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

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

where is the Argie navy?!

Is Markymar sailing with the rig? No sign of him recently.

Havent bailed out yet been suning myself in the Canarys and so glad to see the share price rise 1.50 ish soon then near drilling ......mad house


A Penguin news article, courtesy of Granny7, on advfn - very interesting read.

http://www.penguin-news.com/pn-login_sub.php?typ=paid

Drilling preparations step up a gear onshore AS the semi-submersible drilling rig Ocean Guardian, contracted by Desire Petroleum from Diamond Drilling, continues to make its way south, a number of oil operators are scheduled to visit the Falklands to meet with government officials this month.

Desire Petroleums Chairman Stephen Phipps, Chief Executive Officer Dr Ian Duncan and Finance Director Eddie Wisniewski are due to arrive next week for a round of meetings with government officials and others.

They will be accompanied by Ben Romney from Buchanan (Desires PR consultancy) and Robert Watts, a journalist from the oil industry magazine Upstream.

Three representatives from Rockhopper Exploration are also scheduled to arrive next weekend.

The Ocean Guardian, under tow by the Maersk Traveller, is still on schedule to arrive in early February, Desires Falklands representative Lewis Clifton confirmed this week.

A second Maersk anchor handling tug supply vessel is due to arrive late this month, and the third rig support ship, a platform supply vessel, will complete the offshore drilling support package, he said.

The pace dockside is about to pick up with the first of two cargo ships, Thor Leader, carrying oil equipment from UK, arriving next week.

The second cargo ship, Honest Rays, arrives on January 15.

Mr Clifton said discharge operations would be undertaken 24 hours a day until the 14,000 tons of equipment onboard were sorted and stored, pending the arrival of the Ocean Guardian.

Onshore specialised support personnel will begin arriving in Stanley during the next few days.

Mr Clifton said up to 12 personnel would be based in Stanley for the duration of the drilling programme.

As with oil rig workers, these personnel will rotate 28 days on and 28 days off.

The shore support personnel will be largely based out of the integrated pipe yard and laydown facility being constructed at Coastel Road by Byron McKay Port Services, of which Mr Clifton is a director.

The facility will include modularised office and warehouse accommodation, and the silo plants (muds and cement bulk storage), although other private sector facilities will also be utilised.

Mr Clifton said Byron McKay Port Services had secured an onshore services support contract, and were working with AGR Petroleum Services - the oil operators contractor - to provide the ship-shore-ship logistics support interface.

A number of local appointments have been made to support the contract terms.

These include an aviation coordinator and a number of operatives, slings men, labourers and stevedores.

A two week training programme for operatives was undertaken during early December under training guidance brought in from Aberdeen, said Mr Clifton, adding that security personnel would also be appointed for the duration of the drilling programme.

Helicopter support operations are to be provided by British International with an airframe due to arrive on the Ministry of Defence freighter next week.

Mr Clifton said work was also progressing towards bringing back on line the helicopter refuelling facility at Cape Dolphin on East Falkland, which was set up during the last drilling round in 1998.

However, unlike in 1998 when the Borgny Dolphin oil rig was visible off Cape Pembroke, the Ocean Guardian is unlikely to come into sight on arrival, said Mr Clifton.

I bet you were rig spotting from Las Palmas, Marky !