Falkland Islands Desire Petroleum announced Tuesday it has sufficient funds to complete the programmed round of six well drillings, additional 3D seismic surveying and demobilization costs at the end of the campaign.
In a report under the heading of Desire, North Falkland Basin, February 2011 Presentation, the company outlines an update on drilling results, the prospectivity of the licences, future drilling plans, the status of the 3D seismic acquisition program and the current funding position.
The company’s current cash position is equivalent to 53 million GBP.
Desire also reveals that the next well to be drilled is on the Ninky prospect, subject to all regulatory approvals, when the “Ocean Guardian” rig returns to Desire in March/April.
Follows the full report: North Falkland Basin - Presentation February 2011