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

And I dont go British Bulls you should know that by now but is a good stocking filler !! and Desire stocking might burst in the coming weeks.

Hi all

Thanks to all for the updates.

DES moved up a little more today, todays candle is a spinning top this shows the market is indecisive in which direction to move. The Britishbulls.com have DES on a hold form the recent buy signal. The oil & gas sector moved down a little today which may have had a bearing on todays trading. All being well DES will continue up.




Good Luck All

Eddie

Falklands : Hydrocarbons Daily Record (04/07/06)
Submitted by Falkland Islands News Network (Juanita Brock) 05.07.2006 (Current Article)
Speculation that Desire are talking about getting a rig is ripe.


HYDROCARBONS DAILY RECORD: TUESDAY, 04 JULY 2006







By J. Brock (FINN)







At 1800 LMT on Tuesday, 04 July 2006 Light Sweet Crude was unreported due to the US Independence Day holiday. Last Fridays quote was $73.93 on the New York Mercantile Exchange and Brent Crude dropped .80 cents to $72.59 per barrel on Londons ICE Futures Exchange.







TRENDS:







Indications are that the gasoline supply in the United States remains unscathed after the heavy road usage during Independence Day celebrations. Conflicts in Iraq and Gaza contribute to general nervousness as conflict in the mid east puts a price tag of many USD on the per barrel price of crude. Weather in the Gulf of Mexico remains unthreatening.







THE MARKETS







FTSE:







At the close of play, the FTSE100 was just 0.9 points down at 5,883.5. The FTSE250 was up 8.8 points at 9,505.6 and the FTSE Small caps ahead 13 points at 3,412.4. Volume was thin with just 1.889 billion shares changing hands in 231,936 deals.







DOW JONES AND NASDAQ:







Both markets were closed due to the 4th of July holiday.







The Dow Jones Index closed up 0.07% and settled at 11,228.02 and the NASDAQ closed up0.84% and settled at 2,190.43on Monday, 03 July 2006.







DEVELOPING FACTORS






LATIN AMERICA:







(Venezuela)







Venezuela has joined MERCOSUR, a trading block comprising Argentina, Brazil, Paraguay and Uruguay. The country has seven years to drop trade sanctions with the partners. It has been reported that Venezuela wants free trade but with its Latin American Neighbours and not with the United States.







(Mexico)







Supporters of leftist Sr. Andres Manuel Lopez Obrador have vowed to take to the streets if there is not a re-count of ballots in Mexicos Presidential Election held on Sunday, 02 July 2007. Sr. Felipe Calderon has secured a lead of less just over .01% or 400,000 votes. Both candidates have claimed victory. At stake is Mexicos philosophy concerning their economic future, with Sr. Obrador wanting to nationalise the hydrocarbons industry and Sr. Calderon wanting free trade markets to dictate his countrys wealth.







(Falkland Islands)







The latest speculation is that Desire Petroleum are in very advance stages of negations with Woodside Petroleum Ltd who are based in Australia. Seeing that Dr Jungles is Executive Chairman of Rockhopper and is on the board of Woodside and Chairmen of offshore Hydrocarbon mapping Plc, there could be substance to the speculation. Shell Energy Holdings Australia Ltd own nearly 35% holding in Woodside and are the largest shareholder and means Shell can have a direct interest in the NFB.







http://www.woodside.com.au/Home.htm







No official announcement has been made about these numerous reports that have come to FINN from many sources. When the announcement comes, it will be published in this forum.







From the FIH Report:







Falkland Oil and Gas ('FOGL') and Falkland Gold and Minerals ('FGML') in which the Company has significant shareholdings of 16.3% and 14.4% respectively, continued their exploration efforts. FOGL raised a further 10 million from investors in May 2005 and we subscribed 2 million in that placing. We took the opportunity in February 2006 of recouping that cash outlay when we sold 1.8 million shares generating proceeds of 2.4 million and a profit of 2.1 million.











Falklands Oil Stocks End of Day Price for the 4.7.06







Desire Petroleum up 0.25 or 0.7% on the day to stand at 35.75p







Falklands Oil and Gas up 3.5 or 3.2% on the day to stand at 114.00p







Rockhopper Exploration up 1.0 or 3.1% on the day to stand at 33.5p







Border and Southern unchanged on the day to stand at 44p

JB clearly reads the iii board. Sometimes her snipets are word for word. Uncanny!!

m

Falkland Islands)



Though it looks as if Woodside Petroleum Limited is in the final stages of negotiations with Desire Petroleum Plc, about a rig, the proof will be if we actually see a rig down here. It is hoped that this item, leaked to the press, will be genuine and not the cause of the break-down of such important negotiations. We wait and see.

Have you ever met Juanita Brock,the American lady who owns FINN?

Chav tell me more, who is the americian lady?

I thought JB did it on her own back hence willing to go out on a limb.

Hi all

Thanks to all for the updates.

DES made a nice move up again today. The candles had been suggesting indecission over the past couple of days. The market seems to have made its mind up today. There is a shadow on top of todays candle which may give a bit of resistance. The 200 day moving average has started to move up a little now, all bieng well this should continue.




Good Luck All

Eddie

As an investor with DES since the first round of drilling I sincerly hope that Juanita's rumours are correct and the action is about to begin.However,Juanita is not an expert on oil companies or finance in general but is rather a reporter on what has already happened normally word for word from another source.Things like the Daily Hyrocarbon Report are no more than you get on this and many other sites.Whilst Desire is all ready to push the button and go it is highly unlikely that they will do anything before the other players in the region are ready to follow and share the costs.It takes at least two months to tow a rig to the F.I.'s and back depending on where it's coming from,at best,therefore it not commerical sense to push ahead on there own instead of waiting for the rest to share the cost.Looking at the Rigzone site on Semi Sub Rig availability it is unlikely that one will be available before 2008,certainly for a small three hole contract they are not going to queue up.I think by the time Desire finally drill again this thread will be very long and hopefully the sp will have dropped considerably during that time and we can top up at a cheap rate!Who know's Che'?

Don't forget JUanota Brock's idea of journalism is to cut and paste from des bb's on iii and advfn!

I'm more interested to find out if she's a fast frigate or an old boiler.

Aur,

Some times you cant post what you want on threads as you may have some very good information which could have a direct in pact on Desires share price but it could also if printed you could loose all ties with the person who gave you the information so it not worth it and you sit back and wait till it leaks out.

Well the story is starting to leak out and Finn has picked up on some thing which I believe is what she has printed is a 100% correct and am sure her information is 100% backed up with proof hence she let the story out.

She is based in the Falklands and has her own contacts and you should be glad she has the balls to stand up and report it.

As said this is the best chance Desire have had for a year or more of a deal been done in the near future which I know of.

http://www.cityequities.com/documents/emu.pdf

Rig Ahoy?

Desire to push the button
Desire Petroleum is committed to unlocking,
what it believes to be, the huge reservoirs of
hydrocarbons in the North Falkland Basin. So
far, it has been hampered by the lack of drilling
equipment, but the management havent
been standing still and Desire should be able
to push the button on its exploration programme
once a rig becomes available.
Demand for drilling rigs has been high, as the
oil exploration market has reacted to the rise in
the oil price, driven by geo-political uncertainty
in the Middle East and an upswing in global
economic growth. Consequently, utilisation
rates have been high, as have rents, which has
left Desire unable to progress with its three well
programme planned back in late 2004. Around
this time Desire raised 25m at 45p to fund the
drilling, but with little progress, sentiment has
moved against it. The shares have fallen sharply
from their more recent high of 71p (January 2005)
and continue to languish below the Placing price.
However, the stock seems to spike on news and
rumour suggesting there is an appetite amongst
the investment fraternity. We hope that securing a
drilling rig will prompt a similar reaction.
Desire has had to adapt its strategy. It has entered
into discussions with a number of companies
interested in an equity deal over tranches C and D.
These companies either own a drilling rig or have
long-term contracts over equipment that would
provide Desire greater visibility with regards to
rig availability. Moreover, the Board believe the
rig market will return to normal in due course,
which implies that its only a matter of time. To
further expedite the drilling programme, Desire
has selected nine drilling locations and submitted
an Environmental Impact Assessment. Peak Well
Management has been appointed to oversee well
planning, design and construction, well infrastructure
has been ordered and contracts for waste disposal,
helicopters and crew-change facilities are
being put in place. In short, Desire is ready-to-go.
It has been a frustrating story, but the speculative
interest remains. As the drilling market relaxes
and exploration work is allowed to begin, Desire
could yet fulfil Chairman Colin Phipps goal of
retiring having discovered a billion barrel oil field.

Looks like there will be some progress sooner rather than later. The story in cityequities will be getting the share more widely noticed and we could well see some additional buying interest in anticipation of the long awaited rig deal.
There has been a lot of speculation about where the price will be when the deal is announced and I have no more idea than anyone else but I am very hopeful.

Juanita is no Fast Frigate!Short, 50ish,glasses but A nice enough person.The problem is that she pastes and cuts everything including local news and does not do any original pieces,gossip or dodgy stuff and certainly dosn't stick her neck out.I received the City equites report last night but is still the same old stuff with no fresh news.
Is it sensible to pay the high costs to tow a rig to the F.I. and back for just three holes?The rest of the field are away behind DES and could not just join in quickly.A shared rig between all players could leave enough change for DES to do four holes maybe?

Coeliac is that a positive post am reading from you? I better go for a sit down in a darken room.

Chav you seem to come across that you know Finn do you come from the Falklands or have you just seen her picture to know what she looks like?

You say she does not write an original pieces so what do you call the story about Woodside then !!!!!! I would call it sticking her neck out.

What do you call the Daily Hydrocarbon News then; I would call it fresh news putting the Falklands shares in focus with the share price and any news.

It sound very much that Finn has done here home work on this and has a dam good contact and can back her claim up or she could be in trouble, you sound a bit like a Mecropress reporter who can only post what they have been told to, where Finn works for her self and is not funded by anyone.

Maybe instead of me going to sit in a dark room maybe you should.

Pip Pip

My post reflects the situation as I see it- namely there appears to be progress- though I am not holding my breath.

Anyway I have a small shedload.

No picture,in the flesh but dressed!
Daily Hyrocarbon news is no more than you get on this site so no big deal.Your claim that she could be in trouble if she is wrong,how will she be in trouble and how can she prove it?
If you want an improved news service from the F.I.'s and an insight into how the place ticks then I would recommend the Penquin News instead.
I'm not saying she's wrong but the F.I.'s being small run on gossip and news like this would be widespread by now.The silence is loud.

Chav you still never said where you live?

Penguin news ...now who owns that?

Your right she isnt wrong she is a journalist and got her facts right and how it pans out I dont know but interesting it is and am glued to her thread.

Since Finn has done her thread she has done more on the PR front than anything from the PR people for Desire have. Fact!

Finn is an inspiration and am sure more news will come from her in the days to come as her hands are not tied like some papers over there.


Pip Pip

So Chav, Jaunita is a bit of an oldish cruiser, I hope the poop decks are in good order and the yokohama fenders have not splayed to much.

What's your take on Argos Chav, now Evergreen / Pioneer seem to have flow the roost.