it is wise to aggressively seek alternative forms of energy generation. Some say nuclear power generation has been improved technologically and could, along with wind and solar power, be the way forward for the United Kingdom.



(Africa)



In Libya, Gadhafi's next goal is to initiate an economic revival by the doubling of oil production in the coming decade. High-tech oil extraction methods will help, as will geography: Libya, on the North African coast, should be immune from disruptions that could snare the flow of oil from the Persian Gulf.



(Iran)



Critics say that Iran is seeking a nuclear weapon and could have the materials to produce one in 6 or 8 months, with an actual weapon ready for use in 5 to 10 years. Iran, a strict Islamic country, has stressed that it is enriching nuclear fuel for energy generation.



(Latin America)



Press reports are about the insistence that Bolivian hydrocarbons companies should be compensated for their nationalised assets when foreign investors should not. While this is seen as a positive step in the right direction, it is considered to be unfair as foreign companies invested vast amounts of money in Bolivias natural gas reserves. While it is fair to say that investors seem to be getting most of the profits from Bolivias people, it is not fair to say that sudden acquisition of foreign assets will solve the problem of getting Bolivias Hydrocarbons profits to the people. Some are saying that Bolivia should have given an ultimatum to the hydrocarbons companies and if that ultimatum is not met, then the assets should be nationalised.



Meanwhile Chiles president, Michele Bacholette, in her state of the nation speech, has said that she would like to see more of the profits from Chiles copper industry go towards education and health care. Copper is one of the entities that has risen in price recently and it could prove to be a windfall for the people of Chile if Michele Bacholette gets her way. Hopefully the trend will spill over to the hydrocarbons industry.



(Falkland Islands)



Rockhopper Exploration, in advance of the release of its Controlled Source Electromagnetic Survey has released an information paper prepared by Kelper Teather & Greenwood Merrion a UK Research Company. The paper, available of Rockhoppers website, covers the drilling programme, finances, valuation, management, disclosure and legal information.

http://www.falkland-malvinas.com/Detalle.asp?NUM=7943

Offshore health and safety laws to be updated

CHANGES are to be made to offshore health and safety legislation.

At a meeting of the Mineral Resources Committee on Tuesday, Director Phyl Rendell said the legislation needs to be updated to mirror the regulations for the North Sea introduced in April 2006.
Mrs Rendell met with officials from the Health and Safety Executive (HSE) in London in April to discuss the need for modernisation of FIGs legislation and to confirm FIGs need to contract HSE to assess the safety case for rigs working in Falklands waters.

In addition, HSE inspectors need to be appointed on behalf of FIG to inspect installations.

At the meting in London, HSE stressed the need for the Falklands to have current UK Continental Shelf legislation in place when their inspectors undertake checks. The alternative of working to 1998 regulations, Mrs Rendell said, would be confusing and open to error.

Also discussed at the meeting was the Falklands participation in the American Association Petroleum Geologists international conferences.

Councillor Andrea Clausen said that with the constant shuffling of staff in the large companies which the Falklands wish to attract, it is important to attend annually: If you miss one year, you miss the boat. (PN)

Panic is settin in! and MM's are enjoying this.

There was a lot more buys than sells and the price drops am i missing some thing here.

Clearly a bargain Marky, though I think that's was said at rather higher prices too.

Hi all

Well I agree markymar.

There were more buys than sells, yet DES closed on the low of the day. The whole of the sector had a bad day also with only 2 stocks making gains. It would appear that it isn't a deirect reflection on DES. The rising trend line is still intact, the 10 & 20 day moving averages moved up. The 200 day moving average moved down. With the sector looking a bit grim and DES being on a sell if on Britishbulls.com. We will have to see if there is confirmation of the sell if tag tomorrow, which may well happen. (Not what we want to hear).





Good Luck All

Eddie

Cheers Eddie,

Hydrocarbons Daily Record (22/05/06)
May 22, 2006
by J. Brock (FINN)

HYDROCARBONS DAILY RECORD Monday, 22 may 2006



By J. Brock (FINN)



At 1800 LMT on Monday, 22 May 2006 Light Sweet Crude was $69.23 up .70 cents per barrel and Brent Crude at $69.35 up .67 cents per barrel.



TRENDS:



Stock markets worldwide continue to have an affect on the price of oil per barrel with worries about supply a major factor. Now that Shells Mars platform in the Gulf of Mexico is operational and will be in full capacity of 350,000 barrels a day by the end of June, the supply picture looks a lot better and this could reflect in tomorrows price per barrel.



A new trend is being set by the New York Stock Exchange bidding for Euronext, a European Stock Market conglomerate. Normally stock exchanges are national entities but this could change with stock exchanges acquiring others outside national boundaries.



MARKET REPORT (FTSE)



More misery was being piled on City investors today as the cracks in stock markets around the world grew bigger and the Footsie lost 31bn in value.



Another major sell-off in the Far East saw investors beating a ragged retreat in Hong Kong, where the Hang Seng index tumbled more than 500 points, or 3%, to close below 16,000 while in Tokyo the Nikkei 225 Average finished almost 300 points down. Singapore's Straits Times index also lost 3% and the Mumbai stock market had to be suspended to let things cool down.



In the event, the FTSE 100 index touched a low of 5538.9, then rallied for most of the day, before a late reversal saw the index 124.7 points down at 5532.7.



(NEW YORK STOCK EXCHANGE)



The Dow Jones index lost 0.17% and ended up at 11,225.33 on worries about rising interest rates and a slow down in US economic growth.



The NASDAQ continues to fluctuate downwards on reports of lower profits and profit warnings that are traditional quarterly indicators of how the technical companies are doing.



In general, the New York Stock Exchange has put a bid in of $10 Billion for the European market conglomerate, Euronext. Euronext is reported to be happy with the bid.



DEVELOPING FACTORS:



(United States)



Infrastructure that had been damaged during Hurricane Katrina last year is now coming back on line. It could be another month before newly opened facilities are on line. There are generally no concerns about supply a factor that affects the price of hydrocarbons products.



(Africa)



It is hoped with Libyas oil reserves will remain unhindered by terrorism, unlike the other reserves in the region. There remains a feel good factor about Libyan oil and the consistency of supply.



(Latin America)



President Chavez of Venezuela will be visiting Bolivia this week to have talks with President Morales about Bolivias hydrocarbons industry. It is thought that if there is any compensation for nationalisation of Bolivias industry, it would be the Bolivian investors that will be compensated.



(Falkland Islands)



It is hoped that at Desire Plcs annual general meeting an announcement about a drilling partner will be made.



Falklands Oil Stocks End of Day Price for the 22.05.06



Desire Petroleum down 2.75p or 7.1% to end the day at 36p



Falklands Oil and Gas down 20p or 15.1% to end the day at 1.12.50p



Rockhopper Exploration up0.5p or 1.7% to end the day at 30p





Border and Southern shares remained unchanged on the day 47.75p

Hi all

Thanks for the updates markymar.

Nice to see the sell if wasn't confirmed, DES also gained back the loss from yesterday. The oil and gas sector made good gains today also which looks to be about to test the 200 day moving average. The news of a possible drilling partner, which may be announced at the AGM could well give DES a good bull run for a while. The oil and gas sector has been falling for about a month and looks like some bullish action may be due. All being well DES will move above the recent resistance 0.4800p soon.





Good Luck All

Eddie

http://www.falklandnews.com/public/story.cfm?get=3920&source=3

Hydrocarbons Daily Record (23/05/06)

http://www.oilbarrel.com/home.html

The 19997 Desire Petroleum link at the top left hand side takes me to www.flowerdeliverydeals.com, mmmmmm very strange!!

http://www.falklandnews.com/public/story.cfm?get=3922&source=3

Hydrocarbons Daily Record (24/05/06)

http://www.falkland-malvinas.com/Detalle.asp?NUM=7955

Eddieshare, did you go to the AGM last night? If so were you wearing a linen jacket and red tie?

Check out ADVFN BB for the results of the AGM.