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

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

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

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!!

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.

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

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

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

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

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

you can say that again Cynic,

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

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

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

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

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

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

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.

Interesting day, that's for sure!

rf - i thought about the 106 buy lol - i am going to sit tight - mean time taken a punt on afc - got some on the dip today - not bottom but good enough for me - hope it dont keep reversing!! lol
but des has always been one i liked so will be tracking closely - i hope everyone left in that it finds the black stuff and you all get a great pay day - interesting tomorrow - might be back in - all depends - if positive rns tomorrow i will miss what will be a mega pay day - hey ho! gla

chav thanks mate - very good day today and quite unexpected with no rns - t/o rumours - hmmm