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

Now everybody agrees that DES is a doom and gloom company?

no - only me (and you?) who rattles like an old tin drum

and me too and I'm thinking about stopping my short for a profit, what do you reckon?

never go broke taking a profit as i always preach, but in this instance, i'm letting mine run - short from 67p but not a massive quantity; in value, a bit more than my long (50% norm) in RKH if that's a guide

Stopped my short from 65p to 41.5p. Not bad for a week.

Well I'm with Harry and RF. I should have gone much earlier but let greed overrule my instinct. Now it would be only be a loss to put against CGT so it is, IMHO, better to stick with it and take a punt on a future rise through RKH activity or a possible (unlikely) oil find later.

PS Hlyeo has joined Gibby and Master RSI and it makes the thread much quicker to read!

banked 1/2 at 45.25 .... seemed prudent .... if there is then a quick surge to mid 60s, then shall prob short again

its in auction

anyone know why its going mad?

there is a rumour they have found something at Dawn td - we will see - i hope they have - stopped my short earlier this morning - may buy now!!!!!! gla

+5p is not going remotely mad .... furthermore, buyers and sellers are now pretty much balanced though volume is exceptionally heavy ... however, that could just as easily be bears taking juicy profits

Pump and dump ?

Thanks for the message marky.

the rumour, from wherever it came, looks to be built from dust - bit like DES's results to date - and sp is already slipping back

No Probs Chav.....That just Desire Cynic, you just never know!!!! They should be near TD i would of thought or next couple of days.

Still turning over a high volume of shares.

Are you lot having problems with viewing the pages ?....not getting anything except the blogs....

I have made this simple "Oil Map of the North Falklands Basin", its quite easy to follow, simply follow the red arrows to find the oil migration from the green coloured kitchen area......

Hope it helps ;) (tongue in cheek)......



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For those wondering why RKH have not got into the new rig contract yet, it appears Arcadia not going ahead with their 2 slots has allowed RKH to take them and therefore the rig is still under the old contract for perhaps another 5 months.

As explained below, excuse the typo in there.... :)





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Arcadia is probably deciding not to drill yet looking at DES abyssmal results