DES.L Regulatory News (DES)

20 Nov 2007 11:00

Desire Petroleum PLC20 November 2007 For immediate release 20 November 2007 Desire Petroleum plc ("Desire" or "the Company" Acquisition of Site Survey Data Desire Petroleum plc (AIM:DES) announces that Wavefield InSeis ASA will returnto the North Falkland Basin later this month to complete the site surveyprogramme started earlier this year. In addition to completing the programme in Tranche C it is also intended toacquire site survey data in Tranches I and L over the Dawn and Ruth prospects aswell as over two new prospects recently identified in the area. Following these site surveys Desire will have six prospects ready to drill inTranches C and D and on completion of the environmental impact assessmentcurrently underway on Tranches I and L, four prospects ready to drill in thatarea. Commenting on these developments, Ian Duncan Chief Executive of Desire said: "The Desire team continues to add prospects and reduce drilling risk throughdetailed technical studies over our licenced areas. "We are delighted at the renewed interest in the Falklands shown by new entrantsin to the region and remain confident that commercial hydrocarbon systems arepresent and that active exploration will confirm our technical evaluations." For further information please contact: Desire Petroleum plc 020 7436 0423Colin Phipps, ChairmanDr Ian Duncan, Chief Executive Officer Buchanan Communications 020 7466 5000Ben WilleyBen Romney This information is provided by RNS The company news service from the London Stock Exchange