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

pure speculation I know but with the shell interest or maybe other big firms, could anyone guess as to the top wack SP for this share by time an agreement is confirmed, if so would appreciate how this is calculated.

watcher

Hi all

I have an intrest in des. I first bought in at 17.95 a couple of years ago & have recently re-invested. The company has recently gone from 41 million & has stoped at 100 million capital (nice round figure for the end of the week). With all the heavy trading that has gone on since 09/11/04 it's no wonder some proffit takers have stepped in. Friday being pay day! Lets look forward to another nail biteing week.

Good Luck All

Eddie

Hustle..
no one has more respect than I for our hero's but they were obeying orders, doing their duty, whatever that may have been?!?!.

My father was 34 yrs. a soldier, 1st & 2nd world wars.


Naive to think we knew/know the full story but raw mineral deposit/resources were undoubtedly involved. It wasn't about a handful of people and sheep living at t'other end of the globe, thats for sure.

Agree that this week has been celebration time so cheers to all of us, whatever our views

Planning to buy more after receiving my salary next week.

hlyeo be carfull because this realy does go up and down on friday it was 57p to 68p all in one day and ended 62p and news will be 2 to 4 weeks i think of a farm-in deal presented to us so may even be a little longer but if a farm-in is presented 1 + you will see.

LONDON (AFX) - Buyers were again active in Desire Petroleum, 3-1/2 pence better at 61.

The company, whose shares have recently been buoyed by an upbeat seismic survey, was given an extra boost from speculation that Shell, or another major, will become its partner in the North Falkland basin.



fjb/vjt/

Thanks, markymar...then all the more reason to buy in next week. I think it will reach 1 with no difficulty.

Thanks to Pointy End off III :-

Small nugget in the natural resources sector:
From Saturday's FT.

"Shell is sending drill rigs towards the Atlantic to try to counter dwindling north sea oil and gas production."

Could this be Desires area of the Atlantic? Any ideas oil guys, what other atlantic ventures are there to talk about at the moment?

Then on pg 75 in an article on Shell, theres the sentence:

"Mr Botts said that the push for new major discoveries in the Atlantic margain was bought about by the decreasing size, and the increasing technical complexity of the north seas traditional reserves."

Roll on monday

I have sold other "stale" shares to buy more of this . Despite profit takers i can only see a rise by year end , possibly well over a pound . Thought there would be more in the papers this w/end , but its well worth the risk . Hope i`m right !

Looking at Desire today and have bought in and around the 55
level.. Why? Look at what has happened with other oil shares
when the intial large movement is reversed with profit takers.

Have employed this with AEN and FOGl.. (although was in AEN initially
at 80p).



Look Familiar?
http://www.moneyam.com/cache/graph.php?startDate=15%2F10%2F04&period=1M&epic=DES

DYOR

bradley007 do me a big favour please and put a chart on discussion board for (nlga)nelson resources.

Thanks bowman

What happened to DES today?

i cannot find anything to say why the sell out, anyone any news ?

Just rumours that Evil K has been planning a massive shorting strategy. Worried a few over the weekend but looks set to recover shortly.

Let us all defy Evil K...He has made too much money shorting here and there.

I sold early but really don't know why as I think it will go from strength to strength but ther will be dips along the way and I'll let the trend etc....

I think it is time to buy DES today on weakness at 54p. I an in ...now

Why's anyone surprised at the pull-back after it rocketed last week?

Just seems like normal market dynamics to me.

Probably be able to buy it in 6 weeks time for 38p, and then watch it put on the next spurt up. Unless there's more news to come, otherwise why would it stay up at 60p+???

In 6 weeks it will probably be in the 70-80p region...

Bowman... just for you... (if it works!)

http://www.moneyam.com/cache/graph.php?epic=NLGA

DES is having a pull back.. but all the stocks that have done
kind of performance have done the same... AEN was at 80p and
everyone was slating it until it went to 390.. pulled back to 254
and now back at 400 plus.. FOGL went from 40 to 60 pulled back to
52 and is now 75 - 80.

It is true that the market just does this, lots of profit.. sell.. makes
sense, however a well timed move on a pull back can reap rich rewards,
and DES should be supported at around 50 in my book with a move to the
seventies... after seeing their share price move to these levels the
directors will be keen to keep giving goods news and keeping the momentum.