Seismic Survey Commences (28th January 2004)

Desire Petroleum plc
“Desire”

The Board of Desire is pleased to announce that the seismic vessel "Geo Pacific" is now on station in the North Falkland Basin and commenced acquiring 3D seismic on 28th January 2004. Under an agreement with Fugro Geoteam A/S, the contractor, the "Geo Pacific" will acquire a minimum of 800 square kilometres of 3D seismic over Tranches C and D and a small area of Tranche F. The 3D survey has been designed to cover the three largest structures identified by previous 2D surveys and, dependant upon weather, is expected to take from 40-45 days to complete.

Following completion of the 3D survey, the data acquired will be processed and interpreted with a final interpretation expected later in the year.