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

trader here thinks these are worth a small punt as they are likely to have found HC

trader here thinks that's a load of bollocks, or minimal only at best

hence the phrasing of 'small punt'

no i don't you cheeky bugger!

Come on Desire get the RNS out before the weekend!!!!!!

if it's a dud, as most of us suspect, then RNS will not be until after hours or early monday morning .... if there's good news, then would surely be out now and certainly sp would not be slipping ...... that's my wishful thinking anyway

Mental...being in this....at this stage.....you will have to forgive me as I have sinned....yes I have bought Nighthawk......oh dear....yes...please forgive me....

i shall, but your bank manager may not

He has nothing to do with it (I hope)...but that graph over there looks atrocious....perhaps a blip up is coming...anyway check out AFC...going like a train again....

Don't think they can get anything out now!

Time to start the weekend and be an early bird on Monday having enjoyed the extra hour of slumber!

We better get the sunday times or one of the others...they seem to find out before anybody else...

nail biting weekend for some but not for us.

My plan is to top up on RKH....perhaps on monday...we shall see...

As said crews changed today......gossip and the Times

calm for me too hali, though i have some (short) exposure here, ditto with FOGL, and small long in RKH

At this stage...could be risky....braver than me...for DES...I could have, but daren't risk it....

well decided to hold me des over the weekend - buoyed by afc today! i have decided i am mad because if i am honest i reckon des will probably not have found much worth reporting i.e. sizeable hc find, which is great news for cynic if so - at least one of us will do well!! however being as i am mad now a tiny bit of me and that down market rag the sun thinks they may have a find worth something, then the other drills so we'll see - modest investment if it goes tits up just leave in the bottom drawer till the other drills which have an incredibly high 1 in 10 chance - lol! be eaiser to light me cigars with a 50 pound note - at least i can watch it burn!! gla

In the short term...perhaps not good, but over a year or so...loads of prospects to be drilled...very tricky playing cfd's on this and even more so on spreads but shares over 1 to 2 years...will come right at some stage for a profit big or small.

rf - i think you are right - & if rach is a duster / non commercial - i am seriously not really worried either way - great if hcs found - if not will hang on and top up as low as possible along the way - have a good evening