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Desire Petroleum are drilling in Falklands (DES)     

markymar - 03 Dec 2003 11:36

free hit countersDesire 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

markymar - 08 Apr 2011 09:54 - 6170 of 6492

Stand by for oil rumours next week,order book looking good so far to day on level 2 at 10% so we might the SP pushing towards the 40p mark in the next few days.

markymar - 12 Apr 2011 13:38 - 6171 of 6492

Good to see the price starting to motor,either mu level 2 is playing up or its just gone in to market.......some things off

Sequestor - 12 Apr 2011 14:06 - 6172 of 6492

too many need to cash in to allow it to stick up.

markymar - 12 Apr 2011 14:12 - 6173 of 6492

Volume is there and greed is a funny thing it will shoot back up.

Sequestor - 12 Apr 2011 15:28 - 6174 of 6492

hope so.

ptholden - 12 Apr 2011 22:27 - 6175 of 6492

Maybe there is truth in the old adage of buying unloved stocks (or something along those lines). Interesting day, no doubt helped by shorters scrambling for the exit. Rumours prevail once again, wonder if this time they are right?

markymar - 12 Apr 2011 22:39 - 6176 of 6492

They usually say in the oil industry that the odds of hitting oil is 4 to 1 or 5 to 1 well pardon the pun lets hope we are lucky, already holding quiet a few and bought another 30,000 today.

So far its a good sign that oil is in the top sand,there is a buzz going round the Falklands at the moment hence i topped up.

cynic - 13 Apr 2011 06:26 - 6177 of 6492

i certainly find it interesting that while DES is rising, RKH is falling, surely implying that it's much the same band of PIs merely switching from one to the other ..... certainly if DES finally finds something at ninky (i still have very strong doubts) sp will boom by a much larger % than RKH, but RKH remains (for me) much the safer punt

markymar - 13 Apr 2011 08:07 - 6178 of 6492

Its Official now that its in the Sun.......LOL


Among the minnows, DESIRE PETROLEUM rose 3.5p to 39.50 on talk its do-or-die well in the Falklands had found "oil shows".

cynic - 13 Apr 2011 08:11 - 6179 of 6492

somebody knocked over the oil can and didn't clean up properly

required field - 13 Apr 2011 08:15 - 6180 of 6492

That's what they thought at first when they discovered the forties oil field in the north sea.....I'm not in this one...could crash to 10p or less or it could go past the pound mark....faites vos jeux ...messieurs-dames...

Sequestor - 13 Apr 2011 08:18 - 6181 of 6492

rien n`a plus!

markymar - 13 Apr 2011 08:22 - 6182 of 6492

I dont know why i have so many at the moment as i know i will stress out and get twitchy....crackers

Sequestor - 13 Apr 2011 08:37 - 6183 of 6492

hmmm,
don`t envy you holding too many of these marky`, they are about as stable as Gaddafi,I have a few which I must close today- or suffer your twitches

markymar - 13 Apr 2011 09:18 - 6184 of 6492

Sequestor....cynic tells the jokes on this thread...lol..got good volume today i see there is a big sell of 350,000 at 41p on level 2 now if that get bought up it gets intresting.......thought i would get Twitchy with my fav girls......Ninky looking good

required field - 13 Apr 2011 09:22 - 6185 of 6492

If they do hit a commercial find : it will send all "foilkies" sky high.....

Sequestor - 13 Apr 2011 09:25 - 6186 of 6492

too young for me , marky`, heart attack jobs <:0{

cynic - 13 Apr 2011 10:02 - 6187 of 6492

marky - if you have L2, you'll see there's swathes of sellers lined up between 40 and 41 .... many of the ones at +/-40 are MM in blocks of 10k, so more than liklely that there's bundles more behind as well

markymar - 13 Apr 2011 10:57 - 6188 of 6492

It didnt look to healthy yesterday Cynic but it all changed very quickly the Easter bunny is up beat so I guess I will see which way he hops in the coming days..

avsec - 13 Apr 2011 10:57 - 6189 of 6492

"too young for me , marky"

"there's swathes of sellers lined up between 40 and 41"

.........and all this on a "Desire" thread?

Wonderful!

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