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

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.

I know it’s a bit late in the day to mention the Canadian trip, but I feel its significance has been slghtly overlooked.

Part of my business is to organise trade missions for overseas dignitaries wishing to attract business to their home shores. These trips are usually budgeted as economically as possible, as the costs and the reasons for the trips are always open to public scrutiny.

Usually, after intense research, businesses are selected that could be mutually beneficial to each other. Meetings are proposed and deals are done. The reasons why these trade delegations are so effective is that they are in a position as mediators to conclude a deal between two major companies by issuing tax incentives applicable from whichever state or country the company is registered.

The Canadians as with any other trade delegation would not go to such lengths and at such cost just to say hello. I must make clear that research and appointments are normally carried out long before the actual trip takes place. Very rarely are appointments made on the spur of the moment. They would only venture this far if they had a sure fire proposition and something significant to gain. It can only be seen as a trade mission with the sole purpose of mediating between one of their own oil companies and a company like Desire.

Desire is not the only company with licenses. However, in terms of getting oil out of the ground, they are very much ahead of the pack. This makes them prime targets for the Canadians.

If Shell's announcement tomorrow holds no light on a partnership with Desire. I feel sure a partnership with the Canadians will be announced shortly after.

Good luck Guys.

florida i think your right about that Canadians trip and they seem to meet some interesting people over there.

Come on Eddie stick you head on the bloke and lets see a graph and your thoughts or are you waiting for maybe some news from Shell tomorrow another long shot but who knows.

One good thing at the minute with Desire is it gets me out of bed early every morning hoping we might get news who needs an alarm clock you go to bed thinking of Desire and wake up thinking of Desire. "SPIV" comes to mind.

Regards all

Another day closer

Markymar