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

Explosive..how do you think they found oil in the North sea, it was drilled and oil was found and will be done in the Falkands.

The well shell drilled was capped as it was free flowing oil,oil was $10 its now $112 its worth having now and a big mistake by shell and they may come back yet.

http://www.rockhopperexploration.co.uk/cube.html

Untill the drill bit goes down and they hit oil we dont know for sure but as the good DR has pointed out it hit a high of 4.79 in 1998 and it will breach that high again.Desire only had a 22% share last time, it has 92.5% now in all of its acerage.

Time will tell,its a once in a life time share to hold it will either make you very rich or you loose everthing.

The odds are looking better that i wil be proved right.

yeah, thats right so what price you hoping to pick them up for os if you wait you stand the risk of missing the boat - we're heading back to 6

http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=&xml=/money/2008/03/10/cxmktrep110.xml

The Falklands: Will there be oil?
By Ben Bland
Last Updated: 12:45am GMT 11/03/2008

Until DES comes clean with the name of its purported farm in partner this is another dead parrot in the making.

well it's not going to stay up, i know but as soon as the partner is announced and we get some timescales for drilling then this will no doubt rocket again

We have a good idea who the partner will be - Arcadia. It is the time and investment program that will be of most interest. As well as possible other jvs or farm outs.

What makes you think that Arcadia is the partner??

starting to motor again..

http://www.investorschronicle.co.uk/MarketsAndSectors/Sectors/article/20080318/9a11e20e-f427-11dc-96a0-0015171400aa/Rigging-the-Falklands-oil-race.jsp

Rigging the Falklands oil race
Created: 18 March 2008 Written by: Daniel O'Sullivan

Whats with all these automatic trades?

http://www.investorschronicle.co.uk/MarketsAndSectors/Sectors/article/20080318/36b40698-f417-11dc-96a0-0015171400aa/A-crude-yardstick.jsp

A crude yardstick

a load of selling going through why isn't the price tumbling? do they have a big buyer mopping them up...

have they just loined SETS? can't understand why so many ATs - institutions buying and selling now like its a blue chip.

Now a month since the farm-in announcement. Further news ought to be imminent.

Well that meeting of the Executive Council is today so we might hear some thing in the near future.

http://www.falklandnews.com/public/story.cfm?get=4890&source=3

LOCAL DEVELOPMENTS:

Several suggestions have come in as to who Desires farmin partner is. At the moment we await Executive Council where there might be a clue as to who this partner is. HDR wont be speculating as it could lead to that all important deal falling through. We wont be holding our breath either.

Westmount Energy Limited
26 March 2008

PRESS RELEASE

WESTMOUNT ENERGY LTD: INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2007

Snipet from interims

Our last remaining holding, and indeed the very first investment made by our
late Chairman Derek Williams, Desire Petroleum Plc is at last moving towards a
drilling programme in the Falkland Island Basin and they announced in February
2008 that a Farm In agreement has been signed with a major oil company to drill
two wells. This is extremely encouraging news and has been reflected in the
increase in the Desire share price which we took advantage of and sold 300,000
ordinary shares at a price of 77.79 per share. We await further news on this
development.

It remains your Board's intention to realise value from the investment portfolio
as and when the opportunities arise, and to return capital to shareholders.

Mervyn Bradlow

Chairman

26 March 2008

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

BUY
CONFIRMED

http://www.falklandnews.com/public/story.cfm?get=4894&source=3

Speculation is ripe that Oil Company representatives will be visiting the Falklands in May to discuss logistics for the up and coming drilling round. Nothing is firm but HDR will keep an ear to the ground.

However, even attracting a
farm-in partner can provide a
boost to a share price. Falkland
Oil & Gas rocketed after it
announced it was in talks about a
farm-in agreement with major
resources company (eventually
revealed as BHP Billiton (BLT))
last July up more than 50% in
the course of a single day.
Although, interestingly, when
the details were confirmed that
old adage about buying on the
rumour selling on the fact came
to mind, as the stock retreated.
When fellow Falklands explorer
Desire Petroleum (DES:AIM)
announced earlier this month
that it too was in talks with an
unnamed partner it also saw its
shares take off.
Of course the Falkland Islands
are something of a special case.
For quite some time the
companies looking for oil therewere dismissed, not unfairly, on
the basis that they would never
be able to get a rig to the region.
The mobilisation costs alone
were potentially astronomic,
perhaps as much as 30 million
and that supposed that a rig
contractor could be persuaded to
make the journey to the south
Atlantic in a tight rig market and
with plenty of work available in
less remote regions. The arrival
of BHP Billiton has made drilling
far more likely in fact the
company has entered into a
commitment to drill two wellsthat some drilling will take place
next year.
There is another reason why a
farm-in attracts buyers.
Effectively it serves as a seal of
approval on the companys
assets particularly if the partner
is someone of the profile of BHP
Billiton. If a firm with that level
of credibility is prepared to
invest it inevitably boosts
confidence in the prospects of
eventual success.
Ultimately, as discussed
above, if you can judge the
quality of a companys assets
you can judge the quality ofcompany. Obviously having a
good management team helps,
as does a good track record and
strong financial backing. But at
the end of the day what really
matters is the oil or gas in the
ground for a number of firms
a farm-out, at one end of the
scale, or a takeover, at the
other, can be a good way of
realising value.
And in order to tap into the
potential excitement generated
by asset trading we have
sought to identify companies
which have large equity
positions in projects attractive
enough to snare a bidder or
attract farm-in interest.

From Shares mag.

DES Desire Petroleum PLC '' 77.50 78.00 79.00 74.50 74.50 -3.87% SELL-IF

British Bulls

http://www.mercopress.com/vernoticia.do?id=13052&formato=HTML

Will UK demand hydrocarbons income from the Falklands?