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 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

Hi all

Thanks markymar

Well we have had a rise of 1.44%. We have also had a price up gap. Although DES wasn't able to hold onto the high of the day, DES finished up. If we look at the indices, most were down or marginal gains. So all in all we have done well. DES is also back on top of the 10 & 20 day moving average which is also a good indicator. DES is still in a good position for more gains as the gap up should offer support. Stochastics have just crossed also. (The candles have given the start of an evening star doji, which could indicate a trend reversal) I don't think the trend has been long enough for reversal. But tomorrow will tell.



Good Luck All

Eddie

Cheers Eddie on British Bulls they have a hold so we will have to wait and see, there was some big buys today and some sells and a few rollovers but as said before get this EGM out the way and i think certain question will be asked at EGM might just clear the air.

There are a lot of question need to be answered and i hope we get some decent answers.

Regards all

Markymar

Hi all

Yes markymar.

A lot going on, the upside to DES looks more interesting than the down side. ie Risk vs rewards. The trend has just changed to up this is what makes me think it will continue. But we must still see the doji as a (potential) reversal. Any reversal will only be to test the 0.50p level again. So if you look at the 0.50p as support, any reversal should stop at that level. Lets look up to the top doji, that is the short to medium term target. I think as we get closer to the EGM, we will be closer to the top doji.


Kind Regards

Eddie

when is the EGM?

hampi-man

Its on the 10th march at 10 am in London it should be on your proxy form

Regards

Markymar

cheers for that

Hi all

markymar / hampi_man

Well it looks like the doji candle was confirmed today. There were more buys than sells and DES still closed lower. This suggests the MM's have had another go today. As I said yesterday DES may re-visit the 0.50p support before moving up. The open was 0.53p, high 0.535p, low 0.51p, close 0.51p. The collective trading volume was 1.842m. The main trend is still up and support should be at 0.50p. Lets see what tomorrow brings, a bullish blue candle I hope.

Thank you for that Eddie for that over 200,000 more Buys and the prie went down on http://www.britishbulls.com/StockPage.asp?CompanyTicker=DES&MarketTicker=RESOURCES&Typ=S they now have down for a sell.