About Us

Desire Petroleum plc is a UK company listed on the Alternative Investment Market (AIM), dedicated to exploring for oil and gas in the Falkland Islands.

1996
Company is formed to participate in 1st Falklands Licensing round.

1998
Company is floated on the Alternative Investment Market (”AIM”) after raising £15 million.

1998
Desire participates in 6 well drilling campaigns. Desire has interests in 2 wells.

2004
£4 million raised to shoot 800 sq km 3D seismic.
Desire press release (07/01/04). Seismic Survey to Commence
Desire press release (28/01/04). Seismic Survey Commences
Desire press release (20/07/04). Seismic Survey Update
Desire press release (09/11/04). Interpretation of Seismic

2005
Data interpretation confirmed new model.
Desire press release (12/05/05) 3D Seismic Data Update

2005
£25 million raised for new 3 well drilling programme.

2008
Announced farm-in agreement subject to a number of approvals.
Desire press release (25/02/08) Farm-in agreement

2009
£42 million raised in Share Placing for 2010 drilling campaign

2010
£20 million raised in Open Offer for 2010 drilling campaign