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

Hi Momentum

See anything in your charts ?

Kind Regards

Eddie

Few indicators are showing a trading buy, the 52.5-55p level imho is good support and an excellent level to top up.Unfortunatly im fully invested at present and not able to commit further funds having bought into mmg fairly heavily a few weeks ago and topping up since, also committed a fair wad into Bprg last week with some extra funds waiting to go in with a break above 67p.However will top slice mmg above a 1 and top up on DES. Hopefully before any news.

seems to be alot of trades going through at mid price can any one confirm wheather buy or sells barclays showing unknown is this the chance to top up

Since 11.11.2004 DES.L has acheived the following (daily) stats:


ave price 56.8
ave buys 476,341
ave sells 482,092
ave buy trades 90.4
ave sell trades 95.1

Hi everyone
Another frustrating day.However some large buys in there.MM`s marking this down . Eddie , what do the charts show us?

Falkland Islands
John Davis, an English navigator and explorer, may have been the first European to sight the Falklands, in 1592. In 1600 a Dutch navigator, Sebald Van Weert, visited the islands and called them the Sebald Islands, a name that still appears on some Dutch maps. Captain John Strong, an Englishman, navigated the sound between East and West Falkland in 1690 and named it Falkland Sound after Lucius Cary, 2nd Viscount Falkland. The English name for the islands was then taken from that of the sound. In 1764 French colonists from Saint-Malo (hence the name Malvinas) established a settlement on East Falkland, and the following year the British settled on West Falkland. In 1770 Spain bought out the French, and in 1774 the British left the islands. In 1816 Argentina overthrew Spanish rule and in 1820 claimed sovereignty of the islands. But in 1833 Great Britain took control of the islands. Argentina continued to claim the islands, however.
Negotiations to settle the sovereignty dispute between Argentina and Great Britain began in the mid-1960s at the United Nations. The talks were still in progress in April 1982, when Argentine forces invaded and occupied the islands for about ten weeks in an attempt to settle the issue by force. They were defeated by a British task force and formally surrendered on June 14. Argentina continued to claim the islands; the British government refused to participate in further negotiations, but the two nations resumed diplomatic relations in 1990.
In 1992 seismologists discovered significant petroleum and natural gas reserves in the Falklands' territorial waters. In September 1995 Argentina and Great Britain signed a joint agreement covering oil and gas exploration in a specially designated zone southwest of the disputed Falkland Islands. The two countries agreed to establish a commission that would oversee the licensing of companies seeking to bid on rights to explore the waters, the division of royalties, and the implementation of worker safety and environmental protection measures. The next month, Argentina began auctioning oil exploration licenses for areas just outside the disputed waters, between Argentina and the Falklands.

Hi all

Well thanks Markymar. Nice bit of reading for us. We will all be looking back soon & saying, oh I can remember when DES was 0.50p, I should have bought loads more!

Berlingo

The candles are saying the next support should be at 0.5275p. Obveousley this is lower than my origonal estimate of 0.60p. But even the paid profesionals get it wrong some times. What I will say is drop from the doji at the top of the chart is very small (22.32%) considering the rise from 365 days ago which is (421%. It is clear from this that the majority of traders / ivestors think DES is still going to deliver the goods. If you also look at the volume again & think about it. The volume has been low agian (total buys & sells 1.34m) What this is suggesting to me is it is the investors who are still in & holding the price where it is, ie at 0.10p DES was valued at (16.3m) at 0.535p DES is valued at (87m) an increase of (70.7m). Surley not every one is wrong.





If you look at the bottom left (first big blue candle) of the chart the other line you see is the 200 day moving average. Des went up through this MVA on the 13/08/03 & has only visited it breifly since then. So this is when the up trend started, or slightly before. DES has been in this trend since.




So looking at todays SHELL what the hell, we still have encan & talisman.

Anyone any thoughts ?

Good Luck all

Eddie

Hi all

Once again a lot more buys than sells and the price falls again

Yes Markymar

I think I miss understood you last time. I can see what you mean this time! I haven't gone as far as adding the sells to the unknown yet, this may be the answer ?

Just tried still appears to be more buys than sells ?????


Kind Regards

Eddie

2004 Top Guns and dogs the big question is will we be Top Gun 2005


+766.0% IEC Imperial Energy Corp
+516.5% CUX Centurion Energy International Inc
+442.9% DES Desire Petroleum
+246.5% GED Global Energy Development
+246.1% BUR Burren Energy
+198.3% RPT Regal Petroleum
+177.5% VOG Victoria Oil & Gas
+173.9% CNE Cairn Energy
+173.5% BLR Black Rock Oil & Gas
+164.5% EEN Emerald Energy
+132.6% OIL Oilexco Inc
+131.9% FPL First Calgary Petroleums Ltd
+116.1% NOP Northern Petroleum
+108.1% JKX JKX Oil & Gas
+103.5% PLR Paladin Resources
+102.5% PCI Petroceltic International
+92.1% MRS Melrose Resources
+88.2% PET Petrel Resources
+80.6% WTE Westmount Energy
+77.8% TLW Tullow Oil
+77.5% FOGL Falkland Oil and Gas
+76.0% EDG Edinburgh Oil & Gas
+75.5% FTO Fortune Oil
+72.0% HTG Hunting
+71.2% NLG Nelson Resources Ld
+69.7% DNX Dana Petroleum
+61.4% VPC Venture Production
+58.5% HNR Hardman Resources
+53.1% RHEP Rheochem
+50.1% ABG Abbot Group
+48.8% SEY Sterling Energy
+42.8% SDX Sondex
+39.6% SIA Soco International
+38.8% OHM Offshore Hydrocarbon Mapping
+31.5% FPM Faroe Petroleum
+30.5% EXR Expro International Group
+28.2% SER Sefton Resources
+26.3% ALK Alkane Energy
+25.2% PRE Pan Andean Resources
+23.9% CSH Caspian Holdings
+23.9% HYR Hydrodec Group
+23.8% BG. BG Group
+17.9% SBE Sibir Energy
+17.2% ADS Adulis Resources
+16.3% PMO Premier Oil
+14.9% COP Circle Oil
+13.5% GKP Gulf Keystone Petroleum Ld
+13.3% MRP Meridian Petroleum
+13.0% ROC Roc Oil Company Ld
+12.8% CEK Caspian Energy
+11.9% BP. BP
+10.5% IOG Island Oil & Gas
+6.3% SHEL Shell Transport & Trading Co
+5.0% EOG Europa Oil & Gas (Holdings)
+2.9% KBC KBC Advanced Technologies
+2.7% STAR Star Energy Group
+2.4% GRV Grove Energy
+0.0% WG. Wood Group (John)
-4.4% BLVN BowLeven
-17.7% AEY Antrim Energy Inc
-25.0% TXO Texas Oil & Gas
-34.4% TEO Tecteon
-43.8% MOI MOS International
-58.4% GTL GTL Resources
-77.4% CHP Chaco Resources
-93.6% ROS Ramco Energy

Hi Markymar

Looks prety good to me !

In third place without any anouncement. Thats FAN tastic !

Kind Regards

Eddie

I hope nobody minds as this is off topic but the oil sector is what i look at the most and i think there is little more to talk about with Desire untill news breaks.

EPIC Company Price Mkt cap 2004 low-high Change since 1 Jan
BP. BP 508p 110298.3m 408.00 - 561.00 +11.9%
SHEL Shell T&T 444p 42886.3m 346.25 - 451.00 +6.3%
BG. BG Group 354p 12447.6m 269.50 - 382.00 +23.8%
CNE Cairn Energy 1090p 1738.0m 363.00 - 1,581 +173.9%
FPL First Calgary 800p 1619.6m 291.00 - 847.50 +131.9%
TLW Tullow Oil 153p 955.7m 84.00 - 154.50 +77.8%
NLG Nelson Resources Ld 98p 842.8m 55.00 - 124.00 +71.2% (joined AIM on 19 Jul)
WG. Wood Group (John) 134p 644.9m 106.00 - 154.75 +0.0%
BUR Burren Energy 464p 643.1m 132.50 - 483.00 +246.1%
PLR Paladin Resources 175p 569.8m 85.25 - 192.00 +103.5%
CUX Centurion Energy 625p 524.2m 99.50 - 646.50 +516.5%
PMO Premier Oil 529p 437.3m 450.00 - 660.00 +16.3%
HNR Hardman Resources 65p 423.3m 40.50 - 99.00 +58.5%
SBE Sibir Energy 208p 422.9m 171.00 - 292.50 +17.9%
RPT Regal Petroleum 346p 404.0m 114.00 - 445.00 +198.3%
ABG Abbot Group 214p 377.1m 136.00 - 222.75 +50.1%
DNX Dana Petroleum 418p 309.0m 234.00 - 456.50 +69.7%
VPC Venture Production 234p 285.2m 138.75 - 257.00 +61.4%
SIA Soco International 388p 280.3m 274.50 - 392.00 +39.6%
EXR Expro International 359p 236.3m 240.00 - 370.00 +30.5%
MRS Melrose Resources 281p 214.9m 143.50 - 327.00 +92.1%
SEY Sterling Energy 15p 213.2m 10.25 - 20.50 +48.8%
HTG Hunting 183p 184.2m 106.00 - 194.00 +72.0%
JKX JKX Oil & Gas 116p 168.8m 54.25 - 134.00 +108.1%
FTO Fortune Oil 9p 163.5m 3.95 - 10.125 +75.5%
GKP Gulf Keystone Pet 55p 138.7m 50.00 - 72.00 +13.5% (joined AIM on 8 Sep)
ROC Roc Oil Company Ld 74p 130.6m 65.00 - 84.50 +13.0% (joined AIM on 6 Sep)
OIL Oilexco Inc 129p 125.7m 53.00 - 196.50 +132.6%
SDX Sondex 219p 120.5m 138.75 - 236.50 +42.8%
STAR Star Energy Group 188p 113.3m 180.00 - 193.50 +2.7% (joined AIM 12 May)
DES Desire Petroleum 57p 94.4m 9.75 - 69.50 +442.9%
ADS Adulis Resources 147p 93.9m 130.00 - 151.00 +17.2% (joined AIM 2 Dec, Yahoo has EPIC as ADE)
EDG Edinburgh Oil & Gas 200p 83.2m 114.00 - 201.00 +76.0%
CEK Caspian Energy 93p 76.1m 74.00 - 105.50 +12.8% (joined AIM 21 Sep)
BLVN BowLeven 347p 73.5m 332.50 - 388.50 -4.4% (joined AIM 7 Dec, Cameroon)
EEN Emerald Energy 146p 72.3m 51.75 - 275.50 +164.5%
OHM Offshore Hydrocarbon Map 236p 68.7m 207.25 - 340.00 +38.8% (joined AIM 11 Mar)
FOGL Falkland Oil and Gas 71p 57.0m 40.00 - 91.00 +77.5% (joined AIM 14 Oct)
IEC Imperial Energy Corp 217p 50.2m 34.00 - 270.00 +766.0% (joined AIM 5 Apr)
PCI Petroceltic Intl 8p 44.8m 2.73 - 19.00 +102.5%
GED Global Energy Dev 149p 41.8m 34.00 - 191.50 +246.5%
FPM Faroe Petroleum 84p 35.7m 43.50 - 86.00 +31.5%
COP Circle Oil 27p 34.4m 12.50 - 25.00 +14.9% (joined AIM 18 Oct)
VOG Victoria Oil & Gas 56p 32.8m 23.50 - 73.00 +177.5% (joined AIM 27 Jul)
NOP Northern Petroleum 10p 31.9m 4.50 - 12.25 +116.1%
PET Petrel Resources 48p 27.7m 19.75 - 158.75 +88.2%
CSH Caspian Holdings 29p 24.0m 22.00 - 34.00 +23.9% (joined AIM 4 Nov)
GRV Grove Energy 22p 23.7m 20.25 - 25.00 +2.4% (joined AIM 2 Dec)
IOG Island Oil & Gas 53p 22.8m 47.50 - 56.50 +10.5% (joined AIM 7 Dec, Celtic Sea)
RHEP Rheochem 25p 22.1m 18.50 - 19.00 +53.1% (joined AIM 30 Dec)
MRP Meridian Petroleum 34p 19.1m 11.00 - 52.25 +13.3% (joined AIM 20 Jul, US/Oz)
KBC KBC Advanced Tech 38p 18.1m 25.00 - 44.50 +2.9%
EOG Europa Oil & Gas (Hldgs) 26p 15.8m 25.00 - 32.50 +5.0% (joined AIM 11 Nov)
AEY Antrim Energy Inc 40p 14.2m 30.00 - 105.00 -17.7%
GTL GTL Resources 4p 14.0m 3.50 - 11.00 -58.4%
WTE Westmount Energy 89p 13.2m 48.50 - 112.50 +80.6%
PRE Pan Andean Resources 13p 12.7m 10.50 - 33.00 +25.2%
HYR Hydrodec Group 14p 12.5m 7.25 - 15.50 +23.9% (reversed into Vert-eco 21 Dec, removes PCB's from oil)
ALK Alkane Energy 12p 10.5m 9.25 - 17.50 +26.3%
TXO Texas Oil & Gas 15p 9.2m 14.75 - 24.50 -25.0%
CHP Chaco Resources 2p 8.4m 0.90 - 9.75 -77.4%
MOI MOS International 1p 7.9m 0.75 - 1.75 -43.8%
BLR Black Rock Oil & Gas 3p 7.6m 0.90 - 2.60 +173.5%
ROS Ramco Energy 24p 7.3m 21.50 - 405.00 -93.6%
SER Sefton Resources 1p 6.7m 0.33 - 0.75 +28.2%
TEO Tecteon 3p 4.7m 2.13 - 6.75 -34.4%

Just out of interest, did anyone find any truth in the rumour of the Queen's ownership of Desire shares.

DES needs news pretty soon. There really is not much buying going on at the moment & the price is constantly slipping. I was going to try repositioning but at the moment I have no idea as to what their intentions are so will just have to sit & watch whilst my profit drops in the hope that the rise happens sooner rather than later.

This is a game Chris. If the rumours are true about the placing/funding at 50p then the game for the MM's is to walk the stock down as a tree shake and pick up as much stock as they can for themselves and then to move the stock back up just before the placing, they will need at least a 20% premium so the bounce should be back to around 60p. I've seen this before and I don't blame them as they have the information and want to make money like the rest of us! They can then sell their rights and the stock that they have acquired at a very tasty profit so it is in their own interest, long term, nothing has changed and the board meeting is on Monday apparently! Phipps also stated that the news should be out by the end of Jan and he's late, he wont want to keep the market waiting for long!

For the record, I just bought 20k at 50p and 20k at 50.7p!

What a good post ehall very much appreciated. I will add to my holding this afternoon when I feel the full extent of the dip has been reached, which may be now.

Thanks again.

Hi All

Good call ehall.

Hope you got topped up Chrispine.

Kind Regards

Eddie

Hi Eddie.. yup went in at 50.50 & am holding at 47p as well.

Hi Everyone
This is turning in to a real rollercoaster share.MM`s marking this down.I believe there has been MORE buys than sells the last couple of weeks ?
Maybe MM`s getting ready for the big push,stocking up!!