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

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!

The 'idiots' could possibly be those people who watch a share price lose 15% & don't take advantage of locking in some profits, just in case the unexpected happens. Just a thought.

Hi Robstuff,

I agree day trades can be a pain and get to those of us who are holding long term (I am not in Des but in FKL) but the huge difference in this thread and it's brother on ADVFN is that this thread has very little bad language or personal digs.

Day traders have their own agenda, which I have no problem with as they do help keep the share fairly liquid, which in it's way helps to keep the spread reasonable.

Must say that I can't understand why anyone buys/sells on advice from anyone posting here, but each to his/her own.

Please don't take this as a dig, just wanted to point out what I see as the difference.

Up half a penny end of day. Thanks again, BB and Harry.

Any body who takes notice of what I say shouldn't be trading anyway, just like to chip in to make the day go by. Robstuff must be a very boring individual and the sooner he goes to a new thread the better for all of us!!! As GM said I refrained from an abusive comment... unlike him....

According to the Financial Times today, three Desire Petroleum directors bought a total of 461,423 shares on Wednesday the 27th, giving them a total holding now of 68,120,635.No one can accuse the Desire directors of not backing the company with their own cash!

Correct Geoffsh, not long now 14 or so days till drilling.

http://maximumprofit.wordpress.com/2010/01/30/falklands-are-%E2%80%9Cgo%E2%80%9D-for-oil-exploration/

FALKLANDS ARE GO FOR OIL EXPLORATION

i've got DES - loads- thats far from boring!