Desire

[AtW]

Desire Petroleum says no Falklands oil discovery

Shares in the Aim-listed oil explorer plunged 45pc after the company said in a statement on Monday that additional analysis of data from Rachel North well did not support initial indications of oil being found in significant quantities.

Last Thursday, Desire said: "Preliminary data collected indicate that this well is an oil discovery."

Today Stephen Phipps, the chairman, said: "It is extremely disappointing that the subsequent wireline logs and fluids sampling have dashed all the earlier promise of this being Desire's first oil discovery in the North Falkland Basin."

More from source: Desire Petroleum says no Falklands oil discovery - Telegraph

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Nice - first saying oil was found (shares go up?) and then few days later saying the opposite... perfect volatility for dirty spekulants!

 

[TimberWolf]

The good news is that they discovered water though.

 

[d000hg]

Phew. I was nervous opening a thread by AtW entitled "desire". I was expecting something like this:

 

[Moscow Mule]

Shame, but has depressed the price enough for me to want to get back in again...

 

[Jog On]

That's quit a gap - I can see why it got rejected at the 60.00 area though.

Not much to see here

 

[Zippy]

Phew. I was nervous opening a thread by AtW entitled "desire". I was expecting something like this:

I was expecting a thread about DFS springs not being 'fit for purpose'. And then his electricity went off.

 

[AtW]

And then his electricity went off.

<Wilmslow>

I had a day off today to get god damn BT line in order to get ADSL at home - woke up when it was too cold, turned out my PAYG electric meter run out

Fookers - put £100 on it today, they had to do two transactions £50 each ffs!

</Wilmslow>