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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/desire-petroleum-in-further-slump.jpg"><img class="alignnone size-full" title="Falklands' based oil company Desire Petroleum has reported another empty well" src="http://londonglossy.com/wp-content/uploads/2010/12/min-desire-petroleum-in-further-slump.jpg" alt="Falklands' based oil company Desire Petroleum has reported another empty well"/></a></p>
<p>Falkland Islands-focused oil firm Desire Petroleum saw its shares slump by a further 25% after it failed to find oil in another of its wells.</p>
<p>Desire delivered yet another blow to investors when it said it had drilled to 1,300 metres in the North Falkland basin, but found no hydrocarbons at its Jacinta Prospect.</p>
<p>It now plans to drill to 1,670 metres at the same site to evaluate a deeper prospect.</p>
<p>Its shares crashed by nearly 50% in one day earlier this month after it admitted a suspected oil find at its Rachel North well turned out to be water.</p>
<p>The disappointing trading updates mean its shares have fallen by 66% so far in December.</p>
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