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

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)

Blame wife's spelling for that one....i did query it with the one that knows all!! lol

sales to fund option nowt more

RNS Number : 4982H
Desire Petroleum PLC
22 February 2010



For immediate release
22 February 2010








Desire Petroleum plc



("Desire" or "the Company")



Liz 14/19-A Exploration Well Spud



Desire Petroleum PLC (AIM:DES) the oil and gas exploration company wholly focussed on the North Falkland Basin, is pleased to announce that, following the arrival of the Ocean Guardian in Falklands waters on 19 February 2010, the Liz 14 /19-A exploration well was spudded at 14.15 hours (GMT) on 22 February 2010.



The well is being drilled to an estimated target depth of circa 3,500 metres. Drilling operations are expected to take approximately 30 days and a further announcement will be made once drilling is completed.



For further information please contact:



Desire Petroleum plc
020 7436 0423

Stephen Phipps, Chairman



Dr Ian Duncan, Chief Executive Officer








Seymour Pierce Limited
020 7107 8000

Jonathan Wright



Christopher Wren








Buchanan Communications
020 7466 5000

Tim Thompson

Chris McMahon

Ben Willey

If they are going to 3500 metres then it looks like they will be drilling into Beth as well ? Two birds with one stone. Nice.


http://www.desireplc.co.uk/pdfs/figure-generalised-stratigraphy.pdf

cheers gibby Bloody FT reported charman as selling 2,100,000 which acc to you holders was merely an option being ecercised ..l hate that paper :-) cheers eveyone......good luck ...........water to cold for me to get involved here albeit i do own FOGL/ since floatation ..,,,,

meanwhile, some hefty profit-taking - sp now 114 mid after a high of about 128 earlier

including you i hope cynic....

have never had a huge holding .... in fact have just this sec topped up at 112.5, which with retrospect i see was just a smidge above 25 dma

ON August 14 1592. First recorded sighting THE FALKLANDS ISLANDS, by English sea captain John Davis in the ship 'Desire'.

Did you not know. Thats the reason the company DES is thus called, ,,ln addition vol of shares traded in relatively small tranches of 10,000 t0 50,000 in the last five minutes of trading was quite phenomanol.....

buying or selling out of curiosity, or were they fairly evenly matched?

I also reckon that some people have sold because of the 30 day rule in cgt hoping to come back in just before drilling results, of course those trading in a sipp will not be affected, nor our overseas friends....but I think that the sp could hit 150p a week or so before.....this drilling will carry on for the next 2 years at least...what fun in store !.....expect a rebound tomorrow ...

http://www.telegraph.co.uk/news/worldnews/southamerica/falklandislands/7293036/Oil-drilling-begins-off-Falkland-Islands.html

Oil drilling begins off Falkland Islands
Oil exploration has begun off the Falklands after a British rig arrived amid protests from Argentina.

Possibly a rebound tomorrow, but then 30 days of.......nothing, so would expect the sp to drift in the meantime.