Falklands oil failure as desire arises sec
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Desire now has three more drilling wells to trigger ?23m investors in September. Photo: AP
Shares for desire dive 36pc 70.6 percent as management admitted that he had found the sandstone, but no oil in the perspective of Rachel.
Desire has three more drilling wells to 23 million to ￡ triggered investors in September. It now decided sideways drilling at the prospect of Rachel for another 20 days committing no step to give up yet.
However, evolution and Oriel analysts were skeptical about. ""These targets look higher risk given the sands are likely to be worse quality and thinner in the deepest part of the basin," said Nick Copeman's Oriel.
"All these perspectives appear to high-risk after the failure of Rachel and our recommendation is in review."
Seymour Pierce, broker oil Explorer home was more optimistic, desire to say ' portfolio of prospects is vast and offers potentially huge upside. "
