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

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

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

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 ?

lol

getting touchy....rf you'll be squished.,.

He's behaving more and more like a prat......how can you blog with a muppet like that.....he's blundered on GKP, but he finds time to have a go at others, ...as long as you agee with him all the time he's ok...disagree and this is what you get.....I'm thinking of squelching him....getting on my nerves....

what have i done wrong that no one squelches me?

Closed my short.....too worried that DES might jump 10p or so.....hands up....it was a daft punt.....will be more careful with my next short.....

in future, listen to what Grandpa Cynic has to say - well occasionally anyway!

thats a lot of responsability cynic......lol

broad shoulders old son

RF - good job you closed that short or you'ld be heading for cardboard city

Yep....and I just cannot believe the rise here...I would have done better to have stayed here instead of jumping my holding over to RKH......(now out of both)....DES could still turn out to be a short....

Rf you need to steady up and think through your plan.

True.....I'm dying to get a successful short on here....

I don't have sympathy for shorters, shouldn't be allowed to sell stock you don't own, i can't sell my neighbours house! DES is likely to perform much better than RKH, with loads of newsflow over coming mths and huge potential finds 10ps is not out of the question

you might not like or even approve of shorting, but if you want to take the moral high ground, you shouldn't trade in shares at all, as it is merely a form of gambling

Naked shorting, I'm with robstuff. Shorting with loan stock, well that's life.

Rf, as I have suggested before, instead of being all in, or all out, why not hold some & trade some, then, as in DES, if the sp keeps going up, you still have a foothold in the company?

I do that sometimes......with many a company.....but this time....I sold GKP....(at a good price)...and before the rise :.added to RKH .....plus switched all DES into RKH.....and now sold the lot....and now watching ...waiting....just not keen on DES.....should be below 100p....

cynic I don't really agree with you that holding shares is gambling. Trading regularly is more like gambling betting on the ups and downs but i have held these for well over 10yrs and have bought as low as 5p - that's investment not gambling. I also have been holder of NPE which should now go above 500 soon again from 50p the difference being high levelof research and track record of management with a little gut feeling throw in - guess it is somewhat of a gamble, check NPE out as it still has far to go