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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

markymar - 24 Dec 2010 09:12 - 5915 of 6492

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.

splat - 24 Dec 2010 10:31 - 5916 of 6492

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.

hlyeo98 - 29 Dec 2010 07:33 - 5917 of 6492

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.

hlyeo98 - 29 Dec 2010 08:14 - 5918 of 6492

Well, 51p now.

cynic - 29 Dec 2010 08:44 - 5919 of 6492

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

chav - 29 Dec 2010 09:14 - 5920 of 6492

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

cynic - 29 Dec 2010 09:20 - 5921 of 6492

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

chav - 29 Dec 2010 09:30 - 5922 of 6492

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

markymar - 29 Dec 2010 09:32 - 5923 of 6492

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.

cynic - 29 Dec 2010 09:32 - 5924 of 6492

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

mnamreh - 29 Dec 2010 09:32 - 5925 of 6492

.

Proselenes - 29 Dec 2010 09:35 - 5926 of 6492

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.

cynic - 29 Dec 2010 09:38 - 5927 of 6492

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?

chav - 29 Dec 2010 09:45 - 5928 of 6492

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


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

Proselenes - 29 Dec 2010 10:02 - 5929 of 6492

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

coeliac1 - 29 Dec 2010 10:37 - 5930 of 6492

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.

hlyeo98 - 29 Dec 2010 11:19 - 5931 of 6492

The sinking Desire... like the Titanic.

gibby - 29 Dec 2010 11:52 - 5932 of 6492

hlyeo - well done on short - cynic i believe you did also - ditto hear

sorry to those who did not

gibby - 29 Dec 2010 11:53 - 5933 of 6492

this sould be the end of des i am afraid imo

hlyeo98 - 29 Dec 2010 12:20 - 5934 of 6492

The management stinks and doesn't instill confidence... remember Rachel... got oil discovery then oops just water... LOL.
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