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

hlyeo98 - 11 Mar 2010 19:27 - 3932 of 3980
Sell DES at all costs... it will be sinking like the Titanic!

and

hlyeo98 - 15 Mar 2010 09:42 - 3975 of 3980
Bought some DES at 101p this morning.

I was drunk both times, pth.

fear of missing the boat, l guess

The rumour mill is in overdrive.......... Its looking good with news on the jungle drums to myself but untill we get a RNS its just rumour.

The last sentence is the only bit of their report from the Indy today which says anything constructive, but even then they have contradicted themselves:
"It could all kick off in the Falkland Islands at the end of this week.
No, were not talking about another military scrap over the islands sovereignty, as in 1982, but according to sources, Thursday or Friday is the first time that the Aim-listed Desire Petroleum could announce that it has found oil in the territorial seas to the north of the Falklands.
The groups exploratory drilling has caused one huge diplomatic spat between Argentina, which claims ownership of the islands, and the UK. Desire has been unusually quiet about the drilling programme, largely because it wants to keep its head below the parapet. However, if the drilling has gone as well as the company dared to believe, we should all learn about it soon. Analysts expect that, realistically, it could take another couple of weeks for the group to tell the market how it has got on."

http://www.thisislondon.co.uk/standard-business/article-23815355-rbs-leads-the-way-as-brokers-buy-into-stephen-hesters-happy-talk.do

"Also on the move were the small cap Falkland Islands stocks lately in the news for diplomatic reasons. A report that Desire Petroleum has struck oil sent the stock up 4.5p to 97.7p."

Big support around the pound level, and you get the feeling that the sp could make 120p by the end of week...might not stay there but a spike up to that level is a big possibility with all sorts of rumours running aroung.....just hoping they're not tumours....

http://uk.reuters.com/article/idUKLDE62E1EN20100315

STOCKS NEWS EUROPE-Falkland explorers up; oil strike talk

Shares in small cap oil explorers Desire Petroleum (DES.L), Rockhopper Exploration (RKH.L) and Falklands Oil & Gas (FOGL.L) move higher on talk that Desire could this week announce an oil discovery.
Desire gains 8.9 percent, while Rockhopper shares are up 11 percent, and Falklands oil & Gas take on 2.2 percent.

The Independent newspaper's Small Talk column says that, according to sources, Aim-listed Desire could announce that it has found oil in the seas north of the Falklands Islands on Thursday or Friday.

One trader points out that while investors are hoping for some news soon, with Desire having commenced drilling three weeks ago on February 22, no-one is holding their breath just yet.

i would heave said everyone is now holding their breath!

Well level 2 looks like she is going to blow....i have my rocket picture at the ready

when the news come out, it had sure better be good or there will be much gnashing of teeth + sackcloth and ashes

http://www.newstatesman.com/international-politics/2010/03/british-argentina-oil

The islands of black gold

Why the Falklands must remain British
Gerald Kaufman

Published 15 March 2010

Hillary Clinton would be advised to keep her mouth shut.

Who cares about the Falkland Islands? Why would anyone get worked up about this scattered archipelago in the South Atlantic, far from any mainland and mostly uninhabited, with sheep vastly outnumbering human beings?

Yet, once again, Argentina's government has become agitated about the British allegiance of those human beings, following news that a British company has begun exploring for oil in waters that are within the Falkland Islands' sovereign territory. Maybe cupidity is the source of this latest Argentinian bombast, as it is speculated that any oil find might be comparable in capacity to a typical Saudi oilfield.

The Argentinians have paraded their claim over the Falklands for many decades. They really do have a cheek. The islands are hundreds of miles from the coast of mainland South America and cannot be regarded as an integral part of Argentina in the way that the Chilean islands are obviously part of Chile. When the first British colonisers turned up, they settled on islands that were uninhabited. Yet the Argentinians go on belly-aching.

Thirty years ago, it seemed that their campaign to grab the Falklands was going to succeed. In 1980, Margaret Thatcher sent Nicholas Ridley, her minister of state at the Foreign Office, to the islands to try to persuade the locals that they should accept Argentinian suzerainty. The locals would have none of it.

When he returned to London, however, the customarily indolent and habitually chain-smoking Ridley - "No in tray; no out tray; just an ashtray" was Gordon Brown's verdict on him - advocated the handover of sovereignty to Argentina, with the smokescreen of a temporary leaseback arrangement. Not one MP supported such a scheme. Peter Shore, Labour's staunchly patriotic shadow foreign secretary, was especially condemnatory.

Yet the Thatcher government continued to send out signals to the Argentinians that the Falklands were theirs for the asking. In 1982, it announced that the HMS Endurance would be withdrawn from the South Atlantic. Argentina took the hint and invaded. A two-month war, in which 255 British servicemen were killed, was necessary to retake the islands.

Why should British socialists get worked up about these windswept rocks and their 3,000 residents? Surely we should oppose any manifestations of the survival of colonialism? British socialists advocate self-determination. Mostly, self-determination will result in independent statehood, as in the case of Malta, where sovereignty was ceded peacefully, or of Cyprus, where armed conflict preceded independence.

The Foreign Office has long regarded such territories as irritating anomalies, which muddle Britain's relationships with the more powerful countries that wish to annex them. It has done its best to persuade ministers to get rid of them. Even a Labour secretary of state, Jack Straw, became convinced that Gibraltar, with its 28,000 inhabitants, should be shuffled off to Spain. The people of Gibraltar, however, were determined to remain British. In a referendum in 2002, more than 90 per cent rejected a proposal of shared sovereignty and the vote ended moves towards a Spanish-ruled Gibraltar.

A more shameful episode, in which Foreign Office mandarins got their way, was the handover of Hong Kong to China. The decision was made without cavil, when determined negotiation could have yielded a preferable outcome. I was present at the handover in 1997, and felt shame when Chinese troops goose-stepped on to the stage to hoist their flag.

Now Argentina is at it once again. On 1 March, Hillary Clinton visited Buenos Aires and, cosying up to her fellow dynastic politician, the current president of Argentina, Cristina Ferndez de Kirchner, joined her in advocating that the Falklands issue be referred to the United Nations decolonisation committee. In view of her failure to chalk up any noticeable achievement in her 14 months as US secretary of state, Clinton might be better advised to keep her mouth shut - or, if she must get in a tizzy about something, try harder to achieve a peaceful settlement between the Israelis and Palestinians.

It might be thought that the current US administration, with its half-baked health-care scheme stranded in Congress, with the Guantanamo Bay torture centre still operating despite a pledge to close it down, and with other election commitments, such as ending discrimination agains gay men and lesbians in the armed forces, still unfulfilled since that proud inauguration day, should have other issues on its collective mind than whether an assemblage of islanders should be turned over, against their will, to a foreign power that would interfere with their current freedoms.

What about Puerto Rico, President Obama, over 1,000 miles away from Florida? What about Hawaii, twice as many miles away from California?
There is no Falklands issue, and those islands are no business of the UN decolonisation committee. In the Commons on 3 March, I put a question to Harriet Harman, who was standing in for the Prime Minister, about the Falklands and she replied staunchly, upholding this government's loyalty to the islands and determination to uphold their people's wishes. End of story, President Kirchner. And sucks-boo to you, Secretary Clinton.

Market Report in the Financial Times tomorrow.
http://www.ft.com/cms/s/0/1ea621ea-300f-11df-8734-00144feabdc0,s01=1.html
Desire Petroleum added 10.5 per cent to 103p amid rumours that the Falklands Islands explorer had sent for sampling, oil found at its Liz prospect. That talk also lifted partner Rockhopper Exploration, which rose 10 per cent to 55.25p.

http://business.timesonline.co.uk/tol/business/markets/article7063233.ece
Also mentioned in The Times.

http://www.telegraph.co.uk/finance/newsbysector/epic/ftse100/7450578/Eurasian-and-fellow-miners-weigh-on-FTSE-100.html
Also mentioned in The Telegraph.

http://energy.pressandjournal.co.uk/Article.aspx/1647522?UserKey=
Also mentined in the Aberdeen Press and Journal.

TFC
seems your post 3983 may have fallen on stoney ground, so, just to let you know, it didnt.
regards
jkd

Starting to climb...you see : it just has to go up ahead of the rns...at the moment it's too low with such potential in this and new buyers jumping in !.

required field that sounds like a blatant ramp!!!

Level 2 looks interesting as there are no MM in the picture at moment, a little resistance up to 1.09p then nothing much on the books at present of any substance.

They should be Drilling in to Beth at Present