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

An article in The Sunday Post today by the governor of the Falklands,warning of clashes over the hunt for oil.

They huffed and puffed back in 1998 and thats all they will do this time,would be great to see Chile on board as that would put the Cat Amongst the Pigeons.

http://www.sundaypost.com/postindex.htm

Mark, I have read it over and over, is our maximum subscription 21% OR 31% (I.E IS THE 21% in addition to the basic entitlement?) e.g. if i have 10,000 shrs can i apply for 2100 or 3100 ?

Hi Rob,
1 in 10 at 70p, there will be people who dont take up the full amount like the Phipps family as the can get them cheaper so i would think there will be X amount still left.

You can apply for an extra 21% of you holding on top of your 10% you guaranteed at 70p

So its 31% in total

thanks Mark, thought that was the case but my brokers word it differently (easily misinterpreted)

http://www.falklandnews.com/public/story.cfm?get=5568&source=3

The Maritime Security and Safety Bill, under a certificate of urgency, were next approved to go forward the Legislative Assembly on the 18th December. This Bill amends present legislation to regulate access onto, around and to legitimate businesses on FIPASS during offshore support operations.


Staying with Oil, Members gave their blessing for the Governor to seek approval from the Secretary of State for Desire Petroleum to drill six wells in their allotted areas in the North Falkland Basin. A further paper agreed the Principal Immigration Officer should not require certain posts among onshore oil support workers to have to be advertised or have work permits but employment opportunities for persons with a right of residence in the Falkland Islands must be protected.

http://www.reuters.com/article/idUSN2212560120091222?type=marketsNews

Argentina's YPF says to look for oil off Falklands

http://news.scotsman.com/news/Back-to-Falkland-Islands-to.5933533.jp

Back to Falkland Islands to get fighting fit

The offer I presume is a total success....having participated myself...and at a guess the rig towing must be progressing across the atlantic fairly well.

what with that and the mag/newspaper tips for 2010 ensuring DES gets max exposure in coming weeks may propell it much higher

Has it been tipped in the share mag?

not seen them yet but bound to be imo

Not really. They have a mention but FOGL is their preferred Falkland play & is their tip for 2010.

I prefer DES

Desire are holding all the cards,this maybe of intrest as it is the share price back in 1998 when Desire went drilling.....it will happen again...a rough ride

http://finance.aol.com/quotes/desire-petroleum-plc/des/ise/historical-prices?tf=9%2F1%2F1997-12%2F31%2F1998&gran=d

http://www.marinetraffic.com/ais/shipdetails.aspx?mmsi=220591000&header=true

The Maersk Traveller and Ocean Guardian have made an appearance off Las Palmas 3 days ago

http://www.upi.com/Business_News/Security-Industry/2009/12/28/UK-mounts-warfare-exercise-in-Falklands/UPI-24401262032911/

U.K. mounts warfare exercise in Falklands

Good article in Shares Magazine on the Falklands. BUY DES, RKH, FOGL and BOR.

here's an interesting chart for you ..... sp now challenging all-time high, having hit it once before and then failed to break through

But now the rig is sailing nearer day by day into the Falklands