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Desire Petroleum are drilling in Falklands (DES)     

markymar - 03 Dec 2003 11:36

free hit countersDesire 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

oily1 - 04 Mar 2010 08:07 - 3814 of 6492

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

required field - 04 Mar 2010 09:18 - 3815 of 6492

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

robstuff - 04 Mar 2010 16:27 - 3816 of 6492

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

dealerdear - 04 Mar 2010 16:33 - 3817 of 6492

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.

markymar - 04 Mar 2010 16:39 - 3818 of 6492

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.

dealerdear - 04 Mar 2010 16:47 - 3819 of 6492

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

markymar - 04 Mar 2010 16:54 - 3820 of 6492

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

cynic - 04 Mar 2010 17:00 - 3821 of 6492

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%

halifax - 04 Mar 2010 17:08 - 3822 of 6492

cynic so do you have long and a short positions?

required field - 04 Mar 2010 20:22 - 3823 of 6492

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

cynic - 05 Mar 2010 06:53 - 3824 of 6492

long haul i only ever travel at the sharp end

markymar - 05 Mar 2010 08:07 - 3825 of 6492

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.

required field - 05 Mar 2010 08:14 - 3826 of 6492

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

robstuff - 05 Mar 2010 09:10 - 3827 of 6492

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.

markymar - 05 Mar 2010 11:09 - 3828 of 6492

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!!!!!!

halifax - 05 Mar 2010 12:24 - 3829 of 6492

presumably news from the Ocean Guardian is still negative.

markymar - 05 Mar 2010 12:38 - 3830 of 6492

The only negative is you Halifax,every thing on the OG is going to plan....so dont worry your little cotton socks.

robstuff - 05 Mar 2010 13:23 - 3831 of 6492

no news good news? for now anyway but must be getting close (another 10days max)

cynic - 05 Mar 2010 13:35 - 3832 of 6492

no news is no news for none expected just yet

halifax - 05 Mar 2010 14:13 - 3833 of 6492

no doubt those working on OG will be keeping thir friends infomed so no news means no oil/gas.
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