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

Another big gamble here.....at the moment nice profits showing but I might be forced into staying put until next drill in the event of a commercial hydrocarbon no show....

Greek, DES were given an allowance to not comment on larger swings that what might force other companies to release an RNS.

This was due to its extreme volatility this year.

Proselenes...does your source say oil or no oil ?...I presume oil...

rf...I think Pro's source is the various BB's, so you can read them all and make your own mind up!

That's the problem....I can't.....unless I have some bucks fizz.....sorry.....

lol...it's never easy!

Sauce, says drilling through oil charged sands.

Drilling ongoing, perhaps some news Thursday ?


DYOR, NAG.

Oh, an oily, sandy sauce now?

would that be brown sauce.......

Sp now tanked. currently 107p.

So what happened to the big surge upwards?
Not looking so healthy now and glad that I didn't add yesterday in anticipation of the good news .....

Maybe just a tree shake? Flush out the weak holders???

Good ol' DES doing its move again.

Too big a fall for a tree shake

Exciting, looks like a great bear raid........

Can always say DES is exciting... :) LOL

That's a big tree shake.
Nothing on the RNS front to account for it (yet).

RKH they spread a deliberate false rumour of super heavy oil to get the drop before the big news on Sea Lion.

Wonder if they have spread a "duster" rumour on DES to get it to drop before the news of an oil strike is released ?

Who knows.....

Someone is posting on a competitors site that, 'This share is a dog/The well is dry'
Mind you we saw the same type of posts pre the strike by Rockhopper. The truth is, that if anyone knows oil or not, they wont be passing the info onto us.
The thing is that whichever way it goes, there will be posters crowing how, They were right all along and I told you so.

Amazing bounce. Good luck to all who managed to play that one! If only.....!

Who the hell would buy right now? it is so dodgy. Its bad enough holding some. Its got to come up a strike this time or it'll all be over for DES I fear.