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

cynic glad you like our idea of shorting with a guaranteed stop but as we stated in 3842 only if you can get one, DES is likely to move up or down swiftly and violently as soon as drilling results are known, if like us you are long then try to get as much protection as possible.(by the way IG won't do it.) The question of the cost of controlled risk premium is relevant where a sp is likely to be less volatile than expected in this case.

marky we hope you are right!

my holding is sufficient if lots of oil is found, and not so large that i'll jump off a bridge if this first well is a dud .... after the result is announced (RF - don't be so silly! ... an rns will be obligatory), a new game will start

halifax - no one but no one is going to offer a modest enough premium for a guaranteed stop to make such an exercise worthwhile.

Mr.C ..The Albert Bridge perhaps ? Then i wont have too far to walk and watch with glee.,,,,,,.:-)) ..,,,and in full colourful golfing attire/ uniform if you would; thearby maximising visibility for the multitudes of observers. :-)) ..........Marky- Hopefully you walk away with a sackfull of crisp 50,s old bean - lts been a long patient wait for you personally. By my calcs you must have at least been in since 2004 (> A Simple notion > ....even if first well is non commercial and s/p is given a right larruping DES simply move onto next well and as mr.c states a new game will start and PERHAPS with reward ratio being so high momentum will carry it back to current anticapatory level.. lts certainly not a one trick pony .................

TFC never mind the BS most of us are concerned about how the sp will behave up to and after the news of results of the first well drilled..... we hope we won't be well drilled!

While not being a holder in DES i do have a floatation priced position in FOGL and am therefore indirectly effected ........Come on Now !!.... YOU MUST know how s/p will behave lNITIALLY, and i underscore the word INITIALLY, if first well is a duster/ non viable when the stop losses and lemmings come into play and mms come into their own !!!... ! sincerely hope, of course, it wont be neg, news..... But if it is you must know - commercial payload and it doubles/ A duster and what with typical market over-reaction ,it could easily halve ( Prob be a decent entry point -only jesting ). DES has never been an easy ride.Whether it be a single year or 10 year chart its like a a map of the himalayas

TheFrenchConnection i became a share holder back in 1998....

Marky, I am sure others have mentioned it in previous posts & I am not trying to preach to you, but you are extremely exposed to losing much of your substantial profit if the first one is a duster, regardless of subsequent drilling & testing. Having been the premier researcher here & probably most loyal shareholder, it would be a real shame to lose your 'life changing profit'.

Harry hes a big boy leave him alone.

Nothing personal but you did this once to me aswell.

If its a duster its a bleeding duster........ fair does.

Your a good chap but you get overly concerned with others well being. Please drop it.

cheers.

Bet cyners has a double on here.

He knows what I mean.

At this stage its probably better to be in RKH. They are the next ones drilling.

Therefore, success at DES will have big upside on sentiment for RKH, however, RKH although it will fall on DES failure, will then become the focus of the next drill in its own right.

Therefore, for a less risky play, certainly RKH is now the one, less upside but also less downside on DES success/failure.......and then of course its own drill is next up.

IMO.

Well worked out Proselenes......2 targets at the moment with the same drillbit, if the first target is no good, there might not be any rns until the second target 500m or so later is reached.....very tricky to play this.....I would not do cfd's or spreads on this....I have some shares and will have to bite the bullet for a few weeks in the event of a "hydrocarbon no-show".....I will not sell however tempting it might be and wait for the next well to be spudded.

Gf, if he's a bog boy, let him answer for himself.

ok will do. he needs a bit of protection though sometimes.

RF - from where do you get this delusion? ...... DES have a statutory obligation to declare anything that might have a material effect on sp ..... apart from anything else, a news blackout on phase 1 results, followed by an inevitable timelag until phase 2 completion, would be a dead giveaway that phase 1 was a dud

I presume that between hitting target 1 and the target 2 : there will be very little time as drilling is to be pretty quick compared to drilling elsewhere in the world....so I think it's possible that they might wait until the well is completed before announcing results. I hope that we find out within the next week if the first lot is ok (Liz)....but you never know....look at Tullow Oil...dragging their feet on Likonde results....

Guy on iii claims good news and posting tomorrow A.M.
Another guy claims his step-son is going to the OG on 1st April TO WELL TEST !!!! - hence my analogy with well 14/10-1 - we're probably a lot further down than what a lot of people realise.....

hey ho .... keep thinking (is that the right word?) whatever you like; it will not affect sp one way or the other .... trust you aren't holding SOLO as well or you could end up getting a swimming pool, not just a bath

wat post on iii oily?

oily - Is he the same guy in iii that said TRP had 4 intervals of oil to test at Aviv-1 or has he changed his name to something else this time?

The well tester is either a liar or he is insider dealing take your pick

Beware of these prophets, they have their own agenda.