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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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08/11/2013 09:26 | UK government dismisses threats over Falkands oil exploration By Jamie Ashcroft Britain has hit back at briefings by Argentine officials that have ramped up tensions over oil exploration off the Falkland Islands. Sources at the Argentine embassy claimed investors backing firms active in this disputed part of the South Atlantic did not fully appreciate the risks they are taking. The exploration campaign began with Rockhopper Exploration (LON:RKH), Desire Petroleum (LON:DES), Argos Resources (LON:ARG), Borders & Southern (LON:BORS) and Falkland Oil & Gas (LON:FOGL). | lucky_punter | |
07/11/2013 14:14 | KC - LOL. Nothing much happening with the DES thing -- so keep the laughs coming. ;) | agnabeya | |
05/11/2013 21:20 | Let's hope your predictions are better than your past predictions about DES being worth a fortune........... | eburne1960 | |
05/11/2013 17:36 | the north will be first target wells....and the first well definately wont be caspar...... but i can tell you that anna is target number 1.....ill tell you target number two soon after my first prediction. | oilbandit | |
25/10/2013 19:48 | efagie - :) I rarely look in at all to the RKH BB - but it's still my old bookmark. I search for FOGL after I load the RKH page- I should just change the bookmark. I used to read them all daily - but not anymore. I'm less 'nifty' than I was. :) As for DES not getting good value - TBH I'm just happy that Phippsy and co are off the BOD. I think their non-exec positions might just be a sop to them - so they stay 'in the know'. I really think their absence has real value - them not there to put the kibosh on proceedings. It was maybe undervalued - but it would seem to me that, based on Phippsy's greed and looking after number one, nobody else was prepared to offer more. Like RKH - maybe it was the only deal in town? | agnabeya | |
25/10/2013 19:37 | I would have thought with the amount of time that you two have followed the FI oil companies that you would know that there is less wind in the Winter than the spring/summer...dril | granny7 | |
25/10/2013 17:38 | i know agna, you'd not be that shifty. LOL. thought you never looked to the rkh board anymore? its to after the possible higher spec noble/fogl rig doing its exploration, in the north. sorry, my bad writings.. its not to fogl having not gained, its to des holders not getting their full worth. as in, why could des not do the farmout? and what value would they then be... | efagie | |
25/10/2013 17:13 | ALERT! Efagie - I just looked at the other BB and saw a discussion about ' rigs' - that didn't come from me. Honest! | agnabeya | |
25/10/2013 17:01 | I'd rather they drilled in Summer - of course. But another non-strike will be really bad for FOGL. If they are getting a large deep water rig for the SFB - it should be able to deal with the feb/march conditions? Anyway - I think there could be two rigs - an OG type for the NFB and a Deepwater for the SFB. We haven't heard from Border - but I think they will be looking for a deep water rigshare this time. Noble Drilling are accessible to Noble Energy, I presume. I can't understand your math about the merger at all. Fogl not gained anything for their dilution? They gained DES acreage -some of which has known oil and some rather good potential. Like wise DES have gained from the merger. The main thing DES has lost is it's name as a company. At this point - I honestly don't care what the company's called. Just so long as they get started. RKH gave away 60% of everything - now and in the future. All they can hope for is 40% of whatever they find. DES and FOGL have merged in a 40/60 merging of assets - but will share the failures as well as successes. It might be splitting hairs - but merging feels better to me than 'giving away'. I hardly think FOGL got DES for nothing. The market didn't seem to think so going by the share price Phew! I'm happy to hold for now and wait for news of a rig etc. Or perhaps I should say 'rigs'. :) | agnabeya | |
25/10/2013 16:29 | agna, so looking at after the merge? des 6, what price fogl, given their 40% dilution? haven't lost anything? so what about the 50mb oils not paid for. or any backcosts. rkh got some $1b for their 60%, des? nothing except potential. fogl got des free, given the farmin with pmo/rkh. imo. LOL. if i'm honest agna, i don't understand "I think it might be too risky to drill Diomeda first in the SFB. It's new and difficult territory regarding depth and weather." YET! you'd rather drill in whats their winter months. if a rig is there in dec/jan, (their summer) surely a drill taking some two months, before going to the north with its better winter conditions. | efagie | |
25/10/2013 15:40 | Hi efagie - I'm looking at the value after the combination on Dec 6th. We haven't lost anything - it's a merging of both the way I see it. We get access to 40% of any oil FOGL hits - RKH won't get access to any of PMO's oil strikes - will they? A 40/60 merge feels better than a 40/60 split of everything. At least - that's how I'm looking at it. I think it might be too risky to drill Diomeda first in the SFB. It's new and difficult territory regarding depth and weather. Also - so far there hasn't been talk of a very big campaign - I think the NFB is the much easier target to get a result. I think that's paramount for FOGL after their campaign in the SFB last year. Success will underpin future exploration for them. Certainly Diomeda looks great on paper- but first time strikes are rare enough. What would the NFB have been like had RKH not found Sea Lion at the beginning? Of course - I'm still looking at the whole thing on the short term. I'm looking to trade on spikes and sell on dips as usual. I'm not looking at the bigger picture in the long term and production etc. I think that colours my view on the deals that have been done. Good luck however you want to play it, folks :) | agnabeya | |
25/10/2013 15:01 | 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. | efagie | |
25/10/2013 13:30 | Hi Santa - I'm doing fine thanks. Hope you're well? Still working? I'm sure we'll get loads of paperwork - in essence DES are ceasing to trade so I expect that. :) It's a funny old game - I never fancied FOGL before - but now I'll be a 100% FOGL holder after 6th of December. On reflection - I think it's a decent deal. We now have access to FOGL success (or failure too, of course) but Fogl and Noble seem to be getting on with things. The fact single fact that the share price for DES rose and isn't tumbling like RKH did on their deal makes me happy. All we need now is for Dave Bodecott to be employed by FOGL. I don't think Phipps or other non-execs will be involved in the process ever again. At least - I hope not. Other than handing over all their info to FOGL's team - we really don't need their 'expertise' in anything else. I suspect FOGL will drill the North Basin first when they get a rig. I base that on the greater COS and presence of known oil in the NFB. I think they need a success after Scotia. Even a small success. A big success would take pressure/tension off the further exploration in the SFB. That doesn't mean they WILL drill there first - but it's what I would do. | agnabeya | |
24/10/2013 21:50 | Agna - Hope you're well. Whether you're nominee or paper it makes no difference - you will be sent paperwork regardless! At last after all these years I do think we have a positive step forward, and with a lot more competent and experienced partners - Phipps no longer in control for a start! Don't really understand why a merger wasn't formed years ago? Good luck, Santa. | santafe82 | |
24/10/2013 12:52 | A semi-official source I asked said 'nominees would simply be flipped on the 6th December - but check with your broker to be sure'. I reckon I'll just wait and see. HBOS has usually taken care of those things. cheers | agnabeya | |
23/10/2013 22:26 | I just found this in an article on iii -------------------- The expected date for the cancellation of trading in Desire shares on AIM is 6 December, while share certificates for the FOGL Consideration Shares given to Desire shareholders will be sent out on 19 December. -------------------- I think we (nominees) will just flip to FOGL on the 6th - but I'll ask around and get back to you. | agnabeya | |
23/10/2013 15:26 | Thanks its nominee | shanieboy01 | |
23/10/2013 14:43 | shanieboy - if your shares are nominee account (not paper certificates) - I believe they will be merged for you. DES will cease to exist after the combination takes place - and for every DES share you hold - you will get (very roughly) 0.62 FOGL shares. So you'll have fewer shares but at the going FOGL share price I think that's how it will work - I've asked around and this has been the general gist of what answers I've had. | agnabeya | |
23/10/2013 14:33 | Sorry if this is a stupid question. My shares are with tdwaterhouse. I hold both fogl and des. Do I need to do anything or does the broker merge them for me | shanieboy01 | |
23/10/2013 13:30 | 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. | agnabeya | |
20/10/2013 21:37 | hxxp://en.mercopress | agnabeya | |
15/10/2013 21:51 | Thanks Efagie - I only glanced at it TBH. I don't really follow RKH but I had the feeling the AMI were all on the S and W coast. | agnabeya | |
15/10/2013 12:52 | agna, todays note is to a deal thats onshore. | efagie |
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