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

Congratulations
Our December 2005 Monthly 1000 winner is ...
"Pugwash"

Ho Ho Ho.

Hi all

Another great day for DES, there is signs of resistance on todays candle. This is the shadow on top of the real body. DES is performing well but may take a breather here before going back up through the falling window that was formed with the gap down a couple of months ago. DES has been up through the 200 day moving average today, this is a great sign of things to come. Just hope we continue the momentum.





Good Luck All

Eddie

So FOGL are being eaten in million share blocks today, BOR has recently soared for no apparent reason, both reaching or surpassing previous highs. It could be New Year enthusiasm or it could be that a farm-in deal is being thrashed out in the Southern waters ( RKH has not moved off it's lows much and Desire has only just returned to fair value so the Northern holdings do not seem to be chased as strongly). It looks like investors think there is more short term potential in the South than in the North which isn't consistent with the detailed 3D seismic already carried out in the North or the enticing geology of an ancient rift valley with it's associated sandy deltas found in Desire's plot. I hope if deals are being struck that Phipps ensures Desire is included even if it means losing a few percent of the oil.

Thank you Eddie for the great graphics

Rockhopper Exploration plc Prospectus

WARNING - Please read
This prospectus is provided as a historical document only.

It was accurate and relevant ONLY for the point in time and for the purpose for which it was published. As a consequence, it must not be used as the basis for making investment decisions.

If you are considering investing in Rockhopper Exploration Plc, please obtain up-to-date information and seek expert advice.


http://www.rockhopperexploration.co.uk/press/rh_prospectus_05.pdf

Hi all

DES made a small move down today, the resistance is at the falling window which is where the large gap down appeared a while ago. DES may spend a little time here after a realy great move up. DES is showing support as there was a gap up on yesterdays candle, DES has managed close above the days low, which means we are still getting support as the price drops.





Good Luck All

Eddie

Repsol and Petrobras lead the way offshore as new state oil outfit Enarsa targets joint venture schemes

By Upstream staff

Brazil's Petrobras and Spain's Repsol YPF are heading the pack of companies hoping to forge offshore joint ventures with Argentina's enigmatic state oil company Enarsa, writes Gareth Chetwynd.
Petrobras was poised to sign concession agreements for blocks CAA 40 and CAA 46 in early 2004 when President Nestor Kirchner's administration announced that rights to about 600,000 square kilometres of unlicensed offshore acreage would revert to new state entity Enarsa.

Undaunted, the Brazilian company has signed a memorandum of understanding with Enarsa, and is preparing to start talks for new offshore acreage.

Executive manager for the Southern Cone region Decio Oddone said Petrobras expects to sign new permits next year. He admits that the range of outstanding matters includes the definition of the areas to be explored and joint-venture terms, although exploration is expected to kick off in the same area off central Argentina where Petrobras was poised to acquire acreage last year. "Argentina is still a virgin offshore area. It's much more frontier than Brazilian offshore areas, for example," Oddone says.

Repsol YPF has also outlined plans to shoot seismic in deeper waters, on Block CCM2, in the Colorado Marina basin and was poised to acquire Blocks CAA 47 and CAA 7 when ownership reverted to Enarsa.

Repsol YPF chief executive Antonio Brufau was one of the first to express interest in partnering Enarsa in offshore exploration, and visited Kirchner in December to press his company's case. Repsol's strategic plan for 2005 to 2009 includes investments of $6.7 billion earmarked for Argentina.

France's Total has adopted a lower-profile stance toward Enarsa, but is currently the largest offshore producer in Argentina by virture of its Carina-Aries project, and was poised to acquire rights to Block CAA-34/A before the area reverted to Enarsa.

Enarsa president Exequiel Espinosa says the first blocks to be allocated will be off Buenos Aires, Rio Negro and Santa Cruz province, is with joint ventures to be determined on a case-by-case basis. He adds that invitations will be extended to a range of global oil companies.

Enarsa's efforts to stimulate interest in other areas have aroused some scepticism due to the poor quality of seismic data and lack of a regulatory framework permitting the acquisition of data on a spec basis.

Kirchner says future partners of Enarsa will receive incentives, but Espinosa has roundly rejected oil industry claims that Argentina's sliding export tax for crude set at 45% of the value of a barrel of oil once the price passes $45 is hurting business.

http://www.falklandnews.com/public/story.cfm?get=3705&source=3
January 6, 2006
by Rockhopper Exploration

ROCKHOPPER EXPLORATION PLC

ELECTROMAGNETIC SURVEY INFORMATION NOTICE


Rockhopper Exploration plc will undertake an Electromagnetic Survey in the North Falklands Basin commencing Sunday 8th January 2006.


The survey will be undertaken by the research vessel "Aurelia", radio call sign 9HFI8 (NINE HOTEL FOX INDIA EIGHT). Depending on weather conditions the survey is expected to take around 20 days to complete. The Aurelia has a bright red hull and a white superstructure.


The Aurelia will place a number of receivers on the seabed along the length of the survey lines to be targeted at approximately 1-kilometre intervals. The receivers are left on the seabed for the duration of the survey period. When the receivers are in place on the seabed, the Aurelia will run towlines at 1.5 knots towing an electromagnetic source. This electromagnetic source is towed approximately 30 metres above the seabed, on an electro-hydraulic winch, approximately 100 metres astern of the vessel. On successful completion of the towlines the seabed receivers will be recovered by means of acoustic releasing mechanisms.

This looks like an interesting stock...

Oil price likely to go up...

a new frontier...

money in the bank to drill when rig available..........

good seismic recorded...

Think I'll buy some

Bibber

http://www.britishbulls.com/StockPage.asp?CompanyTicker=DES&MarketTicker=RESOURCES&Typ=S

BUY
CONFIRMED

Marky

I have looked at the britishbulls website a few times but can't say it makes that much sense to me as it seems to be a purely chartists take on things. Tell me i am wrong by all means. I am a momentum player myself- though as it happens I have a fairly positive view of this stock as it has bounced off the bottom. There is only so far a price will go down and I think we are likely now to be on the up as newsflows start to pick up and time to get a rig/farmin RNS gets shorter by the day.

coeliac1

I totally agree with you thing should start to pick up and it looks like RKH are back on track with the job they have to do,any news from RKH should help DES SP.

Just need that rig.......has the rig been delayed for a reason...time will tell!

It will all come together with the various players in the region- be it RKH, FOGL and the others getting together in my opinion.It's the only way it makes any economic sense so far as I can see and would diffuse the risk and bring in big players too. I reckon another year before we get real progress but it will come.

I am in Des but not to any great extent as I think they are too limited in their targets and therefore risky.

DES and RKH need a semisub where Fogl and others need Drillship so no chance of them getting together.

All funds are in place for a minimum of 3 wells to be drilled all with dual targets.

Thats 6 targets to be drilled

The main problem is the rig market, which is at a peak, making it very difficult to get a suitable rig to drill in NFB. I remain optimistic however some thing may come up in the near future.

Postman just came,

2,000 pieces of seven for the Capt., that = 1000 pieces of eight in old money.

Ho Ho Ho.

Good old Pugwash

2 x test messages received Assagai.

The system does not give out e-mail addresses when it sends.
So you have to either post a message or send me an e-mail address for me to reply.

the 3rd one has just come in.

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Cap - Still not sure what I am doing. Do you now have my email or dp I have to include it in the body of the message?

Hi All
Dead cat bounce or the real thing ?
hope the shorters have to jump from the top window
to make sure of a certain death.
6 month target 70p.
Something is brewing where are the board,
news must be close
All the best
HUSTLER

http://www.falklandnews.com/public/story.cfm?get=3713&source=3

January 12, 2006
by J. Brock (FINN)

THE ENVIRONMENTAL COMMITTEE MEETING REPORT



By J. Brock (FINN)



A meeting of the Environmental Committee took place in the Liberation Room of the Secretariat at 1000hrs on Wednesday, 10 January 2006. In attendance was Cllr. Richard Davis (Chair), Cllr Mike Rendell, John Barton, Director of Fisheries, Phyl Rendell, Department of Mineral Resources, Manfred Keenleyside (PWD), Dominique Giudicelli (Environmental Planning Officer), Sally Blake (RBA), Nick Rendell (Graduate Trainee), and Fiona Wallace (Minutes). Apologies came from Grant Munro (Falklands Conservation).



The first rather urgent item was the Environmental Impact Assessment Report done by Desire Petroleum. (See relevant FINN Reports). It is out for public consultation but needs to be further publicised in the media.

Umm, interesting that the EIA is classed as urgent ? Let's hope a rig is being organised either via a new farm-in partner, (highly likely I think), or direct.

imho, dyor.

Last time Oily when the report was published we were drilling within 6 months.

Urgent is a strange word to put in mind you why so urgent?