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Desire Petroleum are drilling in Falklands (DES)     

markymar - 03 Dec 2003 11:36

free hit countersDesire 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

cynic - 08 Feb 2010 09:46 - 3516 of 6492

all this sabre rattling is exactly and no more than that ..... it's almost an irrelevant sideshow, the only thing of importance to all, and that includes the argentinians, is whether or not commercial oil can be found

ptholden - 08 Feb 2010 10:02 - 3517 of 6492

Indeed Harry and so you should :-)

hlyeo98 - 08 Feb 2010 11:30 - 3518 of 6492

The chart is looking unsteady now at 107p.

hlyeo98 - 08 Feb 2010 12:45 - 3519 of 6492

Obviously people are getting cautious now.

robstuff - 08 Feb 2010 13:13 - 3520 of 6492

hyleo98 - Only 0.2% of the shares traded today, I think most are content to hold for now

hlyeo98 - 08 Feb 2010 16:23 - 3521 of 6492

It's obvious from its share price...100p now.

Balerboy - 08 Feb 2010 19:06 - 3522 of 6492

think profit should have been locked in......again....people getting the gitters.....can see 70p coming.
/..\
<>

cynic - 08 Feb 2010 19:39 - 3523 of 6492

try not to fret ..... never mind if now too late to have locked in profit, but if buying more, try to do so for the right reason rather than just trying to catch the knife xxxx

Balerboy - 08 Feb 2010 19:42 - 3524 of 6492

not fretting.....not in....wearing gloves..

hlyeo98 - 09 Feb 2010 08:10 - 3525 of 6492

Didn't I told you all to be cautious but nobody listens...95p now

cynic - 09 Feb 2010 08:21 - 3526 of 6492

yes, but for entirely the wrong and hysterical reasons

HARRYCAT - 09 Feb 2010 08:26 - 3527 of 6492

1.4m traded today in 25 mins, so I assume a large portion are sells as the sp was heavily marked down at the open???

cynic - 09 Feb 2010 08:30 - 3528 of 6492

there could be quite a lot of forced closing, so arguably DES presents an interesting falling knife ...... there is certainly no news on Reuters or Bloomberg that would disturb anything .... indeed, the last news was yesterday afternoon from AGR (norwegian) being approached by DES etc for logistical and other support

required field - 09 Feb 2010 08:37 - 3529 of 6492

Without ramping : I think that this is a good time to buy into your favourites .....in a few months time it will look like a great time, DES,RKH,AFR,GKP and many others looking cheap if an upsurge in crude is just around the corner....buy when people take to the hills...that's what they say...

required field - 09 Feb 2010 08:39 - 3530 of 6492

PS : I thought I saw a ghost yesterday...the french connection....no it can't be !...

cynic - 09 Feb 2010 08:43 - 3531 of 6492

looking at L2, the brokers seem to have quite a lot on their books at around 100, which has meant that buy order book is quite heavily outnumbered at the moment.

good time to buy?
on balance, my thought would be marginally in favour of doing so, but it's still pretty brave, but less so if you do not already hold

required field - 09 Feb 2010 08:47 - 3532 of 6492

I've bought quite a few things as of late.....some of these prices will seem like an bargain later on....job to guess where the bottom is but I have confidence in the ones I've picked of rebounding way higher than what I've paid...

cynic - 09 Feb 2010 08:49 - 3533 of 6492

old adage - just because a share price has fallen significantly does not mean it cannot fall further

required field - 09 Feb 2010 08:50 - 3534 of 6492

If we draw a line upwards across the rising trend overall : the sp looks like to me being at a support level.

cynic - 09 Feb 2010 09:11 - 3535 of 6492

support is only support if it supports - lol!
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