Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.

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 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

.

halifax - 27 Oct 2010 11:25 - 5169 of 6492

time for a pair of clean shorts!

robstuff - 27 Oct 2010 11:27 - 5170 of 6492

unless they have struck this will really tank again

required field - 27 Oct 2010 11:29 - 5171 of 6492

My position is for short term or long term....not in any rush....but in hindsight would have sold at 128p unless....best not to have too many of these....(for the moment)....

required field - 27 Oct 2010 11:34 - 5172 of 6492

It will be interesting to see what Marky and Prosels will make of this....

skinny - 27 Oct 2010 11:39 - 5173 of 6492

And the FSA :-)

cynic - 27 Oct 2010 11:42 - 5174 of 6492

why on earth should FSA be interested?
it was (and is) a bear squeeze pure and simple ...... bravado and greed tempts me to short even now, but hope i shall resist

skinny - 27 Oct 2010 11:43 - 5175 of 6492

Lighten up cynic!

dealerdear - 27 Oct 2010 11:45 - 5176 of 6492

I've been sitting on big losses here and this has very fortunately given me the chance to get back to even. Sold at 126p and consider myself very lucky!

required field - 27 Oct 2010 12:01 - 5177 of 6492

It's off again 105p....

required field - 27 Oct 2010 12:02 - 5178 of 6492

Got to be some sort of leak....this is doing very well...

HARRYCAT - 27 Oct 2010 12:04 - 5179 of 6492

Or could be just the day traders playing the bounce on the chart.

dealerdear - 27 Oct 2010 12:04 - 5180 of 6492

Exactly.

RKH is still dropping which tells you a lot

halifax - 27 Oct 2010 12:06 - 5181 of 6492

sp fluctuation should require DES to issue RNS shortly.

cynic - 27 Oct 2010 12:08 - 5182 of 6492

that's interesting ..... have been playing around with IG's L2 and can put in a GUARANTEED stop (even on DES), though of course the deposit required is significantly higher and the strike price can only be at the prevailing market price

cynic - 27 Oct 2010 12:09 - 5183 of 6492

don't think so hali, other than perhaps the usual anodyne "no known reason"

required field - 27 Oct 2010 12:12 - 5184 of 6492

There is an rns coming....good or bad...?

halifax - 27 Oct 2010 12:14 - 5185 of 6492

cynic LSE requires companies to keep an orderly market in their shares if DES says "no reason" and say tomorrow they announce major news there may well have to be an investigation.
Register now or login to post to this thread.