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

my worthless opinion is that it is safer to buy RKH than DES ..... if Rachel is a dud, then DES will collapse ..... if Rachel is a success, though DES will bolt for glory, RKH will swiftly canter up on the rails as they hold 7.5% of Rachel and more importantly it will enhance the prospective provability (hope that's sense even if not english!) of Sealion

I wanted to get in but not at 165p or even 155p....Desire does have the rig for at least until February....perhaps at least...RKH can only pump up what it has....frankly.....I think that there is better value in one or two other oilies in the world XEL and FPM spring to mind...these FI stocks are more "buy and hold" ones now, and wait for the next spud if unsuccessful in this one...

The best spud is historical.

The lose ones with no black spots called potatoes are even better....

yep maris piper a nice spud!!

yep maris piper a nice spud!!

yep maris piper a nice spud!!

Well you can't short it at IG and that's usually a bad sign.

did you call them to ask or was it just an automatic trigger?

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automatic. Sorry struggling with this site atm

Gone very slow

lol cynic i have no idea why it was posted 3 times

I do have 3 eyes!

DD .... by calling, they can/will often oblige

thanks cynic

quite laughable how pro, whats his face changes tactics when it suits him.,.

GULP! http://twitter.com/steve_hawkes

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http://www.thesun.co.uk/sol/homepage/news/money/3180808/CAMRA-fury-as-chance-to-save-pubs-lost.html

Thats the feeling I got yesterday and why I sold what I had left of DES , that the well has failed so far to find something big and they are now on to a sidetrack.

That will now be well 2 of 4 (the sidetrack will count as the 2nd of the back to back 4 drills IMO).

Will be Jacinta after this sidetrack and then perhaps they will pass the rig back to RKH to appraise Sea Lion and save their 4th rig slot until after that. We could therefore see Sea Lion appraisal starting in late Dec 2010/early Jan 2011 and not the presently expected Feb 2011.

I hope they find some oil but it just seems DES are DEStined to be the unlucky ones, just like Shell were before. There has been a hell of a lot of failed North Sea drills and there will be a lot of failed drills in this area as well before they all get a better handle on what, how and why it holds what it holds, and more importantly, where.