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Desire Petroleum are drilling in Falklands (DES)
markymar
- 03 Dec 2003 11:36
<>
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 - 15 Oct 2010 09:19 - 4934 of 6492
I've bought a few more.....this stock also swings with sentiment....3 more wells at least after this sidetrack before RKH get it back !.
Balerboy
- 15 Oct 2010 09:24
- 4935 of 6492
thanks rf & mitzy
cynic
- 15 Oct 2010 09:34
- 4936 of 6492
RF .... you're nuts!
required field - 15 Oct 2010 09:42 - 4937 of 6492
That's what I was thinking.....but regardless of this well so far....still a faint chance of coming up with something...why would they sidetrack it ?....and at least 3 wells to go...just need a 10p increase to break even....in fact at the present moment I am in profit on some because I got them in the abyss....
mitzy - 15 Oct 2010 09:42 - 4938 of 6492
This could fall another 25% rf so be careful.
cynic
- 15 Oct 2010 09:44
- 4939 of 6492
mitzy - i assume DT1/2/3 refer to DES ...... it's not impossible that they'll find oil, but the prudent play in this area (if you want one at all) has to be RKH who at least have found oil (quantity now thrown into question) and have a 7.5% stake in this block
required field - 15 Oct 2010 09:44 - 4940 of 6492
That's what I was thinking.....bought some in the abyss......having trouble with posting here...everthing is slow.....just need 12p up to break even....
required field - 15 Oct 2010 09:44 - 4941 of 6492
That's what I was thinking.....bought some in the abyss......having trouble with posting here...everthing is slow.....just need 12p up to break even....
mitzy - 15 Oct 2010 09:47 - 4942 of 6492
This could fall another 25% rf so be careful.
required field - 15 Oct 2010 09:59 - 4943 of 6492
Will have to sit through this bad spell......there must be a lot of people that have been stuffed on this drop.....
cynic
- 15 Oct 2010 10:28
- 4944 of 6492
don't know what you paid this morning, but though buy book is still pretty strong, no one is prepared to pay more than 78/80 and if anything sp looks to be weakening
Proselenes - 15 Oct 2010 10:42 - 4945 of 6492
Someone sent me this ;)
Those 2 RKH licenses in the North East have all the oil ! ;)
Those 2 RKH licenses in the North East have all the oil ! ;)
required field - 15 Oct 2010 10:52 - 4946 of 6492
As I bought some around 110p....and the rest this morning....not good I know....will have to wait....the FI campaign has a long, long way to go.....patience.....
skinny
- 15 Oct 2010 10:56
- 4947 of 6492
In auction again.
cynic
- 15 Oct 2010 10:58
- 4948 of 6492
don't know what you paid this morning, but though buy book is still pretty strong, no one is prepared to pay more than +/-76 and if anything sp looks to be weakening
required field - 15 Oct 2010 11:10 - 4949 of 6492
77p.....and took a small profit on that lot....will stay put on the rest...but need a 12p increase to break even......not happy but could have been worse and big potential with this very active drilling campaign....
cynic
- 15 Oct 2010 11:14
- 4950 of 6492
hmm ...... for my part, i'm glad i cut my (small) balance and have no intention of buying back in here ..... i'll continue to hold my modest stake in RKH for reasons already given
Proselenes - 15 Oct 2010 11:16 - 4951 of 6492
Told you yesterday rf that it was all over and a sidetrack would happen.
cynic
- 15 Oct 2010 11:19
- 4952 of 6492
i'm not going to try it, not least because i am playing golf this afternoon, but i wouldn't be at all surprised to see a late and vicious sell-off to +/-60 as friday draws to a close and positions have to be squared
required field - 15 Oct 2010 11:26 - 4953 of 6492
I shall have to listen to your calls more often Proselenes....I shall have to stay put for now and wait and hope for recovery in the next few months.
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