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

Looks like they will keep everybody sweating until monday morning....not in...just too risky....but will keep my RKH shares....

rf -i think you did the right thing switching to rkh - i dont mind the risk here for today only - rumour mill working o/t - see another increase this afternoon then i am out again - had a good year and only in modest now - but sufficient to make some g'ss if it goes well at a price i should at least break even end of day imo barring a shat rns! lol

This is like playing casino red or black....

While logging they would of know within the first 6 hours if the had hit oil or not, and I would of thought they would want the news out before the weekend as I think it is crew change over today as well.

I am wondering if the very strong winds could be affecting the logging apart from that we should hear today.

agreed marky - wonder if some lunch time buying b4 the rns?

One thing for sure they are keeping this one quiet with no leaks as nobody has a clue.

Imagine if it is a billion barrel find.....and not in....

Might be worth renting a midget submarine with a periscope about a quarter of a mile away from the rig....

rf - i have done that & am in it right now - have taken camcorder & will send the pics back if I can find my way through this black stuff coming from the sea bed- LOL LOL LOL

You're in the wrong hemisphere...that's the gulf of mexico you are in !...you need to travel a lot further south.

and being cold waters, it will be very murky indeed

Rachel has come in as a duster they have side tracked into another fan system .so even if this fan holds oil the actual size could be very small and un economical to produce.just to put a different slant on things.

rf - lol -me i dropped me compass - no wonder!!

cynic - i'm ok - got me marks & sparks thermals on!!

lol

And the sp is holding up... bizarre....no way do I wish to be in DES at the moment....

but surely marky, they won't have penetrated this other system yet?
sounds as though DES could be grasping at straws - and seemingly the market with it, but then i do have a vested interest in a disaster

.

probably because of rumours like the one below - from iii apparently:

'Message below posted from theblue. Make of it what you will!

the lads are just awaiting the news, knowbody knows, thats the truth, DES have oil, its just a matter of how much, and if its commercial or not, i expect an RNS today / monday confirming HC's, just will they confirm commercial oil, or will they say HS's encountered, both imho opinion will move the stock north, but if they say HC's non commercail its trouble for us.'

cynic i think you mean DESIRaster! lol

11:59:55 des buy of 195,000?!

lol

genuinely buying or closing a short position to bank the profit?