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

Been wanting to take a position in them for a while Cynic, one to just put away for a while in the bottom draw not a massive figure, we see what happens after 3D.

Just packing them Speedos now chav and have my arm bands to the ready need to get away from been down that mine..lets hope there are some 5 star birdies to see.pip pip

I presume you are just having a round of Golf then marky!

from another bb:
'I, as a market maker, decide (for no real reason, or perhaps because there has been

some trivial news about them) that stock in ABC Corp is my plaything today. I don't

have much of an inventory in that particular security, so what do I do? Mark up the

price so external holders will sell me some? No. I mark the price DOWN. Oof. Some

external parties see this as a buying opportunity, and as I am a market maker, I am

obliged to sell them the security at the new, lower price, meaning I am even shorter

on that security.

Sounds mad, doesn't it? But it doesn't matter, because I mark the price down again.

And again. And I keep on doing it till I hit the stops of external parties who are

long, but weak, or the limit orders of people who are short. As a market maker, I know

where these stops and limits are. I own the book, after all.

Ordinary Joe Public mostly think the market follows the laws of supply and demand,

follows trendlines or fibonaccis etc, which means they all tend to put their stops in

similar places ('resistance' anyone? 'support'? That's right, it exists!). This is a

game of chicken, really, and YOU will ALWAYS crack before ME (the market maker),

because I can take the market to zero, or to the moon. You have to meet a margin call.

So now I am a market maker who has a LOT of supply of ABC Corp, which has fallen

significantly in price. Looks like I'm holding a plum, doesn't it? What do I do next?

That's right. I mark the price up. And I QUICKLY mark it up to the point at which the

current price is ABOVE my average purchase price. So voila. I'm in profit. In a fairly

big way. All I need to do now is unload this stock to you over a period of time at a

price above my average, and I am rich. You, of course, sold it to me on the way down,

and are regretting it because it is probably already way above where you exited

(strange isn't it, how the market seems to 'hunt your stops', and then reverse?!) If I

do this right (and it is an art form, for which successful brokers get paid multi-

million dollar salaries), I create the illusion that the market is totally random, and

is being driven by YOU, whereas I am simply a fee paid middleman, facilitating your

activities. Even worse, I give you the vague impression that you are actually pretty

good at it, and if you can only get your stops a little more accurate, you will stop

losing money!

As I mark the price up, external parties start to worry they will miss out on this

growth, and begin an ABC Corp buying frenzy, allowing me to unload. Everyone is happy.

Most of the investing public are sitting on unrealized (imaginary) assets, while I am

converting worthless shares into hard cash.

So, I have made a real, cash profit. You are sitting on an unrealized paper profit. We

are all happy. Until I repeat the process and stop you out. Again. Are you getting the

picture yet? '

Gibby, great post and seems very true though others will probably mock you.,.

is not the moral that one should prudently bank profits?

can't believe you checked your e-mails whilst out shopping with your "Roy Cropper" shopping bag cyners, and yesone should be prudent but I haven't followed your lead on xel. Will see if you were correct to do so..

whichever way the price moves, it was the correct thing to do ...... the time to buy will probably be 30 minutes after the RNS - i.e. there are likely to be a shedload of profit-takers, whatever the result ..... if there is heavy profit-taking beforehand, then that too could be a buying opportunity ...... if sp rockets after the result (because it's a cracker), then i shall probably be a buyer too ..... it matters not that i shall be paying more than for what i sold

Then why not wait till the rns and be on of the profit takers at a higher price?

my post 5494 of course refers to XEL ...... in answer to your Q ..... because the markets always catch one out and i am very happy indeed of have BANKED a large slab of profit instead of just pretending with a paper profit

to continue the point ..... DES SHOULD have collapsed on the latest news, but patently did not

gibby.

For someone who watches a 100 or so stocks very closely, I'm convinced that is true but is probably only true in a recessionary period. For an example today take a look at SEY. Opened higher looked as though it was going north, then dropped back to 55p to presumably hit the stops and then suddenly shot back-up to 58p closing around 60p. Hardly any investors would have made money (apart from those brave enough to go long back at 55p) but the MM's had a field day. Not only that, but if too many investors went long at 55p I dare say the price would have dropped to 50p to hit their stops.

Very dangerous markets particularly at themomemnt IMO.

baler thanks - thought good to share

really? ..... well apart from the odd inevitable "nasty", i've been finding the markets just dandy for the last 18 months or so ..... but then i don't have enough eyes to watch 100 stocks

cynic - yep in my early days i often banked too late and watched my profits dwindle - now i try not to get attached to any share and bank when i think it is appropriate - much earlier than i used to - today i had a tickle on cza - bought early sold on high - in out job done - but rrr i got in just over 2p - i topped sliced and left the rest to run free as an example as i expect very much there next year or so - and if that goes tats up so what - when i topped slice still tool a big profit as well - depends on the share for me really and the circumstances

dd - indeed - the mms are tough to beat!

cynic
have you closed your DES short? I just cannot understand how it keeps going; there is either some information out there or a lot of punters having a good time. There aren't any wispers in the wind in Stanley that I am hearing..

no .... it's not doing any damage and i'll leave it for now

Lovely graph today!...think it's only going to get better during the rest of the day as well.

I get the feeling the whispers are saying Rachel-2 is going to be given the go ahead.......

you could well be right pro.

I hope your right Pro because if they dont and go to drill Dawn next there is going to be one almighty drop in the share price.