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 certainly do rf - just needs looking at logically - i bought at 108 so not as unlucky as some - but i really am not worried - and the good thing is we wont need to wait an age to find out - they have the rig now and near future to complete drills - a lot of preparation & research - due dilligence was carried out b4 hiring the rig etc there was always a chance this would happen - 165 was ott imo hence didnt touch it - i took a risk through greed at 108 and so far paying for it - but i am sure this will turn around - just need 1 hit - i like the odds and huge upside potential - if it goes t*ts up my loss but i doubt it will - i am hoping for 50p but even as is will buy - gl

DES - kerrrrrrrrrrrrrrrrrrrchinnnnnnnnnnnnnnnnnnggggg!!! lol

rf hope you bought early this morning!!

it's certainly been a good (dcb?) bounce this morning, but assuming it doesn't all run out of steam beforehand, i suspect 200 dma will prove a fairly stern hurdle

cynic - indeed - i have cashed in the profit of half what i bought this morning @ 94.75 - leaving the rest to run with my 108 buy - very confident here for future weeks & drills to come - gl

Done almost the same as you...

I seem to be completely out of synch with this for some reason....sold half on Friday and missed this mornings activity. Hurting a bit..

rf - good man

avsec - sorry to hear that - that sounds real unlucky

Check out AFC....(fuel cells)....just keeps going...massive, huge potential....

Decided to stay with my reduced holding now and hope that RKH will slowly recover from the effect of Rachel disappointment. Maybe the side drilling will find something but it remains a big gamble IMO...

posted to that effect on RKH just now

DES looking very perky this morning .... shorters closing out or optimism on back of RKH placement success and statements?

Think I will do the same when the DES share price soars on drilling results from the sidetrack!!
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Paddy was waiting at the bus stop with his mate when a lorry went by, loaded up with rolls of turf.



Paddy said: "I'm gonna do that when I win da lottery".



"What's dat", says his mate.



"Send me lawn away to be cut".

Well chav i would of thought they might be getting some kind of indication on that rig if this side track is going well or not,time to watch for large trades.

50/50 chance on side track

Slaley Hall beckons.......

L2 on the buy book at a 20% filter 616,000

Sell book 20% filter on 425,000

So its looking strong at the moment

Better start polishing the Golf sticks marky!...I'll stick with kicking a Tin Can, until I can afford a ball.

note - sp hit 200 dma again and failed

Sidetrack will be an angled drill, not going to be progressing at the same rate of penetration as a vertical well.

At a guess I would say rumours circulating from about 28th October onwards ?

Chav, keep an eye on pugwash and that blue whale if still stored or having a spring clean.shutters up for the next couple of weeks so off down mine where totaly dark.

Marky - you are a fashion follower! Chileans do it and Marky is there too! Don't expect the same euphoric coverage when you are rescued

MRSI and/or PTH may comment otherwise, but it looks as though sp once more pierced 200 dma but fell back below yet again ...... imo, DES remains a very risky play except perhaps as a quick trade