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

why play your cards if other parties are intrested,let them guess

uumm

The London meeting wouldn't be at Shellmex House would it?

Drilling for oil to start in Falkland Islands


http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2008/03/09/wfalk109.xml

...."They do not have the resources to drill for oil themselves, but their results have been promising enough to attract, once again, the attention of the larger companies. And with oil prices last week hitting a record $106 a barrel, drilling around the Falklands is now a far more attractive proposition.

Last month Desire Petroleum, one of the smaller operations, announced that it had linked up with a major, so far unidentified, company. It is planning to bring a floating rig to the Falklands to start drilling by the autumn.

This deal follows a similar agreement between Falkland Oil & Gas and BHP Billiton in October, which will enable drilling in a different area.

Dr Phil Richards, from the British Geological Survey, which has been advising

the Falklands' government, sounded a note of caution, however. "There's no way of knowing how much oil is down there until drilling starts," he said. "It may be a total success or a total failure, or it could be somewhere in between."

http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2008/03/09/wfalk109.xml

Drilling for oil to start in Falkland Islands
By Jasper Copping
Last Updated: 12:55am GMT 09/03/2008

This can only be good news after such a long wait.

March 5, 2008

From the Falklands to fine art
Small capsRobert Lindsay

http://business.timesonline.co.uk/tol/business/markets/article3486311.ece

It was a busy day for Falklands-focused businesses. Desire Petroleum, the energy explorer operating north of the islands, surged another 12p to a record high of 79p amid speculation that it might bring in a new partner after a recent deal with a big producer.

I don't expect the farm in partner to be revealed for some weeks yet, Des has been yrs getting a deal, what if it's an Argentinian?

The Telegraph article is just a weekend summing up, nothing new but may attract some new PIs, can't see it affecting the sp though. I expect some profit taking next week with a retrenchment to about 60p, If the farm in is with a Major such as the likes of Shell we will then see a further improvement. Autumn is optimistic.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/10/cxmktrep110.xml


The catalyst was the news that Desire Petroleum has reached a 'farm-in' agreement with a "significant" yet unnamed party, which could lead to two exploration wells being drilled in its acreage north of the Falkland Islands.


Hostile geography: the Falkland Islands will present prospectors with many logistical problems


The potential drilling partner is rumoured to be
Arcadia Petroleum, a London based oil trading group that has recently moved into exploration and production. Arcadia is partly owned by John Fredriksen, the Norwegian-Cypriot shipping tycoon who controls a number of oil services companies.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/10/cxmktrep110.xml

Falklands: will there be oil?
By Ben Bland
Last Updated: 2:52am GMT 10/03/2008

Today i get my new high!!

Don't be disappointed when it's a red day markymar, the Telegraph article will give it an initial push but there wasn't anything new printed in it and there's a lot of profit for everyone so the traders will be capitalising on it. I expect high volatility until more details are known of the farm in. I'm in it for the long term having held for 10yrs+ already but know all too well not to get excited until the oil is flowing

Rob you must of bought when i did,tempted to go and click my clogs but will wait a litttle longer before i click them,got the badge and been there.

400,000 MORE BUYS NOW A TICK UP ON THE WAY!!!!


http://www.falklandnews.com/public/story.cfm?get=4872&source=3

LOCAL DEVELOPMENTS:

The inhabitants of the Falkland Islands are preparing for a South Atlantic oil rush which they hope will make them among the richest people in the world.

the buys aren't influencing sp this morning, mms are keeing the lid on it, must be a large seller or two - i think expecting a sell off this week. News of the farm in needed but won't be for a few weeks I feel and prob now in the price anyway, next surge later in yr when announce mob of rig.

Still think BLT's commitment to FOGL the best bet.

Halifax....giving 51% of the company away and in a lot deeper water i beg to differ.

Rob someone thought it was westmount energy selling a few.

Markymar sorry dont agree BLT must have considered all prospects around the Falklands before signing up with FOGL. Your statement that FOGL has given away 51% of the company is not true is it? As far as I am aware BLT dont own any shares in FOGL. You back your horse and I will back mine, all I know is BLT has the resources readily available to make the first commercial oil discovery in the Falkland Islands.

BHP Billiton raises stake to 51 pct in Falkland Oil & Gas licenses

http://www.moneyam.com/action/news/showArticle?id=2463277

Halifax I think you need to do a little reading up and get up to speed, Fogl are not even drill ready and wont be for quiet a while, now off the top of my head I think Global Petroleum own about 14% in FOGL and FIH hold about 16% in the company and not to sure what RAB holding is if any.

FOGL acreage is in very deep water which will need a special ultra deep oil rig or a boat to drill and will be very expensive to drill compared to the NFB,Desire is the only company which is drill ready and has all the boxes ticked and are waiting for a suitable oil rig to become available so they can drill there targets.


I fear you may of just backed a donkey and not a horse.

Desire is the one, been there from the beginning, sold off the less exciting areas having done the seismic. RKH probably next best bet. Westmount have been a long term holder, I don't think they will be selling and does Grenwich Res still have a big holding?

Markmar you have failed to see that FOGL still retains a 49% interest in its licences and BLT is going to pay 68% of the cost of two wells. Can DES afford to drill and does its yet to be announced partner have the rig resources available to BLT?