Exercise of Options

31 Oct 2005 16:40

Desire Petroleum PLC31 October 2005 Desire Petroleum plc ("Company") Exercise of Options Under the terms of the 1998 Desire Gaelic Option Scheme, 2,887,288 options havebeen exercised resulting in a payment of £ 616,788 to the Company. Application has been made for 2,887,288 new ordinary shares in the Company to beadmitted to trading on AIM and admission is expected to occur on 4 November2005. This information is provided by RNS The company news service from the London Stock Exchange