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

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

Pro get a life....2009...when i see an RNS, if not stop deramping....hlyeo you are a twit of a bloke

Up a bit.....surprise...surprise....it's just the thing that would happen....a discovery when nobody was expecting one perhaps ?...

There will be no discovery at Dawn... mark my words ... it's just a false dawn now.

Marky - the rig contract RNS :

http://www.investegate.co.uk/Article.aspx?id=200910020700011044A


4+6 as per the above (which is in fact a DES slide from a recent presentation as a base with my comments added in red and blue)


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Proselenes is totally right

Pro Why you may not hold the shares but blatantly been trying to de ramp the last few days any creditability you may hold is going out the windowthat is from 2009 we are a day from 20011.

The last AGM desire said there was no problems about Acadia for filling there commitments until an RNS you are just scare mongering.

Hlyeo you are still a twit every one knows the chance of finding oil is 8% which is slim ..but there is always a chance hence I hold.

8% chance! .....hence I don't hold.

marky, it is quite basic common sense.

There are 3 remaining options left.

RKH have been given 2 and DES may want one.

This means there are zero options left, so how are Arcadia going to do their two ? It means that, for now, they have decided the timing is not right and do not wish to go ahead, if they wanted to go ahead then those 2 options given to RKH would not have been given would they ?

Now, I have not said they have pulled out full stop and goodbye, I have said they have decided not to go ahead with the 2 potential options on the current rig contract, the ones that have been given to RKH.

You are very edgy marky ??? Are you under stress ?

http://www.diamondoffshore.com/ourFleet/rigStatus.php

if you think the rig is leaving in March then it was a total waste of time RKH raising all that money or holding RKH shares.

You make your self look very foolish on a small B&B trying to de ramp this share, the chance are Desire finding oil in Dawn are slim but to start making things up..what was it yesterday Dawn was a gas prospect only.get a life

Stick to the facts and stop bringing up old news from 2 years ago thing have changed and so has the game.

marky, the link below is the DESIRE COMPANY WEB SITE

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

THEY CLEARLY PUT DAWN UNDER GAS PROSPECT

I mean, can you not appreciate that ? Are you blind to it ? Do you think someone from Desire put that onto their website for fun ?

marky, yes 4+6 = 10.

9+1 = 10

That latest update confirms that 7 have been drilled (with the 7th ongoing), that RKH have committed to two firm in Q1, so that equals 9 and there is one remaining option UNDER THE CURRENT CONTRACT.

RKH will likely do a new contract, under RKH control, when this present one under DES control ends.

I suggest you clam down and de-stress, you are seeing demons where there are angels.....

Time have changed and so have the game... and some people who thought this was going to 20 were totally twits and clutching at straws now.