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

Desire on the break out now following RKH

please re-post your chart then!
from your comment, "red" is clearly DES, but no idea who "blue" is

Blue is RKH........

Bcc news tonight 8 minutes all about the Falklands,good PR

DES is disinclined to go anywhere north at the moment

We are at 31p again......will it breakout this time......come on Desire!!!!

Knocking on the door of 31p early today,will it break past it as it goes backwards at 31p.....

Come on Desire!!!!! make my day

Well its been knocking on the door now for weeks at least we have a breakout now.....take over talk will push this higher in the coming weeks.

A very strong finish by Desire today up 17% with 10 million traded, plenty of rumours circulating also to add more speculation to a deal been done by an American oil company, i see that Republican Congressman F. Jim Sensenbrenner who is in the Falklands for 6 days…..tum to tum I wonder why.

What's the big deal here.....it has nothing...or a little bit of sealion, and that's not sure....

Taken from marlonmonkey

What is DES actually worth?

Firstly:

1) Sealion extension and Casper west Oil

30mmbs-40mmbs RESERVES.....

2) Casper South and Beverley OIL

Up to 75mmbs Contingent Resource

3) Casper/Beverley/Liz GAS/Gas condensate

3-5-10 TCF Contingent Resource

4) Jayne/Anna/Elaine 25-30% COS F3 plays

500mmbs plus

5) Ann, Pam, Helen decent COS prospects

700mmbs

6) some proper wildcats....Alpha et al

£1 a share for a take-out....if you develop 1-3 it's good business, if any of 3-6 came in..it was a steal.

http://www.desireplc.co.uk/images/uploaded/3674095_8977553.pdf

NAPE Presentation

.Desire Petroleum: Your questions answered
By Stephen McDowell | Fri, 24/02/2012 - 16:01

There is a lot of waiting in the oil drilling game and 2012, while an exciting prospect, is no exception for Desire Petroleum (DES).

Answering Interactive Investor users' questions at the North American Prospect Expo (NAPE) in Houston the firm's explorations director Ken Black confirmed the firm has put its 2011 cash crisis behind it and remains well enough funded to see through existing projects and the hunt for any future rights.

Asked why the company had failed to raise sufficient funds to drill when the Ocean Guardian drilling rig was on site he replied: "We'd loved to have done of course, but the timing wasn't right in terms of market conditions."

Discussing prospects for Desire in the coming year Black said: "We have already said that we have new seismic data which we will be interpreting over the next three to six months. This will be completely updated on all of our licences."

As for the short-term, Black said he was unable to elaborate on this week's RNS announcement that an updated Competent Persons Report is due and will incorporate the 14/15-4a well results.

Interactive Investor user question: Rockhopper currently have their data open and are in discussions with potential farm-in partners but are Desire active in these discussion due to their part ownership of Sea Lion?

Black: "Rockhopper are engaged in their own farm-out process and we are not a party to those discussions. But we have a small stake in the Sea Lion field and so at some stage it requires our involvement."

Interactive Investor user: Has the company considered a farm-in in 2011? And what kind of deal would Desire seek if it were in Rockhopper's (RKH) position with a genuine discovery?

Black: "Yes, a potential farm-in was considered but the view was that the market wasn't right at that time." He added: "It would seem likely that a third party is going to get in with Rockhopper and that third party would be equally likely to take a holistic look at the region, but that is just my view."

Interactive Investor user: Why does the company not interact more with shareholders?

Black: "I'm unaware we were considered poor communicators. We have an obligation to put into the public domain any information which is price sensitive in a timely manner. I believe we fulfill that obligation."

Interactive Investor user: Can you tell us more about the Arcadia/Denholm Project?

Black: "The situation hasn't changed on the licence and we do view it as being drillable as and when funds are available, and of course the rig."

In closing, Black acknowledged the hunger of Desire's loyal shareholders for information.

He said: "Of course I can't say anything which isn't in the public domain but 2012 is going to be an exciting year for us. It is important that we see a solution for (Rockhopper's) Sea Lion development and when that happens I think it would be an appropriate time for us to get involved."

"I can see that happening this year. In the course of things it would normally be around a six month timeframe."

Been selling some other shares today to re top up in Desire, I am hoping for news this month from RKH and DES.

Desire is now my largest holding, hoping I don’t get burnt again.

DES are certainly looking perky today for some reason.

Morning Chav,will give you a bell later if your back from down the mine.

Plenty of buying today....perky a good word.

Twas warmer down the mine Marky but nice to have some sun in the Valley this morning.

S.American group rejects UK oil exploration in Falklands,Reuters March 18, 2012,
http://www.precogz.com/home/

PLEASE MODS.

BAN THIS SPAMMING OF NEWS BY PRECOGZ/SPIKEYDT.


!!!!!!!!!!!!

Preliminary Results

Desire Petroleum plc (AIM: DES) the exploration company wholly focused on the North Falkland Basin, is pleased to announce its Preliminary Results for the year ended 31 December 2011.

Operational Highlights:

· Desire farmed out areas PL004b and PL004c to Rockhopper Exploration Ltd (Rockhopper).

· Oil and gas discovered on successful 14/15-4a farmout well operated by Rockhopper (Desire 40%)

· Competent Persons Report (CPR) published in October 2011 and currently being updated to incorporate 14/15-4a well data.

· Graeme Thomson joined Desire as the senior independent non-executive director and chairman of the audit committee.

Financial Highlights:

· The Group changed its oil and gas accounting policy from a full cost policy to a successful efforts policy.

· Loss for the period was $42.5 million (2010 restated loss: $113.9 million).

· Cash resources at the end of the year amounted to $10.6 million, plus an additional $24.5 million held as restricted cash in escrow accounts with Diamond Offshore Drilling and AGR to meet demobilisation liabilities.

· Sufficiently funded to continue in operational existence for the foreseeable future.

http://www.moneyam.com/action/news/showArticle?id=4340856

Don't you love the statement

"Sufficiently funded to continue in operational existence for the foreseeable future"

In other words we have enough cash to sit on our backsides appointing our mates as directors, doing absolutely nothing and filling our bank accounts every month. Great work if you can get it.