I hold SER and will continue to do so. I am currently holding at a loss too. Cynic's comments don't offend me or make me want to SHOUT!
I invested my money by myself. I value Cynic's comments and the fact he is prepared to go against the general consensus of the BB. I don't believe for a minute that his intent is to state the obvious[that's normally my domain] or to cause offence merely to offer a counter argument for consideration.
Each to their own I say
Alex

thanks Alex and exactly that ....... i too manage to lose money with the most accomplished!

I bt a few SER because, though really too small, it is actually pumping oil and also because there is a very loyal following so that every day someone posts so maybe there is something here after all

And don't forget that, although the 3m market cap might suggest a low level of funding, it has access to a $15m credit facility at 4.5% interest. The bank clearly thinks there's something here as well.

Hey guys. Hope your all well. I haven't posted for a while, just soooo busy right now with end of year screaming towards us.

I've been reading back through a few posts and have a question.....

halifax - 04 Nov 2008 13:06 - 2127 of 2151
CWMAM shown as a sale, what are the mm's up to?

Isn't that illegal? Surely if a buy is being shown as a sale then thats manipulating the market? that can't be legal???

Rhino, financial sites such as MAM and ADVFN automatically place the trade as a buy or sell dependant on the Bid/Offer at time of reporting. No manipulation, no legality issues.
Which is why the Buy/Sell data is mostly worrthless.

If the sp is oversold (and presumably the MM's haven't got enough of them) then they are happy to increse the sp. In that case you'll find the sp is actually ahead of the buys which makes the subsequent buys look like sells and of course all vica versa. If you can pick it, it is a way of making money quickly because you know the MM's are pushing the sp up. However, in this market there are a lot of red herrings which make it very risky and the MM's know that.

Hope that helps.

dd, what on earth are you talking about? The issue is simply one of buying within the spread and the software, financial BBs employ to report the trades.

I've seen it happen pth when a share is oversold.

Happened a few weeks ago with CFM when the sp jumped from around 2.5p to 6p over the course of a couple of days. All the trades coming in registered as sells because they were at the bottom of the spread yet the sp went up over 100%.

Unless you have better info, I can only assume the sells were infact buys.

Any news out there?

.

No news am afraid, makes me now wonder what news can shift us

Not sure what price we are getting for our oil, but it must barely be covering the wages

Another all time low now, i would like to see us start the CBM project, for how long can we stand the low oil prices or a further drop in oil would make better to leave it in the ground

Why would anyone sell out at 2p now? Surely this is rock bottom.
Sellers here must be losing a packet.

wth?

At the moment shares are like a hot potato to the m/ms a 25000 sell 500 and the s/p down 10%
Still no up turn for us yet, is it time now for the management to try to draw a line under the falling s/p

Back to some sort of normal service------- fire sale over

Sefton Resources, Inc.
Operations and Trading Updates
December 16, 2008

Sefton Resources Inc, (Sefton) the AIM listed oil and gas production company
with assets in California and Kansas announces operational and trading updates
as it approaches its year end. Plans are progressing on the development of its
assets in both of these areas. Production levels have averaged approximately
5,060 bbl per month in the second half year to end November. The Company's total
revenues have been impacted by the substantial fall in oil prices but pre-
exceptional profits in pounds sterling at current exchange rates are little
changed from market expectations.

Sefton operates through its wholly owned subsidiaries, TEG Oil and Gas USA Inc
(TEG USA) and TEG Midcontinent, Inc (TEG)

OPERATIONS UPDATE

TEG USA

TEG USA has accomplished the following since Sefton released its interim results
in early September:

At Tapia

Successfully stimulated and re-completed the Yule #8 gas well;

Started the steam stimulation of the Snow #5 oil well on December 4, 2008
using Yule #8 lease gas. Steaming of the Snow #3 and Snow #4 will follow;

Signed a drilling rig contract with Kenai Drilling for a three well
drilling programme at Tapia with anticipated rig arrival in late December; and

Completed a new lease road on the Tapia Hartje lease that will allow the
granting of an access easement to a telecommunications company in respect of one
of the two mobile telephone towers, located on the Hartje lease.

At Eureka

Completed the follow-up geochemical field sampling over the Eureka Canyon
prospect area. Detailed infill grid samples are currently being
chromatographically analyzed.


TEG USA Production

TEG USA sold a gross total (before royalties) of 4,971, 4,924 and 4,269 bbl. of
oil during the month of September, October and November respectively. Other than
normal fluctuation and decline, the decrease in oil sales during November was
largely due to the servicing of two of the better oil producing wells at Tapia,
namely Hartje #13 and #16. Both wells had pump, rod and tubing changes and were
out of service for a total of 12 well days. Total oil sales in the second half
to date (July through November) are 25,172 gross barrels, averaging a little
over 5,000 bbl per month.

Tapia Canyon Field

Gas Well Re-completion

TEG monitored pressures and flow from the Snow #1 and Yule #8 wells following
the coiled tubing/nitrogen clean out of each. The Yule #8 responded the best to
the work and showed over 300 psi at the wellhead, however only a small amount of
gas flowed from the well when opened to the atmosphere before the flowing
pressure would drop to well below 50 psi and the well would die. However, after
shutting the well in, the pressure would quickly build back up to over 300 psi.

The well file indicated that the gas zone was originally completed over a 6 foot
interval using perforating guns at 4 holes per foot. TEG believed with these
few holes, the perforations could have easily been partially plugged by cement
from earlier bridge plug installation and /or the nearby formation could be
damaged from the well sitting for years before attempting long-term gas
production. TEG believed that re-perforating the gas zone would aid in
bypassing these issues. The addition of more perforations would also lower the
gas velocity through any individual hole and be a better configuration for
reducing the likelihood of sand production in the future. TEG subsequently re-
perforated the gas zone in Yule #8 using 6 holes per foot through-tubing guns.

Cyclic Steaming

The steam generator was moved to the Snow lease well pad in early December. The
burner in the steam generator was then reconfigured for lease gas. Steaming of
the Snow #5 well commenced on December 4, 2008. The steam generator was
operated for four days at approximately 50% capacity in order to limit the gas
use to a moderate rate and thereby protect against gas well sanding and
plugging. The steam rate may be gradually increased to approximately 75%
capacity while monitoring the injection parameters. The steam unit is currently
burning 220 Mcf/day lease gas at the 50% capacity level.

On completion of the steaming of Snow #5, steaming of Snow #3 and Snow #4 will
successively commence using a programme similar to that of the successful
steaming of Yule #10, that is, approximately 4000 bbl steam equivalent followed
by a two week soak period. Flowline temperature for the Yule #10 (pilot steam)
well dropped down to near before steaming levels (approx. 90 F) near the end of
October (from 100 F in early October). This equates to an approximate 4 month
heat decline cycle from the 1 week steam injection and 2 week soak period.
Allocated production from well tests for the previous month of September was
calculated at approximately 25 BOPD, still nearly double the pre-steam baseline.
Well tests indicate that by the end of October, the Yule #10 production rate had
also returned to at or near the baseline rate. Overall, we consider this to be a
very good result.

There currently are eleven wells with newer completions and five older wells
that can be steamed. These wells account for approximately 97% of the current
oil production at Tapia. The remaining three wells have older downhole
equipment and would not withstand the temperature and pressure changes involved
in the cyclic steaming process.

Tapia Drilling Plans

TEG is moving forward to drill three wells in the Tapia Field anticipated to
begin in late December.

A drilling rig contract has been signed with Kenai Drilling for a three well
drilling programme. The wells to be drilled will consist of the following:
One Hartje lease oil well that will offset the successful Hartje #16
drilled earlier this year.

One Yule lease oil well that will offset the successful Yule #7 well to the
north.

One Yule lease dedicated gas well that will offset, along strike, the
stacked gas sands logged in Yule #7 to the southeast. The well will be drilled
and cased to the Yule oil zone such that it can be completed as an oil producer
with a small well servicing rig at a later time. The gas zone will be
perforated and a wire wrapped screen will be Frac-packed in place for sand
protection.

New Lease Road

The Company has completed a new lease road on the Tapia Hartje lease that will
allow Global Signal Acquisitions IV LLC ('Global') to acquire from TEG a
perpetual easement on the land currently utilized by Global for its cellular
tower located immediately south of TEG's Tapia oil field but within its fee
property boundaries. Upon execution of a mutually acceptable Grant of Easement,
expected during the current financial year, the consideration payable to TEG
will amount to a total US$375,000 payable in cash, of which US$300,000 will be
deferred into the first quarter of 2009. TEG does not foresee the Grant of
Easement as interfering with its existing oil and gas operations. The Directors
believe that consummating this transaction will maximize surface land use.


Eureka Canyon Field

Geochemical Survey Planning - The field work subcontractor for W.L. Gore,
Peregrine Ventures, has now successfully completed the geochemical field
sampling for an infill survey. Modules were collected and have been shipped to
the W.L. Gore laboratory for gas chromatography analysis. The resultant data
will be input into statistical model algorithms and a map of favourable
geochemical anomalies will be produced for the prospect areas. The original
survey had some sample loss due to animal interference in key areas. TEG and
Peregrine Ventures took steps this time to minimize the sample loss and were
successful by reducing the loss by approximately two-thirds. We await the
results of the work to assess the further development of the East Eureka
Prospect Area.

TEG MIDCONTINENT

TEG Midcontinent has accomplished the following since Sefton released its
interim results in early September:

A pilot 4 well Coal Bed Methane ("CBM") drilling programme in the
Anderson/Franklin County area of eastern Kansas was started on December 9

Acquired an additional 6,500 acres in the area of this CBM pilot drilling
project

Initiated a geologic study for conventional oil and gas prospects within
the CBM project area

Negotiated an option to purchase two salt water disposal wells in proximity
to the CBM pilot project, which if exercised would result in significant cost
savings in comparison to the drilling of a single water disposal well.

Details of these events can be found below:

Drilling & Completion

Four CBM wells will be drilled to a depth of 1350 ft., which is below the
Riverton coal (deepest coal in this area) and approximately 25 ft. into the
Mississippian. The wells will be "Air Drilled" to total depth and a pulling
unit will be used to run 4 inch casing.

Drilling on the first well commenced on December 9, 2008

Once the wells have been cased, a completion programme will be designed and
testing will commence. Absent evidence of free gas, the results should be known
in 3 to 6 months time. Depending on the number of the coal seams, coal seam
characteristics, such as thickness, gas shows, etc. distance between the coal
seams, additional completion attempts may be required for testing upper coal
seams.

Salt Water Disposal

TEG has negotiated an option to purchase from Petrol (offset Operator) a gas
gathering and water disposal system to include two salt water disposal ("SWD")
wells. The gathering and disposal system is located three miles west of TEG's
proposed pilot programme. Additionally and importantly, TEG would have the
option to acquire access into a major purchaser/pipeline. It is expected that
the total costs for the gathering/disposal system and access into the sales
pipeline would be less than the estimated cost of drilling a separate SWD on
TEG's acreage.

Lease Acquisition

A review of current land ownership indicated that additional leases should be
acquired in a 5 square mile area to complement/fill-in areas that TEG does not
have acreage coverage. To date approximately 6,500 additional acres have been
acquired, mostly in close proximity to the pilot programme. Total leasehold in
the Anderson/Franklin County project is now approximately 41,000 acres. Results
of the pilot programme will dictate whether further additional acreage should be
acquired.

Leavenworth County

At Leavenworth County, where TEG has 7,000 acres, it is continuing with its
negotiations to find a suitable pipeline, either through acquisition or joint
ventures, to obtain access to major markets.

TRADING UPDATE

Whilst production levels have averaged approximately 5,060 bbl per month in the
second half year to end November, the Company's total revenues have been
impacted by the substantial fall in oil prices with total revenues expected to
be approximately $4.8 million for the full year. Pre-exceptional profits are
now not expected to exceed $1.7 million. Although the Company reports in US
dollars, in pounds sterling at current rates, the impact of the reduction will
be minimal. The Company also expects to create a retirement payment provision
of approximately $730,000 in 2008 to be charged over one to two years.


Chairman Jeremy Delmar-Morgan commented:

"We are continuing with our development programme as outlined in the interim
results announcement in early September. The work that we have carried out in
the last few months has important implications on our future production growth.
The results from our drilling and steaming programmes continue to be
encouraging, but there will always be variances in the wells response depending
on the differences in reservoir and drainage conditions. Overall, initial
steaming results are encouraging and will provide an increase in production as
it is applied across the field.

"While the initial steaming was in progress, production levels remained steady
and despite the fall in the oil price, pre-exceptional profits in pounds
sterling at current exchange rates will only be marginally reduced. The
vagaries of the oil price cannot be avoided, but it is reassuring that our
lifting costs remain very competitive by industry standards. Even at today's
lower prices cash flow is good and with our existing bank facility, will be
sufficient to complete our planned drilling and steaming programmes."

Enquiries:

Jeremy Delmar-Morgan, Chairman, Tel: 077 8900 4876
John James (Jim) Ellerton, CEO, Tel: 00 1 303 759 2700
David Millham, Investor Relations, Tel: 078 5094 9324
Peter Trevelyan-Clark/Nick Harriss/Wye-Li Long, Blomfield Corporate Finance
Ltd.,

Nice update. Much more progress than I had expected.

And the market is overwhelmed.
2517

any danger of these moving any time soon? I need a new dvd player!