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

time for a pair of clean shorts!

unless they have struck this will really tank again

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)....

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

And the FSA :-)

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

Lighten up cynic!

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!

It's off again 105p....

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

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

Exactly.

RKH is still dropping which tells you a lot

sp fluctuation should require DES to issue RNS shortly.

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

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

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

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.

gl to all left in - it was too good an opportunity for me to sell up at large profit today - still in rkh - if they strike hcs gl to rf & co - too much to lose at todays sp so out

will be back if this dips at all but after rns for rach to see where we actually are for real - i agree with cynic ref bears - bit of hype from the invitation to tender etc - not much else imo - but wow! what a great day!!! still cant believe it!

Very well done gibby!

Come on Gibby...a little buy at 106p....come on be tempted.....teeny ...weeny buy......come on now.....(sound like calling a puddycat)....