Tag: Desire Petroleum
Desire PetroleumFalklands’ Desire Petroleum stake in oil discoveries worth 900 million dollars
The North Falkland basin explorer Desire Petroleum has revealed the findings of an economic assessment of the group’s stake in the Sea Lion oil discovery, based on a high level development concept and economic review by Senergy from the UK.
Falklands’ Desire Petroleum participating at North American Prospect Expo in Houston
Falklands’ oil explorer Desire Petroleum Plc (AIM:DES) will be making presentations this week at the North American Prospect Expo (NAPE) in Houston.
UK analysts says Falklands’ oil industry could be worth 180 billion dollars in royalties and taxes
A leading UK market and investment analyst, Edison Investment Research looks at the prospects of the Falkland Islands oil industry and suggests the industry could be worth 180 billion dollars in royalties and taxes.
Falklands’ oil industry says first round of exploration was “hugely successful”
Falklands’ oil industry sources said the round of oil exploration began in 2010 with the “Ocean Guardian” rig and just concluded, involving Rockhopper Exploration and Desire Petroleum, was “hugely successful” with several major oil and gas discoveries.
Rockhopper shares soar as talks for a partner in Falklands’ oil operation advance
Rockhopper Exploration Plc climbed to an 11-month high in London trading after a report that Cairn Energy Plc is in talks with the only company to have made a potentially commercial oil find near the Falkland Islands.
Oil company ensures funds for a Falkland Islands’ two-well drilling round
UK-based Falkland Oil and Gas (FOGL) announced on Friday it has raised £48.5m (74.3m dollars) through a placing of new ordinary shares to fund drilling of exploration wells in Falkland Islands while it continues active discussions with potential partners for a farm-out.
Rockhopper announces “fantastic result” with third oil discovery in Falklands
Rockhopper Exploration PLC reported a “fantastic result” as its third discovery in the North Falkland basin encountered oil and-or wet gas in four hydrocarbon-bearing target zones, said the company on a Tuesday release in London.
Falklands oil exploration update
Desire Petroleum plc (AIM:DES) the exploration company wholly focused on the North Falkland Basin notes the announcement made today by Rockhopper Exploration plc (“the Operator”) regarding the 14/15-4 well. Desire has a 40% carried interest in this well.
New drilling in Falklands to confirm southern extension of Sea Lion oil find
Rockhopper Exploration announced Monday the spudding of its last well of the current successful drilling round in Falkland Islands waters. The well 15/15-4 in the North Falkland basin is situated on Licence PL004b in which Rockhopper will earn a 60% interest following the drilling, with Desire Petroleum holding a 40% interest.
More oil found in Falklands’ waters: drilling of two additional wells announced
Rockhopper Exploration declared a second oil and gas discovery in Falkland Islands waters and announced the drilling of an additional two wells. The announcement comes exactly two years to the day since the Falklands’ shore based yard began its work in support of oil development in the Islands.
