Desire Petroleum are presently shooting 3-D seismic in Falkland's waters. Estimated oil reserves are put at 60 billion barrels. www.desireplc.co.uk for more information.

Morning Vasey
What do your reckon, out at 20p

Hmm...not sure on that one, jeff. 19p is certainly the next resistance area. Maybe it will charge through with the next pause 1.50. (Well, I can dream!)

A lot of interest today.
Does anyone have level 2 information please ? How many mm's are on the bid/offer ? Who's the house broker, by the way ?

oily, four MMs, all currently agreed 14 and 15.5. Same for both sides, top to bottom shows EVO, SCAP, WINS, KBCS

vasey-u r not dreaming if they do find what they r looking for i am looking at 8+ go on laugh as much as u can.

tofur....I am smiling, not laughing. Certainly 8+ not impossible and Cairn has produced spectacular returns for their investors. I thought the recent RNS was positive and who knows.....?

the top going to blow off on this ?

I really must go out to lunch more often!

double post, sorry!

Yes, sure is having another good day - and all before the party really gets going.

asking 17p now there no stopping now. dont forget that spivs party oily it might be sooner than we think

It will be a good do, Marky !

no reason to sell this, and it may have been leaked that data is excellent as it's so easily the case, could see 1 sooner than we realised especially once the papers pick up on it... enjoy the flight.

they have all ready said it looks very promising and should be finished over there soon if not have finished

should get some farm -ins this time, then the price will gush.

Desire Petroleum contracted Fugro Geoteam-A/S
in late January 2004 to start a 3D seismic survey in the acreage licensed to them in the North Falkland Basin. The Geo Pacific survey vessel is expected to take several months to complete the data acquisition and made a port call at Stanley
together with her support vessel Thor Supporter in
mid February.

Directors of Desire Petroleum comment:
Following on from the results of the initial drilling,
a new geological model has been developed which
has identified the areas within the Basin, and
below the source rock, most likely to contain
substantial reservoir rocks and traps for oil. As a
consequence, Desire has designed a 3D-seismic
survey. The new geological model has
concentrated on identifying potential reservoirs and
structures below and adjacent to the source rock
and has identified a number of major prospects
along the Basin margins. At least three of these
prospects have the potential to contain recoverable
reserves of one billion barrels of oil should suitable
reservoir rocks be present. The geological model
predicts the presence of suitable reservoirs and it
is the purpose of the 3D-seismic survey to define
them as precisely as possible prior to the next
drilling campaign.

convention help in Houston between 4 and 6
February.
Dr Phil Richards and colleague, Derek
Ritichie from BGS displayed data for viewing by oil
company exploration managers and the data
attracted considerable interest. Meetings with
companies were also arranged during the
convention. Houston, being the centre of the
American oil industry, did not disappoint, and
contact was made with licensees and companies
already considering investing in the area.

Phil Richards particularly highlighted opportunities
in open acreage to the north of the area drilled in
1998 when live oil and gas were found in two of
the six exploration wells drilled that year.
Attendance at the convention by FIGs consultants
is the first in a series of marketing exercises
planned this year and will be followed by exhibiting
at the AAPG convention in Dallas in April.

thanks markymar

Dallas confronce is April 18th to 22nd this is the bit i like here

American oil industry, did not disappoint, and
contact was made with licensees and companies
already considering investing in the area.

Buyers back in this am, whats the crack??

Punters paying 2p over the offer price!!! Y?