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

I just follow my nose and its done me ok Stu

I wouldn't mind following your nose then mate!!!

Any other interesting projects on the horizon?

No just a waiting game at the moment but am sure the wait will provide good reading when it does come and JP slant on things was a good read with FOGL may be getting the rig after Desire.

Hi all

Looks like we are getting support at 0.59 / 0.60p again. It's good that this support is holding out. When the news breaks the bears will not be able to hold back the bulls. Volume will be much stronger also. These support levels are good places to set your stop loss. If you remember 0.55p was a bit difficult to go through. So if things get tough you might want to remeber these prices which were difficult to go through. The market is sitting in anticipation at the moment. If you look at the 10 day moving average (red line) it has just gone through the 20 DMA (blue line) This is a dead cross. When it comes back through it's a golden cross. So this is a great time to buy. Look back on the charts. Every time the red comes up through the blue there is a big moove up !






Good Luck All

Eddie

Hi Chrispine

Some reading you asked for. Investors Guide To Charting by Alistair Blair.

Using The Finacial Pages by Romesh Vaitilingam. Beyond Candlesticks by Steve Nison.

Kind Regards

Eddie

Hi markymar

Thanks for letting us use your nose, parrot & crystal ball. Without these the charts could mean anything. Good news flow is very important when deciding to hold. Hope your feeding this parrot well !


Kind Regards

Eddie

some people are losing the plot on this one
bollocks to charts start a new thread on charts if
you're so keen on them
this is a news driven stock, it only stands me at 30p
a lot of others are waiting for paybck from 1998 over 4.00
charts are meaningless in this case , hype and news drives it
long standing suporters myself included
are waiting for news which should not be far off
partners are what we want soon
then stick the pipe in the ground if water comes out
we are all knackered, if black gold
is found no need for a pension
only time will tell

regards HUSTLER

Hi Hustler

It takes all kinds to make the world go round. I'm not sugesting the charts are making the stock go up. The charts are an indicator of the stock markets feelings on any particular stock. If people are not wanting charts then I'll not post them. The charts are open for discussion. I very much agree the news will drive DES up when they announce partners / funding ect. News will be here soon.


Kind Regards

Eddie

apologies eddie you work very hard on this thread
keep it up
just getting frustrated with lack of news

regards HUSTLER

hustler we all understand your sentiment but eddie has made some good calls in the past.

it wont be long now we are nearly there.

all the best

From Behindtheline on iii

Occasionally on the board and ADVFN - rumour that the UK Gov may be involved as some sort of driver or backer of FI exploration. BGS are helping with marketing.... I just found out that HMS Endurance has side scan sonar. Would the gov allow her to be used for site survey?


What does it mean if not in the oil game?

It is normal to acquire a site survey for the following reasons:

1. Ensure no natural sea floor obstructions, canyons or anything else are present that might interfere with placement of anchors, anchor chains and subsea equipment like blow out preventers.
2. Ensure there are no shallow pocket of gas near the sea floor that could cause a blow out in the top-hole section, which is normally drilled without casing or blow-out preventers in place.
3. Check for pipelines, wrecks, other artificial debris.
4. The whole point is to protect the rig from disaster.

Only when a site survey has been carried out can a rig come and drill, this does not mean that it has been done but is intresting point.

Eddie keep up the hard work

Regards

Markymar

Eddie, I enjoy reading your charts and feel I am learning along the way, keep up the appreciated work - HM

It would appear Eddie that DES is weakening to the downside.57p area is crucial to hold.Any weakness at this point would see a quick return to 50p. Each day news doesnt arrive there are fewer buyers re-entering the market adding to the weakness.

Hi Momentum. If the price does drop to 50p would you see this as a good point to top-up, or as an indication of cheaper prices to follow. I do feel that the SP currently is built on a lot of sentiment and expectation (I am partly to blame!!!)but still feel that long-term the prospects are good.

i am watching these very very carefully because if the big boys do come in then the probability of an oil strike is to my mind that much higher , i.e. they believe but to say the longterm prospects are good without a pint of oil out of the ground ,well my response is ?

Hi Maddoctor. I understand what you mean. Obviously if you wait until the big boys are in then you will miss the massive potential gains, although clearly still achieve great gains on the back of a strike. How would you find out if they are in or not?

Stuart , morning ,no disrespect - lost many an opportunity waiting and with a whisper of a partner these will leap. Only answer is as i said watching and any sign of odd volumes and i will join you.

50p would imho be a great buying opportunity. Although long term 60p is a screaming buy.

Eddie , keep posting the charts. Shares holding up well again. They keep coming back up. IF they dropped to .5op i would buy loads more.
Cheers everyone.

Hi all

Hustler we all visit this site for news. Markymar is the man, Parrot & crystal ball. So no need to apologise.

Well with this news marky it looks like the news of drilling is getting closer & bigger.

Momentum I'm in agreement with your post. Buying opertunities definatly. I've just got rid of some under performers. I'm buying again at this support.

Thanks to all those who have posted.

The charts need I say it are still in an up trend. DES is up 480.49% since the low date of 04/03/04 which was 0.1025p. This is our main trend which is solid.
The candles that we are seeing of recent days are showing support at 0.59 / 0.60p. The long thin lines under the main body is where the bears have tried to push des down. As you can see not much going on above the main body (not much lines. correct term shadows). The longer the support is in place the more confident the bulls will be when it time to get in. The support candle was on 13/12/04 the big blue one.





Good luck All

Eddie