Tuesday, March 2nd 2004 - 21:00 UTC

Desire Petroleum PLS

Interim report on the 3D-seismic programme in the North Falkland Basin

Comment

Approximately 40% of the 3-D seismic survey has now been completed and the first, unprocessed seismic lines have been received in the U.K. Data quality is high and, after processing, should provide a very good basis for interpretation.

Once the survey has been completed, it is expected that data processing will take approximately four months, at which time detailed interpretation can begin. This will not be available until later in the year but initial results are already encouraging.

Source: RNS - London Stock Exchange