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

All gas and gaiters, TFC has only stated what we all know but some refuse to believe....

All gas and gaiters derek Nimmo.. lol.

:-) nice one BB. Havent a clue what you mean but it sounds funny -...One needs a sense of humour to stay in this game ........Of all of lifes little ironies can you believe this . Out of the blue I met a guy today who works as a fitter doing agency work - most recently for a Dutch oil company.-and while he knew the oil industry inside out he knew absolutely nothing about the dynamics of the industrys shares . But what a source of info . l had to laugh as here he was quite innocently waffling away without realising the implications of what he was saying. Namely ALL the WORK on offer from his agency is in the Falklands at very top dollar/ says something very big has already happened out there and his agency along with a number of others are recruiting on a truly massive scale offering long term contracts - everything from riggers and the usual rig make up to geologists, marine biologists , civil and petrochemical engineers ,architects,house builders, surveyors ground workers,administrative staff to Caterers and security personel and every trade known from plumbers to joiners to ...well...- the entire package ;..............All i can say is that i left him feeling quite exited / and without a doubt in the world hydrocarbons are present in a big way but as is often the case with big money- politics has reared its ugly head and is dictating state of play..........noses to the trough and all that ...................................form an orderly quee please...!! ,,,,,,,

also had juste completed work fitting a turbine for a coal fired plant in Angelsy off coast of West Wales,,,Both coal and nuclear making a big comeback in next 10 years ,,,plans are in pipeline to add a second plant at Capenhurst, and another at Dungerness/ seven new gas/coal/nuclear generators to be built before 2025

so are you pulling on your buying boots for falklands oilies on tuesday?

As nobody has said it !. Happy Easter all...and may the Falkland oilies make us rich....

Hmm..... Sounds like the triumph of hope over expectation.

I'm with you Harry, i suppose they got to try to get the sp up some how...

http://sharecrazy.com/beta/tip_of_the_week/3311/video-tip-of-the-week-sell-desire-petroleum

This tip was given when at 107p i.e. when well was spudded!!!

26th Feb that article Aldwickk, did you just wake up from hibernation ? LOL


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And you sold all your DES , on the 26th Feb.?

Oil is rising rapidly....should send some producers-explorers much higher this week...plus the rig will be moving so RKH shares should rise....

Oil $86 and heading to $100 in the next 6 weeks.

if they don't find oil, it matters not if oil is $6 or $186, and indeed, it does not make any direct difference even if oil is found as it'll still be 3/5 years before it comes on steam

Oil now $87.

one variable that still slightly bothers/ baffles me is why did the CEO dispose of over 200,000 shares at a median of 98.4p a mere 4 days before the arrival of the rig . Whilst there may be several valid reasons as to why he disposed of this holding ,which while it is relatively small , can hardly be construed as an endorsement. Can it ?......Or is he as much in the dark as the rest of us ? ...............With hindsight it was a shrewd move considering the stock is now 50.50p......

Maybe for end of year personel tax reason's ?

rationalising! ..... that said, it's just as easy to read something sinister into the move ..... TFC has enough experience to know that the windows allowing directors to change their holdings are pretty limited, so have sold when drilling was already under way would have been severely frowned upon (i think)

It's the percentage of the holding...that's whay you have to go by....if it was just 5%....so what...if it was 50%...not so good.