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

Opec cuts output by 1.5m bpd
News wires

Saudi Arabian Oil Minister Ali Naimi has announced that Opec will cut its oil output by 1.5 million barrels per day with effect from 1 November, a decision the International Energy Agency has dismissed as "unhelpful" and the White House has branded "anti-market".


He said Opec needed to see the effect of its decision on the oil market before considering any further possible cuts, a Reuters report said.

Naimi, speaking after a meeting which lasted less than two hours, said the cut will help stabilise the oil market.

"The decision was straightforward," Naimi told reporters.

He hoped the decision will help alleviate economic instability but stressed Opec should not be associated with the financial crisis.

"Don't put Opec with the financial crisis," Naimi said, adding that record high oil prices in July this year were the result of speculative trade on futures markets.

He declined to be drawn on commenting on a suitable price for crude.

Naimi also said Opec could meet more frequently to review production.

"We're prepared to meet more often to stabilise the market," he said, adding Opec would do "whatever it takes".

Opec president Chakib Khelil told a press conference the group could take further action if needed before its next scheduled meeting, due to be held in the Algerian city of Oran in December.

"If a further decision has to be made, it will be made and we will not necessarily wait for the Oran meeting," Khelil told a press conference.

The United Arab Emirates Oil Minister Mohammed al-Hamli said that the decision to cut output was unanimous, adding he believed it was a positive move and would help to restore balance to oil markets and stability to the world economy.

Meanwhile, the IEA said the cut was "unhelpful" and comes in the context of main oil consuming countries facing a sharp recession.

"It's not a helpful decision because markets are quite nervous," Eduardo Lopez, senior analyst at the oil market division, told Reuters. "The size of the cut is too big," he added.

The White House also criticised the decision.

"It has always been our view that the value of commodities, including oil, should be determined in open, competitive markets, and not by these kinds of anti-market production decisions," White House spokesman Tony Fratto said.

The US has been concerned about high oil prices which have contributed to a slowing economy.

U.S. CRUDE FUTURES SETTLE AT $64.15/BBL, DOWN $3.69, 5.44 PERCENT


- U.S. CRUDE FUTURES SETTLE AT $64.15/BBL, DOWN $3.69, 5.44 PERCENT, LOWEST SINCE SETTLEMENT MAY 31, 2007

And it has seen a 61.8% retracement from the all time high for those interested in Fibonnacci retracements.

Not Hlyeo98 - only headline grabbing pronouncements from the likes of IC.

If you think oil is going substantially lower - think gain. These guys will do whatever it takes and the US is all out of chips to influence them. Military threats would have the opposite effect and might suit Iran, who are hurting and may quite like to effectively close the Straights of Hormuz.

http://www.britishbulls.com/StockPage.asp?CompanyTicker=DES&MarketTicker=RESOURCES&Typ=S

BUY
CONFIRMED

Price and moving averages has closed below its Short term moving average. Short term moving average is currently below mid-term; AND below long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BEARISH in short-term; and BEARISH in mid-long term.

If it's bearish short & med term, why does it come with a buy recommendation? Have I missed something?

Sorry Harry its from a diffrent web site


http://uk.stoxline.com/q_uk.php?s=des

★★★★★ Strong Buy also Rockhopper

I bought shares in Desire in 1998, since then I have bought more at various prices.The potential is huge and it is well worth buying more at these prices but if you want a bit of excitement now I recommend that you look at Pantheon Resources [panr] they have no debts,are producing oil,are going to be involved in the drilling of another two wells in the coming months in what is expected to become one of the largest oil finds in south Lousianna in recent years.The first well on the Austin Chalks which they are also involved in is due to be spudded very soon. They were very unlucky with the timing of the initial flow results from Bullseye which came out on the Monday evrything went down. They are only capitalised at 7m. and the ceo is Jay Cheatham who used to be on the board at Arco.

4 November 2008

PRESS RELEASE

WESTMOUNT ENERGY LIMITED

FINAL RESULTS FOR THE YEAR

ENDED 30 JUNE 2008

1. Desire Petroleum Plc (Desire)

Desire announced on the 14 August that it had signed an agreement with Arcadia Petroleum
Ltd whereby Arcadia will drill two wells in the
North Falkland Basin at no cost to Desire. In addition the Falkland Island Government has
granted Desire and Arcadia new acreage adjacent to
Desire's existing acreage in Tranche 1.

In addition Desire has sufficient resources of its own to drill two additional wells in
their licence area.

Following this announcement Desire and Arcadia are actively seeking a rig and there are
signs that the rig market is softening and they
are hopeful that subject to engaging a rig, drilling could commence in the first quarter 2009.Desire have confirmed that the drilling
opportunity is economically compelling even in the current oil price environment.

; ))

Investors pile into small oils

http://www.investorschronicle.co.uk/Columnists/GuestColumnists/article/20081104/e3f225c4-aa65-11dd-8c7b-00144f2af8e8/Investors-pile-into-small-oils.jsp

Daniel Stewart & Company Plc
Becket House,
36 Old Jewry,
London EC2R 8DD

Rockhopper (RKH.L) HOLD 50p (from SELL 40p)

Desire (DES.L) HOLD 60p (from Sell 40p)

very interesting article & without rubbing salt in the wound the following sums up the whole thing:
"Analyst Tim Heeley of Daniel Stewart put the surge into smaller oil stocks down to a significant return of private investors, revisiting stocks they deem to be oversold. But Mr Heeley cautioned bluntly against over-enthusiasm: "When the quality bounces, the crap does too."

Like us, he is particularly unsure about those companies exposed to the Falkland Islands, an investment theme that has long captured the imagination of small investors despite the logistical challenges it entails. Falkland stocks include Rockhopper, Borders & Southern, Desire and Falkland Oil & Gas: "There is the perception they are oversold, which they are not, because they don't have anything," he says, referring to the conspicuous lack of exploration success, let alone profits or cash flow."

Harry i think he sits on the fence as he cant get his head round how huge the Falklands might just be, the best report I have read was from Oriel securities who went in to great depth into Desire Petroleum and other Falkland plays and is the best I have read and if you can get your hands on the report am sure it will open your eyes.

I dont know if anyone else has read it and what they think but personally it goes in to great depth and gives you a good insight of the possible upside.

I have got to admit that when things look likely to begin happening with DES, RKH & FOGL I would certainly want to have a stake in all three, but am happy to wait until the spring as my cash can be put to better use elsewhere. I can't see any reason to buy now; just hope I don't miss the boat!

Harrycat the boat hasn't set sail yet!

.

True, but have just got to make sure I have the cash available when it does. Just on hype & speculation these will surge at some point, imo.

Todays penguin News

Phyl Rendell, Director of
Minerals and Agriculture
attended the International
AAPG (American Association
of Petroleum Geologists) in
Cape Town, South Africa.
Cape Town is a key destination
for petroleum geologists
that have an interest in oil potential
in the South Atlantic,
said Mrs Rendell, adding that
both BHP Billiton and Arcadia
Petroleum Limited have licences
in offshore southern
Africa, as well as in the Falklands
and there is potential to
link exploration activities.
Meetings were held with
Rockhopper Exploration and
Borders & Southern Petroleum
during the event and the stand
attracted attention from a
number of other oil company
representatives interested in
the area.
Mrs Rendell said that with the current drop in the oil price and a
perceived downturn in economies globally, there was an opportunity
to learn from the industry about the impact these factors may have on
future activities. Although there is much uncertainty about global
demand for oil, it was made clear at the Convention that the Falklands
remains a place of interest and potential investment for oil companies
and some industry representatives commented that rigs may become
less costly and more readily available as a result.

http://oilbarrel.com/home.html

07.11.2008
Drillers To Focus Their Sights On The Falkland Isles During 2009

Hello...is there anybody viewing this BB?

is there anyone rash enough to invest at this time in some little E&P company playing in Falklands?