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

if i read that correctly, my short on DES (and FOGL) is looking ever more the correct call

marky - good post

cycnic - most likely yes - the drinks are on you it appears!! good call if so

bit of news on des - scroll down the link a bit to find des - nothing we dont already know to be honest - and a summary of other oiler status for nov. - probably be seen by most already: http://www.smallcapnews.co.uk/article/Wells_to_watch_in_November/8709.aspx

http://www.desireplc.co.uk/technical_economics.php

So best case scenario for Desire as I see it is that Kath has encountered Hydrocarbons.but how much is the question. Desire say Kath holds potentially 29 million barrels.

http://www.desireplc.co.uk/technical_volumetrics.php

She will have to hold about 40 million barrels plus for it to be economical and to be classed as a success which I cant see.

Could be all wrong come the RNS but I cant see a plus side on this at the moment am not trying to de ramp Desire as I am a Desire man all the way through I am just chucking some ideas about.

Cynic, Gibby ....have you read that ?....if they find some oil...or 30 million or so barrels in gas or oil form....it could be commercial...which means a surge on monday morning not a drop....

i do not believe that anything much under 100 mbl will be commercial .... marky will comment with more authority

marky

des would not be incurring the cost of drilling a sidetrack with the intention of targeting borderline commercial prospects.ii have been told that sidetrack fans are similar in size to rachel primary so lots of upside if successful.we will know next week.

It is possible the sidetrack has been aimed for and tagged the "Kath" prospect.

And Kath in its own right is not as big as Rachel, but it is potentially significant in size and therefore in its own right potentially commercial.

Now if they have touched on Kath and its oil bearing, will they now move the rig and drill directly into Kath from an optimum location with a vertical drill ?


Interesting, we should know in around 36 hours time.

You can see Kath interlinking with Rachel in the map below.

every newborn has the theoretical potential to be an olympic champion or a star athlete or talented musician etc etc

That's wrong cynic , it has to be in your genetic make-up , has the late comic George Burn's said when asked aged 96 how was it he still had a active sex life , said it was his gene's ..... he never wore them to tight.

Anything interesting in the Sunday papers on the subject of FI oilies?
Nothing on the Sunday Times website.

Should not be, you can only write its bad so many times, then readers get bored and people know you have an agenda, gives the game away.

This weekend is all about the BS story of "Rare Earth".

i'm sure you meant to write, "you can only write it's GOOD so many times, then readers get bored and people know you have an agenda, gives the game away"

So nothing leaked out to The Press over the w/e! Will see you all here at 07.00 hrs GMT on monday. Looks to be an interesting week with lots happening both here & the U.S.

I think that it will be a dud with an optimistic outlook or a success with a pessimistic view !.

People seem to forget that the share price in the short term does not necessarily reflect a non/commercial find.

If for example they say they have found oil which they are analysing, irrespective whether it turns out eventually to be commercial or not, I'd expect the sp to rise big time if only because of what it may mean for other prospects and is therefore a short-term play.

Where's the rns ?....

Drilling Update

Desire Petroleum plc (DES:AIM), the oil and gas company wholly focussed on the
North Falkland Basin, wishes to provide an operational update on the 14/15-1Z
sidetrack well on the Rachel prospect.

Due to wellbore stability issues through the deviated section of the wellbore
(forty degree hole inclination) it was not possible to reach the target depths
in the first wireline logging run. The hole is now being cleaned out prior to
making a further attempt.

A further update will be provided in due course.

.

which way do we go - caza had similar as did others due to high pressure gas / oil apparently - is it due to high pressure oil or soft structure / both?? lol

interesting day ahead!

Drilling Update



Desire Petroleum plc (DES:AIM), the oil and gas company wholly focussed on the North Falkland Basin, wishes to provide an operational update on the 14/15-1Z sidetrack well on the Rachel prospect.



Due to wellbore stability issues through the deviated section of the wellbore (forty degree hole inclination) it was not possible to reach the target depths in the first wireline logging run. The hole is now being cleaned out prior to making a further attempt.



A further update will be provided in due course.

I suppose now that the news good or bad will come in the middle of the day midweek sometime.......great...just great....will not be able to follow probably....