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Desire Petroleum is to raise £7.3m in a share placing to fund its oil exploration work in the north Falkland basin. 29-Dec-2003 Desire Petroleum is to merge with Gaelic Resources of Ireland to create a £24m oil group, and the move will reduce Desire's dependence on the Falkland Islands. 28-Aug-1999 Desire Petroleum is in merger discussions with Gaelic Resources of Ireland, as part of a strategy to reduce its focus on exploration in the Falkland Islands. 18-Jun-1999 Desire Petroleum is considering plans to carry out drilling on its own in the Falklands area, if its partners put the development on hold. 23-Oct-1998 Desire Petroleum has announced that one of the oil blocks in the Falkland Islands, in which it has a 25% stake, has been abandoned. 01-Jul-1998 The share prices of Desire Petroleum, Westmount and Greenwich Resources have been hit by reports of disappointing early results from the oil exploration programme in the Falkland Islands. 29-May-1998 Desire Petroleum has reported encouraging first results from a well being drilled by its partner Amerada Hess off the Falkland Islands. 21-May-1998 Desire Petroleum is to raise £14m in a flotation on Aim in order to fund exploration costs in the North Falkland basin. 09-Apr-1998 Desire Petroleum is planning to raise up to £10m through a listing on Aim in order to fund its drilling programme off the Falkland Islands. 15-Dec-1997
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