Ah well no news today, but after yesterday a small rise this morning
Hoods back on bid again with Scap 2 to 1

Bulls have won the latest "game". Should rise from here.

Interesting chart development today..

That's a massive spread atm.
2517

George
My impression at the moment is that some sort of news is in the pipeline and the MMs have no idea (like the rest of us) if it's good or bad, hence they are covering themselves by maintaining a large spread. There have been some interesting large(ish) trades goning through over the last week or two, so perhaps someone is 'in the know'. All speculation of course.
pth

Chart looks good, shame about the spread.

If they can raise that bid today then the chart could look really good, which is not something you get to say very often about this share.

TheFrenchConnection on SER from another board.

At these s/p levels i would consider selling up and lock funds into SER (also in Latin America inc. Columbia )who are is at least producing . No heavy cashburn on Expo .Pays for itself .Latest tec has Tapia increasing production to 500 bbls p/d . And while they currently produce a mere 4,00 bbls p/m you have to take into account there are a million drillholes in Texas and how many of those produced ? ..18%....And 500,000 wells throughout the continent of USA that producce but a mere 1/2 bbls p/d ......but when totalled equate to 1mbbl p/d .....thats a 29th of daily global production ...Amazing stats huh ? All underlines the importance of small PRODUCERS like SER who have found thier resavoir And where else --but in the shadow of another well ,,,Markets have a downer on pure expos as Strawbs has already stated ....... @+ J

Good point about small producers, and also correct about the market downer on pure expos. Not sure where he heard SER were in Columbia/Latin America though :)

Much better.

Ras it may be that plug TheFrenchConnection gave
up up and away

Yes nice rise so far on low volume, ptholden you may be right about news, if so let's hope it's good, we oily holders have taken a hammering lately with GOO, PELE and now CHP.
2517

Topped up today looking good.

L2: 1 (WINS) v 5 (HOOD, SEYP, KBC, CANA & SCAP)

SCAP moved from 6.25p to 7.00p at 16:30

Took this from OilBarrel (Jan 2007) which succinctly encapsulates where we are at the moment. I can't imagine that financing further development would be much of a problem, so perhaps the delay in news is due to Sefton going down the JV route?

Sefton Resources Weighing Up Its Options To Progress US Field Developments
Unlike a few of its AIM-listed peers Sefton Resources is not one to churn out reams of news flow every other day. This can be a good or a bad thing, depending on what the news has to say, of course. But the latest trading update from the Denver-based firm released this week - covering the six-month period to the end of 2006 - sees business ticking along nicely though the company is coming to an important juncture.

Seton continues to trade profitably, thanks to some established fields in California, and has deployed cash flow to renew and refurbish surface facilities at Tapia Canyon, while looking into other development opportunities nearby and in the Mid-West. The question it is now facing is whether to dip into the debt markets or to take on a new joint venture partner to further progress its development objectives.

The good news is that oil flow at Tapia - about 40 miles to the north of Los Angeles - is averaging 4,000 barrels of oil each month, which loosely translates to 133 barrels of oil per day (bpd). Importantly, decline rates appear to have bottomed out with the current rates now being sustained, though Sefton believes there is plenty more life in the field yet.

More facilities upgrades and repairs at the site this year could see Tapia - in which Sefton holds a 100 per cent stake - capable of handling an additional 500 bpd, the company said in its update. This is a significant hike, though work on this mature heavy oil field is not always plain sailing, and frequently a stern test of the firm's technical skills.

In December, the company commissioned the building of a steam generator that will initially be used to stimulate production at the Tapia field; this should all be in place by the middle of the year.

Preliminary approval has also been granted to drill three additional wells on the Snow USL lease, to add to five other planned wells already approved at the Hartje and Yule leases.

Though rigs appear to be available, Sefton must source additional funding to see the programme through, as well finalise permitting arrangements. This could mean securing some debt financing or even hooking up with a joint venture partner.

At Eureka Canyon, the company's other Californian asset, reconnaissance geochemical mapping work has been completed, with results supporting plans for further field development work. This field, about 20 miles west of Tapia, produces around 435 barrels of oil a month, about 15 bpd. Again, the injection of additional funding will provide the leverage for Sefton to squeeze more out of the field.

These developments fuel hopes that Sefton can at last start to unlock some of its upside in Kansas where it holds a large portfolio of interesting coal bed methane (CBM) assets.

In Anderson and Franklin Counties, where subsidiary TEG Midcontinent holds 30,000 acres, a recent project nearby achieved some upbeat conclusions. Sure Engineering was contracted to work on an area to the west to consolidate and expand available data. It concluded that the thickness of the Riverton and Bevier coals on the TEG acreage nearby are near the maximum for the region.

Sefton has also picked up some more acreage at Leavenworth County and now holds over 7,500 acres in the area. It is currently in talks with pipeline operators over gas gathering infrastructure and market access.

Another positive is that it has settled a long-running dispute with Caza Drilling, which dates back to the 2002 blowout in the Tapia field. It has been a story full of twists and turns, but following a court ruling on 3 January 2007, Sefton is paying $250,000 to Caza in exchange for the resolution of all matters between the two parties.

Further results from the company are expected around April or May, with an annual meeting to follow about a month later.

Mes Amities ,,,,was merely lunchtime banter between a motley army of liquid lunch brokers/ broker /analyists and traders , mms and hacks and co at a well known watering hole in the city ...Overheard of course !! .......lt seems Sefton wish to diversify their sole USA based interests . .What with oil never again retreating below $50 pbbloe, and more likely to be nearer $80 by year end ,[ and $120/140 if lran continues with its U308 atomic programme which is now in possession of centrifuges ) ,SER estimate organic cashflow from TAPIA in L/ A California will again be revised a tad higher than the publicised conservative figure of 500bbls p/d what with the employment of Sl , SG and Bottle brush drilling to 800 bbls p/d which along with both the KANSAS c/ methane concession and other acreage in the mid west looking very lucrative longterm would justify a revolving long term debt facility / loan note / exchangeable bond / rights issue/ placenent or some fiscal instrument of quite moderate means ,which would allow them to aquire new acreage . ......Perhaps it is at a very early stage of negotiation, and perhaps for all i know it is many many months /years away what with SERs very busy 2007/8 .. but i would not be surprised if SER announced a presence in the Latin Americas .....Namely Columbia . On the Brazilian /Venezuelean SW border ........Very nice as both "big oil" and a plethora of mid caps have fields in this very prolific area ...{ as is only fair i must declare i have a substantial holding in this company } PLEASE DYOR !!!! ALWAYS !!!! .....a'bientot / Faires attention et sois sages ...@+ JJ .......

Mind you looking at todays 16% rise , and reviewing the 10, 50 100 and 200 EMA i would call this slightly overbought at this moment ,,The first real indicator to BUY was at 4.75 and this fact was clarified and bourne out at 5.5 ,,Also c/sticks neutral as things stand . l want LOTS MORE myself but will await a lull to 5.75 if poss // lf not ? Alors -Qui sait ?.. The trend is the chartists friend ...b/ n ................@+ J

Looks like a load of 'merde des vasches hommes' to me.

RAS
Having said that its still a bullish post and SER are looking stronger by the day.

Good morning all

L2 looking a little better 3 vs 3 from open 1 vs 5
We may not have to wait too long for some good news hopefully

RAS Stick to your your own crappy stocks like CHP ,,lol lol . You silly boy ... and leave us men to make some money ;....So as to merely anatagonise you as you seem to TRY to bait me so ....... l closed the second of my two shorts today on your beloved CHP / and only made 200,000 freebies which i shall let ride. You called me a "shit" for calling it short at 11/12 p ...Now its 6.75/ 7.25 do you retract your comment like a English gentleman should do ?????? !!!! .....@+ J

Shut up! Never been a shareholder in CHP so don't know what you're on about.

Methinks you're a bit of a "vache folle".

Well why are YOU NEVER off the CHP thread making inane personel comments ......Are you a mere ballwatcher or a copper or someone with a grudge ....Either way - PISS OFF !!