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Desire Petroleum are drilling in Falklands (DES)     

markymar - 03 Dec 2003 11:36

free hit countersDesire 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

required field - 27 Oct 2010 10:29 - 5149 of 6492

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

required field - 27 Oct 2010 10:30 - 5150 of 6492

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

required field - 27 Oct 2010 10:34 - 5151 of 6492

85% increase....

cynic - 27 Oct 2010 10:48 - 5152 of 6492

bank some profits and quickly ...... it's a bubble on a massive bear squeeze and sp can be expected to tumble back sharply - NB there is no RNS or anything else from either bloomberg or reuters

required field - 27 Oct 2010 10:54 - 5153 of 6492

Too late for me....back to 102p....damn...and no news...

required field - 27 Oct 2010 11:03 - 5154 of 6492

I don't know about you lot but I'm having hot and cold sweats at the same time over this....

gibby - 27 Oct 2010 11:04 - 5155 of 6492

cynic - sound advice dude lol lol lo - never thought it would happen - sold my entire holding at 126.75 - missed the top but so what - kerrrchinnnnnngggggggggggggggggg!!

lol my worst sp buy price was 108 - best 68.75

yeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

now rkh!!!

lol lol lol

gla

cynic - 27 Oct 2010 11:04 - 5156 of 6492

all over the shop .... actually now in auction yet again but likely to return below 100 ..... you would have to have been very quick indeed with direct access to the markets to have cashed in anywhere above say 120

=============

very well done indeed gibby ..... you clearly have nimble fingers

unluckyboy - 27 Oct 2010 11:05 - 5157 of 6492

Cynic another yo-yo share....

required field - 27 Oct 2010 11:05 - 5158 of 6492

I get the feeling that they have hit target depth and encountered hydrocarbons and are now running that sort of bin liner or whatever they call it....

markymar - 27 Oct 2010 11:06 - 5159 of 6492

When down my mine i can get 10m of coal an hour so you still have one more day to TD..... or news i would of thought.

The wonder of Desire!!!!! not a share like it

cynic - 27 Oct 2010 11:07 - 5160 of 6492

bullshit RF i'm afraid, for else there would have been news at least from reuters or bloomberg

required field - 27 Oct 2010 11:07 - 5161 of 6492

I thought of it but am a bit greedy and would kick myself if an rns appears with good news....

cynic - 27 Oct 2010 11:08 - 5162 of 6492

sellers out in force again, even with sp below 100 and still falling

required field - 27 Oct 2010 11:09 - 5163 of 6492

There can be leaks without reuters getting hold of it...somebody in Port Stanley that spots testing equipment going by helicopter...that sort of thing....

required field - 27 Oct 2010 11:12 - 5164 of 6492

For this to rise...even if it is not commercial but have encountered oil...and will return to drill again...that would be enough to send this upwards....

cynic - 27 Oct 2010 11:16 - 5165 of 6492

i'm not God, but i am 90% certain that this is just a massive bear squeeze as there are positions being closed again with sp now +/-110 ...... if you don't bank at least partial profits while they are on offer, you deserve to be fried alive

required field - 27 Oct 2010 11:23 - 5166 of 6492

The trouble is I'm not in profit....bought a bit higher before a month ago...already banked several times profits before but need an upswing to 130p again or anything above 110p for my last portion....and only a small position anyway....

cynic - 27 Oct 2010 11:24 - 5167 of 6492

wrong logic!

cynic - 27 Oct 2010 11:24 - 5168 of 6492

.
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