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Desire Petroleum provides complete resources assessment


Published Nov 26, 2012
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Desire Petroleum reports directorate change

Desire Petroleum report the findings of a recently completed competent person's report (CPR) on all the assets of the company, prepared by Senergy (GB) Ltd. This CPR includes the complete prospect inventory based on the final interpretation of the 2012 merged 3D seismic survey as well as an assessment of the 14/19-1 Liz gas condensate discovery.

Commenting on the CPR, Stephen Phipps, Chairman of Desire, said,"We are delighted that this CPR confirms our view that the Desire licenses have excellent remaining exploration potential. Our prospect inventory has been greatly strengthened following the interpretation of the 2012 merged 3D survey and we are now able to promote multiple prospects for drilling with stacked targets. There are several play types to explore but the stand-out potential is in the East Flank play where there are many prospects analogous to the Sea Lion Complex. Our immediate priority will be to promote our extensive prospect inventory and to attract further investment into our licenses."

Tags: Desire Petroleum plc




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