Desire Petroleum

Lexus1976

http://en.mercopress.com/2010/01/08/falkland-islands1

"Desire Petroleum’s Chairman Stephen Phipps, Chief Executive Officer Dr Ian Duncan and Finance Director Eddie Wisniewski are due to arrive next week for a round of meetings with government officials and others. They will be accompanied by Ben Romney from Buchanan (Desire’s PR consultancy) and Robert Watts, a journalist from the oil industry magazine Upstream.

Three representatives from Rockhopper Exploration are also scheduled to arrive next weekend.

The Ocean Guardian, under tow by the Maersk Traveller, is still on schedule to arrive in early February; Desire’s Falklands representative Lewis Clifton confirmed this week.

A second Maersk anchor handling tug supply vessel is due to arrive late this month, and the third rig support ship, a platform supply vessel, will complete the offshore drilling support package, he said.

The pace dockside is about to pick up with the first of two cargo ships, Thor Leader, carrying oil equipment from UK, arriving next week. The second cargo ship, Honest Rays, arrives on January 15. Mr Clifton said discharge operations would be undertaken 24 hours a day until the 14,000 tons of equipment onboard were sorted and stored, pending the arrival of the Ocean Guardian.

Onshore specialised support personnel will begin arriving in Stanley during the next few days. Mr Clifton said up to 12 personnel would be based in Stanley for the duration of the drilling programme.

As with oil rig workers, these personnel will rotate 28 days on and 28 days off.

The shore support personnel will be largely based out of the integrated pipe yard and laydown facility being constructed at Coastel Road by Byron McKay Port Services, of which Mr Clifton is a director. The facility will include modularised office and warehouse accommodation, and the silo plants (muds and cement bulk storage), although other private sector facilities will also be utilised.

Mr Clifton said Byron McKay Port Services had secured an on-shore services support contract, and were working with AGR Petroleum Services - the oil operator’s contractor - to provide the ship-shore-ship logistics support interface.

A number of local appointments have been made to support the contract terms. These include an aviation coordinator and a number of operatives, slings men, labourers and stevedores. A two week training programme for operatives was undertaken during early December under training guidance brought in from Aberdeen, said Mr Clifton, adding that security personnel would also be appointed for the duration of the drilling programme.

Helicopter support operations are to be provided by British International with an airframe due to arrive on the Ministry of Defence freighter next week. Mr Clifton said work was also progressing towards bringing back on line the helicopter refuelling facility at Cape Dolphin on East Falkland, which was set up during the last drilling round in 1998. However, unlike in 1998 when the Borgny Dolphin oil rig was visible off Cape Pembroke, the Ocean Guardian is unlikely to come into sight on arrival, said Mr Clifton. "


Desires first drill is planned around mid February, there is a lot of excitment around the Falklands at the moment. Could be a very profitable investment.
Other oil companies to watch Rockhopper and Falklands Oil & Gas. This is in my opinion, as always do your own research.

Here's an interesting article on the 4 main players in the Falklands:

http://www.fleetstreetinvest.co.uk/oil/supply-demand-oil/falklands-oil-update-98463.html

Smcgie

I was tempted to it the buy button on this one at 98p.. I didnt. Shoulda woulda coulda and all that. Although im still interested in RKH. IMO if Desire drill a duster there is to much downside on the SP.

Cant win em all lexus.. Well done.

Lexus1976

Smcgie wrote: »

I was tempted to it the buy button on this one at 98p.. I didnt. Shoulda woulda coulda and all that. Although im still interested in RKH. IMO if Desire drill a duster there is to much downside on the SP.

Cant win em all lexus.. Well done.

Hi mate,

Totally agree with your opinion on the downside, once the rig arrives in the Falkands and the drill starts I will be selling a large proportion of my holdings.

If the drill is sucessful my remaining holdings will be sufficent. The reminder will be reinvested into RKH, I will continue the strategy above and reinvest in Falkands Oil and Gas. Just riding the wave of rumours and sellings on news.

Desire is up approx 40% since my purchase in Jan

Smcgie

I think you have the ideal strategy but I would image a lot of PIs are going to sell pre spud too. I think a 10-15% drop on spud announcement, I could even be bold enough to say I see a few II's selling a small portion after getting a bucketfull at 70p.

Best of luck with this one, I really like the share and the company history. I would be in only too may fingers in too many pies

Speculator

The PR has really been stepped up over the last couple of days and will go into overdrive next week. Everywhere I look I see Falklands oil. Articles everywhere on the net and a lot of journalists and investment brokers now getting in on the action. Shares Mag, FT, Business Week, Investors chronicle, CNN, BBC etc...

Great time to be invested in this share provided you have a high risk tolerance. High risk - high reward. Sure it can go either way but if your not in you cant win

Unlike the the last expedition to the falklands, the price of oil and technology has improved dramtically hense the hugh interest and the growing tensions between the UK and Argentina. Everyone knows that the oil is there which leads on to the next big question if Desire hits the jack pot how will it extract the black gold. The worlds largest oil companies are now paying close attention and will undoubtly move in with take over bids and partnerships to help these aim companies extract the oil. I was planning on selling upon the drill but now reconsidering my options as there could be a massive bounce once the larger companies announce their involvement. The last thing i want to do is miss out on the bounce, however I will be taking profits on first spud.

Best of luck to all investors in Des, RKH, Fog and Borders it will be a bumpy ride. This is my opinion, so whether your investing £300 or £100k do your own research, information is the highest priced commodity in the world. Enjoy your weekend.

There's an interesting article in the Financial Times this weekend

http://www.ft.com/cms/s/0/1a9ddb38-12be-11df-9f5f-00144feab49a.html

cooperguy

What do people make of Rockhopper Petroleum, Desires partners?

Also as a novice I have a very stupid question to ask. Yahoo finance give a number of different quotes out of a number of different cities for Desire. What dictates all these prices or how does that work? How do you decide where to buy?

Speculator

cooperguy wrote: »

What do people make of Rockhopper Petroleum, Desires partners?

Also as a novice I have a very stupid question to ask. Yahoo finance give a number of different quotes out of a number of different cities for Desire. What dictates all these prices or how does that work? How do you decide where to buy?

Not a fan of Rockhopper, I'm invested in Desire at the moment and have been taking profits along the way, the drill is next week so it maybe to late to get in.

Take a look at FOG probably your best bet at this stage.