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

Well Gibby am still waiting for my mail with some meat on it to chew over.......respect if given to those who earn it.

Cynic i think your right you start with your best prospect am still holding as its still early days and as life you just never know whats round the corner and Desire is such a roller coaster i woundnt put it passed them to hit the mother of all mothers with this next drill Jacinta is huge but has the odds stacked against her.

Twitchy times as money running out and time and prospects that can be drilled at this present time but as said early days for the Falklands.

cynic thanks for the insult - i will take as a compliment
mm i will contct you prefer a telecom rather than data
fancy a meet in the city?
but right now trouble at home
give me 7 to 10 days
i never meant to annoy you
sorry

before i log off
all shold is to year and then in your hands
gl

gibby - 26 Oct 2010 18:53 - 302 of 350
gutted - i missed this one completely - spent too much time on oilers and other stocks even after rf tipped me & others afc some days ago! but well done to everyone in afc - you deserve the rewards - i darent buy in this high now with those dasterdly mms and their crafty ways!! hope my efforts researching mxp come to fruition this week to soften the blow of missing afc - rf thanks for the nod - my head was elsewhere - gla

As you can see Marky he's a wind up merchant and has no problem with his English on the AFC thread..ignore totally!

nah,; he's not that bright ..... he's just a tosser - i should know

chav i dont have time
my funds are flluid
thnigs change i remember cynic shorting des
i trade thats all and invest
cynic am i that thick?
i have problems at home hence short message
i tred to spell corretly as noted other comment

before i log off
tell me how many typhoons in fi location - answer 4
argie mirages 200 + even crap planes over whelming then the sams
uk carrier fleet - ZERO
arg budget a disaster as is uk thanks to labour
i am told a deal will be done but des has other problems like no oil and supply chain a long way ie uk fleet
and the deal may suit des et cetera
gl

Looks like 2 x Type 42 Frigates and all of our Harrier force are to be sold on the open market.
Wouldn't it be ironic if it all ended up in Argentina?!!! Or are they only able to afford ex-2nd World War stuff?

HC i am gutted - our brave lads and fought hard - now the guts taken out
Makes me sad on top of my gf illness
Take care

do i feel an attack of the "squelch button" coming on?

bollicks springs to mind, RNS on Monday morning of spud,

sorry marky, but have just shorted these ...... couldn't get many done at the price i wanted, but shall try to top up on monday

that'll make it rise on monday then.....well done cyners.,.

well would be nice to see some body make some money out of Desire because i cant!!!!

When i think it may go up on news of spud on Monday it will go down knowing Desire.

though i haven't analysed, i'm sure i must have made a decent sum on DES, primarily thanks to you

=======

not quite right ...... an overall acceptable profit, but an awful lot of dealing for that result!

u made more than me cynic out of Desire,,,,,,,Rns Monday.....sorted!!!! done deal

NOW will it go up or down?


Dawn looks slightly sexy, jan am not to sure, but a 2 some happy days!!! minus 8 tonight so have blown some snow over to you tom cynic so you know how us poor Northumberlands guys feel.

Clogs with spikes needed can sell online if wish,chav in snow shorts if wished...not pretty

hope chav has put his fur lined thong on.,.

He will need a little more than that after seeing the weather forcast,looks like its are turn tom to get the snow.

Operations Update



Desire Petroleum plc (DES:AIM) the oil and gas company wholly focussed on the North Falkland Basin, wishes to provide the following operations update.

Dawn / Jacinta Spud

The Company is pleased to advise that the Dawn/Jacinta 25/5-1 well was spudded at 14.40 hrs (GMT) on 18th December 2010.

The well is located in Tranche I in which Desire has a 100% interest.

The well has targets at two levels. The Jacinta prospect is a Lower Cretaceous stratigraphic sand pinch out trap with a target depth of around 1,000 metres. The deeper Dawn prospect is a 3-way dip, fault bounded closure with a target depth of around 1,350 metres.

The total depth of the well is planned to be around 1,670 metres and is expected to take 30 days to complete.

Announcements will be made once logging is complete at each of the targets or as appropriate.

Ocean Guardian

After the Dawn/Jacinta well, it is planned that Rockhopper Exploration ("Rockhopper") will take the rig for 1 or 2 slots before the rig returns to Desire to drill a well at a location still to be decided. A further announcement will be made on the rig movements once details have been finalized.

3D Seismic Activity

The 3D seismic vessel Polarcus Nadia has commenced operations on the new 3D seismic programme in the North Falkland Basin in a joint survey with Rockhopper. Operations are expected to be complete by the end of April 2011. The Desire part of the programme will result in full 3D seismic coverage over the prospective East Flank Play Fairway on Desire acreage. Desire estimates that only circa 40% of this play is currently covered by 3D data within the Desire operated licences. The new 3D seismic is required to identify and map the target sands in this play. The priority area, where operations have started, is in the north east of Tranche D.

The existing 3D survey will be reprocessed and merged with the new data to provide consistent, high quality 3D data over all of the play fairway on Desire acreage.

The final merged data are expected to be available for interpretation during Q3 2011.

For further information please contact:

Desire Petroleum plc 020 7436 0423

Stephen Phipps, Chairman

Dr Ian Duncan, Chief Executive Officer



Seymour Pierce Limited 020 7107 8000

Jonathan Wright/Stewart Dickson,

Corporate Finance

Richard Redmayne / Paul Jewell,

Corporate Broking



Buchanan Communications 020 7466 5000

Ben Romney

Tim Thompson

Chris McMahon