Member Info for EmeraldCarrots

Hi, My view is that the board should formally put the Company up for sale at this junction. At the moment we have a small share of Sea Lion and the satellite discoveries plus the Elaine & Isobel prospects. We also only have about £6 million in cash. If the board put the Company up for sale they are very likely to get several offers IMHO. These Companies will be of a size that can finance what DES have got. Also no doubt some will offer cash or shares, so no missing out on the Falklands story. Then IMHO we might get 50 to 75p a share which would be very good news for most of the long suffering share holders. This in my opinion is what would be best for the share holders. I just hope the board have come to the same conclusion. All IMHO.

Any potential bidder could play completely safe and wait for proving up Casper, Casper South and Beverley before considering making a bid for DES. But what if another sizeable oil Co gets DES first? On the FOGL RNS it says:- "Noble's total investment over the next 3 years is currently estimated to range between $180 million and $230 million." This is for the Southern Falklands basin and no commercial oil or gas has even been found yet! BOR do have the condensate discovery but that is VERY unlikely to be commercially viable IMHO. The $230 million Noble money is £147,081,320 in todays money. DES shares in existance 342,190,000. £147,081,000 / 342,190,000 = 43p a share. So Noble could IMHO buy DES outright for that sort of money, getting DES part of Sea Lion plus the KNOWN oil at Casper, Casper south and Beverley which ok will need to be appraised via more wells. BUT AT LEAST we know there is oil there! Why have Noble not bid for DES? Maybe they will.......... All IMHO.

in my opinion should it happen. Phipps family control about 10% of the shares. No where near enough to stop a hostile takeover IMHO. The main reasons a takeover is on the cards:- 1. We would struggle to finance our parts of the RKH deal. 2. We would struggle to finance further exploration wells. 3. IMHO it would be more than 18 months before we could even hope the share price topped 45p, even if things go extremely well. What if they don't? What chance the sp is still @ 20p a few years from now? Quite possible. It could even be less don't forget. No two ways about it if you ask me. The board should be sounding out buyers and finding the highest bidder if they really have the shareholders interests at heart. RKH&PMO need a partner with deep pockets and DES simply do not fit the bill. DES would be a hinderance to RKH&PMO's plans IMHO. All IMHO.

to the laughable share prices most of our AIM oil/gas Companies now have. OK they are wary that as soon as they make a move the sp will just rocket up....... but I believe not nearly as much as before the Eurozone crisis. American, Asian etc. oil companioes should be buying out our AIM oil/gas Co's on a daily basis as far as I can see. For example DES, current sp 21p, take out price, say DOUBLE & A BIT MORE - 45p? Then you get a Co. who frankly are more than likely worth much more. As a share holder to be honest I don't care. I'm in it to make a profit and 45p sounds great to me. Another one - RKH. Share price £2.05! INSANE. Take out price? Say double and a bit more? £4.50 a share say. What do you get? You get a company that is clearly worth far more, but IMHO you will get it! So not only are most AIM shares 100% or even more undervalued we have the rest of the World's Oil/Gas companies totally oblivious to it! At least Noble Energy has recognised the potential value of the South Falkland basin. I wonder if it will see how very silly cheap DES & ARG are? Are those other Co's that failed to get the deal with RKH doing their jobs properly? If they are we should be hearing from them in the coming weeks. Frustrating or what! All IMHO.

market is being very wary here. We have the RNS yesterday saying an offer is going to be made for the shares, and the same RNS says one major shareholder has been offered 32p a share if the overall deal goes through. It follows that the offer for the rest of the shares should be 32p each fairly obviously. But it does not actually say that. IMHO if the offer is lower it would reflect extremely badly on the CEO. His reputation would be dirt. Although not 100% certain I believe the offer will be 32p a share and thus the current 26p ask price is a gift for those prepared to wait some months for it to become reality. Maybe the CEO is picking up shares in the open market now @ less than the 32p and the RNS was vague so he could do that............ All IMHO.

It does not seem to say what the offer will be for the outstanding shares. I presume 32p, same as the price paid to Mr. Maimon. If so the ask of 26p seems a bit low! All IMHO.

camperman73:- Seems to me you have no idea of how business works, do you really think they would release a rns after every meeting and phone call? Time will tell with this, within a month I reckon. Charts and aim lol are you one of them??? Jonny everyone knows you are a troll who's opinion means nothing. ---------------------------------------- Hi, Your claim that DES previously received an offer of 50p a share is firstly total rubbish and secondly illegal. At least your valuation of DES shares is on planet Earth rather than cloud cuckoo land I suppose. As I have posted IMHO any offer would be between 45 and 60p in all likelyhood. Talk of over £1.00 is frankly insane. All IMHO.

nuko:- The des share price has been £1.70 without any oil carrot 85mbs of oil equates to a share price in the 70s correct me if im wrong revised cpr coming isobel and elaine identified as prospects on a par or not better than sealion the liz prospect a huge gas find and a share price of £1.40 to take out the company with the largest fi acreage is not dreamland you might hope for a 50p take out maybe you locked in at 40p but that is not going to happen at that price oilies would be beating phipps door down this is aim and 21p today coud easily quadruple on any news so dont give me the old pony about living in fantasy land im looking at true value of company and hard facts ----------------------------------------- Hi, I'm sorry to be the one to point this out but you are not looking at the facts staring you in the face. The current sp is about 21p. The current sp is about 21p. The current sp is about 21p. Now I have told you the reality that the share price is about 21p four times is it going to register? I'm constantly amazed how brainwashed some DES shareholders are! The sales pitch from DES must have been truly World class! Anyone reading this who thinks for one moment that DES share price is going above 75p in the next 18 months should get on their magic carpet and fly off to never never land for a long holiday! It's called being in denial I'm afraid. But hey, you just won't listen to the FACTS will you. Dream on. At least it gives you comfort I suppose. One last thing. If DES shares are worth over £1.00 then why can you only get 20p for them........................................? All IMHO.

nuko:- i have been watching your constant deramping of des on ii 50p a share are you having a laugh 85mb of oil the largest acrerage in the fi 2 massive prospects yet to be drilled liz a huge gas find minimum to sell the oil they have 70p a share buy out at least £1. 40 stop devaluing des ramp it up you numpty !!!! -------------------------------------------- Hi, Another DES share holder in cloud cuckoo land I see. Did it ever occur to you that the market is currently valuing the shares at 21p each. Do you wonder why that is? You say £1.40? Are you serious? I mean do you really think the market is undervaluing DES shares by more than 600% (6 fold). That my friend is frankly daft. The market does undervalue a lot of shares. 30% to 100% possibly. 150% just possible maybe. 600% no way on Earth. Thus the true value of DES IMHO is no more than 150% of 21p, which is 53p. Also the sp has not gone over 40p in about one and a half years. Does that not tell you something? You can live in dream land if you want but I prefer to see things in cold reality. All IMHO.

Camperman73:- 50p already turned down before the farm in deal so they are going to want more than that now the have oil, playing a game of poker at the moment and holding a good hand imo -------------------------------- Hi, Really? And there was me thinking they would do an RNS to say. LOL! What a load of rubbish! The current sp is 21p and if any Co offers more than double that it's bye bye DES I'm afraid. If you look at the chart you will see DES sp has not gone over about 40p for one and a half years! I think you are in dream land as far as DES is concerned. You need to wake up and look at the real situation and especially the current sp of 21p! All IMHO.

Yes. I have one tranche. Should have sold out when Dragon was looking but never mind!

I have put a lot of thought in to what PMO/RKH might offer to take over DES considering how things have panned out over the last few weeks. It seems to me an offer between 45 and 60p per share would secure DES. Even if the board refused to play ball it seems obvious to me that a hostile bid at around those levels would win the day anyway. Anyone else got any views on this? Thanks. All IMHO.

When you click a post to recommend it here where does it show? Nothing seems to happen! Please advise!

DES has 2c oil resources 85 million barrels. See:- http://www.investegate.co.uk/Article.aspx?id=201204200700157197B 85 million x $5 = $425,000,000 $425,000,000 = £272,699,125 342,285,172 shares in issue. £272,699,125 / 342,285,172 = 79p a share. Excluding any gas (2c resources 178 billion cubic feet!!!!!!!) Excluding the value of their huge North Falkland Basin license areas!!!!!!!! So, if the current sp is not crazy I don't know what is! All IMHO.

PMO& RKH just need to buy Desire Petroleum to stitch up the license areas to about 80% of the whole North Falklands basin. If they don't move quickly they risk another Company Buying DES to get the license areas to what is known to be an oil and gas bearing basin. Oil & gas companies risk millions drilling in basins WHERE THEY DON'T EVEN KNOW IF THERE IS ANY GAS AT ALL for crying out loud! True or not?????? Desire petroleum are a sitting duck for a takeover. It is totally obvious! All IMHO.