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

surely you're not becoming one of those tiresome conspiracy theorists (your post 3808)?

i agree that the odds of finding commercial oil are shorter than usual, but that sure as hell does not mean every well sunk is going to hit a bonanza; there will certainly be dusters and you/we had better hope that DES's first attempt is not one of those ..... like i said, 96 is only o'sold if oil is found

TFC - I read a while back that there are billions of barrels of oil underneath the Rockies, but that the U.S. & Canada were going to sit on it until everyone else had run out. Being a sceptic, I say 'until it's proven, it's only rumour & even then may not be commercially recoverable'. Likewise The Falklands.

lronically i felt you would pick up on that Mr. C so quickly hasten to add that we should not be surprised if the first or second well sunk comes up non viable...- thats the nature of the beast ..Our knowledge of drilling, or come to that , oil in general( both up and downstream ) is insufficient to g/tee success the first time, and/or every time -l feel that very inference is in posting 3808 but you have ignored it to furthur your view ..- but l certainly dont hold any conspiaracy theories. .Only time will tell i guess.

Good post Oily......rumour was that they might be in Liz this weekend if so i would think it will get out as they all have internet on the OG and most of them hold.

Are you in touch with any of 'em, Marky ?

Up we go.....looks like I topped up at the right time !.

could be the weekend, in that case you'd better be sure you're in tomorrow. strong rally tomorrow? i'm hoping

The sp is bound to be shorted and vica versa ie played with until news becomes imminent. FWIW analysts reckon there is a 20% chance of finding oil.

i would like to think the odds are a lot better than 20% after all these years..... a better day and i expect it to race away tom.

The trouble is markymar, what we expect is quite often what we don't get!

very true!!!!!! I have my ticket just in case.

today's rise almost certainly just a bear squeeze ....... finding oil is usually reckoned at 20%, so i would hazard more like 33% or maybe a bit shorter .... ultimately, DES will score or fail (on this well) 100%

cynic so do you have long and a short positions?

Depends if he is at the front or the back of the aircraft !.

long haul i only ever travel at the sharp end

well its racing away today as thought......not a share like it on the stockmarket that has its own mind....intresting times at moment as they should be drilling in to Liz or very near it.......are there oil shows?....the last shell well drilled was free flowing and was capped its a shame it was $10 a barrel back then.

No it isn't !....we would not be drilling it today and I would not have shares in DES.....

I think the chances are much greater 50/50 for me - still a gamble but then there's several holes to drill and only takes one to be a gusher.

I spoke to soon she is going backwards now with more buys to sells.......soooooooooo glad am not a day trader as i would be broke!!

Come on Desire.....get your arse in to gear!!!!!!

presumably news from the Ocean Guardian is still negative.