Why would SER have a report written up about there company and give it a valuation

Teton have made an offer but was turned down according to the AGM

Read notes here, a short snippet taken from someone who went to the AGM read the last Paragraph

English Bigblls - 8 May'06 - 19:01 - 3 of 15471

Notes from the AGM
------------------------------

Production:
- All wells back online, current production about 180bpd
- surface equipment upgraded by adding more tanks which cost $40,000 each. They now have the capacity for a lot more production (no exact rates given)
- next step is to link up a pipeline to Tapia which will cost around $400,000 but should remove the need for any more surface tanks and allow much higher increases in production

Current trading:
- Profitable and cash-flow positive
- Weren't intending to issue a trading statement before the interims but after several people asked for one it looks like they may be going to do one.
- Interims will be out end of September / early October

Funding:
- Looking at debt financing first, banks are coming to them, someone offered them $10M a while ago but consider that too much at this time.
- Possibly going to get a JV partner later whereby an other company (maybe Teton, or other similar co's) will take a % of Tapia for X million and pay their way.
- Don't expect any institutions to buy in until the interims

- Karl Arleth had to leave because his company (Teton) made an offer for the company but they turned him down.

Now read this report, it has not been published as yet, Why??? has the company asked to have it valued for sales purposes... does sound that way to me, also there has been a lot of activity in the shares of late, before it was a dead dog.. stinks of a take over

http://www.hardmanandco.com/Research/Sefton_June_2006.pdf

I tink ya could be right

BUYRe: Takeover ?? Maybe?? Maybe not Chz1598 2
Reckon we're a real target boys! Everything points to a deal!

1. Teton made unacceptable first offer.
2. Hardman report kept quiet.
3. No details in AGM statement to aid SP.
4. No post-AGM TS.
5. JE and GD expressed deisre to retire soon.
6. No broker recommendations.
7. Delayed consolidation date after vote for.
8. Company tidy-up on operations
9. Hardman confirm as takeover target at present levels.
10. Teton acquire 50 million $ and their goal is acquisition.
11. Karl Arleth steps down because position stops Sefton working with him.
12. Major increase in storage facilities.

Well fingers crossed then guys. I'd love to see 3.5p a share. I'm guessing from the above post that the consolidation will be/has been postponed?

consolidated price of 3.5p = 52.5p

they are going to consolidate at 15-1

afternoon all
You maybe correct potatohead somethings going on at the moment but precisely what i don't know but am hanging in there
thanks keith

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Author opthalmist View Profile | Add to favourites | Ignore
Date posted Monday 18:41
Subject My notes on the AGM
Opinion Strong BUY
Recommendations This message has been recommended 16 times
Message
(from memory so may be a bit sketchy).

The first thing I will say is people selling this or deramping this now are f*cking stupid!

Production:
- All wells back online, current production about 180bpd
- surface equipment upgraded by adding more tanks which cost $40,000 each. They now have the capacity for a lot more production (no exact rates given)
- next step is to link up a pipeline to Tapia which will cost around $400,000 but should remove the need for any more surface tanks and allow much higher increases

in production

Current trading:
- Profitable and cash-flow positive
- Weren't intending to issue a trading statement before the interims but after several people asked for one it looks like they may be going to do one.
- Interims will be out end of September / early October

Funding:
- Looking at debt financing first, banks are coming to them, someone offered them $10M a while ago but consider that too much at this time.
- Possibly going to get a JV partner later whereby an other company (maybe Teton, or other similar co's) will take a % of Tapia for X million and pay their way.
- Don't expect any institutions to buy in until the interims

- Karl Arleth had to leave because his company (Teton) made an offer for the company but they turned him down.

Overall I was very impressed with the Directors. JE, JDM and GD were there. GD stayed true to form and stayed absolutely silent throughout. JE was every bit the oil

man and was obviously an expert on his subject, at one point he stated something like "I just want to drill drill drill"! JDM came across as extremely savvy and

experienced about financial matters and the markets as you would expect.

Basically they know everything about the overhang and what's going on with the spread and share-price. Various brokers (we know who) are still offloading stock into

the market, but JDM said they did think this would come to an end very soon.

Reason for consolidation is to get it out of the sub-1p zone, JDM lamented there were too many "punters" (short-term 'traders') attracted to the stock and this is

because of the sub-1p price, and he thinks this issue will be greatly improved by the consolidation. He also expects the spread to improve, because nobody cares

about what goes on with sub-1p shareprices but once they are around 10p+ people take a lot more notice.
Also, institutions will generally not touch anything with sub-1p price and under 10M m.cap.

They are having a meeting about financing this week or next to decide on the various options.
They stressed they see no point in further dilution at this point so it will be debt/JV.
They will have no problem at raising debt secured on their assets at around 8-9% interest, and they should pay them back within 12 months.

CAZA case:

Is between Sefton and CAZA (no insurers involved now). They are only waiting on a judges final decision about which way it will go (depends on arguments over the

wording of the original contract). If it goes to CAZA, Sefton will have to pay $150,000 which they have put aside. If it goes to Sefton, they will most likely be settling

out-of-court. They will be claiming drilling costs of around $700k plus lost profits / damages for the large dilution they had to go through.
It sounds like they expect it will go Sefton's way.
Also they did say they might consider a settlement whereby CAZA drill a certain number of wells for them, and stressed that there were no fears about safety etc now

as the California government energy department was closely monitoring them and making sure all contractors are certified and fully trained etc.

CBM:

They basically said everything is set up and waiting to go - acreage, pipelines, equipment, for initial production. They are just waiting for the right time / cash position.

Re: Tapia drilling:

They are taking it in turns with 4 or 5 other companies who are collectively drilling around 30 wells, hard to estimate when exactly it will be Sefton's turn, but

expecting 'Autumn' and definitely this year.

They said they will be making the most of it when they have got it, and i'm pretty sure they said they will drill 5-6 new wells not 2.

In summary, very impressive AGM, where the directors answered a lot of tough questions very well and in great detail from sharesholders.

I won't be selling any of these for a long time to come.

Hi again potatohead
nor me can't fault on your summery of ser it's a case being Patient at the moment
( at the moment we seem to be all over the place with different threads )
thanks keith

this one is more accurate

it does look like this one is getting ignored.. its a shame as it looks pretty certain thats where we are heading 3.5p takeover

Well we need some good new's soon from the company to support the s/p am sure they must be aware of this A company producing oil and future production levels set to increase it's just a matter of time before this one bear's some fruit. DYOR

keith

only two people posting.. this is a sad case, such a bargain, and no one has clocked on, anyone see the large buys at close, sources say teton are buying...
;-)

good luck seftoners

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Teton Energy to Join Russell Microcap Index
DENVER, July 13 /PRNewswire-FirstCall/ -- Teton Energy Corporation (Amex: TEC), an independent oil and gas exploration and production company with operations in the U.S. Rocky Mountain region, today announced that it has become part of the Russell Microcap Index, a Russell Investment Group family of U.S. indexes, according to the final membership list posted on June 30, 2006 on http://www.russell.com.

(Logo: http://www.newscom.com/cgi-bin/prnh/20051007/LAF054LOGO)

The Russell Microcap Index includes the smallest 1,000 securities in the small-cap Russell 2000(R) Index plus the next smallest 1,000 securities. Metrics used by the Russell index to determine membership includes, but is not limited to, market capitalization and style attributes such as, growth, value or in some cases growth and value.

"We are pleased to be included in the Russell Microcap Index," said Karl Arleth, CEO and President of Teton Energy. "Being a member of an index such as this will enable Teton to become more broadly recognized within the investment community."

Russell's U.S. indexes have been the most widely used set of performance benchmarks for institutional investment products since 2003, and the gap continues to widen. As of May 2005, Russell held an industry-leading 52% share of the institutional market for benchmark usage.

About Teton Energy Corporation

Denver-based Teton Energy Corporation is an independent oil and gas exploration and production company with operations in the Rocky Mountain region of the U.S. The Company's common stock trades as TEC on the American Stock Exchange. More information about the Company is available on the Company's website, www.teton-energy.com.

Forward-Looking Statements

This news release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiary's expectations, intentions, strategies and beliefs regarding the future within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements contained herein are based upon information available to Teton's management as at the date hereof and actual results may vary based upon future events, both within and without the control of the Teton's management, including risks and uncertainties that could cause actual results to differ materially including, among other things, the impact that additional acquisitions may have on the company and its capital structure, exploration results, market conditions, oil and gas price volatility, uncertainties inherent in oil and gas production operations and estimating reserves, unexpected future capital expenditures, competition, governmental regulations and other factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2005 filed with the Securities and Exchange Commission. More information about potential factors that could affect the Company's operating and financial results is included in Teton's annual report on Form 10-K for the year ended December 31, 2005. Teton's disclosure reports are on file at the Securities and Exchange Commission and can be viewed on Teton's website at www.teton-energy.com. Copies are available without charge, upon request from the Company.


SOURCE Teton Energy Corporation
CONTACT:
Gillian Kane of Teton Energy Corporation,
+1-303-565-4600, ext. 101, gkane@teton-energy.com.
Web site: http://www.russell.com
http://www.teton-energy.com
(TEC)

You should call this thread the speculative thread!! I must say though its not badly written but come on reading posts above it you believe that then you'd fall for just about anything.

you obviously not read the thread properly, and not read the hardman report and the hint at the agm of "we have had an offer for the company and turned it down", he didnt say "We had an offer for the company and we are not interested" if the SER directors were not interested at all why bother mentioning it at the AGM

thats very important to note

I'm sure your aware that any reasonable offer for the company would be put to the shareholders for vote. If you agree then the chairman would be very stupid to make a statement saying or even implying that offers for the company wouldn't be considered. Lets face facts here, should a decent offer be made then of course SER would be sold. How much Teton Energy Corporation have to offer is another mater. If you read the Hardman report which suggests the current sp is very cheap I'd imagine that offers of 1.6 or less would be automatically rejected by the board. Finally on the other hand Teton would do well on their own sp if the markets gets wind and believes an aquisition is coming!!

Like i said, if the company is not for sale why mention the offer in the first place at the AGM

you obviously not read the thread properly, and not read the hardman report and the hint at the agm of "we have had an offer for the company and turned it down", he didnt say "We had an offer for the company and we are not interested" if the SER directors were not interested at all why bother mentioning it at the AGM

thats very important to note

taken from another thread

Re: Takeover afoot
opthalmist


The True Jedi - you did not go to the AGM either - you have picked up on a few sentences from what other people have said ie me.

But yes, you're correct - JE definitely did say Karl Arleth CEO of Teton had to leave his post at Sefton because he (as CEO of Teton) made an offer for the company, which they turned down as they considered it "ridiculously low" (his words).

if there was ever a time to buy today is it, USA stocks will push is north this afternoon

Buy or JV Chz1598 9
There will be an announcement either before or on consolidation day, I have confirmation of that, whether the doubting Thomas's believe that or not. And this is not price sensitive as I have only an aproximate date and no details. However, logically it can only be good news, either take over offer confirmation or JV. If a take-over, the price will have to be in relation to the Hardman report, which regardless what some have tried to imply, that Sefton commissioned it so it was worded as they wanted, is a totally independent report based on research by Hardman. The recent Chaco Resources Hardman Report proves independence, they hardly did much to help the sgare price there!!!

If a JV, the price will also begin heading seriously North as this will be the start of CBM recovery which Hardman report could eclipse the oil revenue.

When we see a NAV of 3.4 without CBM, I can only guess what it will be if Sefton remain in control of the company and start producing CBM. They are in an area considered one of the most prolific for this gas and would, with the cash/equipment from a JV, be pumping to consumers very quickly as everything is already in place ready for the delivery.

Speculation about the SP being held back does have its merits. There's no doubt that the company is either absolutely incompetent with regards to market reaction to news or are purposely not promoting themselves for other reasons.

When you think that the Hardman report was only discovered because a few investors were lucky enough to get emailed, that the AGM statement had no update, that the house broker is doing nothing to help the SP even though it is aware of the turnaround, then logic dictates the company do not want the SP to move too far.

Why? Well, there can only be a few reasons other than they are all going senile. Management buy-out? Unlikely, no need for the Hardman Report, they could have done that at .300, and we already know that the board are getting on in years and looking to retire.

A joint venture or sale would require a deal agreed at a set price and this WOULD mean ensuring that this was not exceeded at the time of agreement. If a deal was agreed at 2p for example and we rocketed on news, it would be likely we would exceed the offer, which would not be acceptable to shareholders to sell for less.

Expect a major, share-price moving announcement at or around the consolidation day!

good afternoon potatohead
At the moment while the bid dropped the offer has not and quite a large spread could it be a large buy or sell

spoke too soon on the offer , but like your post potatohead piece by piece the jigsaw is coming together

thanks Keith

have you noted also we get sell offs in the morning and then someone buys it all up in the afternoon, clearly its to do with the USA, it has been like that for a couple of weeks now.. Teton def buying up stock on the cheap

seymore pierce, mergers and aquisistions

They are the house broker i think so they would be one of the first in the know maybe to start advising their clients

Keith

I am going to give SP a call, and fish

and three large buys at close..

Hoods are holding 28mil shares as of today

wont take long for those to be eaten up

Ok thanks for that

keith

Well today is was terrible.. war having an impact on the SP is not good, what is even more stupid is SER are nowhere near the war zone, neither are some others and they all went down and oil prices went up.. are the mm's pulling our legs or what, if oil goes up surely so does the value of the company that has oil..

MM manipulation has to stop on the aim... some are way overdone.

I still say this is a stinking buy with a potential 1000% return.. someone is def soaking up the sells from the moring in the afternoon, my theory appears to be proven as I have been correct every day so far..

good luck seftoners

I am amazed nobody has picked up on this except 3 of us.

I am with the three on you. for a company to considate 15:1 questions straight away a take over bid, this looks interesting!

I think the real let down thou, is not one share magazine has done a tip on these

Think about it why would a share mag tip a share before the total number of shares reduce 15 fold form about 1.4 billion to 93million it wouldn't not make sence? have i worked this out right? after consoldation you bet a share mag will tip it to get the share price going as less shares but at a higher/confident price not 0.6p

Mine Man - 19 Jul'06 - 09:21 - 15987 of 15988


Interesting bit about Teton's assets, they are concentrating heavily on the Piceance Basin, I don't think they will be getting anything out too quick there, so it may well be that an additional and rapidly obtained income to ensure that 50milion dollars is put to good use would be a consideration.

02-10-01 Few outside of Colorado have heard of it. Even fewer can pronounce its name. Workers toil on the Nabors 909 gas-drilling rig 1 mile north of Interstate 70 in the Piceance Basin. The basin contains buried gas in a quantity so vast that it defies imagination. Yet Colorado's Piceance Basin is one of the nation's biggest reservoirs of natural gas. One day, it may become the nation's largest gas supplier, if producers can find economical ways to unlock the basin's captive treasure.
It's pronounced PEE-awnce, and its public profile is low compared with that of other large gas discoveries. The media lavish attention on some of the Rockies' major coal-bed methane plays, making household names out of Wyoming's Powder River Basin and the San Juan Basin in southwest Colorado. But the Piceance in western Colorado is bigger -- much bigger -- than any other gas discovery in the Rocky Mountain region.

Southern Union Gas drilled the basin's first producing well in 1955. But development was slow as geologists struggled to draw gas from the low-porosity rock that characterizes the Piceance. Still, its buried gas is a quantity so vast that it defies imagination.
Give it a try, anyway. Imagine a space the size of the Pepsi Centre, filled with natural gas. Now multiply it 5 mm times. That's just a conservative estimate. Other credible professionals say the Piceance's total gas resource could be 10 times greater.
"It's very big," said Ken Wonstolen, senior vice president of the Colorado Oil and Gas Association. "And it will become a bigger and bigger player as time goes on."
The US Potential Gas Committee, a prestigious academic- and industry-led group based at the Colorado School of Mines, rates the Piceance Basin's potential resources at 31 tcf, including the Uinta branch of the basin that extends into eastern Utah. By comparison, the committee estimates that the Powder River Basin's coalfields have 24 tcf of methane gas trapped within their seams. San Juan Basin's coal-bed methane resources are rated at 10 tcf. US consumption is about 22 tcf each year.

The 6,000-square-mile Piceance Basin straddles the Colorado River and Interstate 70 in Garfield and Mesa counties, with portions extending northward into Rio Blanco County and south into Gunnison and Delta counties. Its name comes from an Indian dialect, translated as "tall grass." Consider the basin in consumption terms. Colorado residents and businesses consume about 350 bn cf of natural gas per year. The Piceance, using the conservative estimate from the Potential Gas Committee, could supply the state for almost a century.
"The Piceance could end up being the biggest natural gas field in North America," said Fred Julander, owner of Denver-based Julander Energy and a long-time observer of Colorado's natural-gas sector. Julander estimates the basin's total gas accumulation could be as much as 100 tcf -- enough to supply Colorado's needs for 280 years at current consumption rates.
"It's a world-class project, no doubt about it," said Ted Brown, director of Williams Energy's Piceance Basin Asset Team, the largest producer in the basin. The rub, however, is that not all of the supply can be recovered.

As with petroleum fields, some of the oil and gas can be produced easily, some with difficulty at higher costs, and some that probably never will be tapped because new energy resources will make fossil fuels obsolete. Natural gas costs will drive the Piceance Basin's ultimate stature in the gas industry.
So far, low gas prices have stunted development. Drilling increased in late 2000 and early this year when prices briefly spiked at $ 10 per thousand cf. Now, slack demand and prospects of a protracted economic recession have pushed gas prices back to about $ 2 -- a marginal level at which some producers can make money in the Piceance while others will be less aggressive in new drilling.
Experts see its potential developing more fully in coming years as Americans consume more natural gas, especially to fuel turbines for generation ofelectricity. Technological advances in exploration and production should make extraction easier.

The Piceance has had its brushes with fame, but energy production never took off. The US government exploded nuclear bombs 1 mile underground there in 1969 and 1973 in an attempt to shake loose locked-up natural gas. However, the ill-fated efforts at Rulison and Rio Blanco yielded nothing but a small quantity of radioactive gas.
The plan was part of the federal government's "Project Ploughshare," designed to use up much of its aging nuclear arsenal to demonstrate peaceful uses for atomic explosions. The first explosion at Rulison was three times more powerful than the atomic bomb that devastated Hiroshima. The second at Rio Blanco was seven times stronger.
Opponents were led by Dick Lamm, a young environmental attorney who later became Colorado's governor. They feared the explosions would crack the Earth's surface, lethally contaminate the nearby Colorado River and send deadly radioactive clouds over the Front Range.
Proponents imagined a powerful new technique for stimulating natural gas production. In the end, neither was right. The explosions occurred without the Earth cracking, but public opposition and poor results brought an end to the experiments.

Earlier efforts fell short In the early 1980s, the Piceance Basin was the site of a major effort to produce oil from enormous quantities of petroleum-rich shale that impregnates the Book Cliffs geologic formation. But just as the oil-shale plan started to develop, energy prices fell and the project collapsed, literally overnight.
On May 2, 1982, which came to be known in the Grand Valley as "Black Sunday," Exxon abruptly announced it was shutting down its $ 5 bn Colony Oil Shale Project, putting more than 2,000 oil-shale workers and support people out of their jobs, and depressing the western Colorado economy for years.
Exxon's departure became an entree for Denver-based Barrett Resources. Bill Barrett acquired most of the mineral leases from Exxon and other shale developers, then drilled his first gas well in 1984.
Barrett's geologists discovered that the gas was trapped in "tight sands," an industry term describing rock formations that are less porous than those in conventional gas fields. Producers often must fracture the tight rocks by pumping fluids and minerals underground at high pressure.
"The public hears a lot about the Powder River Basin because it's gas from coal and it's fairly easy to get out of the ground," said John Curtis, a School of Mines professor and executive director of the Potential Gas Committee. "But with tight sands in the Piceance, producing gas is tougher."

Completing a well in the Piceance Basin can cost up to $ 1.2 mm, compared with coal-bed methane wells that are easy to drill and can cost as little as $ 80,000. Despite the high costs, Barrett Resources, now known as Williams Energy Services after a merger two months ago, has drilled 500 wells, producing and selling 160 mm cfpd of gas.
Williams is the most active producer in the Piceance. A handful of others, including Tom Brown, Alberta Energy, Mesa Hydrocarbons, ExxonMobil and El Paso/Coastal, have a smaller presence. Williams is well suited to working the Piceance because the company has pipelines and gas-processing plants that serve the area. That keeps its costs down and allows it to explore and produce even when gas prices fall to levels that are uneconomical for other firms.
Half of Williams' gas is shipped outside of Colorado; much of the remainder is purchased by Xcel Energy for Colorado customers. Barrett's efforts have produced controversy as well as natural gas.

Residential and environmental groups objected last year when Barrett sought state permission to place wells on every 20 acres instead of its previously approved 40-acre spacing. The Colorado Oil and Gas Conservation Commission granted Barrett 20-acre spacing on some parcels but ordered that on other holdings, the firm use directional drilling from existing well pads to minimize surface land disturbance.
Williams plans to expand its Piceance Basin operations as long as natural gas prices remain at profitable levels. "The Piceance is going to become very well recognized," said Brown of Williams. "As long as prices hold, you have the potential for drilling to go on for many, many years."

Teton Energy Shelf Registration Statements Declared Effective by the SEC
DENVER, April 3 /PRNewswire-FirstCall/ -- Teton Energy Corporation (Amex: TEC) ("Teton" or the "Company") reported today that its universal shelf registration statement on Form S-3 (File No. 333-131451) and its acquisition shelf registration statement on Form S-4 (File No. 333-131450), were declared effective by the Securities and Exchange Commission ("SEC") on March 31, 2006.

(Logo: http://www.newscom.com/cgi-bin/prnh/20051007/LAF054LOGO )

The universal shelf on Form S-3 now permits, but does not obligate, Teton to sell, in one or more public offerings, shares of newly issued common stock, shares of newly issued preferred stock, warrants, or debt securities, or any combination of such securities, for proceeds in an aggregate amount of up to $50 million.

The acquisition shelf registration statement on Form S-4 permits Teton to issue up to $50 million of its common stock and warrants in one or more acquisition transactions that the Company may make from time to time. These transactions may include the acquisition of assets, businesses, or securities, whether by purchase, merger, or any other form of business combination.

The Company stated that it has no immediate plans, commitments or agreements to offer any securities pursuant to either registration statement at this time, but believes the shelf provides flexibility to quickly respond to opportunities in the future. The terms of any future offerings would be established at the time of the offerings and described in a prospectus supplement filed with the SEC. The Company expects to use all or portions of these shelf filings to make opportunistic acquisitions that will have a positive and accretive value increase on its existing assets. The Company expects to target, among other things, resource plays similar to its existing Piceance and DJ Basin projects, as well as divestments of assets from other companies, private company acquisitions, and public company acquisitions.

morning all
potatohead nice post's . A the moment teton seem to be the key they made an offer once ( stated at the agm ) are they not interested any more or raised some money for a take over or joint venture. But at this time we can only speculate welcome argos7

thanks Keith

focus on this paragraph

The Company expects to use all or portions of these shelf filings to make opportunistic acquisitions that will have a positive and accretive value increase on its existing assets. The Company expects to target, among other things, resource plays similar to its existing Piceance and DJ Basin projects, as well as divestments of assets from other companies, private company acquisitions, and public company acquisitions.

Yes look's like teton are after opportunistic acquisitions. and stated in the hardman report ser have a lot of CBM. The s/p a little blue at the moment although a 1millon sell just gone in

thanks keith

yes, like i said, the morning is the sell time.. for the overhang, and then someone from the states is swooping in and buying it all up, look at the last 3 weeks, its been like that every day.. I reckon the overhang should be cleared any day now, my reckoning is friday we will see a large spike up

let the buying begin... and the SP RISE ;-)

Can anyone tell what this overhang of shares is?

your a bit late, the overhang has virtually gone now.. L2 has just gone up

Marcel, if you want to know about the overhang, go the the Ad fn BB and read all about it.. there was about 100mil shares overhang, but its being bought up according to the AGM just gone by pals of the directors

you cant loose on this one

Thankyou

No problem, how many did ya get.. a big bag full ;-)

Wonder when the RNS saying that Teton have become a majority share holder in Sefton will be released then. Maybe never if this thread is a load of hot air!!

I dont think its hot air, not with the statement made at the AGM about Teton already made an offer but it was too low

good morning all
even yesterday sell's outstripped buy's and we still had a small rise i think L2 was 2 to 1. Today we have just came in L2 3 to 1 seyp.scap,and wins all on the bid interesting
thanks Keith

Agreed, looks like its getting ready to head north

keith new rumour Sterling Energy after SER shares.. bidding war perhaps ???

hello potatohead
Cant say i have heard anythink about that it, maybe someone on another site getting mixed up with an epic saying seyp are collecting . Sterling energy are epic SEY anyway thanks
Keith

activity picking up.. this is really getting interesting.. wonder when we will get an update on the stake builder

by my calcs there are now only 16mil shares left of the overhang.. tomorrow could be a very very exciting day

Stake builder? what 10 million shares = 50K
Hardly a fortune.
we need to see trades of 10-20 million at a time before we can get too excited !!
a bit too much rumour and not enough evidence for me .

Yes at the moment L2 3 to 1 these sell's are being eaten up by the m/ms and the bid still solid, the overhang can be taken very quickly and then as they it's Game on

keith

and look, mr afternoon buyer is buying again... every single day now for 3 weeks he has bought up all the stock that gets sold

TAKEOVER DEFINATELY IN THE OFF HERE

good afternoon all
potatohead just take a look on teton's website about a recent press release, it maybe nothing
keith

I think today is the last day to buy cheaply chaps.. the time is NOW!!!!!

STRONG BUY

KK, how about you post it mate

IF THE TIME IS NOW HOW MANY ARE YOU BUYING?

All the sells that are going through at moment are they the so called overhang?

I believe so. there must be a huge buy going through today

KKeith can you tell me what Teton's lastest press release was?

here it is, but they removed it from there website once we had cottoned on to them buying SER

Teton Energy Shelf Registration Statements Declared Effective by the SEC
DENVER, April 3 /PRNewswire-FirstCall/ -- Teton Energy Corporation (Amex: TEC) ("Teton" or the "Company") reported today that its universal shelf registration statement on Form S-3 (File No. 333-131451) and its acquisition shelf registration statement on Form S-4 (File No. 333-131450), were declared effective by the Securities and Exchange Commission ("SEC") on March 31, 2006.

(Logo: http://www.newscom.com/cgi-bin/prnh/20051007/LAF054LOGO )

The universal shelf on Form S-3 now permits, but does not obligate, Teton to sell, in one or more public offerings, shares of newly issued common stock, shares of newly issued preferred stock, warrants, or debt securities, or any combination of such securities, for proceeds in an aggregate amount of up to $50 million.

The acquisition shelf registration statement on Form S-4 permits Teton to issue up to $50 million of its common stock and warrants in one or more acquisition transactions that the Company may make from time to time. These transactions may include the acquisition of assets, businesses, or securities, whether by purchase, merger, or any other form of business combination.

The Company stated that it has no immediate plans, commitments or agreements to offer any securities pursuant to either registration statement at this time, but believes the shelf provides flexibility to quickly respond to opportunities in the future. The terms of any future offerings would be established at the time of the offerings and described in a prospectus supplement filed with the SEC. The Company expects to use all or portions of these shelf filings to make opportunistic acquisitions that will have a positive and accretive value increase on its existing assets. The Company expects to target, among other things, resource plays similar to its existing Piceance and DJ Basin projects, as well as divestments of assets from other companies, private company acquisitions, and public company acquisitions.

hello Marcel1970
It was nothing i went back to check something but it was nothing to do with us sorry about that
keith

The Company expects to target, among other things, resource plays similar to its existing Piceance and DJ Basin projects, as well as divestments of assets from other companies, private company acquisitions, and public company acquisitions.

potatohead it was not that statement but somethink else anyway i did hear about a similar statement being removed of another b/b, the site removed it. Yes you are correct about this being removed from teton's website also somethink has been removed from SER website but don't know what is was
thanks Keith

what was removed was the statement of JV.....

I tink tomorrow is looking very very good..

good luck seftoners. I see Shares mag again missed the opportunity to tip this. silly buggers

early rise today.. could this be the beginning of heading for 3.5p ;-)

I tink so

Good morning all
Morning potatohead L2 seyp,wins on the bid and hoods,scap on the offer and yes a small rise on such small volume Mmmmmmmmmm
Keith

kkeith l2 please?

I think we have to wait for the afternoon, its so annoying

LOOKING GOOD

Is consolidation from next Friday?

Not sure why all the fuss today, since any buy-out from Teton surely won't materalise until after the share consolidation on the 31 July.

yes... but they are cheap now, why pay more later... let the late monkeys pay more.. I am only trying to alert this., as it does make sense that a takeover is more than likely to happen

hello somjit
L2 at the moment bids seyp,wins 0.48 and hoods 0.53 on the offer next offer scap 0.55
keith

this avo.. more buys as usual ???

Potatohead if SER is under valued why are the overhang shares being sold would it not be better to sell when they gone up?

its called taking advantage of the share situation

kkeith sorry to bother u again any chance of l2 again thank u. trying to buy 500k on line but cannot do.

I wonder why you cant buy

somjit L2 bid seyp,wins 48 and hoods 53 on the offer not much changed
keith

i can only buy 150,000 but im sure you could pick up 500k if you clicked dealer button.

call your broker.. I dare say its premium time now, my guess is overhang gone and any large buys now will tick the price up

pota u tell me? do u think its because a bid is forthcoming or what? maybe its because there is a large order going through, buy or sell. still i will wait, had the same problem yesterday, but got what i wanted in the end.

well 500k buy.. and probably more at close

1mil T trade... I wonder how many of those will show up tonight

If people want to talk about the potential sale of SER... this is the appropriate thread.

Potatohead,

selling when they are 3.5 is called taking advantage of the share situation .

Ald.. I saw your comment to Pothead.. is 3.5p not the upper price, that would not be an advantage price now would it

Why would anybody want to sell now? how is selling now taking advantage of the share situation ?

SAGEM - 23 Jul'06 - 08:30 - 16580 of 16592

ITS NICE TO KNOW WHO THE BOSS MAN IS AND IN CHARGE OF OUR INVESTMENT :-
NOTE THE PIECE.......................mergers and acquisitions,


Sefton Resources, Inc.
www.seftonresources.com/about/management.asp
Published on: 5/31/2006 Last Visited: 5/31/2006

Jim Ellerton Chairman and CEO

Jim Ellerton is Chairman and CEO of Sefton Resources, Inc., which is headquartered in Denver, Colorado.

Mr. Ellerton is a geologist and one of the founders of Sefton Resources, which was formed in 1994. Mr. Ellerton has over 25 years experience in the development and evaluation of oil and gas prospects throughout the major basins of North America. He is responsible for business development, screening mergers and acquisitions, funding and shareholder relations. Prior to starting Sefton Resources, Jim was successful in the financing and development of smaller oil and gas companies.

Born and raised in England, Jim started his education in London and graduated from the University of Toronto with an Honors Bachelor of Science Degree in Geology. He now resides in Denver, Colorado and is also president and founder of the Arctic Cultural Institute of The United States of America, a nonprofit organization that supports the art and culture of the Inuit.

on the up... looks like overhang has gone

is it my L2 gone wrong or are hoods now no longer showing

if they have gone.. great news.. means overhang gone

this afternoon will be interesting, if hoods are out and we have some buying as the norm we should in theory start going up..

getting extremly excited 3.5p sooooon!!!!!!!!!!!!!!!!!, then consolidation

Whats happened to the 11% Rise!!!

It was never a rise,it was the spread increasing to nearly 30%

Fecking hoods came back online, apparently they had problems with there system this morning, so any poor bugger that paid 0.006p this morning has just been stuffed by them.

I am furious about this, this is market abuse and nothing else

Do you know why the spred was so wide this morning?

I think Potatohead has just answered my question

Potatohead do you you know how many share Hoods have left?

NO, BUT NOT MANY

if any of you have bought this morning I would seriously ring your broker and complain to the highest level.. its scandalous

why is it ??,it happens all the TIME!!

a lot of activity today, I can only assume activity will increase all week

Buys almost equal to sells,nothing like the activity when they reached .80 few weeks ago

yes.. but did you see what offer closed at ;) .0065p.. we are going up!!!

No not .65

.51

thats what it closed at yesterday on Moneyam.. dont understand this, its bloody rediculous, we should be well up now

this is rediculous, small amount of selling and they drop the SP, there is also expected news this afternoon.. hmmmmm

getting peeved off with hoods big time as they are the ones driving this down

potatohead

If this is worth more than the current SP, then eventually it will go up. If it aint then down we go. Market sentiment at the moment would seem to suggest it isn't, the Sells keep rolling in. I have no idea if Hoods are trying to obtain cheap stock by holding the price down to fill a large order or it is a symptom of investors just selling, full stop. There are always conspiracy theories concerning MMs, best to just chill and wait and see what happens. As a PI you only get half the picture, if that!

pth

as PI you only get half the picture.. we should all have the same picture.. otherwise its not a level playing field

Of course it isn't a playing field, that's the nature of the game.

i'll get some cement then shall I

http://www.teton-energy.com/

Certainly no sign of an overhang at the moment, you can only buy 50k on line, but sell 1.25M. Tells its own story

pth

Edit: And a small tick up as I typed. If there is a large order being filled then a drop on the bid would make sense, try to get some cheaper stock, which appeared successful. Interesting :-)

Managed to get a bit more stock and shoved the Offer up now. fun and games :-)

wish they would let the bloody thing go up, we all know its going to 5p

Probably about 8.25p after consolidation ;-)

more like 50p after consolidation.

this should start to rise from tomorrow if my theory is correct

Mine Man - 26 Jul'06 - 09:25 - 17181 of 17181


Things have got to be even better than predicted I reckon, and this alone is impressive enough to ensure good news on the way - TEG Oil & Gas USA, Inc. made great strides forward during 2005. The key to this success was the drilling of five new oil wells in the Tapia Oil Field in Southern California. TEG Oil & Gas,USA Inc.has long believed in the undeveloped oil reserves of this field. Oil production from these wells not only exceeded the engineering studies that outlined the potential, but bolstered the reserves for this field. The long-lived reserves appear typical of many California oilfields and we therefore continue to be very enthusiastic about our California oil and gas development.

The new oil development boosted production from an average 20 BOPD in the first six months of 2005 to an average of 180 BOPD for the last six months, which is a nine-fold increase. Gross revenues increased during the same period from an average of $30,000/mo. to over $288,000/mo, while lifting costs were reduced to less than $8.00/bbl.

Extremely wet conditions in California during the winter months meant that the drilling programme originally scheduled to begin in February did not start until May. It took seven weeks to complete at a cost of just over $1.8m.We assembled a top-notch team to engineer and drill these wells and this paid great dividends with increased levels of safety and higher than expected oil production rates.

The facilities at Tapia were adequate for producing and separating low volume oil at pre-drilling production rates. They were not, however, adequate to handle the nine-fold increase in production. It was not possible to justify capital improvement prior to seeing the drilling programmes results. Once the results were in, however, the field operations team worked seven days a week to install the equipment necessary to produce oil at the new rates.

Additional improvements are planned for 2006 that will include the realignment of the water injection system, tank repairs and the completion of an improved gas recovery and flare system. The updated facilities will handle increases in oil production rates from planned new wells and from cyclic steam operations.

As a result of the successful drilling programme,TEG Oil & Gas USA, Inc. has identified at least nine additional new well locations for drilling at Tapia with limited risk.These include two locations on the Hartje lease,three on the Yule lease, three on the Snow USL lease and one on the Lackie USL lease. Drilling rig availability, which is very tight, will be key to the timing of these future plans, once proper permits are in place.

Had a look at the on line limits this morning.

True spread is 0.50 v 0.55
Can only buy 150,000, but sell 1.2M.
Any sustained buying today should see a tick up. Still think the so called overhang is gone.


pth

Following my last post, the Bid is now 0.50p. Definately no overhang.

ORCHATHEELEPHANT2 - 26 Jul'06 - 10:45 - 17229 of 17229


http://www.oil-barrel.com/advisers/hardman/julymonthly.pdf

Sefton Resources. We published our initiation of coverage note on Aim
quoted E&P Company Sefton Resources in late June and caused quite a
stir in the market. The shares reacted sharply, closing up over 130% on
the day in response to our note. This is unsurprising given the companys
high growth potential and low risk profile.

SEFTON
RESOURCES
Sefton Resources is new to
our coverage. An
independent AIM quoted
Oil and Gas Company, it
operates in the US with
exclusive rights over two
producing oilfields in
California. Sefton is
operating profitability and
with continued development
drilling in California it
should see significant new
revenues generated this
year.
Since our initial note,
Sefton has disposed of its
Canadian operations for
CDN450k in cash as
management continues to
focus on upping its core
assets in the USA.
As the Californian
operations are operating
profitably, the proceeds
from the Canadian sale are
being re-invested
into Sefton's new coal bed
methane (CBM) program
and will be used to acquire
new CMB mineral leases in
what we anticipate will
prove to be a highly
prospective asset packet in
Kansas. We look forward to
Sefton progressing its plans
to begin feasibility testing
in Kansas in due course.
Operationally, since our
initiation of coverage note,
Sefton has completed
renovation work on the
wells at Tapia. We
understand oil production is
at full capacity from the
current wells with
operations running
smoothly.
Please call for a copy of our
initiation of coverage note
published on 23 June 2006.

SEFTON RESOURCES

Sefton Resources is new to our coverage. An independent AIM quoted Oil and Gas Company, it operates in the US with exclusive rights over two producing oilfields in California. Sefton is operating profitability and with continued development drilling in California it should see significant new revenues generated this year.

Since our initial note, Sefton has disposed of its Canadian operations for
CDN450k in cash as management continues to focus on upping its core assets in the USA.

As the Californian operations are operating profitably, the proceeds from the Canadian sale are being re-invested into Sefton's new coal bed methane (CBM) program and will be used to acquire new CMB mineral leases in what we anticipate will prove to be a highly prospective asset packet in Kansas. We look forward to Sefton progressing its plans to begin feasibility testing in Kansas in due course.

Operationally, since our initiation of coverage note, Sefton has completed
renovation work on the wells at Tapia. We understand oil production is at full capacity from the current wells with operations running smoothly.

LOOK OUT FOR AN RNS TODAY.. LOOKS POSITIVE

potatohead

Just a bit of friendly advice.

A clear sign of ramping or pump and dumps is the creation of multiple threads on one company and the appearance of new posters extolling the virtues of said company. Normally lots of cut and pastes from other boards and gleeful shouts of 10p by Xmas!! The majority of posters on this board are well aware of this technique and will steer well clear of any company being supported by such muppetry.

In your attempts to draw attention to SER, you are probably achieving the exact opposite of your aim. Let's just stick to one thread and the facts shall we?

pth

yes sorry, but its looking good, we are all expecting to to be 10 bagger in a short period of time as its totally undervalued and the mm's know it

just read this valuation just recently out

http://www.hardmanandco.com/Research/Sefton_June_2006.pdf

Mine Man - 26 Jul'06 - 13:20 - 17328 of 17329


Phasis Consulting (Phasis) is pleased to announce the completion of its study titled: The New Face of Coal: CBM an Emerging Supply Trend prepared by Bettina Pierre-Gilles, chief economist of Phasis. The study provides readers with an economic assessment of the market, price, supply and demand as well as key statistics of CBM (coalbed methane) development in Canada, which while still in its infancy, is growing substantially.

As of December 31, 2005, a cumulative total of approximately 6,500 CBM wells were drilled in Alberta; of those, about 2,500 are actively producing CBM. Almost 90 per cent of those producing wells are located in the dry Horseshoe Canyon and Belly River coals. Another six per cent are producing in the Mannville coals, the most recent commercial CBM play in Canada; and three percent of the wells are in the Scollard (Ardley) coals. Other areas within Alberta, British Columbia and Nova Scotia are also being evaluated for their CBM potential.

this is it, we are about to rocket

on the move

I think the overhang as all but gone, maybe that is why they are having the consolidation now.

yes and few more other reasons

jesus pot head, give it a rest mate, its all coming up very nicely, should start to gather momentum now

Despite my kindly advice to spud, looks like we (he) is still getting carried away. Get a grip for gawd's sake!!

First suggestion is let's stick to one thread, this one will do as the information in the header is the most recent. One suggestion though Evil One, please paste a chart or two into the header.

Second suggestion is stop ramping the arse out of SER, it will live or die on its own merits.

Having been out all day, just having a look at the trades. Some chunky buys still going through, which must be applying considerable pressure to the SP. I do believe we are at the start of something of a run, but a RNS is required to confirm someone is buying up the stock. Certainly the on line limits do suggest that filling any sizeable PI order is difficult. I would expect (hope :-)) continuing rises for the remainder of the week. Fingers crossed.

pth

was the spud not crazy on mrp 1 by ;yesteryear

and its still rising... this is a pheonix

strong buy

Bid / Offer prices all over the place this morning.
Hoods primarily on the Offer
Wins just dropped off the Bid having secured a 200k sell at 0.60p, hence the recent mark down (1249) to be replaced by SEYP. Ceratinly no great uregency being displayed by any of the MMS to either obtain or dispose of stock.
Seems to be a bit of a waiting game now.

pth

Reasonable volume for the day. Nothing to be read into MM activity with the exception that WINS were mainly responsible for the movement of the Bid / Offer, doing what they are supposed to do, make a market and money.

pth

seriously up move tomorrow

yes today must be the day

Can't see any real reason for the rise this morning except that SCAP have joined WINS on the Bid. Both looking for stock obviously, when they get some and it looks as if they are, wouldn't be surprised to see a tick down.

Can't quite work out why today is so important, but WFDIK?

pth

There we go WINS off the BID, HOODs are not shifting stock at 0.68 so they've dropped the Offer. Both at the same time, spooky that!

pth

wait for this afternoon, I reckon we will see a major lift

I waitded for this afternoon and can't beleive is fallen 14% WHY???
is the consolidation from close of today?

What a sell off? What's happening here?

It will be interesting to see what the sp is Monday following 15:1 consolidation...

Far too much expectation due to the forthcoming consolidation of some magical rise in the SP. What nonsense!! Wasn't in on Friday afternoon so unable to watch MM activity on Level 2, but I certainly didn't see anything last week to indicate SER is about to take off. Also expect a further fall following consolidation, although not sure by how much. Time to sit back and relax, or sell if patience is not in your character.

pth

I'm glad I didn't purchase...

The Friday fall coincided with the bad news on EME, so there is a possibility of people selling SER to cover EME margins..........in which case it could suffer again next week. Time will reveal all.

There had been lots n lots of talk on other boards of a significant rise in the SP prior to consolidation. The rationale for this train of thought, I must admit, was quite beyond me. Perhaps when it became evident that this wasn't going to happen, the short term traders, banking on a quick profit have bailed out, precipitating the fall. Other than that, nothing much has changed. SER remain a small producer with possibilities of CBM yet to be factored into the current SP. Not convinced that EME news has any relevance.

pth

pth. I agree we haVe had 2 weeks of exitment from the pump and dump brigade.same as around agm,17million shares traded friday not yet a mass sell off,i thinking more drop on monday and a few stop losses may be trigered,then there may be chance to buy on the cheap. hoping ser can get some new drilling started september - october ,that should start a new up trend.not sure there is any money in cbm could just be a new black hole that sucks in cash. holding eme,alk some of my bigest losses.

cellby - your money, but IMO, get rid of EME albeit that you crystalise a loss rather than pretend it's not there

when the offer goes up and the bid stays the same does that mean the MMs are trying to get people to buy or sell? it looks like i am a .25 better off but not really cos i will still only get 6p as a bid sp.

this hypothetical as i have no intentions of selling for a long while,
Alex

Huge rise today.

hyyeo98-----1 for 15 consolidation from today, infact the sp is down atm.
2517

oh...ok thank u

The old bid price is about 0.47

For some reason can only sell 1500 of these. Really looks like a takeover is coming doesn't it!!

good morning

Sefton Resources Inc
01 August 2006

SEFTON RESOURCES ('Sefton')

OPERATIONAL STATEMENT

Sefton Resources Inc, reports that first half results to 30 June 2006 will be
announced towards the end of September. The results are expected to show
continued progress, as the Group maintains increasing revenue generation that
was started in the second half of last year.

Production for the first six months of the year at TEG USA (a wholly owned
subsidiary) was somewhat affected during March, April and May by one of the new
wells needing repair work, as this had not been completed correctly when
originally drilled. Production has now returned to previous levels and the Group
has also taken the opportunity of having a workover rig available to undertake
work at its other wells within the field. Surface equipment at Tapia has
continued to be replaced and repaired, increasing its handling capacity by
approximately 2,000 barrels. The infrastructure, all tanks, pipes and lines etc
are in place and comply with the stringent California regulations.

As previously announced Sefton's wholly owned subsidiary, TEG Canada has now
been sold for $450,000 CDN. The proceeds will be used primarily to advance the
group's projects in Kansas.

In Kansas, TEG Mid-Continent now holds 34,000 acres - 27,000 in Anderson/
Franklin and 7,000 in Leavenworth. The majority of the leases are for 5 years
with an option to renew for an additional 5 years. The leases, although mainly
Coal Bed Methane gas prospects, also have conventional oil and gas potential.

Anderson/Franklin counties' 27,000 acres are mainly a Coal Bed Methane (CBM)
play. There are a number of existing shut-in wells in the area that could be
re-entered to test. In addition, existing pipelines together with several pilot
CBM programmes are available to exploit the area's potential.

Leavenworth, east of Anderson/Franklin counties, with 7,000 acres of leases,
should be the easier to open up through available gas pipelines and a number of
non-producing wells within Sefton's leases.

The Directors believe that all of the above provides the Group with the funds
and the cash flow to move forward in the future.

For further information, contact:

John James (Jim) Ellerton, Chairman & CEO Tel: 00 1 303 759 2700

Jeremy Delmar-Morgan, Director Tel: 020 874 84066

David Millham, Investor Relations Tel: 020 779 69999


This information is provided by RNS
The company news service from the London Stock Exchange

Roll on 50p

More or less back to pre-consolidation price now, following yesterday's dip. Quite an encouraging Statement. Probably have to wait until September for any real movement in the SP. Let's hope the news is just as encouraging then and that the movement is up rather than down!

pth

Incidentally L2 3v2, so reasonably healthy. MMs looking for stock, hope they are desperate, might drive the SP up :-)

pth

Looks like the rampers have done a runner. Guess there wasn't much profit to be had afterall in the short term.

I shall just have to talk to myself, at least I can't start an argument that way ;-)

Still good volumes going through, which is encouraging. Maybe SER will buck the trend of stocks falling following a share consolidation? Results in Sept will be interesting, nad hopefully provide longer term value to the SP.

pth

ptholden
Your not talking to yourself I'm reading and still on these long term till we hit the 50p

Hello Driver,
Common sense poster replacing ramping :-) What is the SER world coming to?
Or would that 50p target be considered as ramping?
Who cares? I'm in for the long haul.

pth

Anyone know if the workoVer rig is just for 5 wells from last year,or are ser going to haVe ago at some of the old wells on there acerage.If we can get bopd up to about 600 50p should be on for this time next year.

Still here too and very nice to see the rampers have done a runner. Nice also to see within this BB noone really seamed to get fooled in.

Sorry, don't really know for sure Celby, the trading statement just says 'at its other wells within the field'. I guess from that you could infer it means all of them, but to be sure you would have to ask SER the question.

pth

Ask them! Gary @ Sefton (contact@seftonresources.com) seems to love that kind of question.

What we need now is a decent run on production so they can get the bopd up a bit. Would be nice to see these push past 10p very soon.

Can anyone enlighten me towards the 15 to 1 consolodation. Am i right in saying that the shares are currently cheaper than prior to consodation?


Cheers

Probably ...... perhaps more to the point, there may be support at 7.55 as sp hits 50 dma

CRITCH16
I think the 7.5 = about .48 to .55 but don't worry about it when they get to 10p and beyond pre consolidation will all be forgotten sorry for the ramp.

driver ..... u may be right, but if buying, i would hazard a guess that sp will slip back to 7.5p before it rallies (one hopes)

I was anticipating that hence why i havent bought in yet;)

My view is that it will drop even lower perhaps 7p ish or there abouts which is where i hope to enter.

I will monitor the situation closely.

Many thanks for your replys.

Personally, I don't think you can apply traditional TA to SER at the moment. The 15-1 consolidation has moved the stock into a different arena. Sub 1p stocks have a peculiar attraction; for some reason there is a belief that a SP will double from 0.5p to 1p with far much ease than a SP will move from 10p to 20p. Additionally, investors like to hold 'x' million shares for a relatively small cost rather than 'x' thousand shares at the same price. Hence the oft visible volatility in such stocks. Ergo, my belief that historical TA for SER is currently worthless!

I fully expect SER to whipsaw between 6-10p until the Interims sometime in September, at which point I also expect sub 10p to be a thing of the past. For those who haven't it is well worth reading the Hardman report and visiting the SER web site. We are investing in a PRODUCING oil company, with proven reserves and positive cash flow. This is not a VOG or CHP or GOO who have yet to produce a gallon, this is a company knocking it out on a day to day basis. The daily production will increase, with huff n puff teqniques implemented and even more so when the additonal 9 wells are drilled and become fully operational in the Tapia field. This revenue doesn''t even begin to address the CBM prospects, which as the Hardman report states, could eclipse the revenue from the two oil fields.

There should be significant upside to SER over the next few years and personally I feel a lot more comfortable holding shares in an oil producer rather than an oil explorer.

(Incidentally, I also hold shares in GOO).

All IMHO of course, please DYOR

pth

ptholden
Very interesting post as you know I also hold GOO and was wondering which one to top up on, thats a good point you make about SER being a oil producer rather than an oil explorer and with a smaller M/Cap so it looks like SER has it this time round.

Thanks pth for your comments. As it so happends i also hold GOO but at a loss the now. Hopefully we will see or efforts rewarded in time!

Thanks All

pth---I had a speculative punt on SER and I hold other oilies including GOO,PET,CHP & PELE, but SER is the one with less invested and being near breakeven I now feel if there is weakness around 6-7p I will bolster my holding. Hardman report was a good read. Incidentally your 1st paragraph is spot on.
2517

Nice to see the rampers have faded away. Long may it last

Haven't looked in for a day, but I come back to find that the other SER thread has got above this one. I actually find the headers on both out of date and if there are no objections, I'll start a more current affair, including a chart or two.

Didn't see the fall yesterday, but a nice rise today to get us back to where we were.

pth

plese do pth

Are we going to close this thread and go over to pth's new thread ?