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Gold/Mining/Energy : Desire Petroleum
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From: Oily111/1/2010 2:00:12 PM
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Drilling Update



TIDMDES

RNS Number : 3381V
Desire Petroleum PLC
01 November 2010

?
+------------------------------+------------------------------------+
| For immediate release | 1 November 2010 |
+------------------------------+------------------------------------+


Desire Petroleum plc

("Desire" or "the Company")

Drilling Update

Desire Petroleum plc (DES:AIM), the oil and gas company wholly focussed on the
North Falkland Basin, wishes to provide an operational update on the 14/15-1Z
sidetrack well on the Rachel prospect.

Due to wellbore stability issues through the deviated section of the wellbore
(forty degree hole inclination) it was not possible to reach the target depths
in the first wireline logging run. The hole is now being cleaned out prior to
making a further attempt.

A further update will be provided in due course.

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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