Desire Petroleum Plc is engaged in the oil and gas exploration in the North Falkland Basin. During the year ended December 31, 2011, the Company operated one exploration well on the Ninky prospect and participated in one exploration/appraisal well on the Sea Lion Extension, Beverley and Casper South (Shona) prospects. During the year, its 14/15-3 well was drilled to a total depth of 2620 meters, within the Barremian F sequence. The farm-out well 14/15-4a was operated by Rockhopper Exploration and reached a total depth of 2575 meters during the year. As of December 31, 2011, the Company held 100% of the ordinary shares of Gaelic Resources Plc, a dormant company incorporated in the Republic of Ireland.