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

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?

Pro


The reason Shell rejected B block or ex shell block was because oil was at $10 a barrel and to extract oil would cost about $18.

More buys than sells today and the price is marked down; wouldn't be because of an impending announcement of a rights issue at 50p per share by any chance ;-/

Only more buys than sells oily because it was marked down.

Hi all

I managed to top up this morning again, @ 0.578p. Looks like we have had some differnces of opinion on the board today. Oh well. I still say it, DES is still in an up trend (main trend).

Here is some information regards the the trend. This suggests the main trend is still in tact.


3 Months ago 6 Months ago 1 Year ago Increase from low
(+108.65%) (+56.12%) (+371.74%) (+429.27%)

(can't get the above to line up for some reason)


If there is a rights issue about to be posted. Then this might be the reason for such a deep retracement. The change has been (20.22% over 15 days) an average of 1.348% per day.

Compare this to the rise on these dates.

05/11/04 0.00%
08/11/04 0.00%

09/11/04 +33.9%
10/11/04 +33.3%
11/11/04 +15.0%

Look at how the market had very little volume, just before the big rise! Can I also add there was a doji candle on the 29/10/04.







Good Luck All

Eddie

Hi Markymar

What you done to that parrot ?

Hope it's well enough for the big news!

Kind Regards

Eddie

Hi Momentum

Is DES still screaming Buy ?

I think it's Berlingo that's been selling. (he holds the most).

Kind Regards

Eddie

Thanks Eddie.Your facts and figures make me feel a little better tonight following a frustrating trading day.
Good luck tomorrow everyone.Tension or what at the moment?