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

Exactly.

Halifax I think you will find that Rob is talking about Desire there not FOGL, FOGL gave away 51% of it s prospects for BHP to drill just two holes now I would think FOGL will have to get cap in hand and have a share placing to raise more money so it can drill a few more holes on the prospects it holds which mean a huge dilution in the shares.



Desire have raised enough money to drill 2 to 3 holes all of the wells will have dual objectives

Now I dont know enough about this present deal at this time but it looks like a cracking deal as at the worst scenario is we give 100% away of 3 prospects but retain 15 other prospects to drill, they are willing to pay for 2 holes to be drilled that works out about 30 mill plus

http://www.sartma.com/art_5098.html

Falklands : Charles Stanley Rep Visits the Falklands
Submitted by Falkland Islands News Network (Juanita Brock) 10.03.2008 (Current Article)
Islanders can now buy and sell shares through Charles Stanley


CHARLES STANLEY REP VISITS THE FALKLANDS



By J. Brock (FINN)







Mr William Shaw, a stockbroker from the Firm Charles Stanley has visited the Falklands and held an informative talk at the Chamber of Commerce. The initiative was spearheaded by Mr. Lewis Clifton of Byron marine, who is also a Director of Desire Petroleum Plc. The 200 year old firm will be handling shares from the Falklands which, for the past 10 years or so, have been bought and sold on a hit and miss basis since Standard Chartered Bank ceased to sell shares.







Now people in the Falklands who wish to invest in the local exploration companies as well as other shares have a place to call and do business.







Mr Shaws office is located at 25 Luke Street, London EC2A 4AR. His Phone Number is 00-44-020-7739-8200 and the direct Telephone is 0044-010-7149-6372. His FAX Number is 00-44-020-7953-2996 and he can be contacted via e-mail at william.shaw@charles-stanley.co.uk. The Company website is located at www.charles-stanley.co.uk.

Energy monthly

Full page spread page 12

Offshore the Falklands hotting up

http://mag.digitalpc.co.uk/ActiveMagazine/getBook.asp?Path=ENRM/2008/03/01&BookCollection=ENRM_AM&ReaderStyle=Normal&browserWindowWidth=1014&browserWindowHeight=718

Rockhopper story page 3

Markymar are you saying DES needs to raise more funds to start drilling? Does that explain Charles Stanley's involvement? If you think DES has a"cracking deal" why should they need to raise more cash?

Am saying FOGL will have to raise some money at some point if they wish to drill more holes than 2,i cant imagine just 2 holes been drilled on there acerage as so many diffrent plays to test.

It tells you in the story why Charles Stanley involvvement.

All this story is pure speculation and merely confirms DES and RKH are trying to jump on the FOGL/BLT bandwagon.

markymar - leave it its not worth it, have to laugh though

Said it would be volatile - wheres it going now?

Rob westmount sold 300,000 .

going up swiftly now, something afoot?

although the announcement is late, more purchases by Clifton shows he is very confident - 675,ooo shares bought recently. A lot of talk over on advfn of the ptner being Woodside Pet which could be likely, markymar any thoughts?

Woodside were looking at data over a year ago..fact 100% with certain things going on i took my eye off the ball and lost that contact.

Time will tell

I thought so too, that ties in then, some nice buying at present, think an announcement due

http://www.oilvoice.com/n/Woodside_Agrees_to_Buy_Shell_NWS_Oil_Assets/16ae21fb.aspx

This artical is about woodside

The interesting bit is that they are paying The purchase price is equivalent to US$18.71 per barrel of oil equivalent for proved and probable reserves. Desire just need to find a comercial field and the rest of the prospects get a value on them.the upside is huge and I welcome more partners as then we will drill more of the prospects giving us a big chance of one of them hit a commerical field.

Not sure Rob was hoping we might have been told more information by now but good to see the share price holding up.I take it i have you hooked to this share....not a share like !!!!

Have been for 10yrs but certainly my interest has been stirred once again. Just a feeling but the next 12mths should see DES catapulted to the big time and this investment will pay off big time

http://www.easier.com/view/Finance/Investments/Stock_Market/article-168227.html

TD Waterhouse most popular trades: Budget Special
13 March 2008

Plugged as the Green Budget, Darling also focused on cutting carbon emissions from homes, businesses and transport. With these issues in mind, our investors have followed suit, casting their attention to the oil and gas sector in the shape of Desire Petroleum, which saw strong trading activity this week. Share price in the Company soared by a third last month, after a deal was signed with a large unnamed development partner to begin oil exploration at an acreage off the Falklands Islands.

With oil now trading at well over $100 a barrel and speculation that there could be more than 14bn barrels in supply offshore of the islands, shares in the stock have rallied. However, some of our customers appear divided on the stock and have taken profits this week, perhaps concerned by reports that record oil prices are likely to be accompanied by high production costs and expensive transportation from the remote oil rigs. Nevertheless, with petrol duty on everyones lips following the Budget, share price in Desire Petroleum ambulance chases, with shares trading up by over 190% this year on last.

From todays Penquin News.


STOCKBROKER William Shaw
has warned potential investors to
think carefully about taking a
gamble on oil shares.
In the Islands last week for just
a few days, Mr Shaw, who represents
Charles Stanley and Co, one
of the largest private client companies
in the UK, met with both
existing and potential clients.
He has been involved with the
Falklands since 1997 when he began
to work with Islanders ahead
of the last oil drilling campaign.
Much of his custom in the Islands
is oil related business.
There is a lot of speculation
around about oil exploration and
Mr Shaw urged that people keep
it in context: There is potential
for huge wealth and a lot of capital
gains and profits for share holders
but bear in mind that if the oil isnt
discovered, prices are going to fall
back to very low levels. Its important
not to get too carried away
with it, always remember that if
you sell a few shares you can lock
into profits and not to leave everything
riding on whether the drill
finds oil or not.
He said it was easy to get carried
away on speculation: You can
envisage making a lot of money,
but sadly history proves that not
to be the case - it often ends in
tears.
Not that it will end in tears
here - there is a very exciting story
and all the exploration companies
are very enthusiastic, but I just
want to bring an element of reality
to the situation.
He said the next year or two
would be interesting for the Falklands:
If youre clever theres
probably a little bit of money to
be made but you cant guarantee
it.
Its going to be an exciting
time, all the oil exploration companies
are very active, theyve announced
some major farm-ins and
we need to keep our eyes open for
developments.
As for the world markets,
which are going through a tough
time, Mr Shaw said 2008 was set
to be a difficult year: Were all
familiar with the property problems
in the US, the big debate is
whether a declining US economy
is going to drag the rest of the
world into recession. Thats a difficult
one to answer but we have
positioned clients portfolios for
a very difficult 2008 - were not
expecting a good year at all.

Difficult one to judge is Desire, I don't like the fact they have all their eggs or should I say the majority of their sp in the Falklands, makes the company an either win or lose scenario. Further to this no one has ever managed to get commercial quantities of oil from the Islands...

"Further to this no one has ever managed to get commercial quantities of oil from the Islands... "

Very true, but last time in 1998, the share price touched 6 when they were trying
and oil was only $10