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

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.