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

greekman - i better go on holiday then!! in rkh too now thought i did well buying rkh on dip yesterday then today drops below 3 squid! never mind cant win em all and when rkh is 10 squid + who cares a few pence?

good rns imo - life beyond rach:
Desire Petroleum plc

("Desire" or "the Company")

3D Seismic Programme

Desire Petroleum plc (AIM:DES), the oil and gas company wholly focused on the North Falkland Basin, is pleased to announce the signing of a contract for marine seismic acquisition services with Polarcus Limited for the use of the seismic vessel MV Polarcus Nadia.

Under the terms of the contract Desire will acquire a 3D survey over (a) the areas of Tranches C and D not previously covered by 3D and (b) most of Tranche F to ensure that the east flank fan play fairway, on Desire acreage, has complete coverage. In addition, it is intended to acquire 3D data over the northern part of Tranche I and adjacent areas.

A contract to process the data will be the subject of a separate invitation to tender, which will be issued shortly. Monarch Geophysical Services Limited has been retained to provide specialist acquisition and processing supervision throughout the project.

Rockhopper Exploration plc (Rockhopper) has simultaneously signed an identical contract with Polarcus allowing Desire and Rockhopper to share the vessel for acquiring seismic data in each company's adjacent licences and other areas.

The vessel is expected to commence the joint survey in December with completion by end-April with the Desire share of the survey lasting around 90 days.

from another bb - make of it what you like :
'I'm on holiday at the moment and met this guy who works as a technical engineer for some American company drilling for gas in in the north of Africa. I printed out the RNS and asked him if this was good. He broke it down quite nice and basically said IF they do strike it's gonna be one hell of a payday. All the signs are there so its just a matter of time WHEN they strike. We will just have to wait and see. There's no way of finding out yet if it's a duster or a gusher. But in his professional opinion he said there is every chance DES will strike. I thought I would just share this with you guys. Hopefully bring a little optimism to the board. Anyway, as always GLA and DYOR'

So..... a guy you don't know, met another guy in a bar on holiday and a few hours later after a bucket load of beers, got talking about DES and ......... reached no better conclusion than we all have! Very helpful! ;o)

Was his last name.....an irish one ?...O'Connor...perhaps....?.....or Mondtutu....

There's a guy works down the chip shop swears he's Elvis......

perhaps he has one on his shoulder because he can't afford blue suede shoes

Well ...we are not losing our sense of humour here on the verge of a crash....

Hang on...sp moving up ....

plus 12p.....any news..leaks anybody....last time, this went the other way before the rns and dive....

Red alert guys.....RED Alert...

Looks like...they have struck oil......massive increase....heavens help the shorters....

suspect just a huge bear squeeze ..... neither reuters nor bloomberg have anything new

Plus 30p......wow....

Got to be a leak....somehow....

Now in auction...103...95...

104p...where's Marky ?....

Plus 45p......good god !.....bloody hell !......

Plus 55p....unbelievable....

85% increase....