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

http://www.independent.co.uk/news/business/sme/small-talk-pawnbroker-thrives-on-credit-crunch-woe-900777.html

Desire deal takes chill off Falklands drilling plans

The Falkland Islands are generally considered to be a rather inhospitable place to live, given the weather and their remoteness. If you work for an exploration company and live there, and you cannot get hold of a rig to get at the gas that you think lies below the seabed, life must be doubly frustrating.

For those at Aim-listed Desire Petroleum, the frustration may be about to be lifted after the group announced last week that it has signed a deal with the shipping and drilling firm Arcadia Petroleum. As part of the agreement, Arcadia, and a third party, Rockhopper, will cover the 10m or so it costs to drill a couple of wells, while Desire will retain 57.5 per cent of the site, which they reckon has the potential to provide as much as 7.8tr cubic feet of gas.

The farm-out deal is a rather nifty piece of business, which not only gives Desire the chance of getting at the gas for no cost, it also avoids the prospect of going cap-in-hand to investors to ask for more money. The shares were up 10 per cent on the news last Thursday.

cant really understamd why the s.p. is drifting back so quickly after such positive news....any ideas

watcher

DES is just causing short-term excitement...price moving downwards again...now 76p

hyleo

do u just look up shares that go down each day?
all u do is want to gloat at others it seems...........why dont u go out on streets in uk and laugh at a teenager that just been stabbed to death.....maybe thats sort of person u r!

I'm shorting DES

who cares......u short most shares by looks of it.

pity u can short a war.....as i reckon theres going to be a major war kickin off in next year or so

Exstreme Caution: Ramco energy deal is off untill February 2009, Danger zone no ratification, Re: 35p

Agm commences at ramco Energy and traders are expecting delays for the ratification deal in Iraq and shares are been disposed in large quantities. 30p expected for this company. be carefull.

your short aint doing to well hyleo, lol......and thats when market plunges!

; )

http://www.falklandnews.com/public/story.cfm?get=5100&source=3

Desire deal gives the Falklands that feel good factor
August 19, 2008
by J. Brock (FINN)

going up again so far today.......hows your short doing hyleo?

http://www.bgs.ac.uk/falklands-oil/download/A3Map.jpg

well.....another decent move up today.......it is noticeable that hyleo keeps quiet when sp moves up........he's done this on at least 2 others very recently that have had major gains since he shorts.....and probably more than that as housing shares moved up lots recently in last month or so.

marky.......been hearing there could be more major news by september.

Great news from RKH

The Board of Rockhopper notes the recent announcement of 14 August 2008 by Desire Petroleum plc and welcomes Arcadia Petroleum Limited to the North Falkland Basin. The Board also notes the stated intention of Desire and Arcadia to drill a total of 4 wells between them. To this programme of 4 wells Rockhopper intends to add a minimum of 2 wells bringing the total number to 6 wells.

http://www.oilvoice.com/n/Rockhopper_Exploration_Provides_3D_Interpretation_and_Operational_Update/e8ebd4cd.aspx

I agree Marky. This is all coming together for an important drilling campaign across the NFB which could have massive impacts if successful, including on our personal wealth!

DES being chipped away before the plan comes together...

.

ok u can take that away it should be on its way,u like my new map?