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

Have some early morning posters being browning their pants this afternoon?


Long ago >>>>>>>>>>...I learned a valuable lesson that it was better to be a master of my own destiny, rather than relying on the opinion others with vested interests.

RAMPER when holding the stock >>>>>>>
Proselenes - 30 Nov 2010 09:28 - 5572 of 5601
All "sauces" are now saying oil strike.

I must be nuts...but have topped up.....very risky....but will stay put...they are not going to end the drilling campaign here...plenty more wells to come.....

This time RKH is falling with DES unlike yesterday when the rise in DES was not matched by the others. It suggested nothing more than games yesterday but with RKH falling now, perhaps there really is no oil.

How many people are being burnt I wonder?

I think it is to early to call this as they are still drilling.

You only get burnt when you click sell !......

You get burnt when you get too close to the fire ...

I bought some more.....risky, but the upside could be big....and I'm counting on the next wells to bring back the sp.....

Very risky share but good luck.

what a great day!! lol - been out of des week or 2 but monitoring - then fluke checked today and des had tanked on nothing - buy / sell within about 30 mins & kerrrchinnnnggggg!! going fwd / tmmrw interesting that rkh steady but des down badly - usually come as a pair sp wise - hmmmmm! i see that dodgy brokerman daniels is saying des on the money with raquel but i tend to ignore him but to those who may want to check link here : http://brokermandaniel.com/

good luck rf you have taken a brave risk - i was happy in and out today quick by pure chance - but you get it right you will be sure to make the bigger profits here - and well earned might i say if it works out for you

Perhaps not on this drill but we shall see....patience is needed with the "foilkies" as I like to call them...but when they come right : they can go ballistic.....

Pretty exciting day. I do love it when DES has these wild swings, its so amusing. Its all rumour and counter rumour, longs going long and then shorts going short.

Very amusing and often brings out the scum posters on the boards, which adds to the fun.

Its been an interesting day.

Very similar to the RKH bear raid BUT with one major difference.

During the RKH bear raid where certain "city barstewrds" spread the rumour of heavy oil, it was very easy for the RKH board to deny this the same day as the results were known and the share price rebounds the same day.

DES is more difficult, they should have been still drilling, they might have oil shows data but run no logging, its therefore impossible for them to confirm or deny anything, which makes it the perfect time for a bear raid given their hands will be tied.

Now, in all probability we should look to failure, as this is the most common outcome of oil well drilling.

However, that also feeds the bear raid as the emotions of panic and fear will override rational thinking.

RKH they rumoured for weeks before about "heavy" and for DES people have been talking "tight" lower fans, so its no surprise todays "bad news rumour" is based on tight, makes sense for the bears to use that.

I would not be surprised to see a bad RNS Wednesday (its the nature of the game), but there is a chance there might be a good one and also a chance there will be no RNS as they are still drilling and/or logging.

We shall know soon, is it really bad news coming, or has today purely been about the city boys spreading false rumours and closing their shorts on the fear and panic they created ahead of good news (just like they did when they lied about RKH and pushed it from the 200's down to 60p intraday to close their shorts).

Interesting.... I do hold a few DES ( but as everyone should know majority of my dosh is safe in RKH and waiting for their 2011 mind blowing rise when they get the rig back.... ;) )


Lets see what Wednesday brings........

We're off again.....talk about a rollercoaster....

Scum - when posting on BB's...

LOL

cielo, I stand by it, sauces say struck oil !! Wait for drilling to end, and logging to be done and results in a few days or next week.

cielo - 30 Nov 2010 15:43 - 5602 of 5614
RAMPER when holding the stock >>>>>>>
Proselenes - 30 Nov 2010 09:28 - 5572 of 5601
All "sauces" are now saying oil strike.

Mr P. Please.......the word is 'Sources'. We dropped enough hints along the way!

Its not, when you refer to a dodgy source you call it a "sauce"....... please keep up.

Ah, gotcha! )

There must be a fair old chance of them hitting something as they side tracked Rachel and now just 2.5 km away drilling again.....you have to be pretty certain of something down there to go to such amount of trouble and expenditure....so to me there might be a good chance of perhaps hitting as Proselenes says : one of the Sealions fans.....am I right or is it nonsense ?....

sauce - i prefer HP to others - lol!