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

Just when i thought we were gonna have our first straight trading line today for the 1st time in months (anyone remember the last ?), it all goes mental after lunch!!
Good buy backs though.Could be after a quick profit.See what occurs tom.Starting to bite my nails.
Good luck everyone.

A lot of people with no patience today. Silly boys, couldn't see a pot of gold if it hit them between the eyes.

sailing down under if you ask me!!

Nah, if you look at the volume & trades, it is all small PI's bailing, a big drop on marginal volume is only a scare. I think volume is the key indicator here into what is going on. Does not look like a leak to me.
Hopefully we will see some buying now. Please!

This share was 62 pence just 6 days ago. That = a 14% drop in just 6 days. Seems like somethings leaking if you ask me. My advice is to bail out ...and quickly too!!!

Average trade size so far today is approx 7000 shares = around 4000, only 4 trades >25000 shares (14000).
Hardly word of leak is it?
The share jumped from 50-70 on specualtion of an announcement, that hasn't come so they have slipped back. AAslo rumour of a placing at 50p will have added some downward pressure.

I think your advice to "bail out..and quickly too" shows a lack of understanding with regard to recent price movements and "seems like something is leaking" show a similar lack of understanding of trade sizes & volumes.

You are just deramping.

best wishes
Jon

...er ...as opposed to ramping you mean??
This share is a dog with fleas. I repeat, bail out. Now!

The following certainly cheered me up this morning. It was posted on another board and Im sure that they wont mind it being copied here. There could be a lot of truth in this and potentially sum up where we are at the moment.

ok picture the scene...Mr phipps arrive at abc bank and says "hello abc bank, i have the investment of the century for you...take a look at my lovely survey..there is oodles of oil down there, we know this, we have seen it....i need to raise some cash though so i dont get rumped over by the big boys and i retain a good percentage of profit from output...so how about we issue 20 mio quids worth of shares to you at 50 pence, you promise not to sell them for a year (and this alone will show the mkt whjat confidence you have in desire)...we then announce we drill in august and the price will ratchet up all the way...when we drill and find oil ur laughing...your 20 mio quid investment will be worth a bucket load more in 12 months time and roberts your mothers brother so to speak! what do you say?"
ABC bank chief..."nice pictures, your done...i will invest...when we gonna announce?"
Phipps..."how about FEB 3rd? im not in on the 2nd, round of golf at the grove you know"
ABC bank chief..."yeah done, so in 2 days time..have a lovely game of golf Mr P"
Mr P departs stage left

ABC bank chief..."hey, chief dealer of abc bank, where are desire shares at mom?"
Chief Dealer..."57-59"
ABC bank chief..."3 days till announcement...lets hit the bids for a cart load and then buy it back on the bid later when the price has collapsed"
Chief Dealer..."cracking idea...right i have sold 1 million quid worth and the price is collapsing....i will bid them back at 53 pence"
ABC bank chief..."wonderful, would you care for a coffee while we wait? milk? sugar?"
Chief dealer..."many thanks old boy...black one sugar please...well look at that, we just got given a million quids worth of shares at 53 pence...thats a nice 4 penny profit...now lets buy some more at this cheap level, get long, then get longer when we get our 12 month fixed shares...the extra shares we buy today we can freely trade when the price hits 1.20 next week...even more dough ray me in the bonus bin at the expense of the little share holder who panicked"
ABC bank chief..."wonderful, now im just off to buy a new set of golf clubs for mr phipps as a way of thankyou"

Curtain down, standing ovation from the audience.

take a look at pet just before the anouncement in late sept took a dive. hang in there news will be out sooner rather than later

I heard that "Pro" visits the threads of many shares talking the price down in order to buy cheap. Any views on this.

Pro - A dog with fleas? you seem to lack the ability to argue your case, were you badly educated or do you think canine parasites are linked to the intricasies of farm-in arrangements? A reply slightly longer than one sentance would be helpful if you can manage it - unless of course you have an ulterior motive for your message :-)

I have what you seem to lack. Business acumen. If you wish to get cute with verbosity -do so. Me? I'm outta here just as quick as I gotoutta DES.L!!!

good luck and good riddance.....

Rest assured that luck plays no part in my financial acquisitions -good nor bad. As for "good riddance" impertinance and rudeness do not befit you well. I speak as a lady of some refinement. Saying I'm outta here does not mean a projection into the stratosphere -merely a detachment from those inferiors who would deem themselves superiors. Desire Petroleum makes no money and lives on nothing more than hopes and immanent announcements. Bit like some folk, I guess.

It does make you wonder about block B that with 300km of 3D seismic already been shot over it why has another company not taken it over, so I can only come to one conclusion that block B will be used as a sweetener to lure a major in to the NFB as to the likes of Shell who will get lets say 70% stake in block B and Desire get 12% and other parties get a %.

Just remember the shell block had free flowing oil to the surface and also had good gas shows hence the flaring from the rig, I believe there is a much bigger picture going to take place here which will knock as lot of people off there feet as to the sheer scale of what has been going on in the background when news breaks.

Regards

Markymar

I am a lady you know..lol...

Don't forget that Shell had this area covered (before Desire went in and took the gamble) -and rejected it. Shell aren't infallible but what are the odds against them being proved right??

"a lady of refinement" who wishes to be called a "pro"

game on

ming

4.82% down again today. Game OVER I'd say!!

Nice one Ming, interesting that all the 100k trades today were buys, small investors out and the serious ones taking advantage?