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Gold/Mining/Energy : Desire Petroleum
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From: Oily110/28/2010 6:42:56 AM
   of 417
 
Drilling Update



TIDMDES

RNS Number : 1634V
Desire Petroleum PLC
28 October 2010

+------------------------------+------------------------------------+
| For immediate release | 28 October 2010 |
+------------------------------+------------------------------------+


Desire Petroleum plc

("Desire" or "the Company")

Drilling Update

Desire Petroleum plc (AIM: DES), the oil and gas company wholly focused on the
North Falkland Basin, wishes to give a further update on the drilling progress
to date on the Rachel 14/15-1Z sidetrack well.

The well reached its measured total depth of 3,418 metres on 27 October and the
process of pulling out of the drill hole is underway. Once this is complete,
logging operations will commence and a further announcement will be made once
the logging results are known.

The Company also notes recent press speculation and wishes to confirm that it
has not received any approaches concerning a possible offer for the Company.

Enquiries:

+-------------------------------------------+-------------------+
| Desire Petroleum plc | 020 7436 0423 |
+-------------------------------------------+-------------------+
| Stephen Phipps, Chairman | |
+-------------------------------------------+-------------------+
| Dr Ian Duncan, Chief Executive Officer | |
+-------------------------------------------+-------------------+
| | |
+-------------------------------------------+-------------------+
| Seymour Pierce Limited | 020 7107 8000 |
+-------------------------------------------+-------------------+
| Jonathan Wright / Stewart Dickson, | |
| Corporate Finance | |
+-------------------------------------------+-------------------+
| Richard Redmayne / Paul Jewell, Corporate | |
| Broking | |
+-------------------------------------------+-------------------+
| | |
+-------------------------------------------+-------------------+
| Buchanan Communications | 020 7466 5000 |
+-------------------------------------------+-------------------+
| Ben Romney | |
| Tim Thompson | |
+-------------------------------------------+-------------------+


This information is provided by RNS
The company news service from the London Stock Exchange
END


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