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

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

People are selling this lousy share now.

Captain hlyeo people are also buying this share, if your going to deramp it try to string a few more words together and give your reason why.

If your not capable of making a valid point then crawl back under your stone.

hlyeo98 - it's a share, in that respect it is neither lousy nor good. If you think it is going to drop, short it. If you think it is undervalued, buy it.

Are you going into hiding now, markymar?
After all these years of research, it all comes to nothing.

No hydrocarbons at all in Jacinta.

Yippee! Shorted on X'mas eve.

Well, 51p now.

sorry to say, but i did post a little while back that i thought DES was a busted flush - and backed it accordingly

Will Dawn be the start of a new day for DES?

in the antarctic, there is no daylight in winter - NO!

In the Antartic it is Daylight 24 hrs in the Summer....Dawn all night!

Captain Hyleo all my research comes to nothing, you are a twit!!!!!!

All my research got me buying RKH from 12p now 3.64p

Now crawl back under that stone.

so you want to wait another 4/6 months in hope then?

.

The price is holding up, but you have to expect that given so many have lost so much, there is no point selling now they might as well "gamble" on the Dawn prospect having come this far.

If (as I expect) Dawn fails then the share price will really get hammered, perhaps 20p or below is on the cards then for a period.

holding up?????????
what planet are you on??????????

however, i agree re your comment about Dawn, and what odds of THAT coming up with other than sand?

cynic - 29 Dec 2010 09:32 - 5924 of 5927
so you want to wait another 4/6 months in hope then?


???????????????????????????????????????????????????????????????

cynic, I say holding up as I would have expected around 35p at the moment........

Unusually I agree with PP on this. Even then it is only worth 35p in hope value if you think Des will actually strike a gusher and the way things are going they will run out of cash before that happens.