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

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.

Pro we went down this route yesterday and i am certainly not going down it again we shall just have to beg to differ.

Any logical posters will know where you are coming from.


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

Glad you have seen the light after reading old news and a new contract will be extended.in stead of making thing up wait till you have the RNS and read what is in it first and when it says Arcadia will not be drilling I will believe then.

Nice to see captain twit write more than 5 words....bless him

Has anyone actually heard anything of Arcadia of late ? They are oil traders and it seems the Nigerians owe them, and others, lots of money.

http://www.burningpot.com/frontpage/2294-nnpc-owes-fuel-importers-33bllion?tmpl=component&print=1&page=


However the Arcadia website is down, so no news there.

http://www.arcpet.co.uk/

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

Time will tell on who is going to have the last laugh on DES.

Probably : Morecambe and Wise.....

http://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_John-Fredriksen_5E12.html

Pro please read and keep up!!!!!!

Acadia are owned by Nigerians......heeeeee

World's leading oil tanker tycoon through control of Frontline Ltd. Made early fortune moving crude through the Persian Gulf during Iran-Iraq war. Frontline shares down 60% from 2008 highs on lower oil demand. Unfazed, Fredriksen's Arcadia Petroleum moving into oil exploration with deal to drill in the Falkland Islands. Upped stake in German shipper Tui and agitated for its breakup. Also has interest in world's biggest fish farmer, Marine Harvest. Born in Norway but renounced citizenship in favor of tax-friendly Cyprus. Runs empire from grand home in London's Chelsea district. Preparing his legacy: installed 24-year-old daughter Kathrine on Frontline board of directors.




Captain twit who said 20? Garbled on iii if you follow him you are a twit.

I didn't realise having the last laugh on DES or any other company was such an important element of trading / investing. I always thought it was about at the very least not losing money and preferably making reasonable profits. Silly me.

Well, if DES moves back to 65-70p or more, I will short it again.

peter - you were always an ass (like me!)

Richard - up yours & a happy new year

back on track, there's clearly a lot of two-way traffic which, judging from the non-movement of sp, is evenly balanced

I guess we will get news in the next 30 minutes or its going to be at the start of 2011,I have still a small amount riding on this but have money sitting at the side here ready to jump either way.

Its been a great share to trade in and out of during the year.