Seismic Survey Update (20th July 2004)

Desire Petroleum plc
“Desire”

The Board of Desire announce the completion of the fast-track processing of the 804 square kilometre, three-dimensional (3D) seismic survey carried out in Tranches C and D of the North Falkland Basin. The processed data are now being subject to detailed interpretation from which potential drilling locations will be selected which, in turn, will form the basis of farm-out negotiations with potential partners.

For further information contact:
Dr Colin B. Phipps (01684 892242)
Dr Ian Duncan (01684 568415