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 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....

Flip.

flop!

lol

Auction again.

This is crazy...could fall to 99p today.

very easily, or even lower .... when the market gets the jitters over a share, especially one of this nature, the bottom can be an awful long way down, even without news

i must be nuts - had a tickle at 108 - if dont bounce today will hold

I've been buying in.....fall overdone.....never thought that I would see this a week ago....rebound has to come but timing an entry very difficult...

Marky says : an update possibly tomorrow....even if Rachel is a failure,...there are plenty more prospects in the pipeline...a few days ago people would have done anything to get in at this price.

The graph looks like a "Batman" mask.....

This is looking like a buy and hold now....at these prices....glad I was not tempted in at 155-165p.

I cannot believe that people are selling now...nuts....

Sold the remaining DES I had, looks to me like they have drilled the main well and found bugger all, and now they are going to do the sidetrack in a last throw of the dice to find something with this well.

Anyway, who cares now, I have a nice little extra pot ready for a RKH top up :)

Where are you getting this from ?.....27th september spud and you know the result ?..on the 14th of october or 2 days before this....nonsense...only just 15 days...???..