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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 - 03 Nov 2011 07:58 - 6385 of 6492

and no doubt the cheaper the better ..... i can't read this as a promising rns but merely a way of minimising losses against a commitment

avsec - 03 Nov 2011 11:00 - 6386 of 6492

Sadly I think you are spot on. IMHO DES are in damage/cost limitation.

This is the first I've heard that OG will be leaving the FIs. Is there a replacement planned?

markymar - 09 Nov 2011 22:28 - 6387 of 6492

.

robstuff - 18 Nov 2011 17:08 - 6388 of 6492

hello

markymar - 20 Nov 2011 19:04 - 6389 of 6492

Hi Rob,u holding at mo or just looking,this is what is making the share price rise that big word "IF" good COS so got to be worth a punt.

http://www.desireplc.co.uk/pdfs/North_Falkland_Basin_Detailed.pdf

Its like a cat with nine lives

markymar - 22 Nov 2011 08:59 - 6390 of 6492

Have decided today to buy a few more Desire shares the more I look into it the more upside I can see of them striking oil.

markymar - 28 Nov 2011 10:09 - 6391 of 6492

Game on!!! This could change Desire fortunes Remember this is an appraisal of Sea Lion and exploration of Beverly could have a huge impact on the share price of Desire.

Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, announces that the 14/15-4 well (the "Well") was spudded, by Rockhopper as operator, at 08.15hrs GMT on 28 November 2011.

The Well is situated on Licence PL004b in which Rockhopper will earn a 60% interest by drilling 14/15-4. The Well is designed to investigate reservoir presence and hydrocarbon charge towards the southernmost mapped limit of the Sea Lion field and is located approximately 12.1 km to the south west of the 14/10-2 discovery well and 6.3 km to the south of well 14/10-9. The Well is also an exploration well on the Beverley prospect.

The Company intends to drill to target depth ("TD") then subsequently sidetrack to core should significant hydrocarbon charged reservoir be encountered in either the Sea Lion Main Complex or Beverley. Initial drilling and logging operations are expected to take approximately 20 days and a further RNS will be issued prior to commencing any sidetrack.

The Company intends that 14/15-4 will be the final well it operates during the current drilling campaign. ( maybe Desire might drill another)

markymar - 08 Dec 2011 12:38 - 6392 of 6492

News should be any time....clip clop with a skip

markymar - 09 Dec 2011 10:33 - 6393 of 6492

looks like it could blow today

HARRYCAT - 09 Dec 2011 10:44 - 6394 of 6492

20 days from 28th Nov is 18th Dec! Why could it 'blow today'?

markymar - 09 Dec 2011 10:55 - 6395 of 6492

I meant the share price Harry which is now 10% up now,things are sounding postive in the back ground....who knows till an RNS

HARRYCAT - 09 Dec 2011 11:16 - 6396 of 6492

Ah, well spotted! The usual surge pre-RNS. Now up 13%.

markymar - 09 Dec 2011 11:53 - 6397 of 6492

Back on the move with RKH behind

markymar - 09 Dec 2011 12:04 - 6398 of 6492

keep an eye on WTE as they have a lot of shares in Desire if Desire news is good the share price will move its always behind.

mitzy - 09 Dec 2011 13:27 - 6399 of 6492

well done to all connections.

markymar - 12 Dec 2011 12:31 - 6400 of 6492

Starting to blow again Harry

HARRYCAT - 12 Dec 2011 12:42 - 6401 of 6492

:o) I wonder if just opportunist day trading, but TD can't be far away now. Not confident myself, so don't have a position.

markymar - 12 Dec 2011 13:00 - 6402 of 6492


TD maybe a little late as well had to be respudded so would of lost a bit time but not long now till news.

Shona, Shona, Shona what do you hold.

markymar - 13 Dec 2011 07:49 - 6403 of 6492

Great News For Desire they are sitting on about 100 million barrels + so it will not be at this price for long. life in the old dog yet
.

markymar - 13 Dec 2011 08:46 - 6404 of 6492

Quicky
Market CAP
DES 82 mill found oil and gas

FOGL found nothing so far worth 111mill
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