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Desire Petroleum are drilling in Falklands (DES)     

markymar - 03 Dec 2003 11:36

free hit countersDesire 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

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

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

HARRYCAT - 17 Sep 2010 15:35 - 4531 of 6492

Rf, should have been in both! However, this one is more likely to drop back quickly, imo. My sell should have triggered, so now a waiting game for the dip.

required field - 17 Sep 2010 15:50 - 4532 of 6492

Sold over to RKH.....both flying now....

required field - 17 Sep 2010 16:08 - 4533 of 6492

By jove.....ballistic as well.....nuts....

chav - 17 Sep 2010 16:49 - 4534 of 6492

lol

markymar - 17 Sep 2010 16:53 - 4535 of 6492

Chav did you get the text?

HARRYCAT - 17 Sep 2010 16:56 - 4536 of 6492

(Marky, any chance of a chart in the header of the Argos thread please?)

markymar - 17 Sep 2010 16:58 - 4537 of 6492

Harry will get some thing put up over the weekend if thats ok.i have to get my clogs on and go down my mine to carm down.

chav - 17 Sep 2010 17:03 - 4538 of 6492

Been outside in the sun all morning Marky but shall have a look now....DES outperforming RKH as I predicted...lovely jubbly!

chav - 17 Sep 2010 17:12 - 4539 of 6492

Marky...hadn't heard anything along those lines myself.

markymar - 17 Sep 2010 17:27 - 4540 of 6492

So have you just checked your email as i sent 2 or did you check your mobile as sent 1?

I guess when back we can get the bubbly out no more boxes of tissues.
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