Desire PR company refutes today's Times story

Posters on bulletin board iii.co.uk are posting that, Buchanan, Desire Petroleum's PR company have stated that an RNS will be issued tomorrow morning at 7am before the market opens to clarify the situation following the Times story today which said that oil had been found but not in commercial quantities. Buchanan have reportedly said that testing is ongoing and there has been no final data to confirm the commerciality of the Falklands Liz drilling prospect. Lots of rumours which hopefully will be put to bed by an official statement tomorrow.

As  a follow up, Reuters have just confirmed the iii reports that an RNS will issued at 7am tomorrow - "A spokesman for Desire said on Sunday that tests were ongoing, and the company would issue a statement on Monday morning clarifying the situation to shareholders." (http://uk.reuters.com/article/idUKTRE62R0WD20100328)