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Drilling Update

26 Oct 2010 08:49

RNS Number : 9973U
Desire Petroleum PLC
26 October 2010
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For immediate release

26 October 2010

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Desire Petroleum plc

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("Desire" or "the Company")

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Drilling Update

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Desire Petroleum plc (AIM: DES), the oil and gas company wholly focused on the North Falkland Basin, wishes to give an update on the drilling progress to date on the Rachel 14/15-1Z sidetrack well.

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The well is currently at 3,000 metres progressing towards the expected measured total depth of around 3,418 metres.

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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 Communications

020 7466 5000

Ben Romney

Tim Thompson

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This information is provided by RNS
The company news service from the London Stock Exchange
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