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

"speculative investors" and "fairly priced" are to me the two key phrases, and both strongly suggest caution at this juncture

attention seeking again Cynic....! get a life and move on life is far to short.

Cynic, get a life you sad sod, if you haven't got the shrs you aint gonna be able to deramp them in order to get on board, bite the bullet and buy or forever regret it

cynic.....you seem to have got quite a few shares wrong this summer from reading your comments......once in a while u need to take a punt on speculative share.......hey its called life!

anyway i'll let u get on with staring at company screen all day.....i pity the poor sod that got to make up all the work that aint done by you by being on this site all day. i've got friends that work in offices and they only get lunchtime to look at internet........people constantly on internet at work should be sacked

Last plea.
As there are almost 50% of the last posts replying to 'cynic' it is starting to make reading this thread a waste of time, although I have him squelched.
So please don't reply to him. All those that do only fuel his strange need to post his drivel.
I would hate to stop reading this thread, as there is often a bundle of good info posted, especially for someone such as myself who is not invested in Des directly so do not know the company in such depth as you do, but use the thread due to any info from the Falkland Fields reflecting on my investment in FKL.
Please don't take this post as a personal dig, as I value your input (not cynic obviously).

http://www.badidea.co.uk/2009/09/oil-found-everywhere-but-still-not-enough-of-it/

http://www.ft.com/cms/s/2/bea440d8-a47c-11de-92d4-00144feabdc0.html

am happy to admit that it looks as though i was wrong (yet again!) ..... at best, i fully expected DES to fall back to about 70p quite rapidly, and patently it shows a strong disinclination to do so ...... of DES, FOGL and RKH, i think i would plump for DES of this falklands trio as it seems to lead the pack

last time i get advice from you!!!! lol

i never told you to SHORT the damn thing - lol!

did you get suitablely pissed on your weekend, red light area after????

as "grandfather" to the group, i ensured they all stayed on the straight and narrow!
however, must admit that i never expected b'ham to be so chockfull of nubile nymphets, few wearing more than wide belts ..... shame that so few had the legs to carry it off well!

telling porky's again........

oop's that wouldn't apply to you....sorry!!

ratcheting up nicely

Morning Rob,

Been good volume over the last few days and I think we will see the share price creep up and down for a while but one thing for sure is when the rig leaves the shipyard after re fit and head for the Falklands it will do the same as it did back in 1998 and the share price will get higher and higher week by week.


From Westmount Energy results yesterday


1. Desire Petroleum Plc (Desire)




On 10 September 2009 Desire announced that they had exchanged letters of intent with Diamond Offshore Drilling (UK) Ltd for a rig to undertake a minimum four well drilling campaign in the North Falkland Basin. The rig is due to arrive in Falkland waters in February 2010. In addition Desire has options to drill a further four wells for itself or its partners. Exercising this option may require further fund raising in the future.




Desire's share price has responded to this news and is currently trading at 90.75p per share as compared to 31 December 2008 middle market price of 26.75p per share. The company currently holds 4,100,000 shares in Desire and the market liquidity in the shares has improved considerably. In August this year the Falkland Island Council granted the necessary environmental consents for the proposed drilling programme

Morning mark, I agree. I think we will see the share price rise steadily from here.

Good strong buying and a great finish for the week,good to see the goverment sending four 60 million Typhoon fighter jets.............that should ruffle a few feathers with the Argies.

Last mission for Leuchars Tornados
http://news.bbc.co.uk/1/hi/scotland/edinburgh_and_east/8268928.stm

http://www.cisionwire.com/keene-public-affairs-ltd/falkland-islands-government-to-update-delegates-on-oil-developments-at-party-conferences

Falkland Islands Government to Update Delegates on Oil Developments at Party Conferences

http://www.falklandnews.com/public/story.cfm?get=5500&source=3

Resources Report for Aug/Sep 2009
September 27, 2009
by Phyl Rendell

DEPARTMENT OF MINERAL RESOURCES
Directors Report for August/September 2009


By Phyl Rendell

(c) Crown Copyright



Desire Petroleum: Drilling Programme


Desire Petroleum has announced that the company has signed a letter of intent with Diamond Offshore Drilling (UK) Ltd for the drilling unit the Ocean Guardian to undertake a drilling campaign in their acreage in the North Falkland Basin. Desire Petroleum anticipate that the rig will start drilling wells in February 2010. This is very good news for the Falklands and will move the exploration programme forward in the northern area to establish whether there are commercial quantities of oil or gas there.


Desire Petroleums Environmental Impact Statement (EIS) was approved by Executive Council in August and now that the company has identified a rig to work here, the required addendum giving details of the rig and the drilling programme can be prepared and forwarded to this Committee.


The Mineral Resources Department with the support of BGS, will work through all the necessary approvals that need to be in place before drilling starts.


Rockhopper Exploration: EIS


Rockhopper Explorations EIS will be considered at the meeting of Executive Council on 17 September and as with Desire Petroleum, it is anticipated that the company will also need to provide additional information in an addendum providing details of their drilling programme.


Department working with Licensees


Since the last committee meeting the Mineral Resources Department has maintained close links with all licensees. Monthly reports are received from the companies on their activities and all the companies are moving forward with their work programmes. Dr Phil Richards from BGS is well placed to meet with individual operators either at the BGS offices in Edinburgh or at the company offices in or near London.



Visit by FCO consultant


Mr Fred Rokitta, an FCO consultant reviewing safety and security provision in relation to an offshore drilling programme, visited the Islands from 3 11 August. He met with government officials with responsibility for offshore safety and security and emergency planning. He also met with Legislative Assembly members and MOD. FIG welcomes the support given by the FCO in preparing for a second drilling programme in Falklands waters.


FIG restructure


From 1st October the Department will be separate from the Department of Agriculture and run by the Director of Mineral Resources. Katrina Stephenson will move to the DOA. Thank you to Katrina for her work with Mineral Resources matters over the last four years and for so ably taking the minutes of this meeting.