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

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?

i cannot find anything to say why the sell out, anyone any news ?

Just rumours that Evil K has been planning a massive shorting strategy. Worried a few over the weekend but looks set to recover shortly.

Let us all defy Evil K...He has made too much money shorting here and there.

I sold early but really don't know why as I think it will go from strength to strength but ther will be dips along the way and I'll let the trend etc....

I think it is time to buy DES today on weakness at 54p. I an in ...now

Why's anyone surprised at the pull-back after it rocketed last week?

Just seems like normal market dynamics to me.

Probably be able to buy it in 6 weeks time for 38p, and then watch it put on the next spurt up. Unless there's more news to come, otherwise why would it stay up at 60p+???

In 6 weeks it will probably be in the 70-80p region...

Bowman... just for you... (if it works!)

http://www.moneyam.com/cache/graph.php?epic=NLGA

DES is having a pull back.. but all the stocks that have done
kind of performance have done the same... AEN was at 80p and
everyone was slating it until it went to 390.. pulled back to 254
and now back at 400 plus.. FOGL went from 40 to 60 pulled back to
52 and is now 75 - 80.

It is true that the market just does this, lots of profit.. sell.. makes
sense, however a well timed move on a pull back can reap rich rewards,
and DES should be supported at around 50 in my book with a move to the
seventies... after seeing their share price move to these levels the
directors will be keen to keep giving goods news and keeping the momentum.

Now finding some support at 54 - 55 from the MMs. Lots of selling but holding up, roll on the morning...

Marky, did you ever find out any more from L & C ?

Yep, but still waiting for more info befor will post it or i would be ramping and if i post what i have might be backlash on where it came from so a bit of a catch two.I have been using about 4 diffrent email adress to get info and i think last week when Phly Rendell had meeting with L&C last week and they have clicked on to what i was upto or they are not replying to anyone.

Will have to get some more email names,but as i said what i have in front of me am happy 80% that news maybe sooner than we think and L&G will want to move things on quicker.Did you note the post i put up was the night befor RNS but had been talking to them that morning but did not post sooner as work , but has made me think if the conversation on the phone made them show there hand a little quicker.Who knows but things look very good

Marky, if you don't mind, could you possibly give me an insight to what you have ?, if you click on my name you can send a private message.

Thanks.

Hi all

well it's bound to happen, proffit taking is part of the stock market. Des is still up 100% since 10 trading days ago. Some of the sellers will return because the overall trend has been up for the past 2 years. So it will make sence for the day traders to be in & out of this stock. For the medium to long term traders this will only appear to be a correction. Away from that, anyone not got sharescope can download it free untill the end of this month, no names no credit cards, as advertised in shares magazine. www.sharescope.co.uk/shares I use it & find it so easy to use. No I don't work for sharescope but would highly recomend it.

Good Luck All

Eddie

what are the support levels for DES, starting from 33p?? pls, im not that conversant with this when a shares rockets so fast. thanks

It will be going up today...watch it