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

absolutely ...... first cut is the kindest

You didn't say that.....all those years ago??????? did you!!

sure did when i held my older son ..... i remember my dad wincing at the time!

Stop.... Far too much information!

lol

Not a ramp but I would sell and take a punt on MTA

Perhaps another big vote of no confidence in the DES license area's ?

Wonder if Arcadia will try to team up with RKH or ARG now ?


http://www.desireplc.co.uk/investor_relations_other_news.php?article_id=190


ARCADIA ASSIGNS FALKLANDS ASSETS

Following permission from the Governor of the Falkland Islands granted on 8th November, 2010, Arcadia Petroleum Limited has arranged the assignment of its assets in the Falkland Islands to Denholm Oil and Gas Limited.



Colin Hurley
Director
Arcadia Petroleum Limited

.

DOG !!!

So now DES and DOG go together........






(Denholm Oil and Gas)

Get a life pro move on your sound sad and twisted.

I actually very jovial and happy, and bloody glad I am not holding DES :) !!

What do you think of this rather shall we say "quiet" way that Arcadia have pulled out ?

sounds more like you have a short open the way your going on,if not you need to move on,life is to short.

Pro i dont think you know what your talking about when it comes to Arcadia your the man who thought they were run by Nigerians.......what a laugh

.

Very subtle! Just goes to show how 1 letter can change a meaning.

.

Indeed, but I am not shorting marky...... ;)


And life is long and not TOO short ;)

Usual Pro waffle. Must be a management consultant.

I am not or have ever been a holder of Des.
But I wish that Des as I do all the FI oil explorers find oil in production quantities, as the more oil found in these fields the better as this will mean savings for all due to the cheaper cost of production for every barrel found, due to the cost v production being bought down pro rata per barrel.
Both the pipeline and shore based infrastructure will be cost reduced for greater quantity of oil flow.
Of course being a holder of Rockhopper and Fogl I hope they come out on top re figures.
At present Rockhopper are winning the race, but it is as always great to post views with hindsight.
For my own decisions, I went with the Rock with my main investment with a smaller investment in both Fogl and as a spread risk FKL.
The Rock over Des decision I believe was 50% research and 50% on luck.
It worked in this instance, but who knows next time.
Naturally I am pleased that it is Des and not Rock who are suffering (obviously because I am in Rock and not Des), but I would sooner both were winners.
To all Rock investors, be pleased that Rock is going great, but don't gloat at the Des situation.

Good post Greekman - It would be good to have a few more positive discoveries to give the FI oil industry more stability and future. It is very early days.

I now hold FKL, RKH and a small amount of DES - having sold the FOGL at a small profit prior to September