DES.L Share News (DES)

Falkland Oil & Gas Gets Government Approval For Desire Petroleum Joint Venture

Falkland Island Holdings Profit Rises As UK Sales Offset Island Operations

UK WINNERS & LOSERS: Phorm Jumps; Supermarkets Rebound

STOCKS NEWS EUROPE-UK small caps rise ahead of flat AIM shares

UK small caps rise 0.1 percent, ahead of junior-listed AIM shares and the mid caps, which are flat, but behind a 0.2 percent rise for the blue chips. Falkland Oil & Gas falls 5.2 percent and Desire Petroleum surges over 30 percent after the two companies agree to a tie-up, creating a comp

Falkland Oil Buys Desire Petroleum, Signs Farm-Outs With Rockhopper, Premier Oil

FOGL buys Desire to tap into north Falklands oil

LONDON, Oct 3 (Reuters) - Falkland Oil & Gas is to buy a smaller Falklands-based firm to create a company with licences to hunt for oil both to the north and south of the remote British territory in the South Atlantic. FOGL said on Thursday it had agreed to buy Desire Petroleum , offering 0

Falkland O&G to merge with Desire Petroleum

Shares in AIM-listed oil and gas firm Desire Petroleum soared on Thursday morning after the announcement that it would be merging with larger peer Falkland Oil & Gas (FOGL) in an effort to diversify the activities of the two companies. The news comes on the same day the companies signed an agreeme

Desire Petroleum Hit By FX Loss, North Falkland Basin Exploration Expected Q4 2014

Friday broker round-up

Afren: Jefferies cuts target price from 155p to 140p and downgrades from buy to hold. Alpha Real Trust: Panmure Gordon shifts target price from 76p to 79p and retains a buy recommendation. Betfair Group: JP Morgan moves target price from 850p to 825p keeping a neutral rating. Borders & Southern P

London open: Markets bounce off five-month lows

Markets opened in positive territory on Friday as the FTSE 100 attempted to rebound after a dramatic three per cent cent drop the day before following the Federal Reserve's announcement to scale back stimulus later this year. London's benchmark index tumbled an eye-watering 189 points on Thursday,

Desire Petroleum narrows annual losses

Desire Petroleum narrowed its losses in 2012 as the oil and gas company slashed costs of production. The North Falkland focused company saw the loss for the year decreased from $42.5m to $3.8m, mainly due to a drop in exploration and evaluation expenses from $41.7m to $1.8m. During the period, the

UPDATE 1-Argentina vows to prosecute Falklands oil firms

LONDON, Feb 6 (Reuters) - Argentina will continue legal action against energy firms working off the disputed, British-controlled Falkland Islands, Argentine Foreign Minister Hector Timerman said on Wednesday. "We will continue to seek legal action against (these) hydrocarbon companies ... t

Argentina: we will prosecute Falkland energy firms

LONDON, Feb 6 (Reuters) - Argentina will continue legal action against energy firms working on the disputed, British-controlled Falkland Islands, Argentine Foreign Minister Hector Timerman said on Wednesday. "We will continue to seek legal action against (these) hydrocarbon companies ... th

Rockhopper's licences extended

The Falkland Islands government has granted a one year extension of production licences PL023 and PL024, in which oil explorer Rockhopper has a two-fifths interest. The licences have been extended until November 18th, with no requirement for the operator to perform further work on the licences in t

Desire's losses reduce sharply

North Falkland Basin exploration company Desire Petroleum has seen interim losses reduce sharply following the completion of drilling and seismic activities. The group, which has an estimated 4% share of Rockhopper Exploration's Sea Lion discovery - the only worthwhile project in the Falklands area