Desire Petroleum plc (Desire) is engaged the exploration and exploitation of its licenses in the North Falkland Basin. The Company assets are located within licenses PL003, PL004 and PL005 for, which phase-II license has been granted by Falkland Islands Government. The Jayne prospect was identified from initial interpretation of the East Flank Fast-Track volume. The prospects are located within PL004c where Desire has a 75% interest. The Ninky North prospect lies immediately to the south of the 14/15-4a discovery. The prospects are located within PL004b where Desire has a 40% interest. The Ann / Orca South prospect has been part of the prospect inventory for some time and remains a prospect from interpretation of the new three dimension (3D) data. The prospects are located within PL003b where Desire will have a 57.5% interest following completion of the Denholm farm-out.