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

At 18.5p there is 290.000 buy sitting there so would like it to hit there and see what the order book looks like then,if i can get a penny or two rise from there will be happy its just bouncing along at moment.

That 200,000 buy has gone now at 18.5p plus order book even so i guess its a no no

re >>> At 18.5p there is 290.000

not in my order book there is only 40K at 18.50p bid side

25K at 18.75p
120K at 19p and
50K at 19.50p

DEPTh 1.5m v 1M

spread 19.50 / 20p

your Level 2 must be faulty, specially if is from >>>>>>>. moneyam

Did point out in post above it had gone roc,still watching...off down the mine soon.

Decided to jump back in.....very volatile but there seems to be some upside possibly with this....

r f

Howmany millions did you buy?

Brave RF i will sit and watch this one out for the time been,been watching EDL as possible in and out.

Bought just a few......could quite easily head for the upper twenties again.

Not looking much better here either this morning.....

RF that book has changed already guess i will sit and watch a little mms playing games sucking people in.

Whole market is crap at the moment.....

Been a terrible year RF just hoping i can make a late finish i have had my eye on PVR to get a foot hole in that at some point.

Hoping RKH come up trumps with this flow test we should get news maybe this week.

Looks like this could go further in to the red this morning 17.5 there is a window of support there.

Jump in to Faroe petroleum (FPM) at some point.....come up non commercial today but huge drilling program underway...funny you should mention PVR...been looking at that...undecided as yet....

I thought Lagavulin was a single malt, shame it was dry!

There is a mention about jura in other rns's and other single malt references....it's all happening up there in bonnie Scotland and beyond....

Must be the hot sun today so i have bought a few at 18.25p today to see which way the wind blows DONT WANT TO HOLD TO LONG.

Stop loss in place.

re - DONT WANT TO HOLD TO LONG

not so sure about it but ..........

maybe you ment ....TOO LONG

till next Monday for 21p?

well if that happens then the shares will be on a BREAKOUT, may aswelll keep them for 35 to 40p

Another one on the pay list .............

Appointment of Non-Executive Director

Desire Petroleum plc (AIM:DES), the company wholly focused on the North Falkland Basin, announces that Graeme Thomson, FCA, will join the Board as an Independent Non-Executive Director and Chairman of the Audit Committee with effect from today.

.......... or maybe is the one to turn the company around with fresh ideas

You mean like hitting oil for a change in commercial quantities !.

stop loss trigged the other day, now back in again sitting on profit....for now

Exploration Update
Desire Petroleum plc (AIM:DES), the company wholly focused on the North Falkland Basin, notes the announcement made today by Rockhopper Exploration plc ("Rockhopper") regarding the prospective resources at its Sea Lion Main Complex ("SLMC").

Desire welcomes the update from Rockhopper, in particular its statement that the SLMC is believed to extend into licence PL004 (Tranche D), in which Desire has a 92.5% interest. However, since Desire does not have access to all the data upon which Rockhopper's evaluation is based, in particular the 14/10-6 well data, Desire is unable to confirm Rockhopper's interpretation at this stage. Nevertheless the results of this well are encouraging for the Shona lead which was previously identified from the raw stack data.

Desire's recently acquired fast track 3D seismic data for the northern part of Tranche D and the Ann prospect area continues to be interpreted as a priority and the results are expected to be available in September. A fully merged data set covering all Desire's prospective areas is expected to be available for interpretation towards the end of 2011.