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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

Proselenes - 18 Nov 2010 10:52 - 5541 of 6492

Feedback says everything is going fine and to plan, therefore expect strong rumours to start coming out week commencing 29th Nov IMO.

Proselenes - 19 Nov 2010 14:28 - 5542 of 6492

Thanks to Granny @AFN, Survey Zone 1 of 4 coordinates now available.

t6c66g.jpg

.

Proselenes - 22 Nov 2010 11:40 - 5543 of 6492

Who is that Pro_S2009 poster on DES ?? ;)


Worth a read, 4 page write up.

http://uk.reuters.com/article/idUKTRE6AL1RH20101122?pageNumber=1

.

Proselenes - 23 Nov 2010 11:44 - 5544 of 6492

SP is getting a bit more excitable now.

So it should be, they should be now fast approaching zones of interest...... :)

Any day now might see a sudden whooooosh of the price upwards.

HARRYCAT - 23 Nov 2010 11:56 - 5545 of 6492

Or downwards......

hlyeo98 - 23 Nov 2010 12:47 - 5546 of 6492

I agree with Harry.

Proselenes - 24 Nov 2010 12:12 - 5547 of 6492

Positive vibes presently emanating.

I would look for news, either way be it good or bad, next week. At the moment though its all positive vibes.

blackdown - 24 Nov 2010 13:46 - 5548 of 6492

From which part of your anatomy are these vibes emanating?

Proselenes - 24 Nov 2010 13:58 - 5549 of 6492

Shorts might start to panic soon..........

blackdown - 24 Nov 2010 14:14 - 5550 of 6492

Try a larger size.

avsec - 24 Nov 2010 15:46 - 5551 of 6492

Pros

I'm sorry to hear, in response to a question about your anatomy, that it is your shorts that might suffer....

Proselenes - 26 Nov 2010 04:26 - 5552 of 6492

Word is the section above the target zones is now nearly complete and they will be drilling ahead into the target zones probably through Sunday/Monday.

Therefore, watch volumes and rumours on Monday/Tuesday because that will be the time.

Proselenes - 26 Nov 2010 04:36 - 5553 of 6492

Shorts building up in DES, the stock on loan is now fast approaching 5 million.

Chart.aspx

That is going to make for one really big shorts closing rally on any good news. Might see a spike over 250p.


chav - 29 Nov 2010 16:05 - 5554 of 6492

Very quiet here despite DES putting up a lively show this Afternoon!

markymar - 29 Nov 2010 16:13 - 5555 of 6492

Just got in from making snow men Chav.....nice to see the rise

chav - 29 Nov 2010 16:39 - 5556 of 6492

Went shopping at your closest Tesco's this morning Marky and never got back till 4, so missed some of the fun myself....interesting to see how the rest of the week goes!

HARRYCAT - 29 Nov 2010 16:40 - 5557 of 6492

RKH blipped up in sympathy but couldn't hold on to the gain.

Proselenes - 29 Nov 2010 21:16 - 5558 of 6492

There should be surprise to striking oil. Will be nice to see the shorters burn and suffer this time.......

required field - 29 Nov 2010 21:25 - 5559 of 6492

Bought in first thing this morning.......nice surprise to see the rise.....

markymar - 29 Nov 2010 22:53 - 5560 of 6492

Chav just finished been at the mine and went to Tesco in tractor and it sliped all over in car park just as well it has snow clogs on............speeeeeedos on tom as i can smell the soup.
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