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

I fear a massive dilution.

Didn't cost me anything as i wasn't in old bean....dead dog from the start, glad i sold rkh in the 270's now looking to get back in....somewhen.,.

It would not surprise me if DES were unable to raise any more funds. I question the viability of the entire Falkland Oil scene really, back to very speculative from just speculative in my view.

Why is RKH so slow to confirm their discovery, if they went ahead to produce some oil this would generate serious investor confidence otherwise they might just end up like Stanelco.... pie in the sky.

A porkie pie?

Remember 20/share coming.,.

:o)

they said that when Toledo Mining went to 5, where are they now?

Whoever said 5 must have meant a nickel. ;o)

I don't suppose the investors who stumped up 140p/share in Sept 2010 will be coming back for more.

Maybe markymar will.

5p coming..?

DES is really messed up now.

The twist and turns of Desire,they have just updated there web site.

http://www.desireplc.co.uk/


"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 but less than 50% of this area is covered by 3D seismic.Consequently Desire is currently completing a 3D seismic programme in this area covering the east flank play fairway as well as the Ann, Pam and Helen prospects in other play types."
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sorry marky, but the market is underwhelmed implying that you are (currently) grasping at straws

Cynic am not holding at present i sold out at a huge loss on them to many ifs with Desire,i think i have lost enough with this share so will just watch and if i can jump in and out great.

Very vague rumour on Ft Alphaville of RKH making an all paper offer for DES. Possibly just press speculation?

market cap of 44 million how much of RKH oil do they have if any

Desire Petroleum plc (AIM:DES) wishes to provide the following update on its exploration activities:

The Company's 3D seismic acquisition programme is now complete and the full-fold area of coverage is approximately 1416 square kilometres in Tranches C, D, F and adjacent open areas. Combined with Desire's existing 3D data, these new data provide almost full coverage of the East Flank Play Fairway on Desire's acreage and extended coverage of the Liz area, Ann, Pam and Helen prospects. A planned extension of the survey to the south was curtailed due to poor weather conditions.

The fully processed data for the northern part of Tranche D and the Ann prospect area are being fast-tracked and are expected to be available in July. A fully merged data set covering all prospective areas is expected to be available towards the end of 2011.

However the preliminary raw stack data have been received for the area at the northern end of Tranches C and D and the initial indications for new prospects are encouraging. In particular, two new leads, Beverley and Shona, have been identified so far. The Shona lead is at the same stratigraphic level as the Rockhopper Sea Lion discovery and extends northwards to the block boundary of Tranche D, while the Beverley lead is at a shallower stratigraphic level and is mapped wholly within Tranche D.

Commenting on the announcement Chairman Stephen Phipps said; "We are pleased with the preliminary results from the new seismic data and feel that it highlights new prospectivity within our acreage. We anticipate the prospect inventory will continue to grow as the fully processed seismic data are delivered and interpreted."

Details of these new leads and a technical update can be found in the AGM presentation to be posted after the AGM today, on Desire's website, www.desireplc.co.uk

Decided to jump back in...just because RKH are probably near target depth and any success could be heavily reflected here....perhaps...