Member Info for icecat

I have been invested for a long time since the rachel north well fiasco , There is only 6 million left but its the assets that are important 4% of sealion, and the unknown value of elaine & isobel which the 3d seismic survey have highlighted a 30% + chance of oil & gas . its to late to sell at this silly sp in my opinion hold tight . GLA .

Desire Petroleum: Funding commitments in PL004b Having farmed out two areas of its PL004 licence to Rockhopper in 2011, Desire has 40% of the Sea Lion extension and the Casper, Casper South and Beverley discoveries that are contained within PL004b. In November 2012, the company released an updated CPR highlighting an increased prospect inventory of 41 oil prospects and four gas prospects. With acreage in the East Flank fairway and to the south of Sea Lion, the portfolio here has been de-risked by drilling success at Sea Lion, which is reflected in almost a quarter of the prospects having a geological CoS of at least 30%. The company has now relinquished its southern licences to concentrate on these de-risked prospects in its northern licences. However, at end-2012, the company held cash of $10.5m and cannot fund any further drilling in the area. It plans to fund future activity through a farm-out and this process has already commenced, with a data room opened in February 2013. Desire will need to fund its share of future partner activity in PL004b, which could include exploration wells at Zebedee and George in late-2014; we estimate this would cost Desire around $36m net. In addition, the company will be liable for its share of the Sea Lion development costs, with the development currently estimated to be $3bn to first oil. Unitisation talks have yet to commence with operator Premier but are likely to take place sometime after mid-2013. However, we highlight that any agreed share will evolve as further data are gathered through appraisal drilling. The company also hopes to drill on its high-graded prospects. The most likely candidates for this are the Jayne well, targeting six separate reservoirs and gross prospective resources of 405MMSTB, and the Isobel well with three separate reservoirs and gross prospective resources of 281MMSTB. However, at present, we expect that any funds raised will have to be prioritised towards the company’s commitments in PL004b.

How are you and the family doing well i hope , Have you had any mail from Houston Texas about the key prospects for cousins Elaine & Isobel ?. GLA

I bought at 16.80 but my purchase is not showing on the trades , Between 14.20 and 1500 the MM removed the 5% spread and all the buy,s mine included i suspect are in that time period very strange what are they up to ?

I was waiting to buy this morning also but the 5% buying spread put me off , bought some at 14.00 under 17p with a 1.45% spread , The market makers are playing a canny old game with DES ?

Crispen Odey wants half of the cash payment from premier oil returning to shareholders It might force RKH into spending it rather than returning it to shreholder,s now what looks cheap at the moment ? http://www.thesundaytimes.co.uk/sto/business/Industry/article1230800.ece

Another good Day on BLVN Guess you were right all Along and I Quote Far better is it to dare mighty things, to win glorious triumphs, even though checkered by Setbacks ... than to rank with those poor spirits who neither enjoy nor suffer much, because they live in a gray twilight that knows not victory nor defeat. Top man catch you later

I Toped up the other week at 19.2 and thought i got in cheap 18.0 p would of course be better but also bought more EMG at 97.0p ahead of results on the 28th one right / one wrong can,t win them all Something certainly building here though rumours and MM manipulation abound all in a Noble cause !

Bought in at 59p dividends renvested hold and wait for the good times ahead / takeover ?

no 120 p ! today

A lot of people will have been rattled by the the 5% drop today ,Well i took it as a positive ie topped up at 19.25 onwards and upwards , Buy low sell high is the Moto . GLA

Year on year Petra Diamonds Ltd had net income fall from a gain of 53.2000m to a loss of 2.4000m despite a 43.65% increase in revenues from 220.6000m to 316.9000m. An increase in the cost of goods sold as a percentage of sales from 77.56% to 84.25% was a component in the falling net income despite rising revenues.

Traders confident on this as an outperform , Me i am not so sure but this share intrigue,s me is it going places or not ? http://markets.ft.com/research/Markets/Tearsheets/Forecasts?s=PDL:LSE

I have just been doing some time traveling back to the 06 /12/ 2010 DES share price 67.25 p - 49.53 % " Desire petroleum has plugged and abandoned the 14 /15-2 Rachel north well " The shares lost over half their value at one stage but broker westhouse sticks with its accumulate recommendation . Myself and i suspect a lot of PI would be happy to accept 0.67p now for the end game to be played GLA

top performing SP in the falklands 2012 goes to A---- ---- ---- --- http://en.mercopress.com/2013/01/09/argos-resources-storms-ahead-of-its-falklands-oil-drilling-ri

10 weeks to go to the referendum , There was a lot of speculation that an offer would arrive from RKH & or PO to take DES over but this was not the route the BOD wanted they stated that a farm in partner was there way forward to drill one more well ? I like a lot of long suffering share holders know we are sitting on prime assets if they can attract the funding to deliver them . I hope this is the year it happens GLA with your investment,s

Excellent find this has been on the cards for while ( bold statement thisthey have made see link ) Desire controls the most prospective acreage in the North Falkland Basin, with hydrocarbon potential demonstrated by the world-class Sea Lion discovery http://www.firstenergy.com/UserFiles/File/Desire_Flyer.pdf

Des has only 6 million left but with no drills planned hardly any staff apart from the directors wages where is it going they have no fancy office,s in canary wharf . But when sea lion go,s on line the money starts coming in from the 4% stake they hold by then how much will fogl have left if they find no gas or oil

I feel that the MM are now playing with the sp for there own gains, i would have thought that by now RKH or PO would have tried to take over the des acerage without any drills next year in the falklands the sp of most will drift would i buy more at this sp ? not at the moment if it takes another 12 months for a takeover or a farm in so be it . gla with your investments FOGL V DES which to buy see below http://www.iii.co.uk/tv/episode/falklands-focus-winners-and-losers

i dont now about final punishment ! but like you have been invested for a long time since the rachel north well fiasco , There is only 6 million left but its the assets that are important 4% of sealion, and the unknown value of elaine & isobel which the 3d seismic survey have highlighted a 30% + chance of oil & gas . its to late to sell at this silly sp in my opinion hold tight . GLA .