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

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?

Hi Berlingo

Well look at the 05/11/04 & 08/11/04, keep some nails incase the volume gets lower.


Kind Regards

Eddie

Eddie
I`m still in at all levels! Obviously down on a sizeable chunk at mo but i am holding out. I mean whats the worst case scenario here? That no one wants the f
arm in , has this happened b4 ?
Regards

Hi Berlingo

I don't see the worst case scenario. DES would not let things go this far witout making an announcment, if there were no farm in partners. As Markymar says lots of partners lots of holes. It would take time to negotiate all of this. Look at all the other news Markymar has posted. All the other interest around this area. It's not for nothing!


Kind Regards

Eddie

Thanks again Eddie
All the best
Berlingo

Marky, not sure if the Tranche B trail may be a red herring!

Response from Falkland Islands regarding the status of Tranche B:
----------------------------
Dear Jon

Thank you for your email. I can confirm that Tranche B has been
relinquished by Shell and has not been re-licensed. If you want more details
about Falklands oil exploration, please get back to me here in the
Islands or you can contact Dr Phil Richards our consultant petroleum
geologist, at BGS in Edinburgh. His email address is pcr@bgs.ac.uk.

Regards

Phyl

Cheers Jon i think we are all in the dark and i hope news soon.

This has dragged on and hope the news is good and makes up for the delay.

Regards

Markymar

markymar,

As they say..."no news is good news"...But if the news was bad it would
have been announced long ago.

All RNS`s have been positive regards surveys and farmin negotiations,and emails
that i have received from Anna indicate positive RNS will be given when they
are in a position to do so.