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

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

Explosive..how do you think they found oil in the North sea, it was drilled and oil was found and will be done in the Falkands.

The well shell drilled was capped as it was free flowing oil,oil was $10 its now $112 its worth having now and a big mistake by shell and they may come back yet.

http://www.rockhopperexploration.co.uk/cube.html

Untill the drill bit goes down and they hit oil we dont know for sure but as the good DR has pointed out it hit a high of 4.79 in 1998 and it will breach that high again.Desire only had a 22% share last time, it has 92.5% now in all of its acerage.

Time will tell,its a once in a life time share to hold it will either make you very rich or you loose everthing.

The odds are looking better that i wil be proved right.

yeah, thats right so what price you hoping to pick them up for os if you wait you stand the risk of missing the boat - we're heading back to 6

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

The Falklands: Will there be oil?
By Ben Bland
Last Updated: 12:45am GMT 11/03/2008

Until DES comes clean with the name of its purported farm in partner this is another dead parrot in the making.

well it's not going to stay up, i know but as soon as the partner is announced and we get some timescales for drilling then this will no doubt rocket again

We have a good idea who the partner will be - Arcadia. It is the time and investment program that will be of most interest. As well as possible other jvs or farm outs.

What makes you think that Arcadia is the partner??

starting to motor again..

http://www.investorschronicle.co.uk/MarketsAndSectors/Sectors/article/20080318/9a11e20e-f427-11dc-96a0-0015171400aa/Rigging-the-Falklands-oil-race.jsp

Rigging the Falklands oil race
Created: 18 March 2008 Written by: Daniel O'Sullivan

Whats with all these automatic trades?

http://www.investorschronicle.co.uk/MarketsAndSectors/Sectors/article/20080318/36b40698-f417-11dc-96a0-0015171400aa/A-crude-yardstick.jsp

A crude yardstick

a load of selling going through why isn't the price tumbling? do they have a big buyer mopping them up...