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

http://www.timesonline.co.uk/tol/news/world/us_and_americas/article7034903.ece

http://www.desirepetroleumshares.co.uk/

Channel 4 getting carried away with them selves.....7 billion barrels!!!!

I love your statement, cynic. I would like to see DES exploring if oil is $10 per barrel.

http://www.telegraph.co.uk/news/worldnews/southamerica/argentina/7279507/British-cruise-ship-tests-Argentine-blockade-in-Falklands.html

British cruise ship tests Argentine blockade in Falklands

The higher the bottom oil price is (hope that makes sense) : the more likely Desire and Rockhopper will declare any discovery "commercial" and will proceed later to drilling an appraisal well at a future stage.....the recent sharp rise in crude can only help their prospects...expect the sp to jump 10p on monday.

Dont tell hlyeo that he might go long!!!!! 20 willl do me

http://contrarianinvestoruk.blogspot.com/2010/02/portfolio-update-february-21st-2010.html

Falklands Islands Oil (Falkland Oil and Gas FOGL, Desire Petroleum DES, Borders and Southern Petroleum BOR) Its been an exciting week for the Falklands Oil stocks as Argentina issued a decree that any vessel passing through its waters would need a permit to visit the Falklands which made investors somewhat nervous. On Friday, the Ocean Guardian Rig, contracted by Desire Petroleum arrived on the Liz field in the North Falklands basin and is due to spud this afternoon. I took the opportunity to top up my holding in Desire Petroleum despite some reservations about my significant exposure to the Falklands Oil sector. The risks are significant but the geology of the Falklands basin and oil finds in the previous drilling campaign by Shell/Lasmo gives more than hope that oil will be found in economic quantities. If the Ocean Guardian Rig does strike it rich then I would expectd Desires share price to be closer to 20 than 1 so the risk/reward ratio still looks enticing despite the strong run up in the Falkland Island Oil shares. Falkland Oil and Gas and Borders and Southern Petroleum have been relatively benign for a couple of weeks now, so a rise in these Southern Basin stocks would be expected on any news from the Northern Basin drilling campaign.

http://www.desirepetroleumshares.co.uk/latest-related-news/123-channel-4-news-reports-on-the-ocean-guardian

CH4 news last night

20.....in your dreams, this will never compare to Cairn energy discovery.

Balerboy....what do you know,on one drill if Liz and Pam are a gusher adds 11 a share.

http://news.bbc.co.uk/1/hi/world/americas/8527307.stm

Drilling for oil set to start off the Falkland Islands

will wait with baited breath..:))
edit, explain where this great wealth of oil is going to be exported to and how?

In an attempt to determine the immediate SP of DES during the next week or two, there's certainly room for a rise to 170p. Just an uneducated guess )

If you know any thing about this share then you would no the answer to that question!!!!!

You better get reading and catch up

If you know any thing about this share then you would no the answer to that question!!!!!

You better get reading and catch up

cheap cop out marky

BB - yours is a bit of a dozy Q it must be said ..... firstly of course, it will be 3/4/5 years from date of discovery (if!!!) until everything comes on stream ... as for markets - doh!! .... and for moving the oil to a refinery, i would expect a pipeline to be constructed - but of course all this will have been worked out in advance, at least in principle

we'll see, still think to compare to cairn is crap. if it's 3/4/5 years then why is it being ramped by you now. A max of 2 at the mo.

The way to play this : would be pump up the sp to 200p plus and sell, then the company comes up with a dry well...short big time....sp crashes...2nd well, go long....a strike...sp rockets....then short....3rd well, go long ..sell at the top, then short...it turns out to be a duster....and so forth......masterly non ?...

primarily because lemmings get carried away with excitement, but also because once (if!!) a company has found oil, it's not only future money in the bank, but it also enhances its desirability to predators, to make a rather bad pun

Now, what was that mobile number of that friend of mine that works on the rig....?...euuhh ..sat-phone...quite handy in these situations...