George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Desire Petroleum plc (AIM:DES), the exploration company focusing on the North Falkland Basin, today announces its interim results for the six months ended 30 June 2013. Highlights: Data room opened in February 2013 Farm-out process on-going with number of companies still engaged in the process Subject to rig availability, new exploration programme could start as early as Q4 2014 Premier Oil and Rockhopper Exploration expect one exploration well to be drilled on licence PL004b (Desire: 40%) Unitisation of Sea Lion Oil Field not expected in Phase 1 development Loss for the period of $1.6 million (2012 H1: $1.9 million) Cash of $9.1 million at 30 June 2013 Stephen Phipps, Chairman of Desire Petroleum, commented: "We are now entering an exciting period in the North Falkland Basin (NFB). The Board is pleased to note the statements from both Premier and Rockhopper that a new exploration programme for the NFB could, subject to rig availability, start as early as the final quarter of 2014. Our current focus has been to attract investment into our NFB licences by conducting a farmout process. A data room was opened in February of this year and a number of companies have analysed the information with a smaller number still engaged in this process. The possible recommencement of drilling activity will hopefully enable us to participate in a drilling campaign that should unlock more of the potential of our exciting prospect inventory."
From looking at the presentation although it doesn't specify why they are on the map on page 7 but are the red triangles the 3 planned drill locations ? so that would mean Zebedee, George and Chatham/S2 are the 3 planned drills ? Also as its been pointed out Des have a 40% share in the PL04b license area so what will it mean for them ? I also see that Jason goes into Des License areas too so does anyone have any information in that ?
what has happened with desires share of sealion, or am I wrong, locked in but got to be hopeful, good luck all we deserve it
been a week havnt commented on here, i still think this share can rack 25p I would be soo chuffed to settle on the 25p average than float on 13p..its a real positive to see this pick up from 12p to now 13p...
gees fella,you are taking quite a hit,you need either a miracle or maybe you can cover youre losses elseware.i dont think this is going to start moving until the middle of next year at the earliest,i certainly hope im wrong.
Hi guys i have every sympathy for anybody locked into this share, unfortuantly i myself am locked in @100.000 @ £1.04 ouch,dont hold much hope anymore but i live in hope. GLA
hello m8,i only have a grand in here,but im stuck in here,i just want something to happen then i can get out,but luckily my profits on findel have more tha covered my losses on here,i could average down to between 20-25p,but oilies are very risky,imho.
Hi mate, I like you am tied in here with 20000 at an average of 34p but I think I may average down to early 20's as we sit on resources and as soon as someone invests or buys us out then we will rise I have no doubt :-) this is a good price to invest IMO
as quoted by the great john mcenroe,you cannot be serious
IN VEST AND HOLD - PUSH THE BOARD FOR IMPROVEMENTS !
Currently i am in favour of the other side of the argument, but when people just become baseless to statements like hit water then thats just being un realistic.. the realisation of this share in particular is it's approach to running oil campaigns and the solidarity behind it. Clearly looking for a partner in the game, it's production being held until 2014 this is a lack of investment on my part as a shareholder, it's what holds any individual back.
I still believe this is the best share out there to hold on and hope for a return, i have a portfolio and from observing the market the markets really dry not many big risers and well worth investments, unless its the Russian gas line, this is the best share i think. it needs to attract the right attention but can only be done if DES get serious about its drilling campaigns and put some effort, i think they are not putting enough effort, especially when trying to look for a partner that to me is the biggest offput, if you believe in your future you should be able to take it on , on your own two feet and prove you are a company worth investment, surely thats why your on the stock exchange.. this is what really annoys alot of stock players in the game and it's one thing i agree with and support..
hope u mke what i lost atb
now you are being optimistic,certainly hope youre right fella.
16 September 2013 Desire Petroleum plc ("Desire" or "the Company") Interim Results Desire Petroleum plc (AIM:DES), the exploration company focusing on the North Falkland Basin, today announces its interim results for the six months ended 30 June 2013. Highlights: Data room opened in February 2013 Farm-out process on-going with number of companies still engaged in the process Subject to rig availability, new exploration programme could start as early as Q4 2014 Premier Oil and Rockhopper Exploration expect one exploration well to be drilled on licence PL004b (Desire: 40%) Unitisation of Sea Lion Oil Field not expected in Phase 1 development Loss for the period of $1.6 million (2012 H1: $1.9 million) Cash of $9.1 million at 30 June 2013 Stephen Phipps, Chairman of Desire Petroleum, commented: "We are now entering an exciting period in the North Falkland Basin (NFB). The Board is pleased to note the statements from both Premier and Rockhopper that a new exploration programme for the NFB could, subject to rig availability, start as early as the final quarter of 2014. Our current focus has been to attract investment into our NFB licences by conducting a farmout process. A data room was opened in February of this year and a number of companies have analysed the information with a smaller number still engaged in this process. The possible recommencement of drilling activity will hopefully enable us to participate in a drilling campaign that should unlock more of the potential of our exciting prospect inventory."
I have the desire for this share to do well , i am always confident and positive individual, with the belief as well as many others to hold, not panic and believe this share will pick up. This is the most cheapest and strongest potential for a huge return if this share does well in the Falklands, lets be totally honest, if this share has some serious shareholder investment, with a push on the board to provide updates and move ahead, this share before 2014 will be in a comfortable position. That's my personal belief I don't think this share is too far off from getting in the 20p again.. if ABG can do it this share can certainly pros-pure.
I am in this share at 28p. I have been off this forum for 1 year and in that time this share has fallen to where it is at now. Any views on chances and potential timing around a recovery of the 28p mark?
beckons??? got to be a takeover target for RKH/PMO at these levels for their share of Sealion?
http://www.bnamericas.com/news/oilandgas/desire-expects-falklands-exploration-next-year GLA
but same old story with des,investors dont have any confidence in them.
.............a new exploration programme for the NFB could, subject to rig availability, start as early as the final quarter of 2014. http://www.investegate.co.uk/desire-petroleum-plc--des-/rns/interim-results/201309160700100196O/
youre telling me,ive only 85p to go,then i will get my money back,ha ha,luckily ive got lucky elseware and these are freebies to me,gl
Hey thanks , but some of the drivle on here would drive you to drink hey ho on we go ticketyboo wispa