Desire Petroleum: Up Nearly 100% Earlier Today, Why?

[NicoG]

Hello All.

Benn in Desire for a few months now and after the slump, today it rocketed...

I have had a good look round and cannot find anything which might suggest why...

Does anyone on here know what's caused this spike?

Cheers - Nick.

[Superbad]

Rockhopper (another company drilling in the Falklands) have found oil mate

http://news.bbc.co.uk/1/hi/business/10100769.stm

Edited by Superbad on Thursday 6th May 15:06

[Stu R]

Yup

[Lefty 200 Drams]

Me too

[NicoG]

Superbad said:

Rockhopper (another company drilling in the Falklands) have found oil mate

http://news.bbc.co.uk/1/hi/business/10100769.stm

Edited by Superbad on Thursday 6th May 15:06

Cheers Superbad, that pretty much explain it ay! I was checking everywhere but the good ol' Beeb !

[NicoG]

According to IG index RockHopper currently up 140% TODAY

[Lefty 200 Drams]

I've had a nice day

[Gareth79]

Thank fk, I bought £500 of each a few weeks ago (for fun reall) and had a sweaty moment when they dropped right back after DES had the dry well.

Presumably this means that Desire might strike oil at one of their other planned wells, so worth holding onto the lot for a while yet?

Edited by Gareth79 on Thursday 6th May 16:24

[Superbad]

NicoG said:

Superbad said:

Rockhopper (another company drilling in the Falklands) have found oil mate

http://news.bbc.co.uk/1/hi/business/10100769.stm

Edited by Superbad on Thursday 6th May 15:06

Cheers Superbad, that pretty much explain it ay! I was checking everywhere but the good ol' Beeb !

No worries mate.

Sign up with the site below, put in the names of all the companies you have an interest in and they'll send you an email whenever one of those companies makes an announcement (RNS) to the stock market (like the one today) It's free and I've never had any SPAM.

http://www.investegate.co.uk/

I'm in RKH at the moment, the share dropped sharply when DES drilled their first well but I'm now many a very small profit. This well is regarded as one of the best in the Falkland Islands

Edited by Superbad on Thursday 6th May 20:22

[hidetheelephants]

Gareth79 said:

Thank fk, I bought £500 of each a few weeks ago (for fun reall) and had a sweaty moment when they dropped right back after DES had the dry well.

Presumably this means that Desire might strike oil at one of their other planned wells, so worth holding onto the lot for a while yet?

Yes and no; this is a good example of what is known the 'halo' effect, also known as 'brokers are stupid sheep' syndrome. This news has no effect whatsoever on the likelihood of Desire or any of the other wildcats finding economic oil. As you were.

[koolchris99]

ME TO ME TO ME TO ME TO ME TO

fkING AMAZING FEW DAYS

well done all