11-02-04

Clintons acts for Desire Petroleum Plc Clintons Solicitors has acted for Desire Petroleum Plc ("Desire") in relation to a Placing and Open Offer which raised approximately Ј5 million for Desire. The funds will principally be used by Desire to negotiate and enter into a seismic survey agreement with Fugro Geoteam A/S ("Fugro") to engage Fugro formally to carry out a 3D seismic survey over certain areas licensed by Desire within Tranches C and D of the North Falkland Basin of the Falkland Islands. Desire was advised by Clintons corporate partner Abigail Smith who was assisted by Robbie MacDonald and Richard Antwi. The Placing was fully underwritten by Desire's Nominated Adviser and Broker, Seymour Pierce Limited (Director, Jonathan Wright was assisted by Ewan Leggat) who were advised by Anthony Brockbank and George Cotter of Field Fisher Waterhouse.
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