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

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?


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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.

The sinking Desire... like the Titanic.

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

sorry to those who did not

this sould be the end of des i am afraid imo

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

Yep, and there's nothing quite like the board muppet gloating over other people's misfortunes (and no, I don't hold DES and haven't done since RKH hit).

And some other muppets that ramps up worthless shares.

Try and show some class for a change by being gracious in defeat and likewise in success, although I doubt it is in your character to do so.

There are also some muppets who love to preach but do not practise what they say. And also sit on the fence all the time.

what's up with some of you guys who not only lack basic manners (hlyeo), but all too readily descend to fairly personal abuse?

Yeah, you bunch of t*ssers. Get a grip and stop acting your shoe size! ;o)

Richard, BBs seem to bring out the worst in people (probably including me). I dislike rampers and bashers in equal measure, but to see posters gloating at the misfortune (whether by taking a loss or selling too early) of others is especially despicable. But I guess the people who post in that manner have to be comfortable with their own character failings. I'm happy to still be in this game after a number of years with a measure of success and knowing I have also helped others to make a few bob.

thoroughly agree, especially re gloating at the expense or misfortune of others

Do people actually realise that Dawn is a "gas prospect" ?

It was viable if Jacinta had oil, but Dawn being gas (and small as well) on its own is nothing.

I think many people do not even realise that DES have Dawn down as a small gas
prospect.........

http://www.desireplc.co.uk/technical_volumetrics.php


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no i didn't, and many thanks for that .... strengthens the case for shorting even more