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

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...

and IF only a few poultry barrels of oil...it sits at the same level and you wait for that flying pig to come over...

Another brick in the wall......

Pink Floyd !.

B or P not me lol might well be cynic.

There you go +10p....

It's like an auction.....10p from the lady at the front...11p anybody ? 11p..thank you from the gentleman at the back....12p...now from a telephone bid...

I am not holding but considering buying,does anyone think the Argies could get involved as they do not sound very happy.
If they did, with our troops tied up in Iraq and Afgan what could we do?

The argies are getting on my nerves.....and please don't mention a certain handball......ahgghh !, now that's done it....

at least you poultry barrel might have wings, assuming it does not commit a fowl

Clear as mud,any straight answers will do,or am I thick

my previous comment was for BB

are you being thick?
no, just silly

strong buy recommended...

http://uk.reuters.com/business/quotes/quote?symbol=DES.L

Well, I now have DES, RKH, AEX, AST in my oilie folio.

Weighting is more to AEX, second is DES, then AST and now building RKH too.

All good fun.

notice 3 directors inc both c/ man and ceo dumped a few million { approx 4.5 million }.Was this an outright sell ? or an option to sell being closed. Whatever the situation - and with 3 directors selling- it wouldnt bolster any confidence i may have had if i held a position . l held these a few years ago at the 25p/ 30p level. Wish id kept them but preffered FOG and im not an investor as such -i prefer a quick in and out trading situ.. But i strongly believe oil will EVENTUALLY Be found in commercial amounts . good luck et al

wasn't that sale 7/10 days ago or even more?

Be it yesterday ,the day before or last week- Does it really matter . ? THEY sold @ 98p ..Was in FT dated ,,yup ,,,11th ........

merely observing that it had already been noted in the markets and sp "adjusted" accordingly - in fact, though sp was depressed for a few days, it just gave a buying opportunity for those who wanted it

Well I'm not a bit worried with regard to the director sales. The sales were in relation to options :-

"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.

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

Perhaps they sold at that price/time because they were worried that the Ocean Guardian would be impounded/sunk before it reached it's drill position. ;o)