1 Feb 2011 07:00
For immediate release 1 February 2011
Analyst Presentation
Desire Petroleum plc (AIM:DES) the company wholly focused on the North Falkland Basin, wishes to announce that it will later today post on its website, www.desireplc.co.uk, a presentation it will shortly be giving to analysts.
The presentation covers an update on the drilling results, the prospectivity of the licences, future drilling plans, the status of the 3D seismic acquisition programme and the current funding position.
The next well to be drilled by Desire is now likely to be on the Ninky prospect, subject to all regulatory approvals, when the rig returns to Desire in March/April.
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 Communications | 020 7466 5000 |
Ben Romney Tim Thompson Chris McMahon |