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
- AGM Statement (8th June 2010)
- Director/PDMR Shareholding (17th May 2010)
- 2009 Preliminary Results (19th April 2010)
- Gas Discovery (6th April 2010)
- Drilling Update (1st April 2010)
- Drilling Update (29th March 2010)
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2010 AGM Presentation
The 2010 AGM presentation is now available. To download this presentation « click here »
2009 Preliminary Results
The Preliminary Results for 2009 are now available to view or download « click here »
Analysts Presentation
To view or download this presentation « click here »
EIS Addendum
An addendum to the EIS for the drilling programme has been published and is now available to view or download « click here »
Competent Person's Report
Senergy's Prospective Resources & Economic Assessment of the Falkland Islands Assets of Desire Petroleum plc Report « click here »
Dr Colin Phipps Obituary
To view « click here »