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

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

Hi all

I have an intrest in des. I first bought in at 17.95 a couple of years ago & have recently re-invested. The company has recently gone from 41 million & has stoped at 100 million capital (nice round figure for the end of the week). With all the heavy trading that has gone on since 09/11/04 it's no wonder some proffit takers have stepped in. Friday being pay day! Lets look forward to another nail biteing week.

Good Luck All

Eddie

Hustle..
no one has more respect than I for our hero's but they were obeying orders, doing their duty, whatever that may have been?!?!.

My father was 34 yrs. a soldier, 1st & 2nd world wars.


Naive to think we knew/know the full story but raw mineral deposit/resources were undoubtedly involved. It wasn't about a handful of people and sheep living at t'other end of the globe, thats for sure.

Agree that this week has been celebration time so cheers to all of us, whatever our views

Planning to buy more after receiving my salary next week.

hlyeo be carfull because this realy does go up and down on friday it was 57p to 68p all in one day and ended 62p and news will be 2 to 4 weeks i think of a farm-in deal presented to us so may even be a little longer but if a farm-in is presented 1 + you will see.

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.



fjb/vjt/

Thanks, markymar...then all the more reason to buy in next week. I think it will reach 1 with no difficulty.

Thanks to Pointy End off III :-

Small nugget in the natural resources sector:
From Saturday's FT.

"Shell is sending drill rigs towards the Atlantic to try to counter dwindling north sea oil and gas production."

Could this be Desires area of the Atlantic? Any ideas oil guys, what other atlantic ventures are there to talk about at the moment?

Then on pg 75 in an article on Shell, theres the sentence:

"Mr Botts said that the push for new major discoveries in the Atlantic margain was bought about by the decreasing size, and the increasing technical complexity of the north seas traditional reserves."

Roll on monday

I have sold other "stale" shares to buy more of this . Despite profit takers i can only see a rise by year end , possibly well over a pound . Thought there would be more in the papers this w/end , but its well worth the risk . Hope i`m right !

Looking at Desire today and have bought in and around the 55
level.. Why? Look at what has happened with other oil shares
when the intial large movement is reversed with profit takers.

Have employed this with AEN and FOGl.. (although was in AEN initially
at 80p).



Look Familiar?
http://www.moneyam.com/cache/graph.php?startDate=15%2F10%2F04&period=1M&epic=DES

DYOR

bradley007 do me a big favour please and put a chart on discussion board for (nlga)nelson resources.

Thanks bowman

What happened to DES today?