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

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

Cheers Capt very good find, meic you at EGM this year ?

Capt ditto, very interesting and encouraging.....

marky-no I cannot make it but I hope to attend the agm later this year.

like other spivs i am hoping for another announcement (the sooner the better) regarding an additional partner.

if 6+ wells are sunk i'll be a lot happier-with a rig on the way (am assuming one will be available) potential partners will need to get a move on and come to terms with cp.

regards all

hi guys
Berlingo here in Canada(Banff)
hi Eddie , Markymar and regulars
Good to see DES holding well last week and finishing Fri on a high.Well done Eddie on your predictions last week,proved right yet again.Interesting posts from Marky too.Thanks.
Nothing much to report from my end.I kept a close eye on EnCana this week who published record profits last Wed of 2.5billion.However one paper the Globe and Mail here wrote a big article about poss future projects and it was stated that EnCana are currently involved in exploring new territories ! We shall see!Just watched the Oscars here,everone patting themselves on the back , lets hope we will be doing the same soon!
I am back on Wed so keep up the fine postings Eddie,Marky and everyone
Speak to you soon
Regards
Berlingo

Hi all

Great to hear from you berlingo !

Thanks to all the poster !

As of this time the quote for DES is mid @ 0.5275p bid @ 0.515p offer @ 0.54p. Looks like were off to a good start.


Good Luck All

Eddie

Hi Berlingo,

Hope your well and look forward to your input when you get back,Dont bring me a to big a present back i dont want you spending to much.

Take care mate

Markymar

http://www.journalpioneer.com/news.aspx?storyID=30184

Canada link again, just for you Capt

Falkland Islanders are also trying to boost offshore oil exploration and are attempting to put the building blocks in place for a prosperous aquaculture industry.

Regards

Markymar

http://www.guardian.co.uk/oil/story/0,11319,1424985,00.html


Oil price to stay this year between $40 to $50 a barrel , looking good

Regards

Markymar