27 Sep 2010 16:32
| For immediate release | 27 September 2010 |
Desire Petroleum plc
("Desire" or "the Company")
Rachel 14/15-1 Exploration Well Spud
Desire Petroleum plc (AIM:DES), the oil and gas exploration company wholly focused on the North Falkland Basin, is pleased to announce that the Rachel 14/15-1 exploration well was spudded at 15:45 (BST) on 27 September 2010.
The Rachel prospect is located in Tranche D and has an estimated target depth of 2,850 metres. Drilling operations are expected to take approximately 35 days and a further announcement will be made once drilling is completed.
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 |
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| Buchanan Communications | 020 7466 5000 |
| Ben Romney Tim Thompson |
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DES.L (DES)