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Gold/Mining/Energy : Desire Petroleum

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From: Oily1	3/29/2011 5:57:07 AM
	of 417

Ninky Well Spud --------------- Desire Petroleum PLC 29 March 2011 For Immediate Release 29 March 2011 Ninky Spud Desire Petroleum plc (DES:AIM) the oil and gas company wholly focussed on the North Falkland Basin announces that the 14/15-3 exploration well on the Ninky prospect was spudded at 02.45 BST on 29 March 2011. The prospect is a combined structural dip and stratigraphic pinch-out trap with multiple reservoir targets within the Barremian source rock interval. The well has a planned total depth of circa 2,620 metres and drilling operations are expected to take approximately 30 days. A further announcement will be made once logging is complete. For further information please contact: 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 Chris McMahon This information is provided by RNS The company news service from the London Stock Exchange END DRLDKLBLFXFLBBZ

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