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

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