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

Markymar,

Thanks. Two very interesting reads.

Just an update on the OG's tow. The Maersk Traveller will be towing the rig and is most likely to stay with her while she is down in the Falklands. She has left Aberdeen now and will soon be underway to Invergordon.


http://www.shipais.com/showship.php?mmsi=220591000

She'll be down there for 2 years then.....so much drilling to be done.

http://www.thisislondon.co.uk/standard-business/article-23775621-falklands-factor-pulls-in-city-cash-bonanza.do

Falklands factor pulls in City cash bonanza

The City is pouring money into the Falklands today in two fundraisers, as the wind-swept British islands in the South Atlantic are targeted as one of the last great unconquered oil and gas frontiers.

The amount of divvied up to Falklands offshore prospectors in the last month alone now tops 250 million.

Borders & Southern Petroleum today said it is raising 113 million from a placing of shares at 50p. They were 4p dearer today at 59p.

Falkland Oil & Gas (FOGL), which is prospecting in the same basin south of the islands, said it is raising 50 million from a placing priced at 115p. Its stock was 6p cheaper at 130p.

Funds are being raised to get rigs down to the South Atlantic to start drilling next year.

The placings follow 92 million raised last month by Rockhopper Exploration and Desire Petroleum which have both identified prospects in the islands' north basin, reckoned to potentially hold 3 billion barrels.

FOGL said today it needs an anchored rig to start drilling 90 miles south of the islands' capital, Port Stanley, in sea depths of nearly half a mile.

Investors will be keeping a sharp eye on the results from Desire, which will be the first to drill next year, but analyst Richard Griffiths at Evolution cautioned: "The north and south of the Falklands are as different as the North Sea and

"are as different as the North Sea and....................." WHAT????? Chips????

Oil and water...?

the Mediterranean." sorry harry!!!!

Great news today for all the Falklands oilys and great news for Desire as demob costs are shared by 2 more players and that leaves more money for Desire to maybe sink more holes which gives us better chances of success.

I can't see them drilling anything until 2011 because DES and RKH have got their hands full with at least half a dozen wells between them perhaps more.....boy ! what with the world cup and drilling down there next year ....exciting times ahead !...Desire might benefit the most because they have the rig....so 20% production to DES for the use of the slot for the rig....could be something like that coming....should help the sp no end .....but the South Falkland drilling in deep water is a long way off.

Some pics of the Ocean Guardian leaving and setting sail to the Falklands.........waited 10 years for this.....the price will rise the closer she gets.

http://s922.photobucket.com/albums/ad63/efesp/

If you track the Maersk Traveller which is towing the OG

http://www.shipais.com/showship.php?mmsi=220591000

Reminds me of The Falklands War with the taskforce leaving .....drilling for oil this time ...much better.....there's going to be a tremendous amount of drilling by small caps right across the globe next year....quite incredible !.

Have just seen a rig being towed in the channel today, that must be ours.

Rob that will be the one!!!

http://www.flickr.com/photos/88423542@N00/sets/72157622911666770/


Falklands' oil quest takes off with new drilling plans

http://www.upi.com/Science_News/Resource-Wars/2009/11/30/Falklands-oil-quest-takes-off-with-new-drilling-plans/UPI-36791259621895/

http://www.thesun.co.uk/sol/homepage/news/2754307/Falkland-Islands-hold-oil-fortune.html#mySunComments

The PR machine is just starting.....fever pitch soon!!!!!!!

http://www.investorschronicle.co.uk/Companies/ByEvent/Fundraisings/Analysis/article/20091202/0d8a4ffe-df32-11de-a97c-00144f2af8e8/Falklands-oil-hunt-gets-serious.jsp

Falklands oil hunt gets serious
Created:2 December 2009Written by:Martin Li
It's a measure of how excited investors are getting about oil in the Falklands that The Sun newspaper had a full page devoted to the subject this week. This came as the Ocean Guardian drilling rig contracted by Desire Petroleum was towed out of the Cromarty Firth in Scotland for its two-month journey down to the South Atlantic. Desire (with partner Arcadia) and fellow North basin explorer Rockhopper Exploration plan a four-well drilling campaign beginning in early February 2010, with options to drill a further six.

With the rig costing an estimated $16m (9.6m) to transport to the Falklands and back again, the explorers are keen to drill as many wells as funds allow. Fortunately for them, following a series of recent exploration successes around the world, their story continues to appeal to investors, culminating in Borders & Southern (which is exploring the South basin with Falkland Oil & Gas (FOGL) and its partner BHP) raising 113m last week - more than its market capitalisation. This placing followed recent fund raisings by the other three explorers that raised in aggregate more than 140m.

Ironically, given the keen interest that allowed it to complete such a large fund raising with little dilution, Borders is likely to be the last of the quartet to drill. The semi-submersible Ocean Guardian rig normally drills in water depths up to 450m, which is perfect for the North basin prospects of Desire and Rockhopper. The prospects in the South basin are substantially larger than those in the north, but in deeper water. However, the Ocean Guardian can be modified to operate in slightly deeper water, which could allow FOGL to drill Toroa, a large but relatively shallow (600m) prospect as part of the initial campaign. FOGL's operator partner BHP is now in discussions with Desire to take the third slot for Toroa, following the initial wells to be drilled by Desire and Rockhopper.

FOGL/BHP also plans to secure a deepwater rig or drillship to mount a more concerted assault on the South basin in late 2010 or early 2011, which it would probably share with Borders to minimise rig costs.

Markymar,

A nice write-up. Interest is gaining momentum.

http://www.walesonline.co.uk/news/uk-news/2009/12/03/swansea-raised-oil-man-colin-phipps-predicted-falklands-bonanza-91466-25310294/

Swansea-raised oil man Colin Phipps predicted Falklands bonanza

http://www.dosse.dk/blog/

translated from spanish and some great pictures of the OG,should see the price start to rise from now on.

http://www.falklandnews.com/public/story.cfm?get=5561&source=3

Falklands' Oil - Time to Defuse the Bomb
December 3, 2009
by By J. Brock (FINN)

FALKLANDS OIL TIME TO DEFUSE THE BOMB

By J. Brock (FINN)

Full page and half spread in the Daily Express today page 44 and 45 the link below is not the full artical and missing many pictures.

http://www.express.co.uk/features/view/144273/Falklands-Oil-could-become-bigger-earner-than-tourism

thank you mark ..... glad i'm not so arrogant that i cannot change my mind as bought a fairly modest number at end October which is now prettily in the money