Seismic Survey to Commence (7th January 2004)

Desire Petroleum plc
“Desire”

The Board of Desire is pleased to report that they have been advised by Fugro Geoteam A/S, the company which is to be contracted to conduct a 3D seismic survey for Desire, that the seismic vessel: "Geo Pacific", is expected to commence the 3D seismic survey over Tranches C and D in the North Falkland Basin before the end of January 2004.

The weather in the South Atlantic is currently good (it is mid-summer there), which should enhance both the rate of data acquisition and data quality.

The survey has been designed to refine the definition of what are currently considered to be the three largest, potentially-oil-bearing, prospects in the North Falkland Basin.

The Board will keep shareholders informed of developments as the survey progresses.

For information contact:
Dr Colin B. Phipps: 020 7409 2138
Dr Ian Duncan: 01684 568415