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

Thanks markymar

no smoke without fire
cheers marky
HUSTLER

Yet again 'Nice One Marky' you know I am starting to rely on you now!
Well hopefully today sees the bottom of our downtrend.

Eddie do the charts agree. To be honest I never thought that TA would be much use for a news drivn(or lack of) share like DES. and as there are so many different parameters people use, I have always been a sceptic. but your analysis has definately been interesting, and accomapnied with an explanation (which is the bit i need). So thanks & keep it coming.

Marky how can you say Ecana is 100%. That is powefull talking,as far as i am aware there is only coicidence and specualation linking Ecana with Rockhopper. Where is the link with DES and How are you sure its 100%? Don't get me wrong, I like what your saying and I respect your opinions.
but yesterday on ADVFN it was Shell are the farm-in partner (singular) from unnamed sources, you know the usual bb shite.
Jon

Hi Jon ,

Its a very good parrot I have with in the walls of the bigger picture Capt Guns is the only person who knows the name of this parrot and I would think Capt as a respected person could vouch as to how high he is.

Jon maybe have a closer look at Rockhopper to see a bigger picture there was some news from them today in which I have sent to certain people today and will post up on here in the next couple of days or on iii site if no press from it , maybe thats why JP bought back in again today.

Encana my parrot thought they would be one of the potential partners with Desire and then you have all the links to Encana from Rockhopper or Crude oil just look at the Canadian party over in the Falklands I dont think they are interested in the wild life do you.

Jon whats your job if you dont mind me asking or you can send mail by clicking on my name on this site.

Regards Markymar

Jon B

your comments regarding eddies charting skills are correct he really does appear to have his finger on the pulse. It was a good call in terms of the resistance at 61p. I incorrectly thought I would pick up stock at 60p this afternoon. Never mind in view of markymars knowledge I'm definately in tomorrow, up or down.(Hope its not to late)

Whats the best price I can expect tomorrow Eddie?

Thanks in anticipation

Hi all

Tading today, not very much volume. As you can see from the intraday chart DES opend at 0.615p traded down to 0.6125p by 08:15. Between 08:15 - 08:30 DES traded down to 0.61p the bulls pushed DES back up to 0.62p. By 10:15 DES was back to 0.615p. There was no change then untill 13:15 when DES went back up to 0.615p. The bears were in again sending DES down to 0.605p, the bulls managed to push des back to 0.61p. The next session started at 0.615p. No change between 13:45 - 14:00. The next session opend at 0.615p then went up to 0.62p. There was no change between 14:30 - 16:30. The chart bellow is intraday.



Looking at a longer time period we can see the main trend is up so it wouldn't realy matter when you get in. The candles have just gone through the 10 day moving average so it could be a good time to buy. The candles are likley to go back above the 10 DMA, They may settle at 0.65p before attempting the 0.70p. But if we get news 0.70p & above shouldn't be a problem. It looks like 101p will be the resistance after 0.70p. This is quite a big move so it appears the market is weighing up the next move. Which I have no doubt it will be up. So think would you rather wait in hope, of DES giong back to 0.60p to buy or would benifit from getting in sooner ? The figures above are near as dam it. Let the trend be your freind. It wasn,t that long ago DES was at 0.10p.

Good Luck All

Eddie

Cheers for that Eddie

Cheers for that Eddie. With that info i will be buying more this week.

cheers eddie i will be in today no matter.

wonder if shells news regarding exploration budgets in Feb will have anything to do with des.just imagine the effect on sp.

any thoughts anybody

if it is Shell, I'd expect that the announcements from both sides will need to be simultaneous?

http://www.thisisnorthscotland.co.uk/displayNode.jsp?nodeId=149212&command=displayContent&sourceNode=150624&contentPK=11673255


FORMER ENTERPRISE BOSS IS ROCKHOPPER CHAIRMAN
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IAN FORSYTH

09:00 - 19 January 2005
A New UK-based oil exploration and production company, Rockhopper Exploration, has named well-known industry figure Pierre Jungels as executive chairman.

He is non-executive chairman of Offshore Hydrocarbon Mapping of Aberdeen, and also holds non-executive roles at Woodside Petroleum, Offshore Logistics and Imperial Tobacco.

Rockhopper announced in December that the Falkland Islands government had awarded it two exploration/production licences in the North Falkland Basin, covering an area of 4,203sq km.

Richard Visick, executive director of Rockhopper, said: "We are delighted that Pierre has agreed to join the company. With his vast experience of the oil industry at the highest level in the UK and internationally, Pierre brings enormous expertise to Rockhopper. His appointment forms a key part of our plans as we put together a highly-experienced management team to take the company forward and progress our work programme for the licences."

Mr Jungels, a former chief executive of Enterprise Oil, added: "I am delighted to be working with Richard and the team at Rockhopper as we look to build the business over the next few years in what is an exciting, and largely undrilled, exploration region.

"We are actively considering our funding options as we pursue other opportunities in the area that will enable us to grow the business."

eddie

please update chart predictions, will todays poke thru 60p have serious implications or is it just a blip?

Thanks in anticipation.


markmar

all the way down the line there has been a suggestion of shell involvement with des lets hope its more than a suggestion in the forthcoming week.

heres hoping

Hi mingbeaver

I would say it was just a blip. If you look at all the main idices they are nearly all down. This could also be the lack of news causing invesment / trading to slow down. The main trend is still up. We always have some corrections when a stock shoots up, it's just when you know the close was higer a few days ago, you will automaticaly think (should have sold there). It has to be a personal choice, only you should decide what to do with your money. If you have made a large purchase recently you might want to protect yourself by selling to limit any loss. Selling stock is normal either at a profit or to cut your losses. If you have made a small purchase you will have to look at the cost of getting in & out of the trade, as this may wipe out some of your money. I have posted a 1 year chart this time, hope this helps you with your decision. What I must say is it's candles & moving averages we are looking at. (wish it were a crystal ball) These can only help us with our choice.

News will be here soon.




Good Luck

Eddie

Like to see the 50 EMA which is sitting at 55p. 20 EMA which has provided support since the start of the rally in Nov looks to be failing, however would like to see a 2 day close below before comformation. SP could now test the 50 average.

no news and downturn in overall market today not supprising marked down, traded 1.25m at 50-50 split buy / sell
with all the activity going on in the falklands as recently posted by
marky news cannot be far away if positive as we expect the surge
in value will be worth waiting for.

regards HUSTLER

Hi Momentum / Hustler

The chart with EMA20 EMA50 EMA200. Shows the EMA50 at 0.55p, I don't think this is the way the main trend is going. But the market often re-visits support levels before moving on. 0.55p took a bit of going through as it was probably the last attempt to lift DES before it fell to its lowes. Not many stocks went up today, so I don't think DES was singled out as bad stock.





Any other thoughts ?

Good Luck All

Eddie

cheers Eddie
I think it's a waiting game news is what need

HUSTLER