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

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 :-)