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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Desire Petroleum | LSE:DES | London | Ordinary Share | GB0002689494 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 16.375 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 16.375 | GBX |
Desire Petroleum (DES) Share Charts1 Year Desire Petroleum Chart |
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1 Month Desire Petroleum Chart |
Intraday Desire Petroleum Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 30/10/2015 | 01:45 | DESIRE petroleum gets going at long last ! | 47,013 |
| 13/5/2015 | 11:57 | DES has got going at long last | 46,195 |
| 07/9/2013 | 20:18 | DESIRE/RKH PARTNERSHIP | 142 |
| 28/8/2013 | 09:07 | Desire Petroleum - The Positive Thread | 5 |
| 22/8/2013 | 07:55 | DES Charts | 124 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 07/12/2013 21:44 by plast right i haven't posted for ages, got feed up up with hangman and numpty Chris oil, anyway to all Des holders, i did phone up about my Des shares, apparentlyif you have desire share cert then they will be posting you the Falkland oil shares in place of the Des shares about 60% of Falkland oil in place of Des hope this is of help, hope Falkland oil does it for us now, good luck with it. this is part of falkland oil announcement, Under the terms of the Combination, Scheme Shareholders are entitled to receive 0.6233 FOGL Consideration Shares for each Desire Share and consequently pursuant to the Scheme, 212,150,020 New FOGL Shares will be issued to Desire Shareholders. Application has therefore been made to the London Stock Exchange for the FOGL Consideration Shares to be admitted to trading on AIM, totalling 213,344,494 new FOGL Shares. It anticipated that the dealings in the FOGL Consideration Shares will commence at 8.00 a.m. on 6 December 2013. CREST member accounts in respect of the FOGL Depositary Interests in uncertificated form will be credited as soon as possible after 8.00 a.m. on 6 December 2013. Share certificates in respect of the FOGL Consideration Shares held in certificated form will be despatched to Desire Shareholders by no later than 19 December 2013. |
Posted at 25/10/2013 15:01 by efagie agna."The single fact that the share price for DES rose and isn't tumbling like RKH did on their deal makes me happy." i think that misses out on that des will be gone and rkh was a farmout. surely expected a fall, (though not as much,) compared to rkh. they had sold off some 200mb of oils, which was part of their valuation. and without much incoming monies. for des not dropping as much as well, its a different ballgame, as the deal is in relation to the share price someone is unlikely to sell them off, say for 10p. when near 18p is forthcoming. a small fall maybe, but not a large one. phipps is to be a fogl non exec, isnt he? financial likely. surely better to drill diomedea first, given them time to reflect on the findings while going north. then after the north drills, maybe utilising the rig for an appraisal or two, should it be a success. and doing as rkh did with sealions assessment between des's drills. |
Posted at 23/10/2013 13:30 by agnabeya Merger to be voted on 15th November.FOGL announces that in connection with the Combination, FOGL Shareholders are today being sent a circular (the "FOGL Circular"). The FOGL Circular sets out, amongst other things, information on the Combination and also explains why the FOGL Directors consider that the Combination is in the best interests of the Company. The FOGL Circular will also be made available on FOGL's website (www.fogl.com). Desire Shareholders will receive, amongst other documents, a scheme document in connection with the Combination, (the "Scheme Document"). FOGL understands that the Scheme Document will be made available on Desire's website (www.desireplc.co.uk Shareholder Meetings As set out in the FOGL Circular, the FOGL EGM will be held at 11.00 a.m. on 15 November 2013 to allow FOGL Shareholders to vote on the proposed resolution to increase FOGL's authorised share capital to enable allotment of the FOGL Consideration Shares to Desire Shareholders required to implement the Combination. In addition, as set out in the Scheme Document, the Desire Court Meeting and Desire General Meeting will be held on 15 November 2013 to allow Desire Shareholders to vote on the resolutions required to approve and implement the Scheme. The expected timetable of principal events is attached as an appendix to this announcement. If this expected timetable changes an announcement will be made via a Regulatory Information Service. Terms and expressions used in this announcement shall, unless the context otherwise requires, have the same meanings as given to them in the FOGL Circular. |
Posted at 03/10/2013 19:20 by agnabeya What does the Falklands rejig mean for your holdings?By Esther Armstrong | Thu, 3rd October 2013 - 16:59 What does the Falklands re-jig mean for your holdings? After what one analyst described as "a long time out of the limelight", gas and oil prospects off the Falkland Islands have been thrust centre stage, with four of the region's main players presenting investors with plans to progress an enhanced drilling campaign in 2014/15. The leader of the pack is Falkland Oil & Gas (FOGL), which has recommended shareholders approve what is essentially a takeover of Desire Petroleum (DES). On the condition the Desire deal goes through, FOGL also has agreements in place to farm-out two licences Desire has until now had majority interests in to Rockhopper Exploration (RKH) and Premier Oil (PMO). Both the licences are in the North Falkland Basin and beside the successful Sea Lion development. The deal would give Desire shareholders nearly two thirds of a FOGL share for each share they currently hold in Desire and, based on Wednesday's close, valued Desire at 17.6p per share - a 45% premium to its previous close. Unsurprisingly, Desire investors were largely on board with the idea, particularly after the share price shot up 30% in response. Over on the Interactive Investor discussion boards, 'marlonmonkey' says: "On the face of it this is a good deal for DES, FOGL and RKH. They all get the thing they didn't have without giving too much away. DES had no cash, lots of exploration upside and poor management. FOGL had lots of cash, significant exploration upside but no safety net. Rockhopper had limited exploration upside and now they have a share." 'Shiftynifty', adds: "I was hoping for a complete buyout, but this is the next best thing. Combining resources to carry on exploring, it could have been worse. I'm not heartbroken the DES board of directors won't have any effective input now [either]." Analysts at Mirabaud were in agreement: "In our view, DES shareholders should be particularly pleased with the terms of the merger which leaves them owning a chunky 40% of the combined entity and, together with the farm-in, represents a neat solution to their lack of drilling funds." For FOGL investors, there was much less immediate excitement and many were questioning the value of Desire's shares. 'Oliwealth' sums up what many FOGL shareholders felt: "DES is much better off on this deal. This deal has saved DES and we should have got it for half the price because DES was desperate. 'Sheffieldsteeler' was in agreement: "On the surface, at least, this is a bad deal for FOGL as DES needs FOGL more than FOGL needs DES. The market is tending to agree, but up until now the FOGL management have performed far better than the management of Rockhopper and DES combined so I am hoping that once the full details come out, it will begin to look a better deal for FOGL than on first perusal." While the price FOGL is willing to pay for Desire has been under much scrutiny, most parties concerned believed the consolidation of efforts in the region was a positive step to finding reserves. Once the merger and farm-out transactions are completed there will be a five-well drilling campaign with two wells in the South Falkland Basin and three in the North Falkland Basin. Analysts at VSA Capital Research said the transactions would remove a huge amount of uncertainty in terms of future drilling. "Instead of having a group of companies seeking their own funding the new combined entity is a much stronger platform to drive exploration in the region going forward," VSA Capital adds. Looking outside the four parties immediately involved, fellow Falklands-focused firm Borders & Southern Petroleum (BOR) was benefiting from the activity in the sector, and was up 4.5% for the day. Malcolm Graham-Wood, oil and gas analyst, says: "People think Border will be next, so it has reignited interest in the area." This is certainly what was on Border shareholder 'Constable B's' mind: "My money is on a Premier Oil farm-in just to add to the Falkland Islands in-breeding programme." Following these most recent developments, the news flow from the Falklands will likely be under far greater scrutiny over the coming weeks and months. If the consolidation is successfully passed, investors will expect a concerted exploration effort next year with a view to seeing some production in the region by 2015. FOGL said the next drilling campaign is expected to be fully funded from existing cash and various farm outs. Interactive Investor user 'Grewber' on the FOGL discussion board praised the firm's savvy: "Again FOGL demonstrate they are the shrewdest deal makers in the Falklands exploration game. One way or another FOGL will now have oil." The truth of this remains to be seen, but by taking action FOGL will hope the odds are stacked in its favour. |
Posted at 17/9/2013 13:16 by efagie agna, they own 60% of the licence, not 60% of rkh. they are unable to say: sack the board, or tell them to move their offices to save money. covertly or otherwise.the des share price is not the issue. IF pmo delay drilling until the contractual licence is passed. pmo would also lose their part to it, and all whats there. as in pl4b for casper south. IF as you suggest their using it as a way to buyout des cheap, for the licence, or for des to lose it. you miss that des are doing a farmout, where they could, with a partner drill there with the noble drill. thereby cutting pmo's quest to damage des, out of that equation. though it would be expensive, des could, for one drill only, drill isobel. meaning pmo would lose any chance of farming into a field thats potentially as big as sealion. OR to save money, drill ann, where denholm have 85% to pay, with pmo/rkh paying 7.5%. even at say $60m to drill, (using the fogl rig.) des costs are some $5m. that stuffs the pmo efforts, and covers the licence obligations. |
Posted at 17/9/2013 12:44 by agnabeya Efagie - as PMO own 60% - I can't see how they couldn't influence what's going on. Even if it's covertly. I think anyone could see that they were going to have their own way once the deal was announced. But that aside - if PMO DID delay drilling until 2016 - what would the DES share price be by then? (that's rhetorical BTW) I honestly don't want to wait another two years. If the share price rose and I could break almost even - I'd be offski. As it is - I'm going to stop watching for now. It's only depressing me ATM. And I'm usually optimistic. I prefer being optimistic. cheers |
Posted at 17/9/2013 11:39 by agnabeya efagie - 45974I think their departure was the plan from the beginning - whether they knew it or not. I remember hearing that PMO meeting recording about keeping the RKH expertise - 'For now' was the answer. I can't believe Sam at least didn't know this might happen. But as I don't hold RKH - my opinions don't really matter on that subject. Seriously. hxxp://en.mercopress It bothers me that PMO may try to take over the whole NFB. They only have to postpone their drilling campaign to watch DES share price sink. Then move for a take over. I'm hoping Phippsy is as sneaky as we think and has some dirty tricks up his sleeve. DES have a 'smaller number' of people interested - and even then 'possible' 2014 drilling campaign is only 'hoped' to act as a catalyst. Hardly the wording to encourage a new investor, I'd have thought. "Chairman Stephen Phipps said: "We are now entering an exciting period in the North Falkland Basin (NFB)." I think by exciting - he means squeaky bottom time. Much in the same way Thermopylae was exciting for the Spartan Greeks. :D |
Posted at 13/9/2013 09:30 by agnabeya Hiya Highlander - yep. Still here and waiting.I only hold DES now. I sold out of RKH on the deal with PMO. I thought I'd done really well to hold all my DES (far too many) at average 20p I thought they couldn't fall back to much worse than 17p at most. Wrong again. :) The data room's been open 6 months now - and still no rumours about a partner. I'm personally still hoping they sell out all together. This from PMO surprised me yesterday - I thought they said they were looking at a tension leg platform instead of an FPSO on cost grounds - but they also mention exploration targets - which includes the RKH share of the DES targets. But there won't be a rig until FI summer 2014 I believe. And to recap on DES territory hxxp://www.desireplc There are some views that DES won't do anything but sit and wait for RKH to finish their exploration and prove the geology, While that degree of inaction wouldn't surprise me from DES - I think they will sell out before then. Either that -or hopefully have a farm in partner who will fund their share of a rig. Whatever happens - I can't see DES and RKH existing in a couple of years. The interims should be sometime next week - I think the word is 16th August - but don't hold your breath or anything - it's DES. I think the SFB will have a rig before the NFB - but I still can't see the NFB rig sharing. Wrong kind of rig and (more importantly) wrong kind of price. DES and ARG just don't have the cash for that - and PMO seems to be a bit skint. At least - I thought that when they talked about a leg platform instead of an FPSO. How are those Kurdies doing for you? I've not been tempted to trade in and out at all this year. Getting lazy -and old :) |
Posted at 29/5/2013 15:03 by efagie from kisuli on iii...As per last year, my notes of the meeting and discussions with Board: ID: Prem/ RKH deal was a good one. This is not the North Sea. However, still expects a premium to RKH barrel price, intimating $6 per barrel? (my take). Would not be drawn on farm-in discussions. Share price is cyclical and likely to rebound upon rig return. FDP can only be delivered with all three parties' agreement. FIG would be reluctant to intervene. They could adjudicate, but this is very unlikely, and almost certainly will not be necessary. KB: RKH appraisal of Sealion satelites will satisfy DES licence extension requirements. Isobel stack is best prospect within NFB. RL: Farm-in - most companies require circa 3/4 months to assess information. Late 2014 is a reasonable timeframe to get a rig down to Falklands. Next six months will see a number of announcements, with Des farm-in, next step of Sealion development approval (I took this to mean FEED options?), and rig announcement. This time next year, any rig for late 2014 would require setting up. Therefore, expect announcement of contract within next six months. Des cannot take a rig alone - requires circa $100m mobilisation, even before drilling. Leasing Co would want at least a year's contract. Ocean Guardian left as Diamond wanted 2 yr contract extension. Des could take slots in southern rigs if absolutely necessary, at higher day rates, as this may offset high mobilisation costs of going alone. relationship with RKH is excellent. Also with Prem. Had a good relationship with Prem even before RKH farm-out. Fully expect RKH to send a rig down for appraisal/ exploration before production drilling, and this would need down time between drills - therefore an opportunity for Des/ ARG. SP: Not giving anything away as to farm-in, although probably be complete in July/ August. Outside of farm-in, market has obvious very little interest in small oil i.e. as to why share price is so depressed, but this wasn't said in relation to farm-in. RKH is very good value at present given reserves. RKH are literally snowed under with work, therefore not surprised no unitisation discussion as taken place to date. This ought to be commenced in July/ August. This is good timing for Des, co-inciding with farm-in. Overall: I get the impression all directors are very excited about the prospects. Presentation was corporate, but in private much more up-beat. They want a crack at Isobel. K |
Posted at 11/3/2013 03:41 by dudishes WRT the Falklands, we do not give a damn about the US or any other nation. We defended it once, no need for a second time.Since the 14th Century, the Brits tried to kick my family out of Eire, they failed. On a similar note, the Argies will fail to. None of this will aid a failing DES share price, will it? Get real |
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