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'm still holding - probably out of a perverse nature of not wanting to take a hit. However my holding is very small (and affordable if it comes to that) but there is the 'flip of a coin' chance that it will come good for long enough to mitigate the loss - I hope!

avsec..high chance that RKH will dig DES some way out of their hole.

I really hope your right

Digging and holes reminds me of mines........ ..and clogs

RIG UPDATE
Desire Petroleum plc (AIM:DES), the exploration company focusing on the North Falkland Basin, announces that the rig contract with Diamond Offshore Drilling (UK) Ltd for use of the drilling unit the Ocean Guardian for operations in the North Falkland Basin has been amended.

Under the amended contract an undefined number of optional wells may be drilled up to 1st March 2012, at which time the Ocean Guardian will leave the Falklands on a long term contract with another operator. Desire must declare the exercise of such options on or before the spud of the previous well in the campaign.

The rig is currently drilling well 14/10-9 for Rockhopper Exploration PLC who have announced they will follow this with a well on the Desire farmin area PL004b.

Desire is investigating all the possibilities to utilise the Ocean Guardian until the end of the contract.

and no doubt the cheaper the better ..... i can't read this as a promising rns but merely a way of minimising losses against a commitment

Sadly I think you are spot on. IMHO DES are in damage/cost limitation.

This is the first I've heard that OG will be leaving the FIs. Is there a replacement planned?

.

hello

Hi Rob,u holding at mo or just looking,this is what is making the share price rise that big word "IF" good COS so got to be worth a punt.

http://www.desireplc.co.uk/pdfs/North_Falkland_Basin_Detailed.pdf

Its like a cat with nine lives

Have decided today to buy a few more Desire shares the more I look into it the more upside I can see of them striking oil.

Game on!!! This could change Desire fortunes Remember this is an appraisal of Sea Lion and exploration of Beverly could have a huge impact on the share price of Desire.

Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, announces that the 14/15-4 well (the "Well") was spudded, by Rockhopper as operator, at 08.15hrs GMT on 28 November 2011.

The Well is situated on Licence PL004b in which Rockhopper will earn a 60% interest by drilling 14/15-4. The Well is designed to investigate reservoir presence and hydrocarbon charge towards the southernmost mapped limit of the Sea Lion field and is located approximately 12.1 km to the south west of the 14/10-2 discovery well and 6.3 km to the south of well 14/10-9. The Well is also an exploration well on the Beverley prospect.

The Company intends to drill to target depth ("TD") then subsequently sidetrack to core should significant hydrocarbon charged reservoir be encountered in either the Sea Lion Main Complex or Beverley. Initial drilling and logging operations are expected to take approximately 20 days and a further RNS will be issued prior to commencing any sidetrack.

The Company intends that 14/15-4 will be the final well it operates during the current drilling campaign. ( maybe Desire might drill another)

News should be any time....clip clop with a skip

looks like it could blow today

20 days from 28th Nov is 18th Dec! Why could it 'blow today'?

I meant the share price Harry which is now 10% up now,things are sounding postive in the back ground....who knows till an RNS

Ah, well spotted! The usual surge pre-RNS. Now up 13%.

Back on the move with RKH behind

keep an eye on WTE as they have a lot of shares in Desire if Desire news is good the share price will move its always behind.

well done to all connections.

Starting to blow again Harry