Friday, November 23rd 2012 - 20:06 UTC

CPR confirms potential of Desire Petroleum discoveries in the Falklands

Falklands’ oil explorer Desire Petroleum announced on Friday that the findings of a Competent Person’s Report, CPR, have confirmed the potential of its discoveries offshore the Islands in the North Falkland Basin.

Chairman Phipps: the priority is to attract further investment in Desire’s licences

The CPR, by energy consultant Senergy from Britain is a complete prospect inventory of all assets and is based on the final interpretation of the 2012 merged 3D seismic survey as well as an assessment of the 14/19-1 Liz gas condensate discovery.

The CPR estimated the chance of commercial development at the Sea Lion complex at 80% and 25% for the gas condensate at Liz discovery.

Commenting on the results of CPR, Desire chairman Stephen Phipps said that the immediate priority is promoting the prospects inventory and attract further investment.

“We are delighted that this CPR confirms our view that the Desire licenses have excellent remaining exploration potential. Our immediate priority will be to promote our extensive prospect inventory and to attract further investment into our licenses”, said Mr. Phipps.

Desire said it now had 41 oil prospects and 4 gas prospects, 12 of which had best case prospective resources of over 100 million barrels of stock tank oil.

“Our prospect inventory has been greatly strengthened following the interpretation of the 2012 merged 3D survey and we are now able to promote multiple prospects for drilling with stacked targets”, said Mr Phipps.

He also pointed out that based on the CPR there are several play types to explore but “the stand-out potential is in the East Flank play where there are many prospects analogous to the Sea Lion Complex”.

42 comments Feed

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1 briton (#) Nov 23rd, 2012 - 08:24 pm Report abuse
Wait for it,

Here come the envy and jealousy of the argie bloggers blab la bla .
2 reality check (#) Nov 23rd, 2012 - 08:42 pm Report abuse
Bet my pension that someone is going to give long list of stock prices, followed by the now obligatory, you guessed it,

Hah, the Green eyed goddess, a fickle wench indeed!!!!!!!!!!!!!!!!
3 LightThink (#) Nov 23rd, 2012 - 09:06 pm Report abuse
As a geologist..

I can say easily that Falkland & purlieus has no notably and commercially
potential oil/gas reserves.
but they have sheep/penguin potentials.
4 reality check (#) Nov 23rd, 2012 - 09:17 pm Report abuse
As a Geologist you can say what you like. However I suspect potential investors will be more interested in what the CPR says. Call it an educated guess!
5 LightThink (#) Nov 23rd, 2012 - 09:22 pm Report abuse
just a technical matter. . . . . . .
6 toooldtodieyoung (#) Nov 23rd, 2012 - 09:25 pm Report abuse
4 reality check

I see lightthink is living up to his username again...............
7 briton (#) Nov 23rd, 2012 - 09:26 pm Report abuse
8 LightThink (#) Nov 23rd, 2012 - 09:40 pm Report abuse
Light's meaning is ** illuminati ** not unheavy here.
9 briton (#) Nov 23rd, 2012 - 09:44 pm Report abuse
so it can give you either a Light or Heavy shock then..
10 LightThink (#) Nov 23rd, 2012 - 10:02 pm Report abuse
[ 9

thanks poet .....
11 briton (#) Nov 23rd, 2012 - 10:03 pm Report abuse
12 Lord Ton (#) Nov 23rd, 2012 - 11:53 pm Report abuse
Penguin oil ...... used to be worth a fortune :-)
13 British_Kirchnerist (#) Nov 24th, 2012 - 12:42 am Report abuse
This heist won't stand. Fair minded people, including fair minded Brits like me, won't stand for it
14 CJvR (#) Nov 24th, 2012 - 01:49 am Report abuse
Sounds nice for the Falklanders. It will be nice to see huge fat tankers loaded with wealth sailing past Argentina - all thanks to the stupidity of the KFC regime.
15 Lord Ton (#) Nov 24th, 2012 - 02:03 am Report abuse
#13 - your very name renders you inconsequential.

You'll just stand and watch.
16 Troy Tempest (#) Nov 24th, 2012 - 03:23 am Report abuse

I'll bite: What heist??
17 reality check (#) Nov 24th, 2012 - 06:12 am Report abuse
Oh dear, see Mr Racist is back!
18 Clyde15 (#) Nov 24th, 2012 - 09:47 am Report abuse
Give us a clue - how many “fair minded Brits won't stand for it”
What do you intend to do about it ? Find a quorum of 4 and lobby your local MP .
Who is your local MP ?
19 British_Kirchnerist (#) Nov 24th, 2012 - 09:52 am Report abuse
What, me Mr Racist?! Have you seen my attacks on suzie's screen names?
20 TipsyThink (#) Nov 24th, 2012 - 09:56 am Report abuse
The British oíl firms are stúpid to prefer these côld islands ráther than vást oíl réserves of South America Mesopotamia basín.
21 WestisBest (#) Nov 24th, 2012 - 09:58 am Report abuse

You won't stand for it eh? Sit down then, if it makes you feel better.
22 Think (#) Nov 24th, 2012 - 11:47 am Report abuse


A positive ”Competent Person Report”, given by British independent ”Energy Consultant Senergy” to ”Despire Petroleum” of Britain…..

The same independent ”Senergy Energy Consultant” that ”Despire Petroleum” exploration director, Ken Black, used to be a director of, I gather…….

No wonder that the city has no confidence in this ”Competent Person Report”………;range=1m;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

My recommendation as a ”Competent Person” to all you British Turnips is….:BUY, BUY, BUY…..................................................

Mortgage your homes, sell the car, pimp the missus, kick those parasitic kids out and invest all your monies in Despire Petroleum shares…

I guarantee that, if you do, you will “Think” about me for the rest of your lifes……

Chuckle chuckle©
23 Pete Bog (#) Nov 24th, 2012 - 12:16 pm Report abuse
“The British oíl firms are stúpid to prefer these côld islands ráther than vást oíl réserves of South America Mesopotamia basín.”

If they assist with Argentinian oil they won't get anything except defaulted debts, at least dealing with an honest government like the FIG they won't lose money.
24 surfer (#) Nov 24th, 2012 - 05:00 pm Report abuse
Looking good, need to get an exploration rig back to NFB, the Ocean Guardian should have ended it's days in the proving this up.

No issues regarding political risk anymore.
25 Troy Tempest (#) Nov 24th, 2012 - 06:39 pm Report abuse

Relax BK.
He was referring to a post by Sussie (mr racist) whose post was deleted.

On the other hand,
@18 you were asked,

Give us a clue - how many “fair minded Brits won't stand for it”
What do you intend to do about it ? Find a quorum of 4 and lobby your local MP .
Who is your local MP ?”

Please please tell us an answer. I asked you as we'll, after you made your strongly worded accusation and following statement.

We are waiting for you .
26 reality check (#) Nov 24th, 2012 - 07:54 pm Report abuse
Thirty years ago, we fought a war, not many Brits including me had heard of the Falkland Islands, the UK government were this close, this close, to cutting them loose.

Then the shit hit the fan and what did the news tell us. The Islanders made their living from raising sheep. Needs must and in no way do I seek to casticate them for that.

Well since then thirty years has gone by in a flash! I know it, because I have lived it.

Lets come back in another thirty years time shall we, though I am not sure I want to, be one hell of a wrinkl theny, see how the islanders have done, because if the last thirty have been anything to go by, the next thirty will be spectacular. OIl or no oil!
27 LightThink (#) Nov 24th, 2012 - 08:47 pm Report abuse
but will the International Environment Law be applied in South Atlantic
as in Africa the new environment sentiment emerging there..
28 slattzzz (#) Nov 24th, 2012 - 08:57 pm Report abuse
@27 nice try lightstink but what has your half hearted attempt got to do with the Falkland Islands, it's called international law africa for a reason, ITS TO DO WITH AFRICA.
@26 Well since then thirty years has gone by in a flash! I know it, because I have lived it. Here here matey me too and they wonder why we get anti
29 LightThink (#) Nov 24th, 2012 - 09:06 pm Report abuse
[ 28

International Environmental Law is valid for everywhere in the world.
by the way
plus oil contracts

read Think Africa Press not Mercopress, don't be remain ignorant
30 Troy Tempest (#) Nov 24th, 2012 - 10:06 pm Report abuse
@27,29 dim Light think

Why are you wildly off-topic ??!!

This thread is about FALKLANDS OIL not AFRICA !!

Are you afraid to have GOOD NEWS about Falklands oil encourage the Islanders and INFORM THE WORLD?
31 reality check (#) Nov 24th, 2012 - 10:13 pm Report abuse
Light Think

What is this obsessive connection with Africa. National and Regional needs have National and Regional answers.

Get with the programme FFS! what works for them will not neccessarily work for us, man I hate that word us, by us, I mean you RG's and the FI's.

Of course us, us's is to stop you you's from using force again.
32 slattzzz (#) Nov 24th, 2012 - 10:30 pm Report abuse
@31 ref your other
33 reality check (#) Nov 24th, 2012 - 11:40 pm Report abuse
34 LightThink (#) Nov 25th, 2012 - 02:05 pm Report abuse
I boot you all to the real/global world.........

You insist on to live in south west South Atlantic hencoop...
35 Clyde15 (#) Nov 25th, 2012 - 05:08 pm Report abuse
If you are disparaging enough to think the Falklands are a hen coop, then why are you desperate to gain control over them ?
Avarice ? Is it jealousy because they maybe are making a success of their land in contrast to Argentina, or is it a feeling of national humiliation because you got well and truly put down on your last disastrous adventure ?
36 toooldtodieyoung (#) Nov 25th, 2012 - 09:51 pm Report abuse
13 British_Kirchnerist

“This heist won't stand. Fair minded people, including fair minded Brits like me, won't stand for it”

If you are British, then I am a teapot called Erica...........

As for being “fair minded” ....................LOL
37 Troy Tempest (#) Nov 26th, 2012 - 12:40 am Report abuse
@34 Dim Think

Given Argentina's attitude towards The Falklands, her coveting of Falkland Oil and their attempts to damage the economy, the Falklanders and the Chilean inhabitants, have a close friendship.

Check out the fellow at 1:23 unfurling a Chilean flag.
38 ttt_2000 (#) Nov 26th, 2012 - 02:51 am Report abuse
keep the islands in your arse, Lady Troy Isolde
39 Clyde15 (#) Nov 26th, 2012 - 11:31 am Report abuse
I take it from your cogent remark above that you agree with self determination for the Falklands and no interference from Argentina in their affairs.
40 si, si, si (#) Nov 27th, 2012 - 02:31 am Report abuse
#37,,,,Lady Troy Tempest
nobody cares about your fucking comments
41 lsolde (#) Nov 29th, 2012 - 09:35 am Report abuse
@40, sissy,
Troy makes more sense than you ever will, idiota.
We do care about his comments,
We do not care about yours.
42 Argie (#) Nov 30th, 2012 - 07:11 pm Report abuse
Potential, with regard to oil exploration, is a word that usually means that there is a potential tomb for the money with which you buy oil exploration companies' shares.

Try petrol companies intead. Shares can be dearer but their return is worth the trouble.


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