Falklands: Desire Petroleum plc - Operation Update
Desire Petroleum plc (AIM:DES) the oil and gas company wholly focussed on the North Falkland Basin, advises that the 25/5-1 well on the Dawn/Jacinta prospect has reached a depth of 1,313metres.
Drilling and wireline logging data shows that no hydrocarbons have been found in the Jacinta Prospect. The well will now be drilled to the planned total depth around 1,670 metres to evaluate the deeper Dawn Prospect.
Subsurface support is provided to Desire Petroleum by Senergy (GB) Ltd and the results reported today are based on the work of the Senergy operations team.
This statement has been approved by Dr Ian Duncan of Desire Petroleum plc, who is a Fellow of the Geological Society, Chartered Geologist, and a member of the American Association of Petroleum Geologists with over 35 years experience in petroleum exploration and management.
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no future, decades of stagnation, default ROFL
good job striking it rich with............water......in an ocean, lol
Dawn
Down
2)No oil at Malvinas
blogs.telegraph.co.uk/finance/rowenamason/100009134/another-day-another-falklands-oil-duster/
3)No fishes
4)Just 2500 soldiers defending the penguins from nothimg... spending US 1000 dollars per year.
The benefits to England:
Eternal hate from LatinAmerica , meaning “NO Business”, loosing real big money.
money.
no future, decades of stagnation, default ROFL
good job striking it rich with............water......in an ocean, lol
en.mercopress.com/2009/04/25/uruguayan-farmers-estimate-drought-losses-in-868-million-usd-and-12.800-job
Going to beat last years record master bait?
Water water everywhere but not a drop to drink LOL
Look what this Capitalist,... Telegraphist,...,.. Argie-loving…. Rowena Mason lass is saying about Malvinas “Noil”:
”Desire raised hopes of a discovery, before dashing these expectations with the admission that the “Oil” was only water.”
“It only goes to underline the irrational faith that some investors have been putting into this company and the Falkland Islands in general.”
”The company has been searching for oil in the Falklands Islands for 12 years now – and so far come up with nothing.”
”Rockhopper…………….. Technical experts have already downgraded its reserve estimates by a third and delayed publication of its independent report on the prospect “until more data has been gathered”.
”Anyone tempted by the dream of new finds in the virgin basin needs to take a cold, hard look at the odds and realize that the chances of making cash from the Falklands may be as bleak as the islands look.”
blogs.telegraph.co.uk/finance/rowenamason/100009134/another-day-another-falklands-oil-duster/
btw, last year was awesome for Uruguay, sold record amount of hydroelectric energy to Argentina
thanks for showin your ignorance AGAIN :D
at London closed price of Desire Pet is to -42.5 pence-,slumped 72%
since October 2010 .......no hope !
www.cronista.com/notas/258053-techint-descubrio-yacimiento-petroleo-y-gas-neuquen
Thankfully DES is the smaller member of my FI exposure and I have been able to de-risk my initial outlay by 95% Whig was not hard considering DES is the most volatile share of 2010.
What is interesting is that the market has now separated DES & RKH as evidenced by the slight uplift in RKH today. Some dilution on the cards for DES in 2011 I predict.
A very busy 2011 ahead for the drilling! Another roller coaster!
keep away from Malvinas around ..there is no oil but has wet gas !
i recommend for you Petroleo Brasiliero...a little Verizon stocks !
I would recommend MATD, Mongolia oil explorer. Very strong performance on no new news and rig in hibernation until winter is over. Also LIM in Canada or AYM (own 40% of LIM). Iron ore plant going into production in early 2011! ANGM currently started production of gold bearing rock with first sales due in Q1 into Q2.
Falkland Islands is still game on for 2011 but it remains to be seen if DES survive beyond next year (although I think they will but with more dilution than initially planned)!
Manas Petroleum is more eccentric than MATD ! isn't it ?
Iron market prices are manipulated by monopol purchaser China !
SPDR Gold Trust would be lucrative !
in person ,I'm more interested in complicated Bond Markets than Stocks .
The reason I like MATD is the energy hungry neighbour ready to buy and the lower risk with on-shore development. Iron ore to China is giving investors in such miners (small to mid cap) great growth. Made 190% on Ferrexpo (over a 6/12) a couple of years back. Demand also strong from India and China. Energy producers in India (e.g. OPG) give lower risk access to multiple baggers over a linger term than boom or bust oil expo (and you can be ha
Failing that, we can always bottle the air and sell it to Buenos Aires, loudest most poluted city in south america apparently...breath in that oil free air...snifffff
www.bbc.co.uk/news/world-latin-america-12087598
Roughly one-third of Argentina's 40 million inhabitants live in or near the city, which is a lot of people in a relatively small space. They live largely in high-rise blocks of flats on long, straight streets which channel the sound
It's all relative, BA's certainly not as polluted as Santiago, nor as loud as Lima/Callao/San Isidro/Mira Flores.
I'd certainly take BA weather over London weather, as I'm sure 99 percent of the world would, except those in patriotic denial delusions (UK).
BUENOS AIRES (Dow Jones)--With a heat wave sweeping across Argentina's capital of Buenos Aires, the electrical grid is buckling under record use of power that has triggered sporadic outages and protests from perspiring residents.
“All the food I bought for New Year is spoiled...who's going to replace it?” said one resident of the Villa Lugano neighborhood who joined a group of angry protesters blocking a highway in front of their apartment building.
Power to the area has been cut for over 24 hours, with some residents having to trudge up 10 flights of stairs in the blistering heat and water starting to run out due to idled pumps, the protesters told local TV station C5N.
Argentina's power grid frequently comes under stress during extreme weather as residents fire up heaters in the cold winter months and crank up their air conditioners during the hottest weeks of summer.
With temperatures peaking at close to 100 degrees in recent days, it's simply just too much for the system to handle.
Critics lay the blame squarely on government policies that have deterred investment in the capital-intensive energy sector. Successive governments have kept natural gas prices and utility rates frozen since Argentina's economic crisis in 2002, making them among the lowest in the world.
Those price controls have given oil and gas companies little incentive to spend on exploration and production, forcing the government to divert limited natural-gas supplies to residential users in the winter at the expense of industry.
Good article #9 Think.
but UK? LOL!
They could give some to the sweaty argies
www.presstv.ir/detail/157707.html
This, coupled with power outages and a fuel shortage, has forced Argentina's National Meteorological Service to issue a high alert for Buenos Aires and its surrounding areas.
argentina sure butthurt you good, great no life you have there, lol, staring at your computer screen, with white knuckles cause you so angry
GOOD JOB ARGENTINA! you trolled that loser stick HARD, he devoted his life to screen staring madly about you
mad mohammed, failure nation, decades
screen stare 4 life
edition.cnn.com/2011/WORLD/europe/01/01/england.prison.rampage/index.html?hpt=T2
edition.cnn.com/2010/WORLD/europe/12/31/northern.ireland.water/index.html?hpt=T2
ROFL @ mad mohammed......DECADES!
Power was never off here, ignorant tard.
But apparently part of UK's water is off ROFL!
DECADES
lol @ mad mohammed
lol @ mad mohammed
vimeo.com/11307549
“Desire Petroleum, which recently made the embarrassing admission that it had found water not oil in the Falklands, suffered a further setback. After drilling 1,313m, it found no hydrocarbons in its well on the Dawn/Jacinta prospect in the Falklands. The news sent the oil and gas explorer's shares tumbling by 17.75p to 42.5p.”
www.guardian.co.uk/business/marketforceslive/2010/dec/29/footsie-ends-day-in-red?INTCMP=SRCH
The Argies would be wise to invest in water
perations at Argentina's Bahía Blanca petrochemicals complex, in Buenos Aires province, are at risk due to a shortage of water in the Paso de las Piedras dam which supplies the cities of Bahía Blanca, Punta Alta and industrial users at the complex, according to a report by US-based Polyolefins Consulting.
The complex uses 20% of the water from the dam, which is an artificial lake spanning 4,000ha.
Current available volume will allow for supply to the area until April 2010, until there is substantial rainfall, according to the report.
Investments to secure water supply had been promised by Buenos Aires province but have yet to materialize.
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