I am very nervous of the fact that the sp is down again,with all the anticipation of good news,we are going nowhere fast!,I was not expecting the sp to go up,but certainly not down.,But take your point.

Seftons website can not contain any price sensitive info that has not been realised into the market, Sefton have shown to me that they are updating the website as and when they can, o.k. so the regulars are up to date with events but any new shareholder/s I am sure will be encouraged by a website that gets regular updates (all down to JDM I reckon) and I still feel 100% positive on SER more than at any time over the last 2 years...........the chairman's recent statement says a lot, let us be patient it is not If any more but when, and I bet that is soon!.................

OUTLOOK

The past year has been one of building facilities, negotiation and
administrative change. The current year has started and with the disposition of
TEG Canada, the previous litigation settled and the complete replacement and
updating of surface equipment at Tapia Canyon Field. With discussions well
advanced with Banking institutions and potential joint venture partners, we are
confident that we will be able to develop the business in the coming year and
maximise shareholder value.The Board would like to thank shareholders and staff
for your continued support and look forward to a rewarding 2007.



Lets look at some positive points.................

JDM took over as Non-executive Chairman of Sefton Resources this year (January 2007 )

1/ There has been a trading statement http://www.advfn.com/p.php?pid=nmona&cb=1183139965&article=19103109&symbol=L%5ESER issued in January ( this is down to JDM))

2/The website now gets updated, this also is down to JDM ( before it was neglected)

3/Results showing that Sefton is Profitable and would have shown a profit had it not been for upgrade work, which should have a pay-back this year and onwards

4/Diversification from oil.........CBM Acreage has been increased.....the board consider this to be a good opportunity for the future, with good returns hoped for (Sefton are thought to hold some of the best CBM acreage in Kansas! ) If you do not think you can pull it off, you DO not keep buying more when the funds could be used elsewhere

5/ On the oil side, Tapia surface facilities were upgraded and production has remained steady. ( Sefton own 100% of the Tapia field ) permits in place for 9 wells, why do this If you do not think you can raise the funds to drill them!

6/ At Eureka Canyon, the company states "A geochemical survey of our oil and gas bearing assets was encouraging! and follow up work is planned." (Sefton own 100% of the Eureka field this is a lighter oil than that found at Tapia ) why bother with all this expense If you can not follow through!

7/ The reduction in proven and unproven reserves from $74m to $64m could be seen as disappointing, but analysts must have differing methods of evaluating these assets otherwise just one analyst would be needed for every company, my point is it is still a lot of oil more than the present market cap of 6m........... PLUS no Value has been attributed to the CBM assets

Director share options taken up and paid ABOVE market price http://www.advfn.com/p.php?pid=nmona&cb=1183139965&article=21139837&symbol=L%5ESER


Now ask yourself..........why would the directors take up share options with a price around 20% higher than they could purchase at in the open market? ( If good news arrives they could exercise the options any time they want within the exercise period ) I see this as a statement saying that they are close to bringing the current issues to fruition and this is a way of trying to put that across to shareholders, otherwise they could simply buy in the market If price sensitive news was NOT immanent, that's my take on it anyway.

7/ Directors share holdings...........
Jeremy Delmar-Morgan 4,280,178 3.7%
M.A. Ashton 984,267 0.9 %
Gary Dillabaugh 3,431,120 3.0%
John James Ellerton 4,780,247 4.4%
Harry Barnum 380,955 0.03%
Norman Thachuk 712,667 0.6%

the directors have continually added shares as and when they could over the last 2 years.........check back through the RNS realises is that not confidence, would you keep buying If your company had no prospects?

8/ Most of the board, I THINK are wanting to retire, and the current mkt cap is, I am sure a LONG WAY OFF what they would like at this point in time, and that is a very good reason for the board NOT to screw-up this year, they have proven that they can survive without the issue of further shares, we have good solid cashflow, equipment has been repaired or replaced READY for increased production, I still feel that the directors could sell out at the right price! I do not feel that they will give it away.

DYOR and good luck.

Still negotiating on the finance front, I did say it would not happen.
What is happening in the world of credit?
More shorting here

Lovely blue sky at Tapia!

Nice picture of the steamer. It's all a positive step forward to me, waiting patiently am staying put

Who sold out at 4.5p!?

Come on here and explain your decision please.

Are those puffs of steam above the 'Boiler & Coil'? ;-)

SECRUOSER
Not me still accumulating.

well somebody got robbed @ 4.5p

Hi moon you post on here too? seems like a good thread.

Hi gray, yeah, I'm all over the place :-)

Moon cut down on the booze, that should sort it! lol lol

Moon You could get a reputation as a loose woman with comments like that :0)

Gray, lol, I'll try that one day :-)

MT, did you edit your post at 19:05? I'm sure I didn't see your suggestion when I posted my comment to gray. If you didn't edit it, I must have had a senior moment and missed it. Surely loose women wouldn't admit to those :-)

Evening all! Looking back over that update, as SEC commented, it does look as though it was written a little while ago. I think it is intended purely as an update on matters up to the AGM. First 6 months of 2007. They would not state at the AGM they were a few weeks away from finance and then update the website with different info.

Gray, it would be a nice idea if you could post your thoughts here in duplicate now and then, lets see if we can get some interest here and liven up the thread!

You may all find this interesting......................

Everything you need to know about a deramper.
************************************************************
(with artistic licence) from filliboots:



IT IS EASIER TO SCARE PEOPLE INTO SELLING THAN IT IS TO INFORM PEOPLE INTO BUYING A SHARE.

Lesson 1: Remember, DERAMPERS NEVER DERAMP A BAD SHARE. Watch the board for shares with no potential. They never have any derampers. Derampers only go after shares that are going upwards or have excellent potential to go up. Derampers get left behind, so they want to bring the price down to be able to get in at a great price.

Lesson 2: DERAMPERS ALWAYS BRING UP OLD NEWS THAT YOU HAVE HEARD MANY TIMES. New startup companies always have a few bits of bad news. The deramper will post this over and over again. The stupid deramper will try to make the old news a bit fresher to try to fool you.

Lesson 3: DERAMPERS POST MANY TIMES A DAY. They try to wear you out. They comment on everything, every other post, and can answer every question. THEY KNOWIT ALL! There is no positive comment they won't deramp. They try to control the board.
True longs may have to address the derampers or they will appear to the newbies as being the people with all the information.

Lesson 4: DERAMPERS WILL LIE TO YOUR FACE. Never trust a deramper. The truth on startup companies is that many mistakes are made and losses happen. The deramper will try to make you believe all startup companies make a profit, release financials every quarter and all aspects of the business run smoothly. THIS IS NOT TRUE. THE DERAMPERS LIE TO YOU. Startup companies can go years without profits, financials and good business, this is the nature of the beast.

Lesson 5: The derampers know YOU CAN'T VERIFY THEIR STATEMENTS. That's why they make the statements they do.

Lesson 6: The derampers PLAY ON YOUR LACK OF KNOWLEDGE. They can lie about information and you couldn't know the difference (unless you have done your assessment of the company and know the truth and facts).

Lesson 7: Derampers play on your lack of patience. YOU have held a share for a while.
You knew it will be a big share someday, but the DERAMPER CAN GET TO YOU BECAUSE YOU ARE TIRED OF WAITING FOR YOUR GAIN. That's when the deramper is best. You are tired. You have forgotten the goal for the share was to hold it for one year. The deramper is bothersome, so you dump it on a bad day. Some others also dump. Then you get mad for your loss and return to let everyone know how mad you are. Then you turn into a deramper as well. THE DERAMPER HAS WON, AND GAINED A NEW PARTNER, TOO.


Lesson 8: BRING THE PRICE DOWN. That is the deramper's job. The truth is not important. Lies are the norm. Post continuously on the board every day. They are trying to hit the newbies visiting the board. They are trying to wear out the longs on the board. They do whatever it takes to wear the longs out.

Lesson 9: DERAMPERS WILL TRY TO GREAT DOUBT AND GET YOU TO RESEARCH ITEMS THAT THEY KNOW WILL LEAD TO THE CREATION OF DOUBT IN YOU AND IN OTHERSHAREHOLDERS. A typical trick of an advanced deramper is to propose that there is a potential "problem" because "we" don't have the facts on a particular subject. The deramper dares someone in the group to find out the answer to the question. The deramper already knows the answer; the deramper already knows what will be found.
The power of this tactic is that the deramper is now in control of the actions of the shareholders; the deramper has you, the shareholder doing HIS/HER due diligence and when you, the shareholder come back to the group with a questionable finding then the deramper gains credibility. What to do??? Solution??? Well, I think it's important to find answers but on your own terms. I actually pick up the phone and call the company and talk to the investor relations person or the CEO until I get a satisfactory answer.
The problem here is that the advanced deramper has you doing his bidding and his work; you have essentially joined his ranks. So, develop your own little Due Diligence package and answer questions by placing the information into the package and referring all new investors to read the answers to questions raised in the Investor Information package but DON'T GET INTO A CONVERSATION WITH THE DERAMPER REGARDING THE TOPIC.
THAT IS WHERE YOU LOSE. DON'T CONVERSE WITH THE DERAMPER; ANSWER INDIRECTLY; DON'T USE THE DERAMPERS NAME; DON'T GET INTO A PERSONALITY CONTEST.

A DERAMPERS HANDBOOK: know the enemy who wishes to steal your money!

Do not underestimate a derampers influence on a share. The Pro's are good at what they do and what they do is profit from your losses. Below is their "hand-book" so to speak. Learn from it or donate your money to those who make an organized plan to steal your money! DERAMPERS DO THE FOLLOWING: 1. Be anonymous 2. Use 10% fact. 90% suggestion. The facts will lend credibility to your suggestions. 3. Let others help you learn about the share. Build rapport and a support base before initiating your deramping routine. 4. Enter w/ humor and reply to all who reply to you. 5. Use multiple ISP's, handles and aliases. 6. Use two (2) or more aliases to simulate a discussion. 7. Do not start with an all out slam of the share. Build to it. 8. Identify your foes (hypsters) and the boards "guru" Use them to your advantage.
Lead them do not follow their lead. 9. Only deramp until the tide/momentum turns. Let doubt carry it the rest of the way. 10. Give the appearance of being open minded. 11. Be bold in your statements. People follow strength. 12. Write headlines in caps with catchy statements. 13. Pour it on as your position gains momentum. Not your personality. 14. Don't worry about being labeled a "deramper". Newbies won't know your history. 15. When identified put up a brief fight, then back off. Return in an hour unless your foe is a weak in reasoning powers. 16. Your goal is to limit the momentum of the run. Not to tank the company or create a plunge in the share; be subtle and consistent. 17. Kill the dreams of profits, not the company or the share. 18. Use questions to create critical thinking. Statements to reinforce facts. 19. DO NOT LIE, DO NOT NAME CALL and DO NOT USE PROFANITY. 20. Encourage people to call the company. 99% won't. They'll take your word for claims made. If they do call you can always find something that is inaccurate in how they report their findings. 21. Discourage people for taking the companies word for anything. Encourage them to call the company. They won't out of laziness. 22. If the companies history/PR's are negative constantly point to that. Compile a list of this data prior to beginning your efforts. 23. If the price rises blame it on the hype or the PR, temporary mass reaction, the market, etc. Anything but the share itself. 24. If other posters share your concerns, play on that and share theirs too. 25. Always cite low volume, even when it's not. 26. Three or four aliases can dominate a board and wear down the longs. 27. Bait the hypsters into personal debates putting their focus/efforts on you and not the share or facts. Divert their attention from facts. Show them the facts from a "different angle." 28. Promote other shares that would-be investors can turn to instead of the one your deramping. 29. Do not fall for challenges on the "values" of what you are doing, it's a game and you are playing it with your own rules.

GRADE YOUR FAVORITE DERAMPER:

Advanced Deramper: Will join the message board early and actually "pump" the share with positives; this deramper is very intelligent, has the facts of the company, actually helps longs with Due Diligence and generally gets the confidence of the shareholders. Then, when the share hits their price, the tone will change and they will start asking longs to check into this and check into that. The seeds of doubt are being planted. This deramper will then start using all the tactics listed on this page to create seeds of doubt. ALWAYS LOOK AT THE PROFILE OF A PERSON YOU SUSPECT. ASK WHAT
SHARES THEY'VE "SUPPORTED" IN THE PAST AND CHECK OUT THE MESSAGE BOARD. An honest person will have a positive track record that can be followed. I strongly believe that a contrarian view is needed but this person is out to steal your money and does it by deception and creates fear after gaining confidence! BEWARE, this is the most clever deramper and the hardest to spot.

Grade A Deramper: Posts lots of old news, responds to all positive posts with a negative side. Never responds to being called a deramper, never posts on another board. Can spend up to 80 hours a week deramping a share.

Grade B Deramper: Very good way with words, always claims to be your "friend" taking the positive poster into confidence, never posts on another board, spends about 60 hours a week.

Grade C Deramper: Spends less time than the others but is somewhat effective and gets a C grade due to getting excited when derampers rules say not to get excited, spends about 40 hours a week.

Grade D Deramper: Needs to learn the basics about being convincing when making a negative statement. Spends a good amount of time working the share, maybe 20 hours a week.

Grade F Deramper: A complete idiot, most readers are not convinced he knows anything about shares in general. The type that says a share "sucks", but gives no rationale, shows up every so often but no regular schedule.

WHY DERAMP?: MONEY (the usual reason), SPORT, ENTERTAINMENT. Some derampers are compelled to deramp because they are inherently a part of the dark side of life so they must do it. It's a sad fact but never the less, a fact. It's life so you must learn how to deal with it or become a victim!

mine man........hi does my last post remind you of anyone! lol

Yes, but I promised not to mention who it reminds me of lol!

"Grade A Deramper: Posts lots of old news, responds to all positive posts with a negative side. Never responds to being called a deramper, never posts on another board. Can spend up to 80 hours a week deramping a share" fits the bill tho!

Gray, see you've had the "treatment" lol! What on earth has happened to friendly banter. A BB doesn't have to revolve around just the company, it can and imo should, have an element of comradeship, general discussion etc. Over the past two years, I have built a small list of the people I can trust when it comes to passing on tips etc, in the knowledge that they aren't ramps in order for that person to get out. I know when, for example, you, Quinan, Moonshine, Secrouser, MickeyTake, JJ and others give me a tip, it's in good faith and can be trusted. This sort of relationship takes time to build and wouldn't evolve by just discussing Sefton. The liveliness of the thread depends on personality, humour and off topic discussion. The particular post you had deleted was of general interest and should have remained. I know you to be a respectable contributor to the bulletin boards, I can appreciate how you feel being moderated.

The other side has a few particularly unpleasant entities that have firmed my decision to refrain from ever going there again.

PTHolden is going (in process) to update the header, I hope this BB will start to develop in a far friendlier, better quality and more informative manner than what we have experienced recently!

:)