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

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

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Sorry Harry no!!!

I have a 6 figure number in Desire shares and decided to de risk when they were drilling Liz and sold a few and bought RKH

DES is my largest holding I have been buying shares from a low of 7.8p to a high of 1.47p over the last 12 years waiting for this time.

I think Desire is over priced at the moment and have thought about off loading some and I may do that tomorrow but tomorrow is another day but I will tell you if I do, I think I have been quiet open with my strategy and said when I have bought and sold.


I have waited for 12 years to get to this pointits the dream and I cant sell the dream..its all or nothing.even though I think DES is over priced.keep knocking on that thick head of mine Cynic and for once I agree with RF.

But IF Rachel comes in its the dot com bubble againhence DES overpriced at moment.

Over 800 hits on this thread today and only a hand full posts...a lot of silent posters.... would be good to hear from you and thoughts.

Must admit I top sliced more DES today, still have a holding but the risk is too high as a 2nd failure for DES would be devastating.

A 150m barrel find is already in the price (based on the market cap of RKH for 242m and what the DES market cap is now with nothing), and so I am worried even good news might be bad news.......

eg a 100m barrel find is excellent news, but DES has 150m in the price already so it would still be overpriced.

I hope they hit a 200m barrel find..........but any oil will do as it will give a boost to my RKH shares that oil is that far south :) !

If Rachel proves to be Oil charged then DES is worth a lot more than just Rachel as it will derisk a lot more targets and give punters a lot more confidence for future drills...3 of which are already funded....Rachel comes in dry then it works the other way, of course, however I don't think it's overpriced currrently.

Chav Its valued 200 mill less than RKH with out a 242 mill find of oil under its belt,DES havent found any thing yet!

Level 2 i see there are new mm..RENA,ARBT,FOXY, i make it 10 now

I was hoping for a pullback to 120p.....just not going to happen, but I shall have to miss out on this because 173p is just ridiculous at this present moment.....

Marky, I thought from all of your previous posts, that RKH was your well researched Eldorado with a long term 'hold' strategy and that DES was just a punt. Now you are saying that RKH has run it's course & DES is the new rainbow you are chasing??? I agree with most posters here that DES is overpriced & that a duster is going to trim the sp by 60-70%. That's very high risk with hard earned profit from your RKH holding.

Is RKH valued correctly marky?

come off it rf, with 8-10 days to go .....a pull back???? you dithered and now you got to sit back and watch. Notice how some are changing their tune to what you've said all along.....even the ramper pp.,.

I don't mean a pullback now....I was hoping for a drop a few weeks ago....I'm also very much invested in a few others and it's the enormous risk of getting my fingers burnt now that's putting me off...hands up : I've badly mistimed any possible re-entry here....