26 Oct 2010 08:49
| For immediate release | 26 October 2010 |
Desire Petroleum plc
("Desire" or "the Company")
Drilling Update
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.
The well is currently at 3,000 metres progressing towards the expected measured total depth of around 3,418 metres.
For further information please contact:
| Desire Petroleum plc | 020 7436 0423 |
| Stephen Phipps, Chairman |
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| Dr Ian Duncan, Chief Executive Officer |
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| Seymour Pierce Limited | 020 7107 8000 |
| Jonathan Wright / Stewart Dickson, Corporate Finance |
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| Richard Redmayne / Paul Jewell, Corporate Broking |
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| Buchanan Communications | 020 7466 5000 |
| Ben Romney Tim Thompson |
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DES.L (DES)