Investors' Room :: Desire Petroleum are drilling in Falklands - MoneyAM - Free Share Prices, Stock Quotes, Charts, News, Level2

markymar - 03 Dec 2003 11:36

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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

markymar - 15 Sep 2010 22:53 - 4514 of 6492

RF stop bleeting on because you dont hold Desire shares any more move on.

Balerboy - 15 Sep 2010 23:03 - 4515 of 6492

hot chocolate and bed for you rf.....

robstuff - 16 Sep 2010 09:45 - 4516 of 6492

the sp will be very volatile over the next few weeks I guess as optimism over the coming drilling and then fear grows of a dry well and so on. I have been holding for donkeys yrs but wouldnt buy right now, wait until result of first well then add imo

required field - 16 Sep 2010 09:48 - 4517 of 6492

Hey !....I can easily come back in and haunt you...hoooo...hoooo......

chav - 16 Sep 2010 15:35 - 4518 of 6492

About time it reached out for 1.30

markymar - 16 Sep 2010 15:41 - 4519 of 6492

Chav you enjoying the sunny weather? still good for the kite flying i see.

chav - 17 Sep 2010 03:11 - 4520 of 6492

Not overly flash for kite flying lately Marky but the sun has been shinning with the odd shower thrown in....not a lot of flesh too put on your bones I'm afraid!

markymar - 17 Sep 2010 08:08 - 4521 of 6492

So i take it the shorts are still in the case!!! you need to bend some ears Chav,am off down the mine to day to see if i can find you some new clogs as they are not clicking the ones you have. clip clop.

required field - 17 Sep 2010 10:16 - 4522 of 6492

Based on so far......this could turn out to be a short....

HARRYCAT - 17 Sep 2010 10:27 - 4523 of 6492

You wish!

cynic - 17 Sep 2010 11:05 - 4524 of 6492

DES's licences relative proximity to RKH's Sea Lion does not convince me to buy, except as a gamble ...... while it is true that DES superficially looks "good value" relative to RKH, there is good reason why it has underperformed - DES has yet to find any oil!

chav - 17 Sep 2010 13:12 - 4525 of 6492

Buy before the news of an oil discovery for max return for your Buck or take the safe option and buy after the news for a much smaller gain....My greed factor makes me a buyer before the news!

required field - 17 Sep 2010 13:19 - 4526 of 6492

Cannot believe this is going to be marked up like RKH might be....but it's looking that way.....and yet...another uncommercial well and this will plunge like Jacques Cousteau...glou...glou...glou...

chav - 17 Sep 2010 15:13 - 4527 of 6492

Surprised that DES haven't broke well past 1.30 yet, given that they got to 1.30 pre Liz and Sealion having an Oil discovery next door to Rachel.

required field - 17 Sep 2010 15:33 - 4528 of 6492

Should be in RKH not DES.....told you so....

cynic - 17 Sep 2010 15:34 - 4529 of 6492

DES was forgotten in the excitement ...... i bought a 75% stake this morning and have just bought more to take stake to 200% ..... though DES hasn't actually got anything at all to it's name, the excitement is almost certain to spill over

cynic - 17 Sep 2010 15:34 - 4530 of 6492