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

Mr P .... my question was almost rhetorical, as anyone who takes a quick look at the charts so readily available here will be able to draw their own conclusions

your analysis of my own record just goes to show that you aren't much of an analyst! ..... as it happens, i have had an amazingly good year, following on from the previous one ..... i have not even heard of AST or EOG, but certainly my own winners - where i have actually banked substantially profits, but have either bought back in or hold a balance - include both RKH and XEL .... however, unlike you, i actually admit to have made some bad choices along the way - it's inevitable, yourself excepted of course - but other than PXS and BLNX (for which i retain strong hopes) i bit the bullet and dumped

Got to laugh at the hypocritical double standards; I think I have Pro on the top of the abusive posters list.

I wonder what a non commercial announcement will do to the DES SP? I assume the markets will take into consideration the continuing proving of this NFB area, so I guess it won't be too damaging. But as always, one can only guess.

good morning Peter ..... glad i managed to miss the freeze for a week in an open prison (aka hotel compound!) in Nairobi ..... next conference venue (mid April) will be Rio, which I shall assuredly attend!

DES
i have been trading this on and off and yesterday sold half for an adequate profit ..... not sure what i shall do with the balance ..... my gut feeling is that there isn't much upside, which implies that sp will slip away until there is something a bit more exciting in prospect

Steady on....they are testing the oil...I think it's called api rate ..(not sure)....there is a big chance that the oil will be exactly the same as Sealion, and therefore a rns confirming this will be issued....now if I remember correctly : the last time RKH came out with the kind of oil and all that : the sp shot very much higher and this was issued not long after the first rns,...so perhaps this week...a super little rns confirming that there is a distinctive strong possibility of oil all over this part of the basin.....with something like that : I would be hoping for 150p.....

150 is barely 10% higher than friday close, and though oil may indeed be same quality as Sealion, the chances of there being significantly more than 50 mbl are not very good ... i stand by my previous comment

I sold the lot in morning and same amount back at 1.29p with a nice profit left in the bank.,.

There is also the possibility of another well being spudded in the same area...perhaps just a few miles away...we shall see....much more optimistic now for these Falkland companies and the price of crude is rocketing...

Water water everywhere..

Back to 80 p today.

o dear..................not what i wanted to hear,,,,hard hat on and back down the mine

Is this going to affect P's 6 figure profits?

Trades @70p..

Damn...

A complete Disaster.

How did they get it so wrong again......fooking water

It's a cold cold day!

glad i sold about 1/2 on friday ..... bit the bullet this morning on the balance at 71.5

MARKY - i do so hope that you banked a huge lump of the well-earned profit you made on RKH and haven't just blown it all out of the window again

Bought a few more....if there are oil shows...oil in quantity might be somewhere there....as sealion is not that far away......but this is a blow today after the previous announcements....

No Cynic all blown.....whats done is done.......Rkh still my biggest holding

Well...I'm expecting a rebound....perhaps 10 to 20p....