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

not even Maurice Green runs like Des, we have momemtum guys, mid morning and the volumes are fantastic: Nearly 8mio traded. I have few points about des (all conjectures of course but sound ones and feasible I feel)

Morning Oily just got back from Dentist i see we have been hijacked over on other B@B so will probaly chat on this one or iii untill settle down ,got in from work yesterday and 281 posts on far to many to read all day traders?

Never seen so many trades in Desire going through so i can say the spotlight is well and truley on us now and news by end of this month of who is drilling with us.

DES falling back nearly as quick as it rose.

See you all later!

signed a spineless investor

semen...so you wouldn't be too happy with + 20% today plus 40% yesterday plus 35% the day before?
How do you grapes taste? Not too sweet?

You are a silly billy.

I missed that boat, but caught another.

I made +7 which is better than a poke in the eye with a sharp stick.

Price currently below my buy in.

Sometimes some things come in little packages, but then you know that!

No need to be rude.

Each to their own.

markymar

topped out at 70p today then fell back to 56p bid at close not surprising
as it has moved up (105%) in three days the highest mover on the whole
of the market,will probably be volitile over next couple of weeks,
over 18 million shares traded today wow,profit taking will obviously take place.
News of partnering and stratgy the company is going to take will certainly
keep the momentum in share price moving up over the mid term.
the upside could,sorry WILL be huge.How many baggers will this be ????


regards HUSTLER

Hustler

The report was better than i thought it would. Also in the interview with Colin Phipps said "We have some decisions to make over the next" So more news inside 30 days i would think of farm-in partners and the rest is not rocket science. Last time they went in drilling the high was about 4.50p so there is no reason why if they start drilling that it does not go to near those highs again.

At the moment we dont know what cut Desire will get from this Farm-in deal or does Desire go to its shareholders and the city for this money to drill....so a but there but will find out soon. maybe sooner than you think.

I dont realy have a figure untill you stick a hole in the ground and X amount of barrels are there.I know what price i might sell at but we have a long long way befor i will sell but may sell a couple of thousand when they are drilling.

And here is me a grown man not to belive in Santa i think i have been wrong there is a santa and we will fellow spivs have a good christmas.

Regard markymar

whats the opinions of tomorrow? definately down? no chance of a rise??

SEMEN... to each his own, good luck in all you do.
It's not a war,give peace a chance.
woftm

little willie

you forgot to sign of with ARMEN.
perhaps maggie got it right in the early 80ies i was priviliged to have a pass
onto the dockside at southampton to see friends off on the canbbera.
Not all came back.
The war was not about future oil prospects was it.
as for D4N13L so what if the price falls tomorrow what do you want more
than 105% in 3 days - look at the bigger picture wait and smile.

regards HUSTLER

ps just got back from the pub after celebrating a great 3 days not
trying to take sides just enjoy.

we shall not forget

poppies forever it may be red, blue it will turn poppies forever



and morning oily befor you beat me to it mate

can't you sleep as well marky
got to sign off now and try
keep in contact

regards HUSTLER

Morning, Marky. I see 'thatsmart' has a nice bit of info regarding a consortium of Chicago lawyers wanting to buy into our Company.

Thanks to ShallowGas on a competitorthread :-

This article from :-

http://www.money.telegraph.co.uk/money/main.jhtml?xml=/money/2004/11/12/cxmktrep12.xml&menuId=242&sSheet=/money/2004/11/12/ixfrontmarkets.html

"Among the tiddlers, Desire Petroleum (named after HMS Desire which discovered the Falkland Islands in 1592) became the latest oil minnow to attract attention. The shares started the week at 28p, but Tuesday's announcement that it had found significant oil and gas reserves north of the Falklands Islands has propelled the stock northwards. It continued to rise yesterday, adding a further 7.5 to 57.5p."

Morning oily, another blue day i see and hope, i see you are meant to get snow showers up your way today, blowing a gale down this neck of the wood.

LONDON (AFX) - Buyers were again active in Desire Petroleum, 3-1/2 pence better at 61.

The company, whose shares have recently been buoyed by an upbeat seismic survey, was given an extra boost from speculation that Shell, or another major, will become its partner in the North Falkland basin.

Very interesting indeed...................come on, come on

Looks as we have support at the 60p mark

Looks like next week going to be a rollercoaster!This share been on my list since Jan 20th when it was 11.25p!
Xmas come early!

pure speculation I know but with the shell interest or maybe other big firms, could anyone guess as to the top wack SP for this share by time an agreement is confirmed, if so would appreciate how this is calculated.

watcher