Desire Petroleum (LSE:DES)
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RNS Number : 5042X
Desire Petroleum PLC
21 February 2012
For immediate release 21 February 2012
Desire Petroleum plc
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
Richard Redmayne / Paul Jewell, Corporate
Buchanan 020 7466 5000
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