Sefton Resources Share Chat (SER)

And on what basis do you think this will gain over 60% of it's current value ?

Do you think sentiment is good here after the BOD have just stabbed all share holders in the back with yet another placing at discounted prices ?

Or do you believe the DR Ali report that everyone has been waiting for over a year will finally come and will magically sent the SP to orbit.......

I'm hoping there will be recovery here too, for the sake of all shareholders, but to over 1P? Not likely to happen unless you get some unexpected very good news!

I think we have hit a all time low. The great news is the only way is UP! I think over the next few weeks we will c this edging back to over 1p

Of we are due the full report end of April........we should get history match finish any time now.

Hopefully with a cheeky Kansas production increase from a few more wells. Maybe even how the gas contracts and pipeline is progressing.

Of we are due the full report end of April........we should get history match finish any time now.

Hopefully with a cheeky Kansas production increase from a few more wells. Maybe even how the gas contracts and pipeline is progressing.

Exciting stuff and some great points made by you both.

Never know they may receive verbal updates and be able to plan drilling sooner. They have the geographical report and when the history match is complete they may be able to start.

by end of the week . by next week SER going to start going up .

I agree OBB

The TSR should provide SER will the road map in terms of what next steps to take, and for me if I knew this was coming I would probably want to see this 1st before any future drilling

As for JV I feel we will know more soon re this - IMPO if the TSR as above shows the roadmap for how best to get the oil out, why would another Oily with capital not want to have a slice of the cake so to speak, afterall we know the oil is there?

Another extract I find interesting from 'Hardman & Co' was Kansas producion;

"Production from Kansas is stated to be approximately 300 bbls, from six producing wells. While this is low – it equates to total daily production of 9-11 bopd – the Company states that it is planned to increase output by:

• stimulation of, and recompleting, the existing wells, and
• bringing more wells on stream.

In this connection, the Company has disclosed that it has, to date, completed workovers on 20 potential producing wells"

Surely with these 20 wells now being online we should see production increase well over 300 bopm afterall the 300 came from only 6 wells so the other 14 should make a difference I feel?

According to Hardman & Co, the Thermal Stimulation Report is expected by the end of April. This would explain why they have delayed the drilling of Harte #21/21. Given the amount of time we have waited for this report, waiting a further month to ensure they get it right makes complete sense to me. The question in my mind is will they drill with their own funds or through a JV?

http://www.hardmanandco.com/Research/SER%20Mar%20'13%20(1).pdf

I believe they got the idea for Groundhog Day from SER's RNSs.

if you go to investegate you can read all SER,s rns,s going back to 2002,worth a read