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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

cynic - 18 Apr 2011 07:50 - 6211 of 6492

glad i plugged and abandoned my position a few days back, though it was small enough not to have cause any dramatic damage anyway

mnamreh - 18 Apr 2011 08:02 - 6212 of 6492

.

hlyeo98 - 18 Apr 2011 08:09 - 6213 of 6492

This whole management is a crooked gang. Who knows... they might say they found a whole seaload of oil tomorrow? LOL!

mitzy - 18 Apr 2011 08:20 - 6214 of 6492

Why the fall..?

cynic - 18 Apr 2011 08:28 - 6215 of 6492

wakey wakey mitzy - see 6209 - DES is stinker .... that said, at some point (soon?) it must be worth buying as a fast trade against bear closing

mitzy - 18 Apr 2011 08:30 - 6216 of 6492

Worth buying at 12p..?

hlyeo98 - 18 Apr 2011 08:33 - 6217 of 6492

Fund raising next in line... probably at 10p. Keep away at the moment.

mitzy - 18 Apr 2011 14:00 - 6218 of 6492

Buy at 8p.

hlyeo98 - 18 Apr 2011 14:11 - 6219 of 6492

Run out of money and wells to drill now.

halifax - 18 Apr 2011 14:16 - 6220 of 6492

The only people to make money out of the Falkland oilies so far are their directors and the owners of the Ocean Guardian, whoever they may be? The losers as usual are the shareholders..... you pays your money and takes your chance.

mitzy - 18 Apr 2011 14:20 - 6221 of 6492

I fear a massive dilution.

Balerboy - 18 Apr 2011 15:19 - 6222 of 6492

Didn't cost me anything as i wasn't in old bean....dead dog from the start, glad i sold rkh in the 270's now looking to get back in....somewhen.,.

kimoldfield - 18 Apr 2011 15:29 - 6223 of 6492

It would not surprise me if DES were unable to raise any more funds. I question the viability of the entire Falkland Oil scene really, back to very speculative from just speculative in my view.

halifax - 18 Apr 2011 15:35 - 6224 of 6492

Why is RKH so slow to confirm their discovery, if they went ahead to produce some oil this would generate serious investor confidence otherwise they might just end up like Stanelco.... pie in the sky.

kimoldfield - 18 Apr 2011 15:47 - 6225 of 6492

A porkie pie?

Balerboy - 18 Apr 2011 16:02 - 6226 of 6492

Remember 20/share coming.,.

kimoldfield - 18 Apr 2011 16:09 - 6227 of 6492

:o)

halifax - 18 Apr 2011 16:10 - 6228 of 6492

they said that when Toledo Mining went to 5, where are they now?

kimoldfield - 18 Apr 2011 16:15 - 6229 of 6492

Whoever said 5 must have meant a nickel. ;o)

blackdown - 18 Apr 2011 17:20 - 6230 of 6492

I don't suppose the investors who stumped up 140p/share in Sept 2010 will be coming back for more.
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