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

luckyswimmer

thanks for your answers and unfortunately cash is tied up till wed. bugger!!!

kind regards

marrow

Hi all

A great day again. DES is now up at the 200 day moving average. It looks set to pass through this tomorrow. The momentum should build as the the bulls take DES through the 200 DMA, we shaould also get support when the golden cross takes place, this should be in the next few days. Also news of a rig will give DES a boost.







Good Luck All

Eddie

Cheers Eddie,

What happens with the Golden cross?

Hi markymar

The golden cross is when the 20 day moving average comes up through the 60 day MA. This is seen as a buy signal, as is the candles moving up through the 200 DMA. Both of these should happen soon (all being well).


Kind Regards

Eddie

Cheers Eddie
Good chart.
Good post Captguns.
Golden cross.
Price is rising.
May it all continue
now all we need is a rig,
it all seems to be coming together nicely
all the best
HUSTLER

Thankyou for that Eddie can you see my Range Rover in them charts

Hustler I dont think Capt will be posting as computer has gone bang for a bit so a bit missed input there.

Cheers Marky
I am not that hot on charts but i think
i see 4 Range Rovers, one in each colour, MM1 - MM4
keep up the good work
all the best
HUSTLER

Marrow...re spread bets

Luckyswimmer replies correct with one comment.
1. yes, your calculation of profit correct.
2. No max. profit worries....always remember the spread firms hedge everything and don't take risk themselves...they just charge you a commision in the spread.Not like those nasty bookies who limit winnings. I knew a guy who was convinced the markets were gonna fall. He opened up bear positions in the Dow and suffered a bit of pain as they crept higher but was so convinced he kept increasing his position. This was in Oct 87...(Time of the crash) he made 2m in two weeks. He also had big balls.
3. This is the one I'm not sure of. If your position goes positive, I'm not sure you can withdraw cash, but you will have an enhanced credit position to do other things with if you wish.

I suggest you read the brochures quite carefully...all the details will be there!

Mega good luck FOG

Hi HUSTLER markymar

I think its oil I see, forgot to mention DES went up through a falling window today. This is generaly seen as resistance, DES has closed well above the window. This can be taken as another good sign. Maybe it is a Range Rover, you put oil in them.

Kind Regards

Eddie

On a tip site i use, they think oil will be $62 dollars very soon

In the falkland they think it would cost $18 to $21 to extract and take it away so you can see if oil is found then profit margins are big.

Remember live oil was free flowing in shell block and others had shows and when you find some oil there is more near it.

Keep them thoughts more to come!

Eddie them twins will not have to want for anything apart from love from parents

Blue sky

Markymar

Hi Eddie, thanks for your ongoing work. I was wondering what you thought of the state of the RSI & stochastic indicators that you have mentioned in the past. We've had a decent run up from the 28.5p low and I am concerned about potential for a near-term pullback (let's call it better buying levels), as the momentum indicators are into overstretched territory. Also there is a potential 'dark cloud' - but that will hopefully change by the close.
My point being, if we are due a pullback, where do you think we will re-base?

I think 38p should be seen as a good level to buy. It's the rising trendline off the low and also the 60-day moving average. Plus in Elliott terms, the peak and 37.25p (3 Jun) should stay intact to allow an impulsive (5-legged) rally off 28.5p.

Regards
Lynnzal.

Hi all

Hi Lynnzal

Yes the momentum indicators are looking slightly streached. But I thought there was still room to manage over the 200 day moving average. Todays candle is a bearish counter attack, it does have bearish implications, but needs confirmation of trend reversal. The pattern isn't quite as bearish as dark cloud cover, ie the close hasn't gone to far into yesterdays close. This doesn't mean we don't have to be carefull. But cofirmation is needed. Des has made some great gains over the past few weeks, the bears will be looking to take some profit. I also think the fact this is just about the issue price, we may see more volume, the bulls will have to stand their ground. It looks like a big battle may take place. Lets hope the bulls have the upper hand.






Good Luck All

Eddie

Cheers Eddie.

Cheers for that Eddie and lynnzal good to see thoughts

Am quiet Bearish at moment as things going on in back ground and not a rig as its all hype.

After Calgary out of the way i dont know the time frame or if we have smiley faces at moment news will be with in the month and rig sorted

We need patience Marky.
Facts as we know them, at best we drill in 9 months
time crude at all time high and seems will remain that
way and even higher. The bad news a world resesion will drag
markets down so chicken and egg senario.
With crude prices high rigs not cheap or readily available,
we could well see a delay in drilling this
will not be good for the sp but the flip side is we
believe we have a better than average chance of finding
a good strike this will drive us higher, i am sure the board
are very much aware of this but after the issue, they have the
time as well as the money is in the bank.
Further questions need to be addressed the Brit Gov
for example, previous posts quote new warship being built to
police the area, i am sure there are a lot of hidden agendas
to be addressed which we are not a party to.
However as we know if you believe as i do we will strike.
This is not for widows or orfans but a waiting game
and will come good in time.
regards
HUSTLER

http://www.guardian.co.uk/oil/story/0,11319,1511846,00.html#article_continue

markymar
Good article, to which the simple answer is "Yes!"
The world generally hasn't caught onto the implications of this. They will do eventually and we will all suffer to some extent. Everything is so reliant on oil. The higher the price of oil becomes, the higher the price at the petrol pumps, up goes the cost of transport, up goes the cost of goods in the shops to cover these costs, some goods will start to disappear from shops or become scarce, up goes inflation (and interest rates?). Multiply this across the world and bang goes the world economy.
OK, so BP has at last admitted that oil will be >$40 this year. The reality is it will be way in excess of this. How about the average for 2006? $80?

The calagry presentation is now on Des's web site.

Rather large file size so no quick link.


http://www.desireplc.co.uk/index1.html

http://www.desireplc.co.uk/index1.html< Well found Capt

Ho Ho Ho, where's me Rum.

Jan triple decker with Liz and Beth looks on.

Lots of new wenches as well, all looks excellent.
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