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

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

xmortal, I refer you to post 286.

Looking again at the chart, if there's no further good news, this share will probably drift for as much as 3 months, whence it'll bounce back up from around 38p. Dull, I know! Esp as I jumped in at 57p! Trouble is with these types of share you never know when it might be an AEN situation. Sometimes you've got to close your eyes and go for it. Got my timing right on that one, wrong on this one, but DES will be doing well for me by next spring (I hope!!). And I'll be first in the queue to top up at 39p!

Of course, there may be something further in terms of news which will propel it up or down............

This has the potential to be the 2005 share of the year. It will take some time for the third party companies to interprete the data, and, all going well, negotiate a farm-in arrangement. Shell seems a natural for at least part of the acreage, since it has done some work in the area in the past and is desperate to replace reserves.
Assuming all progresses well, it would be helpful for the small shareholder to release a general statement when detailed farm-in negotiations start.

I have just bought more at 48.75p. Buy,buy,buy.If it goes down again i will keep buying .

smiling at the positive atitude there berlingo, if there is no tie in to another major company this could be a slow process to see the full potential reached, fiongers crossed it ain't that way.

watcher

Price and buys tipped up at the end of the day, good news for tomorrow?

Don't be nervous...this will be a great catch in months to come

Hi all

Well we only need to look at the indices to see what has gone on today. They are all down. So anyone seeing this might just take some proffit. Des is still looking good. I'm sure if the price drops any lower the buyers will step back in and send the stock up again.

Good Luck All

Eddie

I totally agree with you, Eddie...I think I will buy more tomorrow.

Hi all

It looks like the buyers were back in at about 0.455p. The open was 0.525p, high 0.560p, low 0.455p & close 0.475p. If we look at the gain from 0.28p to 0.615p. The change is 0.335p, divide this by 2. We get 0.1675p then add it back to our start of 0.28p we should have 0.4475p. This roughly where the buyers came back in today. Looking back at other large rises in des the shares seem to go back to about half way. Hope this is the case this time. I think only bad news would stop this share from rising.

Good Luck All

Eddie

I was buying more at the end of the day - saw this as an important top-up level and I would just like to thank all the weak holders for creating the opportunity to buy some more at this level