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

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.

Des is not nor has ever been an overnight ticket to eternal wealth. However for those of us who are long (another 3 years) rumours,dips and highs will come and go. Des manage their affairs in a very workmanlike manner and run a tight ship, they do not concern themselves with everyday tittle-tattle whether it be true or false. For some time now their tunnel vision determination WILL pay off and take us to the next phase (Farmin deal). I am equally sure that if drilling has not commenced in 2005 it will in Q1 2006.
The share price at this time will range from 3-5.
When the oil is found in quantity it will be substantially more.

But for now we watch and wait

All the best

Ming

Just to let you guys know, I'm also in and have been for some months now. I'm fairly new to all this but am very grateful to you to be able to read your posts and remain confident with DES in the long term.
Cheers
HM

I am in for the count as well & have been a holder since early November last. I would also like to join the other posts of today & thank everyone for their invaluable effort & input into what is an extremely good & positive thread. DES is my share of 2005 so no short term plans from my quarter.
Thanks again to one & all.

Chris

Neil Hume
Tuesday January 25, 2005
The Guardian

Among the smaller companies, Desire Petroleum faded 1.25p to 60p amid whispers that it is putting the finishing touches to a 20m institutional fundraising at 50p. Market gossips believe the cash will be used to start exploration drilling in the North Falklands basin and suggest Desire has decided at present not to join forces with a larger oil company to develop the site.

This sounds like good news to me.

Oily Jim, Thanks for the Guardian news but can I ask, 20m is well short of the original projected sum required hence, how in your opinion will DES tackle the import of a rig & commence drilling as an on-going project? This assumes, of course, that the Guardian has it,s facts correct. Rgds. JNK.

jnk

we currently only have half of the jigsaw pieces (assuming the Guardian is correct) Dr Phipps holds the missing pieces close to his chest.
ie you are correct that none of the figures seem correct at this time.

The 20M is very close to the scenario 3 that I outlined in my posting no. 396 of 19 Dec. I assumed a lower placing price however.
The 50p seems high if Des has not convinced a major to participate.
Not so high if a major was willing but was too demanding. Hard to see why some accomodation couldn't have been made in that case - the money involved is chicken feed as far as oil exploration budgets are concerned.

Hi all

See we have been busy today with postings.. Well after saying we had a doji & being corrected by momentum. I apologise again. We have had support again at 0.59p. The bears pushed us down to 0.575 at the lower end of the candles & the bulls managed to push DES up to 0.6075p on the high. The close at 0.605. So at least were up. With Guardian reporting about the institutional fund raising it hasn't had much impact on the share price. I think it is because this is only part of the news. 20m is this for the butties ? What is clear, is this isn't the full story. DES is going to need more funds, which I'm sure they'll get.
The remaining peices of the jigsaw will come as ming says.

Hi momentum

Do you have the fibonacci retracement after 0.70p. I don't see anything upto 101p. Is this what your seeing ?


Kind Regards

Eddie

Hey marky

You never mentioned the crystal ball !


Regards

Eddie

Eddie, a move through 70p which i expect on news will imho be very strong could see a spike up to 100p or 150p, Historic data / charts dont really tell as anything, the last time we were at this level was 21 /11 /98. Once we have a new top, we can use some retracement tech to try and find potential support.

Thanks momentum.

Are you using sharescope ? Do you use candles ?


Kind Regards

Eddie