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Falklands: Desire Petroleum plc - Operation Update

Wednesday, December 29th 2010 - 07:48 UTC
Full article 38 comments

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.

Financial Tags: DES.

Top Comments

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  • Beef

    The sooner RKH get the rig back the better. DES may learn a thing or two from the masters!

    Dec 29th, 2010 - 08:51 am 0
  • Redhoyt

    Well, it was a long shot ........ some you win and some you lose, but they keep on trying.

    Dec 29th, 2010 - 11:21 am 0

    Comment removed by the editor.

    Dec 29th, 2010 - 12:55 pm 0
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