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Desire Petroleum are drilling in Falklands (DES)     

markymar - 03 Dec 2003 11:36

free hit countersDesire 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

blackdown - 24 Nov 2010 14:14 - 5550 of 6492

Try a larger size.

avsec - 24 Nov 2010 15:46 - 5551 of 6492

Pros

I'm sorry to hear, in response to a question about your anatomy, that it is your shorts that might suffer....

Proselenes - 26 Nov 2010 04:26 - 5552 of 6492

Word is the section above the target zones is now nearly complete and they will be drilling ahead into the target zones probably through Sunday/Monday.

Therefore, watch volumes and rumours on Monday/Tuesday because that will be the time.

Proselenes - 26 Nov 2010 04:36 - 5553 of 6492

Shorts building up in DES, the stock on loan is now fast approaching 5 million.

Chart.aspx

That is going to make for one really big shorts closing rally on any good news. Might see a spike over 250p.


chav - 29 Nov 2010 16:05 - 5554 of 6492

Very quiet here despite DES putting up a lively show this Afternoon!

markymar - 29 Nov 2010 16:13 - 5555 of 6492

Just got in from making snow men Chav.....nice to see the rise

chav - 29 Nov 2010 16:39 - 5556 of 6492

Went shopping at your closest Tesco's this morning Marky and never got back till 4, so missed some of the fun myself....interesting to see how the rest of the week goes!

HARRYCAT - 29 Nov 2010 16:40 - 5557 of 6492

RKH blipped up in sympathy but couldn't hold on to the gain.

Proselenes - 29 Nov 2010 21:16 - 5558 of 6492

There should be surprise to striking oil. Will be nice to see the shorters burn and suffer this time.......

required field - 29 Nov 2010 21:25 - 5559 of 6492

Bought in first thing this morning.......nice surprise to see the rise.....

markymar - 29 Nov 2010 22:53 - 5560 of 6492

Chav just finished been at the mine and went to Tesco in tractor and it sliped all over in car park just as well it has snow clogs on............speeeeeedos on tom as i can smell the soup.

Proselenes - 29 Nov 2010 23:33 - 5561 of 6492

Rumours are DES is drilling through oil charged sands now.

Would be lovely to see the shorts get well and truly burnt.

Third time luck DES ? I hope so........

Proselenes - 29 Nov 2010 23:47 - 5562 of 6492

The Sun appears to be hearing rumours.....


http://twitter.com/steve_hawkes

.....Word is they're cosying up close to Rachel again

about 5 hours ago via web in reply to dwaynequinn......

Proselenes - 30 Nov 2010 07:28 - 5563 of 6492

Under Market Report.

http://www.thesun.co.uk/sol/homepage/news/money/3251778/British-Airways-pledges-to-take-on-world-after-merger.html#ixzz16kBuEJ1G

.......DESIRE PETROLEUM jumped 17p to 131.25 on fresh rumours over a discovery at its Rachel field in the Falklands.......


.

greekman - 30 Nov 2010 07:45 - 5564 of 6492

Not one to take much notice of rumors, but if the sp shoots up again, they must surely release an RNS stating either that oil containing sands have been reached or that they know of no reason for the price hike.

Proselenes - 30 Nov 2010 07:57 - 5565 of 6492

greekman, no need for any RNS.

DES is the most volatile stock on the AIM and they are allowed to go through large swings without the need for an RNS.

The later the better IMO, maybe Thursday would be good or Friday morning.

required field - 30 Nov 2010 08:13 - 5566 of 6492

The way the sp is going....looks like they have hit something....

markymar - 30 Nov 2010 08:32 - 5567 of 6492

Plenty of Volume...which is good.snowman making again chav!!!!

mitzy - 30 Nov 2010 08:50 - 5568 of 6492

Incredible performance.

required field - 30 Nov 2010 08:51 - 5569 of 6492

Yes....any leaks anyone ?......sniff of commercial oil in the air perhaps ?....
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