<>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
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 ?...
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!
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...
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?
come on guys ..... your private conversations are getting pretty dull and tiresome for the rest of us ...... very politely, if you want to continue them, please can you conduct same elsewhere