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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

cynic - 21 Sep 2010 07:40 - 4599 of 6492

so have you married money to mouth or are you just talking about it?

required field - 21 Sep 2010 08:11 - 4600 of 6492

Just a small short.....

cynic - 21 Sep 2010 08:13 - 4601 of 6492

with sp currently about 150 and depending how small the position, a fall of 30p is unlikely to pay for a decent night out for you!

required field - 21 Sep 2010 08:21 - 4602 of 6492

Good takeaways in cardboard city.......

Balerboy - 21 Sep 2010 08:53 - 4603 of 6492

think it's going the other way...... sorry rf, don't reckon this is going down.,.

required field - 21 Sep 2010 08:59 - 4604 of 6492

Patience......this no big deal....just a punt.....the well has not spudded yet and we have only just had the Rockhopper effect.....

required field - 21 Sep 2010 09:02 - 4605 of 6492

Is anybody going to be in this later on...?....the risk is huge.....biggest risk of the Falklands campaign so far......

markymar - 21 Sep 2010 09:03 - 4606 of 6492

I would think they should spud some time next week......Wed or Thur, weather permitting and the forcast looks good for the next 5 days.

required field - 21 Sep 2010 09:11 - 4607 of 6492

So results early november.....

markymar - 21 Sep 2010 09:37 - 4608 of 6492

RF i would like to think we should here news around about 19th October onwards but will get a better idea once we have a spud date.

One thing for sure i cant see the OG leaving the FI not now!

iii still down.

chav - 21 Sep 2010 11:11 - 4609 of 6492

The OG should be anchoring over Rachel on the Weekend and spudding early next week.....Expro testing guys should get 4 weeks holiday before their next stint on the OG!

required field - 21 Sep 2010 11:55 - 4610 of 6492

Too risky to be in....the sp will drop like a stone unless there is a commercial discovery.....

cynic - 21 Sep 2010 12:19 - 4611 of 6492

RF .... so is your short still running or have you been closed out?

required field - 21 Sep 2010 12:27 - 4612 of 6492

Still running.....and I believe EK's is as well......has to come down a bit...20p .....would be surprised if it stayed up at this level for the next 6 weeks or so....

cynic - 21 Sep 2010 12:30 - 4613 of 6492

EK shorted DES some time back, and clearly he's keen to see others do the same to lessen his running loss

frankly, to bet on sp dropping just 20p is lousy risk/reward with this one

required field - 21 Sep 2010 12:37 - 4614 of 6492

It doesn't look good I have to say.....if it gets too out of hand I shall close it....I'll just give it a bit longer...

required field - 21 Sep 2010 13:13 - 4615 of 6492

Cannot believe that people are buying this at 160p....

Proselenes - 21 Sep 2010 13:15 - 4616 of 6492

Cannot believe people sold RKH at 90p and screamed about it....... :)

required field - 21 Sep 2010 13:18 - 4617 of 6492

You ought to make a recording of this and play it back to yourself....and include the GKP episode in it...

Proselenes - 21 Sep 2010 13:21 - 4618 of 6492

RF - I have not been on the GKP thread since I sold, no reason to. The money at the time went into DES I think, under 100p. Its now up 60 %.

I do not need to post on GKP like a twat who sells a share and then spends hours trying to deramp it cause they just sold..............

Ring any bells ?
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