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Shares for desire fell 5 - 5MC - 92 percent after the company admitted that the first effort to achieve the targets of drilling depth did not. Shares for desire to mid-October rose by more than one third to 70.6 percent that management has admitted that he had found sandstone but no oil in the perspective of Rachel.

He decided to keep drilling laterally and since its shares were supported by the hopes that there will be a commercial discovery as observed with his rival, Rockhopper.

Desire has three more drilling wells to 23 million to ￡ triggered investors in September.

The company said: "borehole section deviated wells, a hole of forty degrees tilt stability problems because it was not possible to reach depths of target first cutting of landline exécuter.Le hole is now cleaned up to make another attempt."

It was also disappointing to colleagues day frontier exploration Shiner Faroe Petroleum found traces of his perspective of Anne Marie offshore islands Féroé.Actions company oil dropped by 18 or 9pc 177 percent after company said that it was "strong evidence" oil wells, but it is of poor quality.

Graham Stewart, CEO of Faroe, said: "if we do not meet with sand thickness tank location although Anne Marie discovery gives us important encouragement to continue exploration efforts in this license, which we had with ENI, more than 10 years."

Faroe holds a stake in the wells, with Dana Petroleum with 25pc, ENI with 25pc Cieco with 12 5pc and First Oil Expro with 5MC 5pc 12.

Melrose resources dropped 17pc 270 percent after its Canadian partner out of an agreement to sell the company some Romanian offshore fields.

Sterling resources decided to sell to 5pc 32 two blocks on Melrose in a movement that can stop the browser centred on Edinburgh's goal 40,1000 barrels per day of exit.

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