17 Oct 2011 07:51
For Immediate Release | 17 October 2011 |
Desire Petroleum plc
("Desire" or the "Company")
Additional Drilling Slot
Desire Petroleum Plc (AIM:DES) the exploration company wholly focused on the North Falkland basin, notes the announcement made today by Rockhopper Exploration Plc (Rockhopper) that it has entered into a further assignment to secure an additional well slot using the Ocean Guardian Drilling rig.
Rockhopper intend to utilise the additional slot to drill a well on the north western acreage of license PL004, which Rockhopper believes contains the extension to the Sea Lion Field. Rockhopper has farmed in with operatorship subject to all regulatory consents, to earn an aggregate 60% interest. Desire retains a 40% interest. The well will be located in Area 1 of the proposed farm-in area, which will become known as license PL004b once all regulatory consents are obtained.
For further information please contact:
Desire Petroleum plc | 020 7436 0423 |
Stephen Phipps, Chairman | |
Dr Ian Duncan, Chief Executive Officer | |
Seymour Pierce Limited | 020 7107 8000 |
Jonathan Wright/Stewart Dickson, Corporate Finance Richard Redmayne / Paul Jewell, Corporate Broking | |
Buchanan | 020 7466 5000 |
Ben Romney Tim Thompson
|