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://en.mercopress.com/2009/03/29/brown-cristina-agree-they-have-differences-of-opinion-on-falklandsmalvinas

Brown/ Cristina agree they have differences of opinion on Falklands/Malvinas&lt&lt&lt

Knocking on the door at 32p

Interesting article. No question, imo, if there are big oil finds, that the Argentinians are going to be interested once more in acquiring a foothold. Probably happy to let others do the hard work initially, but there is always going to be a risk of intervention from them.
Happy to watch for the moment, but will get back in late 2009 and am looking forward to a bumpy ride!

If the Argies are serious why don't they search for oil inside their uwn territorial waters like the Brazillians. You can't take Argies seriosly they just use the Falklands as a political football.

I guess 32p at some point today.

http://en.mercopress.com/2009/03/30/falkland-islands-government-we-wish-to-remain-british

Falkland Islands government: We wish to remain British

knocking on the door at 32p again!!!

Breakout !

Byron marine are manning a stand this week at an exhibition in Southampton aimed at Offshore Survey work..NOCS Expo..

Personally would like to see 33p.

http://www.bgs.ac.uk/falklands-oil/download/news.pdf

Falkland Islands Government
Department of Mineral Resources

Newsletter April 2009

Bollinger Bands

DES.L has closed above the upper band by 0.7%. If the price is in a uptrend; then this upward trend has a good chance to continue. above the upper band by 0.7%. If price is in a uptrend band; this upward trend in price might continue. However a short term pullback inside the band is likely.Bollinger Bands are 56% narrower than normal. The narrow width of the bands suggests low volatility as compared to DES.L's normal range. The bands have been in this narrow range for 3 bars.

More volume today!!

Bollinger Bands

DES.L has closed above the upper band by 14.4%. If the price is in a uptrend; then this upward trend has a good chance to continue. above the upper band by 14.4%. If price is in a uptrend band; this upward trend in price might continue. However a short term pullback inside the band is likely.Bollinger Bands are 45.7% narrower than normal. The narrow width of the bands suggests low volatility as compared to DES.L's normal range. The bands have been in this narrow range for 10 bars.

RKH is the yellow line and is up 23% Desire in blue will follow and i think she will blow today with news of results soon and the AGM coming up soon and maybe the long awaited news of we have a rig.

Both of them are showing good volume and plenty of buys.

she has blown!!!!! 17% up

http://www.byronmarine.co.fk/index_files/Page488.htm

Offshore hydrocarbon exploration will yield for the Falkland Islands, new and exciting business opportunities. Bryon Marine is desirous of cutting its business future on that anticipated exploration activity. We would be pleased to offer you our services and work with you.

well done marky.

Bollinger Bands

DES.L has closed above the upper band by 20.2%. If the price is in a uptrend; then this upward trend has a good chance to continue. above the upper band by 20.2%. If price is in a uptrend band; this upward trend in price might continue. However a short term pullback inside the band is likely.Bollinger Bands are 0.3% narrower than normal.

Next Resistance is 43p and i think we will test this today,there is plenty of volume with good strong buys coming through....am sure we will try to get passed 43p a few times today and it will fall back but 50p next stop today!!!! i hope!!!

From Jac on iii who i respect as a poster.

Spoke to Ben Romney 10 mins ago and asked him about the recent mini price rise and whether it was significant with regards to next week and a rig etc etc.
He said we will be given a full overview with regards to the rig situation but obviously could not go into specifics now but that retail investors would have a full picture of what was happenning(whatever that means!)
I asked him talks were still ongoing and he said that they were but that we would be fully enlightened on wednesday to what the position is and what is going to happen!
Good luck everyone!

news will be a relief tomorrow afternoon for many old timers....including you dit...wherever you are.

Preliminary Results

http://moneyam.uk-wire.com/cgi-bin/articles/200904220700119388Q.html

MoneyAM
"North Falkland Basin-focused oil explorer Desire Petroleum posts a pre-tax loss of $1.8m after a "frustrating year".

Results for the year to the end of December show the loss increasing from $0.6m in 2007 with the firm having cash in hand of around $40m.

Chairman Stephen Phipps said 2008 was an excellent year of progress, building the prospect inventory and attracting a substantial new partner.

But he added: "Frustratingly, we were unable to hire a rig to drill on behalf of us and our partners in the North Falkland Basin.

"Notwithstanding the general unavailability of rigs due to the high utilisation rates and the resulting very high day rates, we were also hampered by the rig owner's demands for long term contract times (typically two to three years), and their reluctance to commit to a rig programme in the remote location that is the North Falkland Basin." "