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

Worth buying at 12p..?

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

Buy at 8p.

Run out of money and wells to drill now.

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.

I fear a massive dilution.

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.,.

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.

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.

A porkie pie?

Remember 20/share coming.,.

:o)

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

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

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

Maybe markymar will.

5p coming..?

DES is really messed up now.

The twist and turns of Desire,they have just updated there web site.

http://www.desireplc.co.uk/


"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 but less than 50% of this area is covered by 3D seismic.Consequently Desire is currently completing a 3D seismic programme in this area covering the east flank play fairway as well as the Ann, Pam and Helen prospects in other play types."
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sorry marky, but the market is underwhelmed implying that you are (currently) grasping at straws