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

Price marked higher today ..thats 3 days in a row.

An rns from Desire Petroleum is immenent regarding joint venture in the falklands . It looks to be Repsol and Shell in the running for a piece of the action.
regards bowman

how do you know that bowman? I think an announcement is imminent and will be a farm in from one of the majors or possibly many companies (announced at the same time) which will propell this share sky high

bowman please substantiate post 361.

Well a good rise today and very strange rise when there was more sells than buys.

more upside today

Same again more sells than buys and the price goes up unless there is news some burnt fingers on the cards.

volume begining to rise again 3.5 million traded today
although 64% were sells the sp went up 6% to 61 bid - bit odd
good rise already this week hope for more
any more news of partners, noted post on possible link to shell
but have not seen any news
has anyone any more info

regards HUSTLER.

Market beginning to discount positive news. Imho fair value is 150p with positive news. How much the market discounts before news arrives is anyones guess.

Hi all

Well looking at the candles the resistance was at 0.55p as I said on my last post. Now we have gone through this 0.55p area I don't see any resistance untill 0.69/0.70p area. Looking at the MACD it has only just started to rise, so all being well it should continue. Even without the news, DES has been in an up trend, so there is no reason why it won't continue. Looking at the 10 day moving average DES has been close to it since the last big rise. Des is now above the 10 DMA which is also a good indication of its direction. The 0.55p which was resistance should now be the new support level. Only bad news would cause a sudden drop. Corrections may be within half of the rise which is now in progress. Other good indicators are DES has now move through its 5 year high of 0.55p. Good news may be ready to break. Let the trend be your friend, as I once read. A stop loss may be a good idea!

Any one any thoughts please!

Good Luck All

Eddie

Let's hope the rise continues.

Capt did you get the direct mail sent a few mins ago.

info[did you get the address?].com

info[snip]com is me

OK got it

bowman ref post 361
can you reply as to source of info ref partner with repsol and shell

regards HUSTLER.

Hello Chaps!
Thought I'd drop in to see where you've all been off too.

Looks as though the price is steadying this morning. I was hoping that guardian article would have added to the impetus, by implication it seems the farm in is done & dusted.
Marky, any word on L&C.
Regards
Jon