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

Hlyeo you are talking utter tosh again the rig will be drilling thursday or Friday next week. it arrives this Sunday and will go straight to Liz Target where ancher chains will be set over the target.

Read it, smart marky, it was dated yesterday...where are your facts???

http://news.bbc.co.uk/1/hi/scotland/highlands_and_islands/8504047.stm

You know it was a misprint...i think people on this thread know who talks crap and its not me you are misinformed a usual .OG will be in the Falkland this Sunday weather permitting no hold ups then we see who is misinformed.

well one report or the other will prove to be correct

i read your link, but it could well be just an old report that has been recycled
given that there are no dates mentioned in it, that could well be the case, though not necessarily

the accurate (correct) report will come from shipping movement reports issued by Lloyds or similar - marky will know what i mean - or of course an rns from DES

In any event, what really matters is spudding the well and finding oil, a few days delay here and there will make little difference in the great scheme of things!

It clearly dated 8th February,2010. You mean BBC is misinformed?

Yes i do!
OG will be in Falklands waters this Sunday valentines day a special day for me and should be drilling within 72 hours of arrival hence i have given Friday the latest date of spud.
Carry on with your tosh i stop the info!!!Up to u lot

How can BBC be misinformed? We will see on Valentine's Day.

easily; and as i posted, it did very much look like a recycled article ...... anyway, one or other of you is wrong, and all will become self-apparent in just a few days

I hope we will get a RNS on Monday saying that the OG is in British waters.


http://www.subseaworld.com/projects/agr-to-undertake-major-falklands-drilling-programme-03528.html

AGR TO UNDERTAKE MAJOR FALKLANDS DRILLING PROGRAMME
2010.02.09 - Projects

AGR Petroleum Services (AGR) will begin a significant drilling campaign, valued at more than 2 million, off the Falklands Islands this month on behalf of two operators.



The company, which is one of the largest independent well management firms in the world, has been contracted by Desire Petroleum and Rockhopper Exploration Plc to provide logistical support and undertake a six well drilling programme in the North Falklands Basin. Desire Petroleum has four prospects while Rockhopper will have two exploration wells drilled.



AGR is also in discussions with a possible third operator regarding additional drilling in the region.



Executive Vice President Ian Burdis of AGR said: This is a major project for us. To be contracted by two companies to undertake work in this frontier region is great recognition of our teams expertise in these challenging environments.



Theres been a huge amount of logistical preparation required ahead of this activity. Were now ready to begin drilling and will be working closely with our clients to achieve a successful outcome.

AGR has established a supply base in Port Stanley the Falkland Islands which required an initial loadout of approx. 9,000 tonnes of cargo to be shipped from Aberdeen Harbour the largest consignment of its kind to be transported from the city to the region.

The drilling campaign is expected to begin around the middle of February, weather dependent, and last for approximately five months.

Bob Lyons, Managing Director of Desire said: This project is central to our exploration and production activity and we are pleased to have AGR on board to provide support throughout the programme. Their teams are well respected in the industry and provide the ideal fit with our operations.

The third generation semi submersible drilling rig Ocean Guardian has been contracted from Diamond Offshore Drilling by Desire and will be used during the drilling of all six wells. It set sail from Invergordon, in the north east of Scotland late November and is due to arrive in the Falkland Islands around the middle of February.

Sam Moody, Managing Director, of Rockhopper added: We have found AGR's preparations for this drilling campaign to be highly professional and enjoy a very constructive working relationship with the team there. We look forward to the start of the programme.

my last information was it was to be in place by 12th feb

Don't rise to it Mark, like you say - readers of this thread know who the reliable posters are. hlyeo is desperate to get in on Des and believes his postings will have a negative impact on the sp :-) ha ha!

Gibby it maybe making better progress than first thought and a possible new spud date could be as early as next Wedenday.......its a game of catch up over there everone is running a 100% so every bit of the jigsaw fits.

http://energy.pressandjournal.co.uk/Article.aspx/1598098?UserKey=


Falklands oil potential generates great expectations in the City
Hopes high among exploration companies as new drilling campaign is about to get under way
By Gavin Farquhar

Published: 10/02/2010

mark - yes they are proceeding well - although i dont post often i have a sizeable interest in the falklands 4 including of course des - if i can help clarify things then good - good link btw

to nail hyleo once and for all ..... from Reuters

OSLO, Feb 8 (Reuters) - Norwegian oil and gas contractor AGR Petroleum Services said on Monday it had won a contract to launch a drilling campaign off the Falkland Islands later this month.

Last week, Argentina protested to Britain over plans to begin offshore oil exploration in the Falkland Islands, which the two countries went to war over in 1982. [ID:nN02111521]

AGR Petroleum Services, one of the largest independent well management firms in the world, said it had been contracted by Desire Petroleum and Rockhopper Exploration Plc to provide logistical support and undertake a six-well drilling programme in the North Falklands Basin starting in February.

AGR said it was also in discussions with a possible third operator regarding additional drilling off the islands, located in the south Atlantic Ocean near Argentina's coast.

Should be overhang from the options now all clear.


RNS Number : 9523G
Desire Petroleum PLC
10 February 2010



For immediate release
10 February 2010

Directors' Shareholdings

The Company announces that on 10 February 2010 it was informed that Phipps & Company Limited sold 2,180,000 ordinary shares at an average price of 98.81p per share. The Company was further informed that Ian Duncan, Chief Executive Officer, sold 215,000 ordinary shares at an average price of 98.81p per share.

Details of these transactions and their effect on the shareholdings of the relevant Directors are set out below:

Director
Pre-tranaaction shareholding
No. of shares sold
Post-transaction shareholding

Stephen Phipps
38,882,633* (11.9%)
2,180,000
36,702,633 (11.3%)
Ian Duncan
700,169** (0.21%)
215,000
485,169 (0.15%)
Anna Neve
38,662,633* (11.9%)
2,180,000
36,482,633 (11.3%)

* These include an interest in 33,532,633 shares held by Phipps & Company Limited and 2,840,000 shares held by the Phipps & Company Retirement Benefit Scheme.
** This includes 107,143 shares held by Chase Energy Limited.

These sales represent the final sales by Phipps & Co and Ian Duncan in relation to their option exercise announced on 4 February 2010.

Good to see the share price moving in the right direction and hopefully that over hang in those shares has gone and the share price continues to climb from now on.
The share price has got some catching up to do so hopefully we have some exciting days to look forward to.

Rig arrival is still Sunday and drilling on Liz will commence on Wednesday the earliest...happy days!!

only happy days when drill comes up trumps - or something like that!

oh dear....2 directors selling shares...CEO = 215,000 the other = 2,180,000.
Not good when they sell at 98p..
Edit. chairman sold 2 mil, to..

Most of the other oil exploration companies that I have followed seem to attract punters up to the spud date, with many encouraging RNS to keep us all interested. Once the drill starts turning, there really isn't much to report (assuming no technical difficulties) so with no news flow I would then expect the sp to drift again until the testing starts.