Desire is a focused, North Falkland Basin exploration play with perhaps multi-billion barrel recoverable potential. Prospects in the area have been de-risked and are ready to drill with licenses currently extending to 2012 and 2013.
The company currently has about £20m in cash with casing and wellheads purchased for 4 wells. Farmouts have been announced. The water is fairly shallow in the region at around 450m and Desire has prospects in Tranches C,D, F, I and L in the region.
With 4 billion barrels recoverable potential, experienced mnagement and 15 locations ready to drill, the newsflow could become extremely encouraging from Desire.
apologies to 7kiwi who runs a forum at advfn.. i have borrowed his valuable link gathering below.
Desire Website: http://www.desireplc.co.uk
Details of farm-in agreement and new acreage:
http://www.desireplc.co.uk/pdfs/DES_farm_out_agreement_and_grant_of_new_acreage.pdf
BGS site with loads of research on Falklands Oil and regional geology: http://www.bgs.ac.uk/falklands-oil/
Geology of the FI's: http://en.wikipedia.org/wiki/Geology_of_the_Falkland_Islands
Oil recovered to surface during 1998 campaign from well 14/10-1: http://www.rockhopperexploration.co.uk/cube.html
Falkland Island News: http://www.falklandnews.com/
Malvern Gazette Interview with Phippsy: http://www.malverngazette.co.uk/search/2012157.Mathon_firm_targets_rich_oil_reserves/
Farm-in Agreement: http://www.desireplc.co.uk/press_releases_view.php?random=5822577&yearstart=2008
Panmure Note on BOR and other FI players: http://www.advfn.com/cmn/fbb/thread.php3?id=9111158&from=394
Edison Research on RKH (Registration may be required):http://www.edisoninvestmentresearch.co.uk/research/category/Rockhopper%20Exploration
http://www.edisoninvestmentresearch.co.uk/?ACT=18&ID=1300
Link to 2008 AGM Report: http://www.advfn.com/cmn/fbb/thread.php3?id=17204976&from=906
Link to cobbled togther graphic of location of Open Door Acreage: http://www.advfn.com/cmn/fbb/thread.php3?id=17204976&from=1256
Interview with Sam Moody (MD of RKH) - courtesy of seanshare: http://www.smallcapnews.co.uk/article/Rock_star_Rockhopper_Exploration_plc/5359.aspx
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