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21 Feb 2012 07:00
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For immediate release 21 February 2012
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Desire Petroleum plc
(the "Company")
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Operations Update
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Desire Petroleum Plc (AIM:DES), the exploration company wholly focussed on the North Falkland Basin, is pleased to announce that it will be presenting at the North American Prospect Expo (NAPE) in Houston from the 21st to 24th February 2012. The Nape presentation and exhibition material have been posted on the Desire website: www.desireplc.co.uk.
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The final processed 3D seismic volume covering licences PL003, PL004 and the majority of PL005 has now been received. These data will be used for a re-assessment of the prospect inventory and the results of this work are expected later in the year.
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Desire is also updating the Competent Persons Report that was prepared in October 2011, incorporating the 14/15-4a well results. The results from this re-evaluation of the discovery area will be published in the near future.
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For further information please contact:
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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 Β |
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