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

that would likely lead to yet another mfu

DES is getting weaker by the day...aargh.

Good support at 90p! Don't tell me you got caught up in the hype, hlyeo?

hate to say "i told you so"......

If the sp breaks the 105 support the next one is 90p

Bpoole explain how it hit a 1 low yesterday and then bounced up to finish the day at 109p... i think that sinks your 90p theory!!!!! Yarn..............

If you look at the sells today it a lot of smaller sells either people panicking as the share price retreats or a lot of people taking profit after getting there certificates yesterday and selling and making a quick profit.

They will be drilling on Valentines Day and the share price will significantly higher than it is today!!!

"People getting their certificates"...........? I don't think so!

I got mine Yesterday and also i few freinds got theres.

I think the majority of people who are active investors, trade on-line & therefore do not receive certificates.

Phew! It stabilise end of day...but for how long???

Better day!!!! not long now till drilling

Obviously a buy note out yesterday from Oriel but dont have details. (hemscott premium)

Desire Petroleum PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Oriel Securities
27-01-10 BUY

Seymour Pierce
22-01-10 BUY -1.00 -0.29 -1.00 -0.29

Yippee! Keep on buying DES.

Dead cat bounce. Take profits.

So u think I should sell today, harry?

time to short it hlyeo......

I have just sold 40% of DES taking your advice, hoping I can get it cheaper next week.

Thank, guys... sp has dropped from peak today.

If the sp drops again, I wonder if that qualifies for a (slightly distorted) head & shoulders? In which case......90p????

Mark, think we should have our own thread? i.e for long term holders as the idiots are starting to use this one, I can't be wading through all the jealous non holders comments (those really wanting to buy etc) like on advfn. The point is these boards are going to be full of day traders before long and Falkland Island Oil is going to be around and developing for many yrs, current price valuations for DES range from 9 to 40 based on the oil they know is down there!