MercoPress. South Atlantic News Agency
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. Read full article
Comments
Disclaimer & comment rulesThe sooner RKH get the rig back the better. DES may learn a thing or two from the masters!
Dec 29th, 2010 - 08:51 am - Link - Report abuse 0Well, it was a long shot ........ some you win and some you lose, but they keep on trying.
Dec 29th, 2010 - 11:21 am - Link - Report abuse 0Comment removed by the editor.
Dec 29th, 2010 - 12:55 pm - Link - Report abuse 0LOL! @ UK
Dec 29th, 2010 - 01:40 pm - Link - Report abuse 0no future, decades of stagnation, default ROFL
good job striking it rich with............water......in an ocean, lol
Dawn
Dec 29th, 2010 - 01:40 pm - Link - Report abuse 0Dawn
Down
1)No carrier
Dec 29th, 2010 - 03:34 pm - Link - Report abuse 02)No oil at Malvinas
http://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.
LOL! @ UK
Dec 29th, 2010 - 04:11 pm - Link - Report abuse 0no future, decades of stagnation, default ROFL
good job striking it rich with............water......in an ocean, lol
http://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
Someome remember Goldman Sachs´s words about Desire? Manipulated...who??
Dec 29th, 2010 - 04:13 pm - Link - Report abuse 0TWIMC
Dec 29th, 2010 - 04:23 pm - Link - Report abuse 0Look 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.”
http://blogs.telegraph.co.uk/finance/rowenamason/100009134/another-day-another-falklands-oil-duster/
lol @ mad mohammed and his sinking nation
Dec 29th, 2010 - 06:09 pm - Link - Report abuse 0btw, last year was awesome for Uruguay, sold record amount of hydroelectric energy to Argentina
thanks for showin your ignorance AGAIN :D
hurray!!! argentina exploration
Dec 29th, 2010 - 06:50 pm - Link - Report abuse 0http://www.cronista.com/notas/258053-techint-descubrio-yacimiento-petroleo-y-gas-neuquen
GDR - Where did you get your 72% from? DES were down 29.46% on AIM today. This was a bit if a wildcat drill and I wasn't very hopeful on this one. Still they have got to drill Dawn and then have one more drill after RKH have had 2 more drills.
Dec 29th, 2010 - 08:04 pm - Link - Report abuse 0Thankfully 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!
Misread your post (since Oct) apologies. There is oil in the Falklands and we will see what the RKH appraisal delivers in terms of upside.
Dec 29th, 2010 - 09:11 pm - Link - Report abuse 0I 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)!
I prefer equity and go for direct AIM or other small caps with more invested in Capital Unit Trusts and Emerging Markets Unit Trusts. Have a Global Small cap OEIC for my little boy which has given him about 15% pa over the last 3 years.
Dec 29th, 2010 - 10:28 pm - Link - Report abuse 0The 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
I love Juanos comments about how hopeless our Falklands are...if thats the case why dont the RG's just shut he hell up about it and move on...on no they wont, cos of the extension of the continental shelf and the potential plundering thereof.
Dec 29th, 2010 - 11:57 pm - Link - Report abuse 0Failing 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
All that land they have in Argentina,and they all huddle up together,living in their own s**t
Dec 30th, 2010 - 12:35 am - Link - Report abuse 0http://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
Hence the recent land grabs in and around Buenos Aires, people are desperate to leave the slums, just to create another on someone elses doorstep. Kirchners open door policy to immigration has led to hundred of thousands of people without jobs moving into the Buenos Aires area, where there is basically no room. This should be Kirchners efforts, not silly politcical sabre rattling over islands which will make no difference to the quality of lives to these poor sods in the slums.
Dec 30th, 2010 - 12:51 am - Link - Report abuse 0Haha, these mad mohammeds.
Dec 30th, 2010 - 02:41 pm - Link - Report abuse 0It'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).
Heat going to your thick head Master bait?
Dec 30th, 2010 - 05:07 pm - Link - Report abuse 0BUENOS 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.
“Another day, another Falklands oil duster ”
Dec 30th, 2010 - 05:58 pm - Link - Report abuse 0Good article #9 Think.
Another day, another Argentine free Falklands
Dec 30th, 2010 - 06:49 pm - Link - Report abuse 0lol, seems Brazil's finding so much oil, it doesn't even know what to do with it all.
Dec 31st, 2010 - 05:20 am - Link - Report abuse 0but UK? LOL!
lol, seems Brazil's finding so much oil, it doesn't even know what to do with it all.
Dec 31st, 2010 - 09:36 am - Link - Report abuse 0They could give some to the sweaty argies
http://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.
lol, you f*ckin loser stick, i see you're still screen staring for life
Dec 31st, 2010 - 12:03 pm - Link - Report abuse 0argentina 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
Heat getting to you I see Master bait :-)
Dec 31st, 2010 - 02:56 pm - Link - Report abuse 0lol @ loser stick
Dec 31st, 2010 - 08:34 pm - Link - Report abuse 0mad mohammed, failure nation, decades
screen stare 4 life
Master bait if you got power,dont waste it on insulting me,get your fix of gay porn, before you get a power cut mid strop
Jan 01st, 2011 - 01:50 am - Link - Report abuse 0“This kind of deficit is far greater than...when Britain went cap in hand to the IMF in 1976.”
Jan 01st, 2011 - 02:48 pm - Link - Report abuse 0http://edition.cnn.com/2011/WORLD/europe/01/01/england.prison.rampage/index.html?hpt=T2
http://edition.cnn.com/2011/WORLD/europe/01/01/england.prison.rampage/index.html?hpt=T2
ROFL @ mad mohammed......DECADES!
Power back on master bait? dont get cut off mid strop
Jan 01st, 2011 - 03:17 pm - Link - Report abuse 0“This kind of deficit is far greater than...when Britain went cap in hand to the IMF in 1976.”
Jan 01st, 2011 - 03:48 pm - Link - Report abuse 0Power was never off here, ignorant tard.
But apparently part of UK's water is off ROFL!
DECADES
Thats it master bait get it out your system carry on stroping LOL
Jan 01st, 2011 - 07:20 pm - Link - Report abuse 0“This kind of deficit is far greater than...when Britain went cap in hand to the IMF in 1976.” DECADES
Jan 01st, 2011 - 08:33 pm - Link - Report abuse 0lol @ mad mohammed
Master bait, hand to gland expert lol
Jan 01st, 2011 - 09:03 pm - Link - Report abuse 0“This kind of deficit is far greater than...when Britain went cap in hand to the IMF in 1976.” DECADES
Jan 01st, 2011 - 10:37 pm - Link - Report abuse 0lol @ mad mohammed
Real Fanatical Desire Petroleum Private Investor…..
Jan 02nd, 2011 - 10:25 pm - Link - Report abuse 0http://vimeo.com/11307549
How's the water business doing?
Jan 04th, 2011 - 02:36 am - Link - Report abuse 0“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.”
http://www.guardian.co.uk/business/marketforceslive/2010/dec/29/footsie-ends-day-in-red?INTCMP=SRCH
How's the water business doing?
Jan 04th, 2011 - 04:50 pm - Link - Report abuse 0The 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.
http://img8.imageshack.us/img8/7551/kurfaggot.jpg heres the big man himself , he pisses in a bottle because tents dont have toilets
Jan 05th, 2011 - 03:25 am - Link - Report abuse 0Commenting for this story is now closed.
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