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Operations Update

Date : 02/21/2012 @ 2:00AM
Source : UK Regulatory (RNS & others)
Stock : Desire Petroleum (DES)
Quote : 16.375  0.0 (0.00%) @ 12:00AM
Desire Petroleum share price Chart

Operations Update

TIDMDES

RNS Number : 5042X

Desire Petroleum PLC

21 February 2012

For immediate release 21 February 2012

Desire Petroleum plc

(the "Company")

Operations Update

Desire Petroleum Plc (AIM:DES), the exploration company wholly focussed on the North Falkland Basin, is pleased to announce that it will be presenting at the North American Prospect Expo (NAPE) in Houston from the 21st to 24th February 2012. The Nape presentation and exhibition material have been posted on the Desire website: www.desireplc.co.uk.

The final processed 3D seismic volume covering licences PL003, PL004 and the majority of PL005 has now been received. These data will be used for a re-assessment of the prospect inventory and the results of this work are expected later in the year.

Desire is also updating the Competent Persons Report that was prepared in October 2011, incorporating the 14/15-4a well results. The results from this re-evaluation of the discovery area will be published in the near future.

For further information please contact:

 
Desire Petroleum plc                         020 7436 0423 
Stephen Phipps, Chairman 
Dr Ian Duncan, Chief Executive Officer 
 
Seymour Pierce Limited                       020 7107 8000 
Jonathan Wright/Stewart Dickson, Corporate 
 Finance 
 Richard Redmayne / Paul Jewell, Corporate 
 Broking 
 
Buchanan                                     020 7466 5000 
Ben Romney 
 Tim Thompson 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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