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

up 12% today but must get past this 16p mark if get to 17p i think it will carry on riseing

RNS Number:3833X
Desire Petroleum PLC
06 April 2004


DESIRE PETROLEUM PLC

("Desire")

Seismic Survey Update


The 3D seismic survey over Tranches C and D in the North Falklands Basin has
been successfully completed.

In total, just over 804 square kilometres of 3D seismic were acquired and
initial indications are that it is of very good quality. Preliminary tests,
carried out by Robertson Research International Ltd., who will carry out the
detailed processing of the data, do not suggest that there are likely to be any
significant factors which would complicate processing. However, this is a very
substantial volume of data and processing will take upwards of six months to
complete before detailed interpretation can begin.

A number of companies have expressed interest in Desire's Licences and have
signed confidentiality agreements with respect to the data. Discussions with
thesecompanies will be progressed during the period required for processing and
interpretation of the 3D survey.

For more information contact:

Dr Colin Phipps 01684 892242

Dr Ian Duncan 01684 568415

Do you think if we all panic, we can drive the price ....lower...

ITS A BUY WITH THAT NEWS its just people selling who can not wait 6 months, a lot can happen in that 6 month period.

are MMs playing darty?

Well, no big shock at the length of time it's going to take to process the 3-D survey. Four months, six months - what the hell, we've waited long enough, a few more months won't make any difference. Drilling by Q4/04 or Q1/05.

what happened to block F ,oily as i have great respect for your knowledge on this subject do you think it will be less than 6 months as they have had some of the data for months and this could of being read already and do you think we will see one farm in partner or can you see more than one diffrent farm in partner on diffrent tranchers drilling.

I really don't know, Marky. As ever in the oil industry there are behind the scenes 'need to know basis' type stuff going on - and quite basically we don't need to know just yet............I'm sure 'F' was bombed too, we'll know soon enough in Desire's Annual Report.

cheers oily

the news released confirms to me that this is a potential 10x bagger, but it won`t be overnight as some seem to think, or expect. solid growth takes time and unless you are extremely lucky you don`t make mills in a few weeks. I`m in for more.
good luck and bestest

This is the best chance for a 10 bagger all year IMHO but it will take all year to achieve, I think yesterdays reaction to what is good news is a result of short termers. DES probably wouldn't be talking to third partyies unless they were pretty sure of the results. In which case you can assume that they have found the right type of oil and this cojmpany is worth significantly more than its current market cap.

In a recent interview with phipps on wall street reporter he said if 2 of the tranchers were on land they would be taking the oil out now....fact.

Is this stock not history repeating itself. Last time they did the survey, they even found oil, but not in commercial quantities. Extracting oil from the sea bed is many times more expensive than from land strikes.

Get a grip on reality this is going no where until 6 months hence, and even then there will be so many if's or but's, not least the political situation (Falklands Basin which a certain South American country has claims too).

Anyone remember the exploration fiasco last time out and then more fiasco when Cambridge Mineral found diamonds of a quality and quantity akin to South Africa, oh yes,not!

Perhaps those investors who are gambling on a rise in share price should take a note of this:

Post-Drilling Analysis of the North Falkland Basin

- Part 2: The Petroleum System and Future Prospects

P. C. Richards* and B. V. Hillier**

*British Geological Survey, West Mains Road, Edinburgh, EH9 3LA, Scotland

**Shell Production and Development Ltd (Falklands Branch), Shell Centre, London

Correspondence to p.richards@bgs.ac.uk

Manuscript of paper published in Journal of Petroleum Geology, vol 23(3), pp 273-292

Six wells were drilled in the North Falkland Basin in 1998. Five of these wells recorded oil shows,
and up to 32% gas was also recorded in mud returns to the rig floor. However, none of the wells
encountered commercially viable petroleum accumulations.



A mug and his money is easily parted.

Aww, c'mon, Stuckinrut, play fair !

You could at least give the full account of the post-drilling analysis from 1998.

OK, tell ya what, I'll give the link for you. Helluva deal, eh ! ;)

http://www.desireplc.co.uk/pdfs/journalpart2.pdf

Geo Pacific finishes seismic survey for Desire Petroleum

SEISMIC vessel Geo Pacific has completed its 3D survey in the North Falkland Basin on behalf of Desire Petroleum PLC.
A meeting of the Mineral Resources Committee heard yesterday that the vessel arrived in the survey area, Tranches F, C and D on January 20, 2004 and did not encounter many delays, apart from some kelp catching on streamers.
The vessel and her chase boat Thor Supporter made two crew changes in Stanley during the survey.
Desire Petroleum says it will be several months before the data will be processed and interpreted. The company will be seeking partners to initiate a second drilling campaign in due course.
Also discussed at the meeting was the aeromagnetic survey being carried out over the Islands. The aeromagnetic survey over much of East and West Falklands began in the week beginning March 22.
The Cessna 400 aircraft of Fugro Airborne Surveys NV is contracted to Falkland Minerals Limited to acquire data comprising lines at 1,000 and 500 metre spacing, with an allowance for higher density 250 metre spacing over areas previously considered of interest. Results from the survey are expected to be available in the middle of this year.

So, they did do tranche F as well, Marky. Good research !

cheers oily

this come fly with me all over it

As your name implies Stuckinrut, you certainly will be if you don't get a few of these. There's a huge quantity of oil out there, Fact. It's getting to it, the tricky part and in 98 it wasn't commercially viable but the oil price is now over 3times that level. Falklands war too - remember, I think we stuck our claim firmly in place! and theremay be more reason than national pride, this further data will be miles ahead of the data back in the nineties and there is already talk with major oil companies. This is the most exciting oil prospect this country has and once the majors are aboard DES will no longer be a minnow. Hold fire and best of british to all holders.

well said robstuff a must share to have in your portfolio even if its for the ride.Its pushing all the time to get past the 16p barrier and when it does push through i think we can see it between 20p to 30p in the near future.