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 was founded in 1996 and participated in the first round of drilling in the North Falkland Basin in 1998. Desire now operates 6 licences in the area, Tranches C, D, F, I, L and the recently awarded PL034.
Rockhopper Exploration plc have farmed-in to Tranches C and D while recently Arcadia Petroleum Limited have farmed-in to part of Tranches C, I and L.
The North Falkland Basin has a proven working hydrocarbon system with an excellent oil source rock. In addition, recent studies have indicated there is also a significant gas potential in the basin.
Major oil and gas prospects have been identified with a mid-estimate, unrisked recoverable oil potential exceeding 3.5 billion barrels and gas over 9 trillion cubic feet.
The water depth is shallow, less than 450 metres, with shallow drilling targets in the range 1500 - 3000 metre
Announcements
- Report and Accounts (18th June 2009)
- Director Shareholding and Additional Listing (28th April 2009)
- Preliminary Results (22nd April 2009)
- EIA Submission (9th March 2009)
- Operational Update (10th February 2009)
- Directorate Change (4th February 2009)
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2009 AGM Presentation
To view the latest presentation, delivered by Dr I Duncan at the 2009 AGM « click here »
Rig Deployment Presentation
To view the 2009 AGM rig deployment presentation by Mr R Lyons « click here »
Economics
To view the details of our Oil Exploration Economics « click here »
EIA Report
To view the Environmental Impact Assessment report for the offshore drilling of licences PL006, PL007 & PL034
« click here »
