Desire Petroleum Plc (DES)
April 8th, 2008There’s more to the Falkland Islands these days than bored sailors and penguin poo.
Apparently, there’s oil beneath them thar distant, freezing and remote hills. We say apparently.
There’s been prospecting there for years, but so far not a drop of the black gold. But if there is, Desire’s the one to watch.
Research: DES.L
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Category: iBall
The old cliché has it that as far as the stockmarket is concerned one should go away in May and come back again on St Leger Day. What? And miss out on all the fun? Reeling retailers. Broken banks. Crunching credit. There’s so much more than mere capital accumulation, yield and dividend. Not only are there bargains out there but also more than the odd laugh. Click on the portfolio to see how our writers have got on against the market.
April 8th, 2008 at 6:41 am
Millions of holes drilled since the 90’s???
er 6 actually. Get it right please……
1 in 5 odds is amazing in the oil industry actually.
April 8th, 2008 at 7:40 am
Someone’s always got to pick holes. Tsk
April 8th, 2008 at 3:06 pm
If they’d have drilled millions of holes, the place would have disappeared. I think it’s called hyperbole.
April 8th, 2008 at 3:32 pm
The only bit you got right was the Compnay names involved in the Falklands. Oil has been found but at $10bbl it was not considered viable but at $100+ it surely is and it is in the most stable area you could find being under the Union Flag.
April 8th, 2008 at 4:16 pm
Millions of wells?? There was a failure to mention 6 wells drilled 5 with signs of hydrocarbons and one sending oil to the surface.