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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

required field - 07 Jun 2011 08:21 - 6263 of 6492

I was right it seems about a rebound here....

markymar - 07 Jun 2011 08:25 - 6264 of 6492

That 600,000 gone RF,if you get past 17.5p u could have a flyer at present its 35,000 buy sell 95,000....good luck

required field - 07 Jun 2011 08:28 - 6265 of 6492

With the potential around the Falklands.....12 or 13p was ridiculous....and it could be that the main fan extends southwards in DES's patch but they have just missed it with the wells they have drilled somehow....so perhaps the sp might stabilize around the mid twenties.....just guessing....

markymar - 07 Jun 2011 08:41 - 6266 of 6492

RF the book is looking strong,not sure where all the buys are coming from but am tempted to buy in....will carry on watching.

cynic - 07 Jun 2011 08:44 - 6267 of 6492

DES is now an out and out gamble, the odds of its success or even survival becoming longer almost by the day ..... personally, i see no point at all in buying these other than with the full acceptance that may well lose all, especially if you already hold RKH

required field - 07 Jun 2011 08:47 - 6268 of 6492

I have 95% in RKH and just 5% in DES.....for me just a little gamble on a rebound....and with RKH flow tests ongoing....it's pulling DES back up a bit probably...

markymar - 07 Jun 2011 08:52 - 6269 of 6492

87,000 v 95,000...........cynic am thinking in and out the book looks good worth keeping an eye on.

markymar - 07 Jun 2011 09:10 - 6270 of 6492

i have DES in Auction

required field - 07 Jun 2011 09:17 - 6271 of 6492

Past the 17.5p Marky....perhaps the high might be in the twenties...?.

required field - 07 Jun 2011 09:29 - 6272 of 6492

18p...18p...do I have 18.25p....the gentleman in the corner perhaps.....going..going...18.25p...18.5p.....do I haave 18.5p.....the lady in backround perhaps with the live fur jacket....?...18.5p....

markymar - 07 Jun 2011 09:41 - 6273 of 6492

i got in RF so will ride the tails for a short time 17.75p

required field - 07 Jun 2011 09:44 - 6274 of 6492

Astonishing rise isn't it ?....the only thing is where is the top ? as there has to be one with this share ?....difficult to fathom.....

required field - 07 Jun 2011 09:51 - 6275 of 6492

Boy oh boy ???...

markymar - 07 Jun 2011 09:57 - 6276 of 6492

clip clop clip clop sold half at a penny profit

required field - 07 Jun 2011 10:03 - 6277 of 6492

Jumped ship....also....profits into RKH.....also check out PTR....unfairly knocked down this morning on a good result....will come right big time sooner or later....

required field - 07 Jun 2011 10:04 - 6278 of 6492

Just not sure where the top is in DES and cannot watch all day long....

markymar - 07 Jun 2011 10:07 - 6279 of 6492

Same here RF i am off to the gym with my good lady so will close my position soon i cant moan at making the amount a did in such a short time

required field - 07 Jun 2011 10:08 - 6280 of 6492

Cheers...see you later Marky....

markymar - 07 Jun 2011 10:17 - 6281 of 6492

Just sold the last as cynic would say a profit not a profit till banked!!!!!A pleasure RF good luck,good to have a quick profit.

cynic - 07 Jun 2011 14:11 - 6282 of 6492

of very little value it must be said, but for those of you trading this stock, i attach the recent (3 month) chart .... you will note that 25 dma has been firmly breached with 50 dma at 22 creating the next obvious resistance

Chart.aspx?Provider=EODIntra&Code=DES&Si
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