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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

HARRYCAT - 27 Oct 2010 14:19 - 5198 of 6492

You're starting to repeat yourself cynic! First signs of dementia!!! ;o)

cynic - 27 Oct 2010 14:22 - 5199 of 6492

it's a conspiracy actually

HARRYCAT - 27 Oct 2010 14:24 - 5200 of 6492

Ah, the infamy, infamy, they've all got it in for me, kind?

robstuff - 27 Oct 2010 14:25 - 5201 of 6492

some clever rumour making to get out before the dry well is announced imo but hope not as still hold religiously. If a strike lets hope its big

robstuff - 27 Oct 2010 14:26 - 5202 of 6492

some clever rumour making in order to get out before the dry well announcement imo. Hope not though as still hold religiously, - oh what a roller coaster!!

markymar - 27 Oct 2010 14:32 - 5203 of 6492

Sounds like utter rubbish that article, more likely phippy getting the price to go higher so all his mates can exit at a profit before it crashes.

You see what I mean you never know what round the corner.

cynic - 27 Oct 2010 14:46 - 5204 of 6492

quite so ..... if i'd been on the ball i might have done something (one way or the other!) with a guaranteed stop, but did not know at the time how to set that - i now do

required field - 27 Oct 2010 15:48 - 5205 of 6492

This is looking more and more like a positive strike....plus 40p...and staying up....there must be something afoot here ?....

required field - 27 Oct 2010 15:51 - 5206 of 6492

She's climbing...here we go again.....

cynic - 27 Oct 2010 15:59 - 5207 of 6492

i think the only thing afoot is more bear closing as we draw towards the close

cynic - 27 Oct 2010 15:59 - 5208 of 6492

i think the only thing afoot is more bear closing as we draw towards the close

markymar - 27 Oct 2010 16:01 - 5209 of 6492

you can say that again Cynic,

cynic - 27 Oct 2010 16:05 - 5210 of 6492

told you all before .... it's a conspiracy!

required field - 27 Oct 2010 16:11 - 5211 of 6492

Is there some sort of echo...echo....echo....echo...?...

markymar - 27 Oct 2010 16:15 - 5212 of 6492

WTE have moved very little and have many share in Desire......

required field - 27 Oct 2010 16:17 - 5213 of 6492

You talk like pale face red indian how !....drink firewater...many braves and take plunge in Desire....

cynic - 27 Oct 2010 16:21 - 5214 of 6492

market is "closed" which is peculiar, though there still seems to some trading taking place ........ perhaps it's just IG who are refusing to trade ..... anyway, still no news apparent

required field - 27 Oct 2010 16:37 - 5215 of 6492

Switched all DES into RKH.....at the last moment....might be wrong thing to do but safer....got not bad price either....

required field - 27 Oct 2010 16:46 - 5216 of 6492

I don't believe that a takeover is here...nothing to show yet....but a strike is always possible but so far no indications by the company of a sniff of hydrocarbons....if nothing is found then perhaps below 50p is on the cards...but for RKH a drop, but nothing on that scale and a rebound with investors like myself will make the stock rebound.

chav - 27 Oct 2010 18:55 - 5217 of 6492

Interesting day, that's for sure!
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