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
- Liz 14/19-A Exploration Well Spud (23rd February 2010)
- Directors' Shareholdings (10th February 2010)
- Directors' Shareholdings, Issue of Equity and TVR (4th February 2010)
- Drilling Update (2nd February 2010)
- Holdings in Company, Total Voting Rights and Rebasing of Share Options (27th January 2010)
- Result of Open Offer (12th January 2010)
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Analysts Presentation
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EIS Addendum
An addendum to the EIS for the drilling programme has been published and is now available to view or download « click here »
Proposed Placement Circular
The circular detailing the Proposed Placing of 60,000,000 new Ordinary Shares, details of proposed Open Offer and notice of General Meeting, 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
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