DES has got going at long last (DES)

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Plus trades: http://www.plusmarketsgroup.com/data.shtml?ISIN=GB0002689494/GBX/PLUS-exn







This is a place where sensible debate about the future of DES and other Falkland Islands players can take place.

These debates and comments ought to be about upssides and downsides, risks and opportunities, but I will draw the line at persistent destructive behaviour and use the moderation facilities.

Here is a schematic of their acreage. Acradia have farmed into the part that covers Ann and South Orca, by agreeing to fund 85% of the costs of one well. RKH has also farmed in to 7.5% of tranches C&D in exchange for 15% of the costs of the first 3 wells.

Arcadia has also farmed into the area of Tranche I that contains Alpha (50%) in exchange for drilling one well on that gas prospect. DES have recently been awarded 20% of the area that contains most of Alpha (80%). DES remains the operator of all of its acreage.





Research Links:

2010 AGM Presentation: http://www.desireplc.co.uk/pdfs/AGM_final_june_2010.pdf

DES Gas Discovery: http://www.desireplc.co.uk/investor_relations_announcements.php?article_id=158

DES CPR: http://www.desireplc.co.uk/pdfs/Desire_CPR_Final_Report.pdf

DES EIS: http://www.desireplc.co.uk/pdfs/eis_full.pdf

DES EIS Addendum: http://www.desireplc.co.uk/pdfs/DesireFalklands_EIS_Adndm.pdf

BGS Falklands Site: http://www.bgs.ac.uk/falklands-oil/Introduction.htm

BGS Falklands License Map: http://www.bgs.ac.uk/falklands-oil/download/A3Map.jpg

RKH CPR: http://www.rockhopperexploration.co.uk/pdf/RPS_Rockhopper_CPR_2009.pdf

RKH Sea Lion Assessment: http://www.rockhopperexploration.co.uk/pdf/Volumetric_Assessment_of_Sea_Lion_2010.pdf

DES Farm-out Agreement with Arcadia: http://www.desireplc.co.uk/images/uploaded/7609558_9937472.pdf

DES website: http://www.desireplc.co.uk
RKH website: http://www.rockhopperexploration.co.uk
FOGL website: http://www.fogl.com
BOR website: http://www.bordersandsouthern.com

Potential Rachel Well Path and Sidetrack: