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

FOGL a sell, Bor A sell, nothing going to happen for a good while,The rig they thought they had went to another company.

FOGL = sell
BOR = sell
DES = hold / top slice
RKH = screaming buy.

Pretty much where we are.

Humpty dumpty sat on a wall.....humpty dumpty might have a great fall....

Yeah, but that's a fantasy nursery rhyme. This is reality! ;o)
I presume you are not yet a shareholder here then rf?

Not yet....the problem is that I'm in AFC....and staying there ....cannot bring myself to switching into this...regardless of the possibility of the sp flying above 200p....but still going long on RKH....

Feel this is going to creep up from now on, on expectation. reckon you missed the boat rf......makes a change from jumping ship to early....lol ;))

Falkland presentation

http://www.desireplc.co.uk/pdfs/Shareholders_presentation_FI_Oct_2010.ppt

Very useful Marky - thanks. Some good information even if a bit rose-tinted

The rise is DES has legs, you can easily sell 100K at mid price, so the background demand is there.

Has the drilling mud shown traces of oil ? Something might be up, or not.

more likely to have shown traces of lugworms ..... btw, drilling mud is not what you think! ..... drilling mud is actually a non-haz compound that primarily lubricates and cools the drill bit

Yes cynic and when it comes back up to the surface if the bit has been going through oil containing rock the drilling mud will pick up traces and it will be show back on the surface when it cycles back up.

It does not stay down there, its cycled around the drilling bit from surface to bit to surface.................

drilling mud is a liquid and has nothing to with the gunge and debris that adheres to the drill bit

Watching this like a hawk.......nearly 1 million more buys but it has a crazy Market Cap: 568.03m

RKH has found 242 mill barrels and Market Cap: 885.52m


My head is saying sell some Desire and the other half is saying hold for now.

You know you really want to buy some more DES marky...makes sense!

Am twitchy Chav, did you read that clog i chucked at you this morning.

Level 2....des looks strong

I did thanks...in a short time we will all know which way the cookie crumbles!

My biggest holding is in Desire so i hope that cookie crumbles with a gusher......twitchy times as i know how much i can loose.

You have got to be kidding us?????

marky .... please don't be an ass and throw away all that hard won splosh ..... let your brain rule and calculate that if DES comes up dry with Rachel, then sp will dump 60p (perhaps more like 75/100) ..... now work out how much you are prepared to lose in that scenario and set your holding accordingly

failure to do so, could easily end up with floods of tears, and that would be tragic

got my limit order in for 75p in case Rachel tanks. if it succeeds then my RKH will jump so win win me thinks[so longs as DES finds something at some time in the future obviously].
if it doesn't drop that far then so be it, am top heavy in RKH anyways.

GLA

Alex