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 have been following Des almost every day since they came to my attention on Jan 20th 2004 and the mid price to my knowledge since then has never dipped below that days price of 11.25p!!!
If Assetgold is right how good is this news ?

Its one person word and so far his record is poor go through his posts on iii.

Wait till the proper news comes then we might have things to talk about and debate on instead of hot air as which it is all at moment.

Regards

Markymar

markymar... i did not say i knew about Encana back in March.. GET YOURE FACTS RIGHT.. i only used the name Encana about November.. check my iii.. posting....

anyhow, as i said in iii.. i only posted wat i heard.. if i heard wrong then its wrong.. and if its true well then it is true... so grow act your age and not your shoe size....

read the posting in iii.. i did say if it is wrong then you can all slate me and i will take in on the chin like a man and not like whinger.. (markymar)

Assetgolds post from iii

i mentioned Encana and Talisman.. as these were the names branded to me.. from the chap who advised me to buy at 9.5p.
..............................................................................

So you bought at 9.5p in march.....Dont think so!just look at the graph above it never went under 10p or are you going to tell me the graph is wrong.

So this chap told you to buy at 9.5p and told you about Encana and Tailsman

Thats they way it sounds like to me, you wrote the above not me.

Regards

Markymar

what is a scoring point.. look at the graph,... mid price 10.. then could have been 9.5-10.5?? do u remember the spread??.. does it matter what price i paid for it back in march.. all i know is that iam sitting a large profit..

it doesnt matter what you think......


regards

Asstgold!!!

Guys, everyone wants to profit from this, so let's row the one way and not in opposite directions...............remember the old adage, 'DYOR'

interesting day. Buys outnumber sells and the price goes down. Looks like the manipulation phase is entering the next phase and no matter how the buys verus the sells goes each day it won't effect the sp, till there is news.

watcher

agreed watcher
desperate for news,treading water at present
if a partner is announced sp should take off
we all like this one so have to support it until
news breaks if positive we all want to be still onboard

regards HUSTLER

Markymar - Stay with us your views, research and comments are defintely appreciated by us all.

Hi all

Markymar how ya doing ? Your the man !

It looks like we have another doji candle, this should change the current trend (refering to short term trend). It is generaly a good indicator as the doji before this one is sat right on top of the chart. This told us we may change direction & we did. So lets hope this one is correct! News must be just around the corner. Marky ? The stochastic oscillator also looks like it may change direction.




Anyone any thoughts ?

Good Luck All

Eddie

Thanks for that Eddie.Markymar ,looking forward to your postings.Bring it on !

Hi all

I would like to bring the crystal ball out tonight and say I see Desire shares at 20 3 years down the line from now but I only see part of the picture but a safe one and thank you Eddie for hard work and please keep it up as help reassure other investors.

I dont know how many people read this thread probably about 8 of us and post but I would like to think it will be the number 1 thread on money am this year or should I say I hope as I expect news soon with multiple partners and multiple holes drilled said the Parrott.

Will they be raising of cash, probably but lets wait till the news breaks.


Thought for the night

If desire are successful lets say in there drilling in C&D and oil is found there can you imagine how much the other blocks are worth.

This is the very long term thought and one night maybe go down that road.

All I can say is look at 10 years in front of you not 1 to 3 years

Wait for the news then we have better idea


Regards all 8


Markymar

Eddie dont know where you got the Doji from, certainly wasnt given today. Last one has you say was at the top on the 11/1. Nice base is being formed at 59p. Once SP breaks 62.5p then we should test recent highs.

bring on the news
trust the parrot lots of holes plenty of oil
good to see big 8 all hanging in there
keep up the good work marky and eddie
if it all comes good being nr 1 thread is assured
more important it will be nr 1 riser on the market

regards HUSTLER

Hi momentum

I have just looked back at the chart & it isn't a doji any more. Very strange. I dont know what has gone wrong ? There definatly was a doji last night. I'm not keen on the charts on moneyam, I usualy use sharescope. I am unable to post those charts. All that aside it still looking as you say support at 0.59p. Thanks for pointing this out momentum. Yes recent highs will be tested. I think will also be broken.


Kind Regards

Eddie

Hi markymar

Your post looks good.. I might be able to quit the 9-5. Catch ya later!

Kind Regards

Eddie

Hi Chaps,
Eddie looks as though the charts got caught out by todays comments in the Guardian about a 20 million quid placing at 50p with institutions and DES going it alone! Personally i think the story is a mismash of rumours.
1) 20 million is way to little to have any meaningful drilling program.
2) I just can't see DES going it alone, when they have been looking for partners for 6 years.

and of course number 3)The parrot says 'expect news soon with multiple partners and multiple holes drilled' is the clincher. Cheers Marky.

I know what you are saying with regard to successful drilling campaign in Tranches C&D (the area covered by the 3D seismic). Which is what we are all praying for!
This would in all likelyhood allow DES to easily do further 3D across remaning block I & L. If they look good too, Which judging by Rockhoppers interest in all the surrounding blocks is definately likely. a futher round of exploratory drilling may take place. Imagine the que of potential partners (if we needed them at all).

Gotta stop I am salivating on my keyboard...........

A bit of blue sky thinking on another down day!
Jon

The oil licencing round of the local government was preceded by the contracting of several seismic surveys done by Geco-Prakla and Spectrum Geophysical which revealed promising data. A total of six consortia, representing fourteen oil companies showed up on the closing day of the licencing, among which: British Gas with YPF; LASMO, which includes Desire a local Falklands/Malvinas partner; Amarada Hess with Evergreen; International Petroleum Corporation with the Swedish company Sands Petroleum. The fact all companies participated in consortia is because of the high cost of the drilling in this new province which is estimated between 10 and 15 million pounds for each well.



Fig: Illustrative project returns and revenue shares for a 500 million barrel offshore oilfield assuming exploration and appraisal costs of $50 million, $5 per barrel development costs including capital and drilling expenditure, an $18 per barrel oil price, start of production in year 8 of the project and peak production of 135,000 barrels per day four years later.

20 million is know where near what Desire need to go it a loan and i think yes to raise 20 million but with other partners.

markymar + The magnificent 7 (Your figures!), Good morning, I think you would be highly surprised at the number of people who do read this thread and indeed use some of your well founded research on other sites! Perhaps you will remember my first post a few days ago when following your reply, I read some earlier posting to help bring me, as a new investor, up to date & I assure you the content and charting were very good! So give yourselves some praise and keep up the good work because the information & debate on this thread deserves to reap the reward which, hopefully, we think, is in the DES future. Rgds. JNK.