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

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hello

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

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.

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)

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

looks like it could blow today

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

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

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

Back on the move with RKH behind

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.

well done to all connections.

Starting to blow again Harry

: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.

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.

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
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Quicky
Market CAP
DES 82 mill found oil and gas

FOGL found nothing so far worth 111mill

http://www.bnamericas.com/news/oilandgas/new-finds-add-weight-to-commercial-development-ambitions-desire

New oil finds made on the PL004b license shared between UK explorers Desire Petroleum (AIM: DES) and Rockhopper Exploration (AIM: RKH) in the north Falkland basin have strengthened plans to develop commercial oil production from the area, a spokesman for the former firm told BNamericas.





In a statement on Tuesday, Rockhopper announced the successful completion of its 14/15-4 well on PL004b license which it recently farmed into with a 60% interest.


The well encountered around 89m of gross hydrocarbon shows with no water signs at three new prospects, Beverly, Casper and Casper south (Shona), as well as the existing Sea Lion find.


Drilling is ongoing.


"At this stage it's still very early; we haven't got confirmed volume metrics, but all I can say, it's positive for our guys. This increases the volumes of Sea Lion, and adds more weight to the chances of further development," the spokesman said.


Rockhopper revealed in September early stage development plans which envisioned investment of US$2bn at Sea Lion in an effort to achieve first production by 2016. At the time, the firm said that new oil finds beyond Sea Lion would help de-risk the idea of future development.


The 14/15-4 find means Desire becomes only the second company to have encountered significant hydrocarbons in the area. Desire has been active offshore the Falklands for almost 13 years. Prior to the recent well its latest drilling campaign had consisted of six dry holes.


"Obviously this increases the chances of leveraging the position through financing further down the road. With that in mind, obviously 2012 will see a lot of activity," the spokesman said.


The 14/15-4 well will be the last drilled off the coast of the Falklands using the Ocean Guardian rig contracted from US service company Diamond Offshore.


Two more British firms, Falkland Oil and Gas (AIM: FOGL) and Borders and Southern (AIM: BOR), plan to resume drilling activity early next year in the area, this time in the south Falklands basin, using Ocean Rig UDW's Liev Eriksson unit.

What's this got to do with DES?