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

More bad news when will it ever end.

when the shares are suspended

I think it was a rhetorical question, but that certainly adds a touch of reality to the situaton!

It's the end now. Let's face reality. I told u all it was a false Dawn.

I'm still in and just going to wait for better times....(reduced holding).....with RKH's 2 wells and then probably Desire spudding one close to their border.....sp will rise.....perhaps back to 100p at some stage..... this is the worst share that I hold by a mile...others more than making up for this....

then why the hell don't you bite the bullet and (say) buy more RKH

Already in with quite a lot.......RKH's sp is 10 times DES's.....has to move a lot to make it worthwhile.......I did sell some DES much higher up...but rather than bank a loss.... will wait because better times for this share will come.....if RKH come up with the goods...it will send DES up as well, regardless....frankly not too bothered what this does as plenty of successes elsewhere....

Far from the end captain hlyeo and i think we all new it had a low chance of Success I have been buying in this morning and this will bounce back in time.

disagree marky ..... it was only with great difficulty that i managed to short some more as the market is effectively "unborrowable"

20p on the cards for DES now in a few weeks time.

Short still running, hlyeo? Also, what %age stop are you using, as there may be a few bounces along the way? (Just interested as not a shorter myself.....yet).

i am too but almost never bother with stops as short spikes are common and are a pain ..... further, if not guaranteed, they are effectively a waste of time

Can't understand what's the huge interest in these Falkland stocks apart from being in British waters.......

agree rf, sooner have north sea...going well, (exscuse the pun)

RF .... you seem to have quite an interest, even if a bit misguided!

You can't be serious rf!!! I think that was a cry of desperation from still holding DES!

It's better to cut loss, I feel, than to hold on eternally.

absolutely ...... first cut is the kindest

You didn't say that.....all those years ago??????? did you!!

sure did when i held my older son ..... i remember my dad wincing at the time!