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

I bought a few more today Chav in DES and RKH, we must meet up so i can give you your wooly hat and gloves, things still looking good.

Marky....having sold some DES, are you not going to fall foul of the 30 day rule by re buying this Afternoon?

Chav ......do i care about the 30 day rule!!! you can bend it, Also my good lady holds a few chuncks and so was fun selling yesterday and buying today....am still down big time today, even though all the money has gone.....some clogs are still here

I am a happy chappy at moment all is going well at the mine so far,Guns was blazing after RKH meeting so bought a few clogs with nails in as they wont move and only get better V good clogs he thinks.

I do like my clogs

G1 is back in the game.........and he knows about the 2 days they lost and the drill getting stuck ....which only a few of us new about.....Its all to play for still.


READ THIS FOR CLARITY galileo1 46



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A) WE ARE APPROACHING TARGET DEPTH, NOT THERE YET DUE TO 2 DAYS OF PROBLEMS.

B) THE SELL OFF YESTERDAY AFTERNOON WAS A CYNICAL ATTEMPT BY SOMEONE TO ACTIVATE STOP LOSSES ETC AND THEY KNEW IT WOULD WORK AS RKH WAS DOWN 17% AND DES ONLY 7%, THE FEAR WAS ALREADY THERE.

C) THE SELL OFF WAS COMPOUNDED AT AROUND 4PM AS THIS IS THE TIME SPREAD BET FIRMS MAKE THEIR MARGIN CALLS, AND WITH THE STOCK DOWN AROUND 12% AT THE TIME MANY PEOPLE COULDNT MEET THEM WHICH IS WHY THE RECOVERY STALLED.

D) SOME PEOPLE HAVE BEEN MUGGED ON THE BACK OF THESE RUMOURS, NOBODY KNOWS THE RESULT YET! IMO.G1

DES is crumbling again... well, too much hype for oil not even found yet.

Careful now.

In auction.

Yeah, in great auction again... by end of week reaching 70p.

It won't....a strong rebound will come but not back to previous heights....

Maybe somebody knows a duster on the way...

I'm back in.....now this is looking more better value.....

Its good value and all to play for....RNS Friday or Monday

Now it looks like a buying opportunity.....for a rebound...

As I'm back in...now the question is do I wait for Rachel results ?....feels funny to be in the rampers squad....!....

I read all the papers - according to the express today city rumour is that Rachel results not expected to be that good - i believe rumours like that have hit the des sp more than rkh - question is what to believe? buy at current ((bargain (imo)) price or what?!

I dont like the look of the chart.

If it strikes a rich seam of oil : you will...... a big gamble....this one....

rf / mitzy - agreed - a flip of the coin!

I agree there rf.

There is another thing that Desire have the rig for the next few wells, and we have just had the crash or a crash....now if the next well finds oil but perhaps not in commercial quantities, is it going to dive ?....depends how quickly the next spud will be on offer plus will they have another go again in the same area later on ...say a mile away...if some of these questions are answered,...then perhaps not such a terrible dive will happen if they don't hit 50 million barrels....in fact if they hit 20 million...the sp could indeed climb....