Stocks and Shares Tips

[Cottonbud]

I have another new tip from my friend in Bristol, he's gonna give me more details tommorrow so will hopefully be able to post with news and company then. Anyone else got some of their own personal tips they would like to share?

[Woodsey]

Spread bet against the price of gold, it will come down over the next 2-3 years.

[Cottonbud]

Spread bet against the price of gold, it will come down over the next 2-3 years.

Hey mate, yeah my grandads told me to do this he has alot of gold bullion coins and always says if the stock market crashes his gold will never lose its value as its a universal currency.

[Woodsey]

Spread bet against the price of gold, it will come down over the next 2-3 years.

Hey mate, yeah my grandads told me to do this he has alot of gold bullion coins and always says if the stock market crashes his gold will never lose its value as its a universal currency.

The price has soared over the last couple of years, it will drop as people realise the price is at its peak and we come out of recession and they look to offload stock. So your basically betting on the price dropping.

Also your grandad should be selling now.

[chrisbruce]

When I used to dabble in stocks and shares (I lost my arse so dont anymore)

I found the best place for info about companys etc to be -   advfn.com

If you sign up (for free) you can go on to  there Free BB (forum) and find out alll sorts about companys etc.

I see they have an on going thread about Desire (DES)

I used to work in drilling and all of the big players tried and failed in the falklands due to the drilling hazzards and water depth.

Its been a while so maybe technology has moved on? good luck

[Cottonbud]

When I used to dabble in stocks and shares (I lost my arse so dont anymore)

I found the best place for info about companys etc to be -   advfn.com

If you sign up (for free) you can go on to  there Free BB (forum) and find out alll sorts about companys etc.

I see they have an on going thread about Desire (DES)

I used to work in drilling and all of the big players tried and failed in the falklands due to the drilling hazzards and water depth.

Its been a while so maybe technology has moved on? good luck

Cheers mate.
Yeah I heard there had been attempts in the past, unsuccessful ones like you said. But apparently the technology has been improved and the Oil and Gas has been almost pinpointed to exact locations, its just whether they can extract the Oil or not.
I really don't know whether they have improved the problems you have mentioned above though - I guess this is the gamble and only time will tell. Will phone my friend Quinny tommorrow to see what he says as he pretty much knows all the details with Desire.

[jack2off]

advfn.com is a great site for shares, rumours, sharing information etc, I just know for DES specifically III.com seems to be good and ADVFN gets the iii posts.

Going back to the drilling campaign of 98, if my memory serves me correct, they drilled 4 wells and oil showed in 3. Problem was, they were not certain of how much was there and oil was $10 a barrel so it was not worth them carrying on. Falklands is 8,000 miles away, not likely they will create an oil pipe along the sea bed for this one!!

ok, so...shell sold off their acres and desire picked them up. Dr Colin Phipps (Phipps & Co - who basically own DESIRE PLC) was convinced at the reports and made it his life to get this oil out of the groun. Unfortunately he passed away with cancere last year after they signed an oil rig to send down there to get it.

In the meantime, since 98. desire have contracted a company with up to date equipment for seismic reports which have come along way, to send over the falkands waters to get more detailed information on oil in the falklands. These reports come back with unbelievable results (all online at the desire website). These results were shown to Arcadia (massive oil company with rigs, tankers the works ) and they agreed to fund 1 well 100% costs for 50% share, and a 2nd well 85% costs for 35% share. (there are 14 wells i believe). This deal was one of the best ever made for oil exploration.

So since these reports, desire have been trying to organise a rig to send down, at £300,000 a day doesnt come cheap when it takes 76 days to get there - and daily rates start from the minute it leaves. The rig market was at its worst. Due to oil hitting $150 per b, all rigs were taken on contracts. So its taken 5/6 years to tie a rig down. This is now almost there (due mid feb), and now its the risk 1/4 i belive to get it out, however on one ell (possibly the gas ne) they are sure its 50/50. If the oil comees out price....anyting up and over of £20..!!

[Cottonbud]

Cheers for clearing that up Dwayne you saved me a phone call!

[TheChipPrince]

Cheers for clearing that up Dwayne you saved me a phone call!

I did?!

[jack2off]

Note worth a read from Seymour pearce today

Desire Petroleum 3,4,5 (BUY) - Drilling update
DES.L (118.75p) Market cap: £378.4m
Desire anticipates spudding the maiden well in its Falklands drilling campaign around the middle of February. There are ten undrilled high graded prospects on Desire's acreage in the North Falklands Basin and these have, at the P50 level, a total net unrisked prospective resource potential (taking no account of prospect dependencies) of just over 2.0 billion barrels of oil. Of these ten prospects, whilst the drilling schedule will be flexible based on well results, Liz is likely to be the first to be probed. Net to Desire, Liz has an unrisked P50 resource potential of 260 million barrels. To put this in context, based on the NPV calculations in the economic assessment work done by the independent expert, if the resource was to be converted to reserves (success case) we estimate that it would be worth the equivalent of 675 pence per share. Liz partly overlies the Beth prospect and can be accessed by the Liz well. Depending on the Liz results, Desire will decide whether or not to drill an appraisal on Liz or to deepen the well to test Beth. To put Beth in context, the prospect has a net unrisked resource potential of 166 million barrels. Using the same factors as in our estimate for Liz, on a success basis, we estimate that Beth is worth the equivalent of 430 pence per share.

Alan Sinclair | Oil & Gas Research | 020 7107 8094 | alansinclair@seymourpierce.com

[Cottonbud]

Note worth a read from Seymour pearce today

Desire Petroleum 3,4,5 (BUY) - Drilling update
DES.L (118.75p) Market cap: £378.4m
Desire anticipates spudding the maiden well in its Falklands drilling campaign around the middle of February. There are ten undrilled high graded prospects on Desire's acreage in the North Falklands Basin and these have, at the P50 level, a total net unrisked prospective resource potential (taking no account of prospect dependencies) of just over 2.0 billion barrels of oil. Of these ten prospects, whilst the drilling schedule will be flexible based on well results, Liz is likely to be the first to be probed. Net to Desire, Liz has an unrisked P50 resource potential of 260 million barrels. To put this in context, based on the NPV calculations in the economic assessment work done by the independent expert, if the resource was to be converted to reserves (success case) we estimate that it would be worth the equivalent of 675 pence per share. Liz partly overlies the Beth prospect and can be accessed by the Liz well. Depending on the Liz results, Desire will decide whether or not to drill an appraisal on Liz or to deepen the well to test Beth. To put Beth in context, the prospect has a net unrisked resource potential of 166 million barrels. Using the same factors as in our estimate for Liz, on a success basis, we estimate that Beth is worth the equivalent of 430 pence per share.

Alan Sinclair | Oil & Gas Research | 020 7107 8094 | alansinclair@seymourpierce.com

Hey Chip prince

This is Dwayne Quinn

[bolt pp]

One of my pops' properties just became vacant so I put some nice potted plants in their and new light fittings etc. All over the house. If anyone wants to invest in shares let me or Bolt know.

they'll be nothing left to invest in if we let you anywhere near the gaff, you deal with admin, transport and remittence i'll handle cultivation

[Cottonbud]

Have just got that other tip from my friend in Bristol, its infact a gas company and he says its highly volatile so I personally wont be investing the name was LNGA. DES are doing well should continue to rise as we get closer to February and then the drilling should begin

[Digger]

Have just got that other tip from my friend in Bristol, its infact a gas company and he says its highly volatile so I personally wont be investing the name was LNGA. DES are doing well should continue to rise as we get closer to February and then the drilling should begin

Now that is sooooo funny!!!!......LMFAO

[Cottonbud]

Have just got that other tip from my friend in Bristol, its infact a gas company and he says its highly volatile so I personally wont be investing the name was LNGA. DES are doing well should continue to rise as we get closer to February and then the drilling should begin

Now that is sooooo funny!!!!......LMFAO

Yeah I know bit of a contradiction I guess, I know Oil's just as bad don't worry. Its more because of the source (person who tipped me) its came from to be honest. I don't think its as reliable as the source I got for DES.