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Gold/Mining/Energy : Desire Petroleum -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (82)	6/16/2000 10:32:00 PM
From: Tomas	Read Replies (1) \| Respond to of 417

Desire Petroleum PLC - Drilling Report, June 15 Aljubarrota No.3 - Drilling Suspended The Aljubarrota No.3 well has been suspended at a depth of 2485 metres. The well was drilled to appraise the gas discovery made by Aljubarrota No.2 well. Aljubarrota No.3 is situated approximately three kilometres to the north of the No.2 well and it encountered the same gas column within the Brenha Limestone Formation penetrated by the No.2 well. A number of drill-stem tests, selected on the basis of log analysis, were carried out in uncased hole without gas production being achieved. Because of water influx from higher formations, it was not possible to drill the Brenha Limestone with foam as planned and some formation damage may have resulted in consequence. It is now planned to make a thorough evaluation of the results of the No.3 well before a decision is made as to further testing or appraisal drilling. Enquiries: Desire Petroleum +44 1684 892242 Dr Colin Phipps Millham Communications +44 20 7256 5756 Simon Rothschild Judith Parry SG Securities (London) Ltd +44 20 7638 9000 Luke Morton