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

Barclays out any comments before I top up?

Should have a better idea after AGM tonight on future plans!

http://www.mercopress.com/vernoticia.do?id=13670&formato=HTML

Falkland Islands flourishing upbeat assessment in London

I think DES is starting to realise the IC article that it is only worth 20-25p.

little more time is needed!

Like 2-3 years!

agm yesterday says its up to FI GOV approval .....up to 3 months, then setting things up ......so it could be end of year......it will be 1st quarter / 2nd quarter max though.

partner involved is very wealthy too! which is good.....also rkh are fully funded to help des according to agm.

so enough of scare stories or de-ramping, halifax.....you seem to be a bit like that in last week or 2 from what i seen.

Not de-ramping just stating the facts as known at present. It is unlikely DES will start drilling before 2010 after FOGL/BLT have drilled and been successful or otherwise.

well thats not what was inferred at agm yesterday......it is feasible to drill end of this year, if not it will be 1st half of next year

scotty inferred is not a fact.

Halifax you know very little when it comes to facts,hence you own FOGL shares who arnt even drill ready or have enough funds to drill a hole.

http://www.desireplc.co.uk/presentations.php

AGM PRESENTATIONS
11th June 2008

Halifax maybe have a read up and then you may learn some thing as you make people sound thick who come from halifax

yes i do know that halifax!!!

were u at agm yesterday? i doubt it from your stupid comments......your nickname reminds me of that crap building society which is going into oblivion.....suppose taxpayers will need to bail it out with billions of pounds

scotty/ marky sticks and stones......time to grow up!!

ok, i'll break your bones then!! haha

need to get a big stick

Halifax - markets don't work like that as you and IC should know.

A share will never move from a 20p (no oil found) price to say 10 on the day that a gusher (or more than one) is drilled.

Investors have to position themselves so that they do not 'miss the boat'.

This is why last time the price reached a peak in excess of 4 pre-drilling.

You may call this speculation or positioning - it doesn't matter but it is the way markets work.

IC would be better valuing FTSE 100 companies.

Although investors may be reticent to bid prices up following the previous dissapointment, it is worth noting that the crude iol price was less than a third of what it is today - which puts a hugely higher value on the value of the prize if drilling is succesfull.

sp into blue territory after all the scare mongering yesterday and 1st thing today.

hyleo.....i bought a share from ic tip 20 years ago.....it tipped STRONG BUY 3 TIMES....yes 3 times over 6 months as sp tanked.....company went bankrupt!

never again do i even read ic or shares mag.....they r rubbish mags and prob ramping by the so called journos on it

Marky,

You've nicked my picture. lol.

Were you there yesterday?

Llol Kiwi,


How you get a pdf picture up?

Been away from the mine for a while so havent been able to click them clogs,i was there in spirt!

What you know Kiwi,u have know return address!

Try ********

I took a screen print (Alt+ PrtScr) of the pdf image, copied that to MS Paint, fiddled with it and then saved it as a jpg and loaded that on to tinypic.

Desire Petroleum is much too overvalued...it should be in the region of 20-30p only.

is that from shorters viewpoint? as theres supposed to be news shortly from update at agm