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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
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.
skinny
- 15 Oct 2010 11:29
- 4954 of 6492
RF - even at the current price, there is more scope for further falls than for a bounce.
cynic
- 15 Oct 2010 11:31
- 4955 of 6492
RF - you're acting like a rabbit in headlights ...... have a cup of tea and start thinking logically and realistically
required field - 15 Oct 2010 11:32 - 4956 of 6492
True.....but perhaps the dud well is in the price......at 165p....that was a crazy sp...but at 78p.....could be a bargain....
skinny
- 15 Oct 2010 11:34
- 4957 of 6492
How about 40p
required field - 15 Oct 2010 11:34 - 4958 of 6492
When they spud Jacinta, there will be people climbing on board....it will happen...no doubt and the sp will climb...and after that well...2 more to be drilled....a recovery has to come....and I cannot watch all the time...
required field - 15 Oct 2010 11:35 - 4959 of 6492
40p...?....I hope not....
skinny
- 15 Oct 2010 11:36
- 4960 of 6492
You don't have to watch all of the time - that's why God invented stops and limits.
required field - 15 Oct 2010 11:38 - 4961 of 6492
Have to go now....otherwise....no work will get done....will catch up mid-afternoon....
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