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

Not a very good end to the day...sp wise....very volatile in a small trading range, it seems.

just a little snippet from Business Digest (TImes?) via Reuters ...
BET OF THE DAY
Shares in Desire Petroleum have risen by around 15 per cent this week to 102 pence on rumours that the oil exploration company will on Friday say that it has struck oil under the seas around the Falkland Islands. Further gains in the share price are expected with Spreadex currently offering a rolling spread of 101.7 pence-103.3 pence for the shares.

Royal Navy attack submarine sent to Falklands as British drillers 'get close to oil'

Last updated at 7:43 AM on 17th March 2010

A Royal Navy attack submarine has been sent to the Falkands to boost security as speculation mounts that drillers have found oil there, it was revealed today.
HMS Sceptre, a Swiftsure-class nuclear-powered submarine, has been sent to the Islands from southern Africa, say sources.

It is hoped that the presence of the 5,000-tonne submarine will make Argentina think twice about laying serious claims to the British islands.

The vessel is equipped with Spearfish anti-ship torpedoes and took three weeks to reach the Falklands.

A source told The Sun newspaper: 'It has state-of-the-art listening sensors and will be monitoring all ship movements in the area.'
It was expected, they said, that the presence of the sub would 'strike fear into the hearts of any possible enemy'.

Details of Sceptre's presence in the waters around the Falkland Islands came as speculation mounted that British firm Desire Petroleum has struck oil.
It is expected to announce next week whether it has had success.

Experts claim there could be as much as 60 billion barrels of crude oil under Falkland's waters. There are already two Navy vessels in the area. HMS York, a Type 42 destroyer, is partolling off the island's capital of Port Stanley.
HMS Scott, a survey vessel, is also nearby and the fleet has air support from a squadron of RAF Typhoon fighter jets based on the islands.

The submarine, which was built in 1978, is 82 metres long and is equipped with sonar, attack and search periscopes, collision avoidance radar and electronic warfare. In addition, she has five torpedo tubes capable of firing the Spearfish.

Argentina has renewed claims in recent weeks that Britain is illegally occupying the islands. Last Wednesday, protesters carrying petrol bombs were stopped by police as they tried to storm the British Embassy in Buenos Aires.

http://www.dailymail.co.uk/news/article-1258531/Falkland-Islands-oil-row-Navy-attack-submarine-HMS-Sceptre-dispatched.html

Royal Navy attack submarine sent to Falklands as British drillers 'get close to oil'By Daily Mail Reporter
Last updated at 8:40 AM on 17th March 2010

lol - i read that as Royal Navy attack submarine sent to Falklands .... good clear journalism precipitates red alert and immediate closure of British Embassy in Buenos Aires!

THINGS SURELY HOTTING UP, can't be long for news to break

http://e24.no/boers-og-finans/article3535041.ece

Its no suprise as i submitted this link on the 24.02.10 and back then Keith said" We send a "destroyer", four "Euro-fighters" and a submarine are also on the way,

This has all been run along with HMG and am sure the RNS saying we have hit oil Will have to be past through them first untill we read it.

good point marky.....the political implications are quite huge so going overt with the navy top cover would no doubt add something to the atmosphere of a successful drill programme.....popeye's to the rescue....

They had V.I.P flown to the rig yesterday......plenty of good Pics and PR ....now would the V.I.P have pics taken if Liz is a flop?.....tick tock tick tock!!!

marky which VIP?

depends if it was someone they would rather throw off the side

Paul Martinez, from the Foreign and Commonwealth Office was in charge of a party of V.I.Ps which made a vist to the OG Yesterday.

cynic perhaps they are having roast pork (very impressive pig) for lunch on sunday to celebrate.

That looks like a 'solidarity' statement from the FCO & has no bearing on imminent results, imo.

let's hope it's neither pig nor dog

http://www.thisislondon.co.uk/standard/article-23816110-argentina-gets-tough-on-falkland-islands-firms.do

More chucking the dummy out......strange how they let BP drill in there waters!

Rumour has it there will be an rns tomorrow or friday

Time to load up fully now.

Nope. Should have done it a while ago, sub 100p.

i reckon short odds on rns after close on friday, good or bad