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

avsec - 06 May 2010 21:57 - 4403 of 4404 ....R U saying there that the Yanks have drilled a test Oil Well on Anvers island????!!!...Presume this was based out of Palmer Station if it ever happened?

No it wasn't the Yanks - they practiced drilling through a glacier to prove it was possible to drill through moving ice.
The French were on Anvers Island IIRC. I can always look back through diaries.

avsec...I have been to Anvers Island and enjoyed the tremendous hospitality of the Yanks at Palmer Station and find your suggestion of the Frogs drilling an Oil Well there, very hard to believe.

Desire rocketing now.....quite incredible days...

only on the back of rkh and thats now retreating so will des..

Balerboy on level 2 the buy book is double to sells which only means one thing.

too much hot money in here here for an old campaigner like myself ,,...l am an old fashioned percentages player ,,,bought back heavily @ 44p and sold at 54p and back in again at 58p and selling now at 93p,,,,,,im not a greedy m/fooker lookin to hit this one over the fence ...Reg. DES ,,,,,literally years b/fore any payload ...or come to that a wait until Q3 until spudding even- let alone a strike ......so ill await typical market fatigue and look to take a long term position at a later date. .......edit > Have a notion DES will return to lnitial PRE drilling s/p trading between 110p/110p parameters

roly - a reason for everything my old mate -dissappearing is my forte ...-hoping you understand ....im not ignoring you / spooks and regs on my case ..- juste survived FSA enquirry and face a naked shorting case next on dual listed berlin/bremen and LSE stock- ya know the typical route for bank holiday short sellers ..../ my ass always in hot seat ./ innocent as always !!!!. ...........dont want any guilt by association so dare not e-mail anyone.............avsec - You are quite correct .-we French spent a long time recogging Anvers well before yankee F$$K UPS arrived

Frogman - so the regs are chasing you are they ..... silly boy and trust you are squeaky clean ..... i don't happen to agree with re DES .... there is now proven commercial oil in the region and DES have fingers in several pies, so i reckon the risk/reward is pretty good

Hang on....commercial needs a flow test....not yet done...oil but not truly proven until flow for at least a few hours....but at a guess I'd say Rockhoppers discovery is large enough....it's the rest of the area that all is still in the dark except for their gas discovery....stock now valued towards level with GKP....a little high perhaps ?...

Amazing...this sp is rising in tandem with RKH....one goes up a few pennies or down and the other follows suit..

chav
Just getting the log book and maps out....I too have enjoyed the warmth of Palmer on a number of occasions and perhaps I'm one of few that can say I've flown in there under my own control ... that's another story. Just been skyping the current Palmer commander for this winter who is a close friend.

Sorry Chav My mistake - brain fart!
It was Snow Hill Island which is next to Seymour Island and the Argentine base of Marambio (great asado there!) It was December 1980. We were bouncing around the Weddell crunching ice and it was then I flew geomorphologists around James Ross islands collecting fossils to prove some theories on carbon fuels. I've still got the bi-valve I stubbed my toe on!

avsec...are you ex Endurance then?....Marambio would have still been in Brit hands in 1980 and called Faraday Base

Ok understand TFC , will i have to wait untill the book comes out for the full story ? hope you haven't been using any of the spooks money for your dealings...

Chav
Faraday certainly was British but nowhere near Marambio!

I think you will find that Faraday was on the other side of the Peninsula on the Argentine Islands with a red British phone box on an adjacent island.

My turn to get it wrong!..farday was given to Ukraine after the Brits finished with it...fantastic spot especially when going through Kodak crack past Anvers Island. Only been around James Ross Island once and very nice, like most of the Antarctic. So are you ex Endurance then avsec as not many folk fly around those parts?

Guilty as charged - an old IPM!

Whats an "old IPM"?

Ice Patrol Man - a name used by those who sailed in the Red Plum!

....and what took you to the Far South?