Liz 14/19-A Exploration Well Spud (23rd February 2010)

Desire Petroleum plc

('Desire' or the 'Company')

Liz 14/19-A Exploration Well Spud

Desire Petroleum PLC (AIM:DES) the oil and gas exploration company wholly focussed on the North Falkland Basin, is pleased to announce that, following the arrival of the Ocean Guardian in Falklands waters on 19 February 2010, the Liz 14 /19-A exploration well was spudded at 14.15 hours (GMT) on 22 February 2010.
 
The well is being drilled to an estimated target depth of circa 3,500 metres. Drilling operations are expected to take approximately 30 days and a further announcement will be made once drilling is completed.

For further information please contact:

Desire Petroleum plc                                     020 7436 0423
Stephen Phipps, Chairman
Ian Duncan, Chief Executive Officer

Seymour Pierce Limited                                 020 7107 8000
Corporate Finance
Jonathan Wright
Christopher Wren

Corporate Broking
Richard Redmayne

Buchanan Communications                            020 7466 5000
Tim Thompson
Chris McMahon
Ben Willey