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

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