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

Rose tinted specs poo...

No because I don't hold but I can read.

Just like all football supporters there are those who do and those who don't and won't under any circumstances view anything positive about a team they decide to dislike or just be jealous of.

Before we know it there will be violence on the streets as rival supporters meet and decide to settle their differences in the usual primeval fashion.

As said they are still testing and you dont test dusters.....

Actually Mark, they do!

For testing when they have other prospects to drill in the same geological environment.

well that price is a joke am buying

strewth ..... you could genuinely have bought at about 43 before shares were suspended again .... did not expect that bad a hammering

I agree with you TheFrenchConnection 4135 let the rollercoaster carry on. I maybe one of the buyers if the price is right. Never risk what you can not afford to lose that's my strategy. just tried to get a price from my broker and they say sorry not at this time try agian later .

markymar,
i agree just trying to decide on which to buy RKH or DES?

God......agghhh !....what a drop...

DES is still suspended, but RKH tradeable and offered at 31

whats happened to des? why the drop?

we're all doomed, doomed I say....... RKH best bet now..

des is trading i have just topped up, and Beth they are still testing....tum tum tum

acw

Is that a sick joke ?

80p I said and it drops to below 40p...hell....

rkh and des both good bets once the bandwagon joins in at the low price

Am glad am off to work as the drop is over done and glad i have topped up and news of Beth to come very soon.

Market Maker LIBC being quite aggressive on the Bid (L2) which seems to indicate that 40 (ish) is the low for now. A little more bloody than I anticipated, but the RNS is hardly encouraging and I expect this well to be P&A, hopefully, today's fall ahs already factored that possibility in the SP.

From a charting perspective, this has been screaming short since the spike to 134p, I know it's hindsight (a wonderful thing) a classic Descending Triangle, but I chose to ignore what I could see, simply because on this occasion I considered charting inappropriate, silly me.

i have also bought a few more at 41.5 .... it's a bit brave, but for sure there will be a lot of forced closings and also perhaps some bear closing later on .... for all that, i sure wasn't prepared to stick my neck out even further