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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

required field - 13 Oct 2010 14:01 - 4815 of 6492

Only take a nudge and this will drop....

mitzy - 13 Oct 2010 15:19 - 4816 of 6492

I dont believe it..

markymar - 13 Oct 2010 15:26 - 4817 of 6492

Gone in to auction

markymar - 13 Oct 2010 15:33 - 4818 of 6492

12p a share profit in 4 minutes..... back out

hlyeo98 - 13 Oct 2010 15:33 - 4819 of 6492

Great stuff... yippee! Falling fast!

skinny - 13 Oct 2010 15:34 - 4820 of 6492

In auction again :-)

rekirkham - 13 Oct 2010 15:35 - 4821 of 6492

DON'T FORGET - "WESTMOUNT" WTE, OWN ABOUT 3.2M DES SHARES -
PERHAPS THEY ARE OFF LOADING A FEW - ALTHOUGH NO NEWS ON THAT ?

skinny - 13 Oct 2010 15:36 - 4822 of 6492

Chart.aspx?Provider=Intra&Code=DES&Size=

markymar - 13 Oct 2010 15:36 - 4823 of 6492

Why is it keep going in to auction

hlyeo98 - 13 Oct 2010 15:37 - 4824 of 6492

This will fall even faster over the next couple of days.

skinny - 13 Oct 2010 15:38 - 4825 of 6492

dead_cat_bounce.jpg

dealerdear - 13 Oct 2010 15:46 - 4826 of 6492

Certainly doesn't look good.

Maybe all the oil has been over-hyped

hlyeo98 - 13 Oct 2010 15:47 - 4827 of 6492

Another duster on the way for DES, I think.

markymar - 13 Oct 2010 15:53 - 4828 of 6492

Said the man who shorted RKH

markymar - 13 Oct 2010 16:01 - 4829 of 6492

Bought a chunk at 1.38p

required field - 13 Oct 2010 16:38 - 4830 of 6492

You've caught a diving knife.....thought this might happen....

ptholden - 13 Oct 2010 16:49 - 4831 of 6492

I take it no-one knows why the sudden sell off?

Perhaps another RKH type unfounded rumour, which will see a RNS from DES denying such, a quick recovery in the SP, burning a few shorters and the inevitable longer term holders stopped out on a spike?

Or they've missed again?

No position here, watching with interest.

required field - 13 Oct 2010 16:53 - 4832 of 6492

This is a massive risk.....I would only do it for short term gain.

cynic - 13 Oct 2010 16:54 - 4833 of 6492

it's the fear (reality?) factor setting in ..... RKH have owned up to problems in making an accurate assessment of Sealion's potential, albeit that it's still commercial at 170 mbbl, and this reflects in the greater probability (chance) of Rachel coming up blank

halifax - 13 Oct 2010 16:57 - 4834 of 6492

cynic proven recoverable reserves mean something tangible, guesstimates are meaningless.
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