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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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 16.375 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
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20/9/2013 16:15 | I feel the same way efagie - FIG won't want a lot of empire builders re-inventing the wheel. HAGWA. | agnabeya | |
20/9/2013 15:56 | can't see any other option agna, would seem daft for each exploration participant to have their own. | efagie | |
20/9/2013 15:47 | typical gone now. | efagie | |
20/9/2013 15:47 | i hate these stupid panels on the top and bottom of posts. | efagie | |
20/9/2013 15:02 | That's the one Efagie - a subscribing chum sent me it this morning. :) I could have sent you it, as I didn't know if I was at liberty to post it. Do you think it could be shared? | agnabeya | |
20/9/2013 12:14 | I'm not certain, efagie - I presume it will be used by both of them. At least - I hadn't heard about discussions regarding a second one. PMO were in dispute with FIG about dismantling it after an allotted time period. 3 years ISTR. PMO want to retain it for future use - despite the building of a permanent port/jetty. I've no idea how this was resolved or what (if any) compromises were reached. I suppose it's possible this one is Noble's and they could rent space to PMO? That's just a thought, though. I've seen the letter of interest. Noble will fit out a barge and have it towed to the FI. DO you know anyone with a subscription to Penguin News? All the details are in there today. | agnabeya | |
20/9/2013 11:44 | a link from otherside agna re jetty. sorry, temporary port. hxxp://en.mercopress so are pmo looking for their own or maybe in conjunction with? given its position looks useable for the north basin too. | efagie | |
18/9/2013 09:51 | 45987,45988 - LOL :D Well - thank you for yesterday, chaps. I've decided to make lemonade - so if we DO go lower - 10p or under - I'll get a few to dabble with. :) (Sometimes I think there's no hope for me when it comes to DES....) | agnabeya | |
17/9/2013 16:25 | ooh matron... ahh you meant shareprice. lol | efagie | |
17/9/2013 16:16 | *searches google for roses pics* SP = 40pence ? lol | robpuguk | |
17/9/2013 16:11 | efagie - thank you! I feel better already. :) The share price even rose a little -did you make that happen too?? Genius. | agnabeya | |
17/9/2013 15:21 | to cheer you up agna. lol. | efagie | |
17/9/2013 15:17 | agna. "Efagie -I'm NOT missing that DES are having a farm-in PROCESS - what I do see is they have no partner willing to commit, as yet. They have nothing." sorry if it seemed disengenuos not meant. my thoughts are to, they seem to have more interested in them, than rkh had. given how long its been going on for, and there's still a few interested. to denholm, still there i think. though persuading them to part with some money does'nt seem to happen. agree to the noble rig, but! what if nobles the partner? or maybe an anadarko, with its deep pockets. do they have their own rigs? i can't see anyone waiting for the zeberdee results to farmin. given it may be a success, and the extra costing to a farmin that would imply. why wait? to "PMO are making the TLP decision over the FPSO - not RKH." as expected. rkh are to the exploration only. imo. they've no experience to develop. though i have thoughts to it being the subsidary deciding. rkh had some 10 staff before the find. rose to 30 after, to evaluate. suggesting that 20 are to the pmo point of keeping for now. bodecott? never said retired. consultant to des? we don't know, he maybe already doing it. hmmm.. | efagie | |
17/9/2013 14:37 | Efagie - just his from your earlier post - then I'll shut up (promise) :D "as to bodecott/jungles. think they got fed up, with what looks like a surrender to pmo. where the terms to the surrender are either done or in discussion... there seems no indication or desire to expand their horizons," Dave Bodecott had every intention of continuing to work - he hasn't retired. I want him to join DES - that should help conclude a farm-in negotiation if nothing else. I've no idea where he is at the moment - but not retired. | agnabeya | |
17/9/2013 14:30 | I look forward to your report Rob - I wonder how many people will be there? I mean in the audience - but it will be interesting to see how many from RKH turn up. Efagie -I'm NOT missing that DES are having a farm-in PROCESS - what I do see is they have no partner willing to commit, as yet. They have nothing. No rig - no farm-in - no money - and no obvious plan on their part. That is exactly what I get from the Interims. What I do NOT want to see is a deal at any price - like RKH did. I've no idea if the Denholm agreement is still in existence. If it is - there's a chance to drill as part of a campaign with a shared rig. I want to see that - not a sit back and wait for the PMO Zebedee results to entice a farm-in partner. I can NOT see them drilling with the Noble rig - as that would be so expensive for them - and if they can't get a farm-in now - a rig costing twice the day rate of the OG isn't going to make it easier. All IMHO. I@m rather cynical at the moment - so excuse my un-cheerful mood. ;¬ AS for PMO not having any say - I get what you're saying - but I don't believe things work like that. The RKH licence pretty much defined RKH - and now PMO have the controlling interest in that very licence. DO you honestly not think RKH have given away their authority? PMO are making the TLP decision over the FPSO - not RKH. IF PMO have no say - why that comment about keeping the RKH personnel 'for now'? (I think it was made during the meeting that discussed Areas of Mutual Interest in Africa - but I'm not 100% certain). It sounded like they thought they had a say? TBH - I don't think RKH or DES will exist in a couple of years. I think we could see RKH disappear next year. Not to worry - it's only money. I keep telling myself that. :) cheers | agnabeya | |
17/9/2013 13:16 | 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. | efagie | |
17/9/2013 12:50 | Well the RKH AGM is our next bit of info, at least an update on the tax situation anyway, then until year end when concept select should complete. But who knows rig news could come at any time, but I reckon noble will announce first on that soon. As in this months update by noble they are still saying q4 drilling for them & fogl. | robpuguk | |
17/9/2013 12:44 | 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 | agnabeya | |
17/9/2013 12:14 | agna, pmo have NO say of what staff rkh have. the only issue might be if pmo want someone for the falklands subsidary. the rkh staff issue is to pmo's and rkh's subsidary taking over the falklands mantle, meaning rkh will not have a need for them all, unless they go looking outside of the ami. which given bodecott in slinging his hook, suggesting it not on the table for the foreseeable future, if at all. which might suggests that pmo, at this time, due to their financial situation were unable to buy the lot. so have put monetary fiddles in place to save monies for a later buyout. towards pmo and the des's hoped for exploration delays, with pmo looking for them to sink. that FIG drill licence contract also applies to pmo/rkh. so THEY to have to drill in pl04 before the 2016 deadline. imo. so delays to that costs them too. | efagie | |
17/9/2013 11:39 | efagie - 45974 I 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 | agnabeya | |
17/9/2013 11:00 | Efagie we're at £40m market cap now - when you consider what PMO took encore out for we are ridiculously cheap! And we have a hell of a lot more oil than they did... | robpuguk | |
17/9/2013 10:18 | efagie - I'd like to think it won't fall much further - but it's DES the Unpredictable. DES was named that at birth I think. I'm not prepared to take the huge hit and maybe miss a rise - so I'm holding for now. I'm a hell of a lot less smug than I was, when I thought I was buying at close to the bottom. I think they will recover to 20p at least - at some point - so I'll hang on for now. I've always said they aren't real losses while they are still on paper. Sigh...... | agnabeya | |
17/9/2013 10:12 | as to bodecott/jungles. think they got fed up, with what looks like a surrender to pmo. where the terms to the surrender are either done or in discussion... there seems no indication or desire to expand their horizons, and just using the future financial situation not being sorted as an excuse. | efagie | |
17/9/2013 10:08 | not sure there's much further it can fall. after all, any farminee must be thinking to why give them say $100m to farmin, when to buy the company looks cheaper, or not a lot more. | efagie |
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