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

Good to see some blue sky at last JP and more sunshine in the next couple of weeks.

Markymar

Markymar,
Looks very promising again today so far.
I was interested in the White Marabozu candlestick indicated on the British Bulls site you posted.
Here is the Definition:
The White Marubozu is a single candlestick pattern characterized with a long white body having no shadows on either end. It is an extremely strong bullish candlestick pattern.
Recognition Criteria:
1. A white Marubozu does not have upper or lower shadows.
2. The day opens and prices continue to go up all day thus forming a long white day with no lower shadow.
3. The day also closes at the high of the day and hence with no upper shadow.
Explanation:
A White Marubozu simply means that the opening price is equal to the low price of the day and the closing price is equal to the high price of the day. This shows that the buyers controlled the price action from the first trade to the last trade. In a White Marubozu day, the day opens and prices continue to rally up all day long without looking back. The bulls were very strong during the day at such a degree that it caused some concern among the bears and led them to cover their short positions thus adding fuel to the rally.
Important Factors:
What the White Marubozu says about the future course of the trend depends a lot on the general picture. A White Marubozu can possibly be the first part of a bullish continuation pattern but it may also be interpreted as a bearish reversal candlestick pattern depending on the preceding day's candlesticks.
The White Marubozu is a single candlestick pattern and consequently it has low reliability. It reflects only one day's trading and it may show the continuation of the trend but also may indicate reversal. It needs to be used with other candlesticks for a better and healthier judgment about the status of the trend.

I think we've got another similar stick today.
Eddie, you are the expert! I'm sure you can elaborate and explain better than I can.
Next week will be very interesting! But then isn't every week with DES?!
Up we go!
Good weekend all.

Thanks for that JP i thought the price would stick at 50p mark untill after the EGM so good to see a little sky today.

I expect after the EGM blue sky and for the sun to start to shine again.

And keep one eye on Rockhopper

Markymar

Hi all

Markmar / JP

Yes this was the pattern I had (British Bulls). If today holds well, we will have more confirmation. Three candles white/blue will give us three advancing soldiers pattern. This a strong bullish pattern.


Good Luck All

Eddie

Pemex have just announced a find of 200tcf of gas in two seperate fields offshore Mexico. This is big, it could keep a lid on gas prices for quite a while so lets hope Desire find lots of oil and not just gas. A figure of $200billion was quoted on rigzone as being necessary over 20 years to develop such fields. I can see that BP or Shell would rather work on that sort of project than a less certain project further south in the Atlantic. It's astonishing to think of a project yielding a potential 2billion barrels of oil can be dwarfed but that's the case. At least the tax environment is much better for the majors in the NFB to encourage them to dabble.

Well us Spivs are bullish people.

http://www.falkland-malvinas.com/Detalle.asp?NUM=5173


New war ship for the Falklands to guard all them sheep

Its strange how there are cut backs all over the place in the forces but no cut backs at all in the Falklands.

Must be a rare breed of sheep

Hi all

Nice find Markymar.

I like the British bull site !

Well protected sheep eh!!

We have had another good day. Todays candle Gapped up this is a good signal, (yesterdays close / todays open), also the 10 DMA has crossed the 20 DMA another good signal. The fact that the buyers are in over the weekend is also a good signal. If you draw a line under the bottom of the long thin lines (shadows) you will see the direction of the trend. You should be able to see from the top doji, the down trend then changing on the last few days. This should be at the bottom doji and the two recent bullish candles. We should be in for more blue candles ! Volume should also increase as more bulls enter the buy.




Keep the posts comming !

Bring on the DES !!!!!

Berlingo hope your enjoying Canada ! Any news at that end ?


Good Luck All

Eddie

Cheers Eddie how long was Berlingo away for ?

Hi Markymar

He didn't say. See post 798. Looking good for next week !

Kind Regards

Eddie

good info marky
we all know how much normal sheep are worth
must be a new breed - (black oil sheep perhaps)
i wonder what dogs and fleas has to say or is it
just a dog gone barking mad
keep the flag flying and defend what we started 25 years ago
the begining - no, now the begining of the end - is in sight
now dot.gov is with us begining to understand the time lapse
from 3d survey,warships about to be deployed mean something to defend
not just penguines & sheep
allready overweight on this one but feel i am about to
go obese, applied for a further 20000 on the open offer
if not granted will buy on the open market
keep up the good work marky
supporters appreciate all the time & effort you put in

regards HUSTLER

http://www.falkland-malvinas.com/Detalle.asp?NUM=5174


The intresting bit here is OHM being maybe used.

Falklands-Malvinas
Friday, 25 February


Hunting for hidden riches: gold and oil exploration gather pace in the Falklands



HOPES of a new gold rush in the Falklands will come a step closer next week with the start of an exploratory drilling programme near Goose Green.


Dr. J. Armstrong
A rig brought down by Falklands Gold and Minerals Ltd (FGML) is due to start extracting sample cores from the ground at Camilla Creek to get a clearer idea of what lies below the surface.
The company has already carried out an aeromagnetic survey of the Islands, and drilling is to be carried out in an area that showed 20-30 potential concentrations of mineral deposits.

Chairman of Global Petroleum, which owns a 10.11 per cent stake in FGML, John Armstrong, was understandably upbeat this week during a visit to the Islands. Even he is aware, however, that there may or may not be gold in them thar hills.

We had 100 metre flight spacing, which identifies areas where the magnetic field of the earth is different. You might drill it and you might just find its iron ore and no other minerals but its just a start as to where to put the drill, he said.

A former woolshed at Goose Green has been converted into a workshop, where a local technician, currently training in La Serena, Chile, will process the cores before sending them away for analysis.

Dr Armstrong said the company had so far raised sufficient funds - 10 million for two to three years work. A second drilling rig is on order and they hope to see it arrive in the Islands in a months time.

Dr Armstrong was joined on his trip to the Islands by David Hudd, Chairman of Falkland Islands Holdings (FIH), which owns a 14.38 per cent share of FGML..
The two men were mainly visiting the Falkland Islands on behalf of Falklands Oil and Gas Ltd (FOGL), in which FIH has an 18.1 per cent share, and Global Petroleum 16.1 per cent. In addition, Dr Armstrong is himself chairman of FOGL.

The company is in the middle of its own exploratory programme. The seismic survey vessel GSI Admiral is currently working in waters to the east and south east of the Islands which have been licensed to FOGL.

The company has the largest acreage of any oil investor in Falklands waters, as sole licensee of 50,000 square km and joint licensee of a further 33,000 square km with Australian investor Hardman.

FOGL raised 14 million from shareholders for the current exploration programme, and it is possible that the company will use the new electromagnetic survey technique marketed by a company named OHM. After that, it will have to attract other companies as farm in partners to further the work.

So how big a gamble is oil prospecting in the Falklands for investment companies?

Dr Armstrong advised that the process was one of taking an informed, rather than a wild guess, at the existence of oil in the licence area. Oil and gas fields have already been discovered in Argentine waters to the west of their licence area, and he said experts would be searching for four indicating factors in one place before they considered going ahead with a drilling programme: It is not a straight gamble but a carefully calculated risk.
Ultimately you only find out whats in the ground by drilling a well. All this other stuff is intended to minimise the risk to investors.

Mr Hudd said the existence of a stable and supportive government in the Falklands was also an attraction for investors, in contrast to some of the Worlds more volatile locations:
The other factor you have got to impress upon all this is, Whats the geo-political regime within which we are doing this? Is it in a regime where they [the Government] will suddenly say We own it, you dont own it? We are under a situation which is subject to UK sovereignty.

Talk of gold rushes and oil booms aside, Mr Hudd clearly senses a whiff of the pioneers in all this. Between all the oil prospectors together, he says: Over 50 million has been raised in the UK to explore for minerals and hydrocarbons in this area. I think thats quite remarkable. From the 1850s where people invested in cattle ranching here, todays cattle ranching is oil.

Sue Gyford (MP) Stanley

http://www.latinpetroleum.com/article_3991.shtml

One to keep an eye on as possible partner in coming months

Falkland Islands


By OGJ editors
HOUSTON, Feb. 25 -- Desire Petroleum PLC, London, intends to drill three wells starting in about a year on tranches C and D in the North Falkland basin about 100 miles north of the Falkland Islands.

Rockhopper Exploration Ltd., Swindon, UK, plans to participate by paying as much as 30% of well costs to earn as much as a 15% interest in the licenses. Desire acquired 804 sq miles of 3D seismic surveys on the licenses last year that showed large structures.

Desire also holds 100% interest in tranches I and L closer to the islands. Rockhopper, formerly Crude Oil & Gas Ltd., was awarded PL023 and PL024 in December 2004 covering 4,203 sq km in less than 200 m of water 50 km north of the islands.


http://ogj.pennnet.com/articles/article_display.cfm?Section=ONART&C=ExplD&ARTICLE_ID=222084&p=7

Hi all

Just another chart to look at.



Hustler I like your post (barking mad).

Good Luck All

Return to Chart

Great postings guys keep them coming. I'm definitely going for my max on the offer at just under 40k and backing CP all the way.

Come on Desire!!!!!!!!!

hi marky-good to see you on here

regards all and good luck.

The plan??

http://www.fidp.horizon.co.fk/Files/FISP06%20%20%203.%20Policies%20and%20proposals%20-%20ALW%20Protecting%20air,%20la.pdf

cheers eddie
keep up the good work
the months ahead are going to be
very interesting indeed

regards HUSTLER

excellent post captain
regards-meic advfn