Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.

Desire Petroleum are drilling in Falklands (DES)     

markymar - 03 Dec 2003 11:36

free hit countersDesire 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

rekirkham - 13 Oct 2010 15:35 - 4821 of 6492

DON'T FORGET - "WESTMOUNT" WTE, OWN ABOUT 3.2M DES SHARES -
PERHAPS THEY ARE OFF LOADING A FEW - ALTHOUGH NO NEWS ON THAT ?

skinny - 13 Oct 2010 15:36 - 4822 of 6492

Chart.aspx?Provider=Intra&Code=DES&Size=

markymar - 13 Oct 2010 15:36 - 4823 of 6492

Why is it keep going in to auction

hlyeo98 - 13 Oct 2010 15:37 - 4824 of 6492

This will fall even faster over the next couple of days.

skinny - 13 Oct 2010 15:38 - 4825 of 6492

dead_cat_bounce.jpg

dealerdear - 13 Oct 2010 15:46 - 4826 of 6492

Certainly doesn't look good.

Maybe all the oil has been over-hyped

hlyeo98 - 13 Oct 2010 15:47 - 4827 of 6492

Another duster on the way for DES, I think.

markymar - 13 Oct 2010 15:53 - 4828 of 6492

Said the man who shorted RKH

markymar - 13 Oct 2010 16:01 - 4829 of 6492

Bought a chunk at 1.38p

required field - 13 Oct 2010 16:38 - 4830 of 6492

You've caught a diving knife.....thought this might happen....

ptholden - 13 Oct 2010 16:49 - 4831 of 6492

I take it no-one knows why the sudden sell off?

Perhaps another RKH type unfounded rumour, which will see a RNS from DES denying such, a quick recovery in the SP, burning a few shorters and the inevitable longer term holders stopped out on a spike?

Or they've missed again?

No position here, watching with interest.

required field - 13 Oct 2010 16:53 - 4832 of 6492

This is a massive risk.....I would only do it for short term gain.

cynic - 13 Oct 2010 16:54 - 4833 of 6492

it's the fear (reality?) factor setting in ..... RKH have owned up to problems in making an accurate assessment of Sealion's potential, albeit that it's still commercial at 170 mbbl, and this reflects in the greater probability (chance) of Rachel coming up blank

halifax - 13 Oct 2010 16:57 - 4834 of 6492

cynic proven recoverable reserves mean something tangible, guesstimates are meaningless.

cynic - 13 Oct 2010 16:59 - 4835 of 6492

many thanks for the correction, though i thought 170m was based on rather more than just a finger in the air

yuff - 13 Oct 2010 17:00 - 4836 of 6492

Put your money in to AMER now-onshore drilling with a massive drill programme planned.
Take your profits and be safe.

Just too risky for me all this offshore drilling. I cant see this or RKH getting oil out for at least 3 years.

ptholden - 13 Oct 2010 17:01 - 4837 of 6492

Ah, just caught up with the RKH thread, hadn't realised they had downgraded Sea Lion, so I guess (as Cynic comments) fear is taking a grip, albeit seemingly delayed fear!

Also had to wade through a load of nonsense posts from that dopey twat MRSI who seems to have trashed the RKH thread all on his own (not for the first time).

cynic - 13 Oct 2010 17:04 - 4838 of 6492

yuff - MATD looks like a blue chip relative to AMER!

halifax - 13 Oct 2010 17:05 - 4839 of 6492

cynic you have hit the nail on the head is that number a fact or is it merely a guesstimate? Today RKH reduced the figure by 30% on what basis, why not 50/60/70..... anybody can think of a number at this stage.

markymar - 13 Oct 2010 17:16 - 4840 of 6492

700 million barrels and up to 8 fans not 4
Register now or login to post to this thread.