1 Nov 2010 07:13
For immediate release | 1 November 2010 |
Desire Petroleum plc
("Desire" or "the Company")
Drilling Update
Desire Petroleum plc (DES:AIM), the oil and gas company wholly focussed on the North Falkland Basin, wishes to provide an operational update on the 14/15-1Z sidetrack well on the Rachel prospect.
Due to wellbore stability issues through the deviated section of the wellbore (forty degree hole inclination) it was not possible to reach the target depths in the first wireline logging run. The hole is now being cleaned out prior to making a further attempt.
A further update will be provided in due course.
Enquiries:
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 |
DES.L (DES)