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.....not in anyway knocking either Desire Petroleum or yourself but I believe you are referring to wrong company...your post above refers to quote 'there is only one only pure Falkland Island Inestment available now'...Desire are NOT pure Falklands Island Investment as they are involved in other projects throughout world..that pure investment is FOGL
Similarly the doc refers to a company that has a 28% holding and will be coming to AIM in next month.... that one I believe is Global Petroleum who have a 28% holding of the pure Falkland Islands Investment FOGL
Similarly document refers to 'this company will increase in value as everything gains from the Oil Investment in Falklands including licences and property'...again this company is I believe FOGL
FOGL have appointed DES to do siezmic drilling etc etc and I do belive that DES are a good bet AND GOOD LUCK. however I am almost certain that this document refers to FOGL.
Go into FOGL on Google and have a read it makes for very interesting reading.

Finally when this document came out which was about 2 weeks ago, FOGL were on the up immediately. DES only went on the up a couple of days later when they announced fantastic oil discoveries as part of this project. Since then DES and FOGL have gone up almost hand in hand

ANY VIEW ANYONE

Yes i new that when posted it but it was to show that the PR machine in action and if they think that FOGL is a good bet then Desire are at least 2 years in front of FOGL and thank you for your post.

Picked this up of oil barrel today maybe some thing or nothing.


"The company has about C$20 million in the bank and is looking to use those funds to acquire further producing assets in Argentina. Exploration drilling is also on the cards for 2005. Greer said Antrim is very comfortable investing in the country, which is now picking itself up after the financial meltdown of 2001. "

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24.11.2004
Antrim Targets The UK North Sea And Sees Further Opportunities In Argentina
Antrim Energy plans to open an office in the UK next year, underlining its commitment to growing its presence in the country. The company has built up a portfolio of interests in the North Sea, seeing plenty of scope for both development and exploration opportunities in this maturing oil and gas province. As well as picking up acreage in the UKs 21st and 22nd offshore licensing rounds, the Calgary-headquartered firm has built up a majority stake in block 211/22a: in June it acquired ConocoPhillips 18.4 per cent interest in the Osprey Ridge block and earlier this month bought out Marabenis 39.2 per cent stake. The remaining equity holders in the block are Italian energy giant Eni and Canadas CNR International.

After spending that amount of time and money, we are very keen to drill a well as soon as we can, which is likely to be sometime next year, chief executive Stephen Greer told oilbarrel.com. The well is a relatively low risk prospect - more of a development play than anything else in Greers words - which offsets two discovery wells, the most significant of which is well 22a-3, which tested oil from three zones when it was drilled in 1984 at a cumulative rate of more than 6,000 barrels per day. An earlier well, 22a-1, drilled in 1976, flowed more than 1,200 bpd. The block lies between the producing Cormorant and Dunlin oilfields, which to date have produced over 400 and 380 million barrels of oil respectively.

This is changing our risk profile a little bit, said Greer. It offsets established oil tests so it isnt wildcat exploration like our well in Australia, and even there we farmed out because it was too risky and costly for us.

That well, the South Galapagos-1 on Australias North West Shelf, proved a duster, vindicating Antrims decision to farm out so that 80 per cent of the costs were carried by new partner ONGC Videsh Limited.

We are now absorbing the information and that will probably take us until the end of the first quarter, said Greer. Well meet with our partners, gather everyones opinions and then make decisions about the future of the permit.

The companys Australian permits, WA-306-P and WA-307-P, which together span some 2 million acres and include an 80 km prospect trend, are not write-offs on the back of one duster. As Greer pointed out, South Galapagos-1 didnt test a larger Triassic target, a formation that has generated significant amounts of gas elsewhere on the North West Shelf. There are other targets on those two permits, he said.

Antrims risk profile is also moderated by the cash it generates from its Puesto Guardian field in Argentina. A workover programme initiated in September has proved successful to date, with each well averaging about 100 bpd in incremental volumes. These are very cheap operations and they pay out within a month, so its very valuable for us, said Greer.

The company has about C$20 million in the bank and is looking to use those funds to acquire further producing assets in Argentina. Exploration drilling is also on the cards for 2005. Greer said Antrim is very comfortable investing in the country, which is now picking itself up after the financial meltdown of 2001.

A couple of years ago everyone was running for the exit but now everythings calmed down, said Greer. There are supplemental taxes which mean we dont get the full WTI price but we still get a healthy percentage of it and were quite happy with that. We definitely think its worth investing there.

ANY THOUGHTS WITH THE TOP BIT ?

Hi All

Looks like were sitting on the fence at the moment. Des seems to have a problem with the 0.55p area. This might be because it was the high of Nov 99. Which might have spooked some investors. But anyway support is still at about 0.49p, which isn't that far off. The longer DES sits at this level the better the support. As we can see DES tried to recover twice at about 0.43p but failed, so third time lucky as they say! Another week gone past, just means an anouncment is getting nearer.

Anyone any input?

Good Luck All

Eddie

Look like http://www.falklands-oil.com/ has been updated.
Well worth a read.
Look for the newsletter as well.

Well found cap and we have 12 prospect now


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

MARKYMAR-CHK YOUR MAILBOX.

MARKYMAR- i DON'T HAVE EMAIL ONM AM. DOES THE NAME RING BELL? U CAN GIVE ME A MISS CALL I WILL CALL U BACK IF U WANT.

GOT MY MAIL BOX

Long term plans for Falklands port development agreed.



At the 25th November meeting of the Falkland Islands Executive Council, agreement was reached on the long term focus of port development and port operations.


FIPASS - Stanley
Discussions on the development of port infrastructure have been underway for some time and at its recent meeting ExCo considered a paper reviewing the situation and making a number of recommendations on the way forward.
Reporting on the meeting, Governor Howard Pearce said that it had been agreed that the current floating dock, FIPASS (Falkland Islands Interim Port and Storage Facility) and adjoining land owned by the government should be the long term focus of port development and port operations.

It was also agreed that a Director of Port Operations should be recruited by the middle of next year to manage and develop the port on a commercial basis. It was envisaged that a Port Authority or similar body would be established in due course to represent the interests of the Falkland Islands Government and port users.

In the meantime, it was agreed by ExCo that funding should be provided for essential maintenance and repairs of FIPASS and that plans should be made for its phased replacement in the longer term. It was also decided that tenders should be invited for the management of FIPASS from the 1st September 2005.

cheers for that Eddie

Does anyone know why is it taking so long to get farm in contracts? Des has been working on these contracts for so long subject to the data and now the data has been analysed you'd think a contract would have been arranged by now. Anyone know anything or the timescales involved (I know I am very impatient! I have been holding these for years but what worries me also, and I may have misunderstood the Annual Report last time, but don't the rights over the field expire on a certain date which isn't far off?)

robstuff, if the rights on the field expire we better get some more shares, cose the real jump will happen when the contract is announced, if that is on a timer, the negotiations will be frantic,

watcher