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

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!!!