Member Info for cyan2

In January 2017 Bowleven wrote; hTTp://www.bowleven.com/system/files/press/bowleven-group-operational-update-january-2017.pdf Etinde contains sufficient existing discovered resources to support one initial offtake solution. In addition, appraisal drilling is targeting un-risked P90 in-place volumes of up to 2 tcf of gas and associated liquids which, in the event of successful drilling, creates scope for multiple offtake solutions for Etinde. ====================================================================== In march 2016 EDISON wrote this; "Bowleven holds a 20% interest in the Etinde permit MHLP-7, which contains net contingent P50 resources of 58mmboe (gross contingent resources of 290mmboe). " and; "Upside of net prospective resources could add >200mmboe in time Analysis of the data has shown further prospects at the same Intra Isongo interval, while the results of testing at a similar interval at IE-3 tested oil and condensate. Bowleven’s estimates of volumes in place are 1-2tcf (167-333mmboe) at P90 confidence. If we assume a 70% recovery factor for gas this would imply 115-230mmboe. On rough rules of thumb, P50 could be 3x larger than this, equating to 345-690mmboe. Associated liquids will likely add further. We expect wells to be spudded in late 2016/early 2017, but timing remains uncertain, given that Bowleven is no longer the operator and the oil price environment has added material uncertainly. The FID will likely be taken six to nine months after the appraisal wells, so we expect it to be in mid-/late 2017." hTTp://www.bowleven.com/sites/default/files/attachments/pdf/bowleven-outlook-march-2016.PDF +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Reading these comments shows just how important the appraisal drills are and the huge upside POTENTIAL there is. If all goes well our return on a sale of ETINDE will be that much greater. The comments also goes to show our downside ; snails pace progress.

1msn reminds me of the idiot who once claimed he lived in a castle he paid £4 million in CASH for. Turned out he actually lives with his parents still in their very nice bed and breakfast. Plenty lapped up his ludicrous tales too. As LSE have properly taken down the CNBC claim 1msn made, my question for the LSE is; why have they not banned outright this market abuser?

Also not sure NEW AGE would want an AIM listing; I think a full listing is their preferred option.

. It appears they were once looking at GENL. This article suggest an IPO; hTTps://www.ft.com/content/51067150-77ff-11e6-a0c6-39e2633162d5

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/558359/Athena_Decommissioning_Programmes.pdf I believe TRAP had to pay £9 million towards their 15% share of the costs. PMG hold 30% liability

Good morning reso, Chrisoil has been quiet as I understand he and other characters involved in SER and elsewhere were the subject of investigations. Did you notice how Ca lif ornia, Jo e 's blog disappeared for a time . Chrisoils too and both have deleted huge chunks of their blog histories; embarrassed or what? In fact BMD has been at that game. You can not now read his 2012 blog hailing SER to be a fantastic buy and potentially worth £173 MILLION. Laughable. What a fool he was and is. Chrisoil used to post here as SUPERSHARE, I suppose you knew that. Another reason he went quiet was he was in desperate financial straits trying to fend off bankruptcy petitions. He was having to sell almost everything he owned to pay off his bad calls. Do you remember AEY? CHAMBERS, LEVI and Chrisoil as a group all bought in to , effectively, ****et bag. Chris , due to his desperate financial state, had to sell off his AEY before 'pay day' (still awaited I understand). What a team! There is zero chance Chrisoil would be given a NED here. He fell out with BMD who accused him of stabbing other SER shareholders in the back by selling all his SER shares (for a pittance) to Ben TURNEY (would you believe it?) Not to BMD; wow! That gave TURNEY a lot of firepower so he could request the EGM. He had totally unrealistic plans but eventually came around to the sensible conclusion that a wind up and distribution were the only way forward and in shareholders best interests. CHAMBERS avoided the EGM that would oust him by contradictingly claiming he never received the request and then that it was worded wrong. TURNEY explained how the request had been sent recorded all over the show , including to the BVI, and stated its wording was the same as the one that 'clueless'Clem had submitted ; only the names changed. Turney publicly accused Chambers of being a liar. Chambers did not take action regarding this potential 'libel'. Read into that what you may.

Hi reso; Your mention of ADVFN just makes my blood boil. Clem actively protected the idiot Chrisoil in his rampings and BMD who is constantly spamming. Have you read on Share prophets today where TW is complimenting ADVFN for dealing with abuse. ? You should read the truly disgusting things Chrisoil wrote on various threads. I had to put up with direct threats of violence from chrisoil on the SER threads which included threats to blow my head off and they knew where I lived and so on. The whole lot are despicable. ADVFN can not claim they did not receive complaints. If the NEDS have simply been given shares up front its a scandal. Looks like the fifth NED who did not take up the position had a conscience. Don't know how the others sleep at night.

Good question MRPlumper. What a colourful history this company has had. Who penned this on 29.12.15? hTTp://www.talkaboutshares.co.uk/articles/ Extract; "It would appear the previous board made serious errors of judgement to the point of negligence, incompetence and potentially professional malpractice. There are suggestions that payments were made to third parties that had associations with certain members of the board, that other payments were made to certain people that had not performed the duties relevant to the amount paid and allegations of a financial conspiracy to reduce the company funding in an effort to ensure it had little option but to enter into insolvency." +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ That was about the first management Dan installed. Was Team Clem an improvement? Clem left a whole set of new questions regarding what happened to the money.

Yes all must play by the rules. Did Clem when he 'avoided' an EGM, or when he failed to give shareholders an opportunity to attend an AGM as specified in the companies articles of association? The new NED'S have duties and potential liabilities; http://www.mondaq.com/x/221686/Directors+Officers/BVI+Companies+Directors+Duties+Indemnification+And+Protection Extract; Directors must always bear in mind their duties to the company. These duties are codified in the BVI Business Companies Act 2004 (the "Act") and include: ⦁ Acting honestly, in good faith and in what the director believes to be in the best interests of the company; ⦁ Exercising their powers for a proper purpose, including not acting in a manner that contravenes the Act and the memorandum/ articles of the company; ⦁ Exercising their powers and performing their duties with a level of care, diligence and skill that a reasonable director would exercise in the circumstances, taking into account the nature of the company, the nature of the decision and the position of the director and the responsibilities undertaken by the director. Transactions entered into in breach of these duties may result in personal liability for the directors +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Good afternoon MRPlumper. SER is not a going concern and the last person I would want to be associated with is Dan LEVI. His record is appalling. So its a NO!!! I see ************* (chris Bailey) is claiming the NEDS are working for free. Patently untrue as the NED's declared remuneration is 300 MILLION shares. There are , at the moment, 6,449.299,416 shares in issue. If the company has ,say £150k each share is now worth 0.0023258 PENCE per share. When the NEDS are issued with their 1.2 Billion shares the shares in issue will , in theory number 7,649,299,416. However, I am assuming the NEDS pay will be paid in 12 months time. By that time I am sure LEVI and the other director already in place will likely have awarded themselves even more shares. Lets say just 600 million as a possible number. Shares in issue will then be 8,249,299,416. Assuming the company has £150k still (may have gone up/ may be lower, of course) At that point each share will be worth 0.001818336 PENCE. The NED's 300 million shares would,then, on possible wind up distribution ,be worth £5,455 to EACH NED; A total of £21,820 for their joint services. Are they really needed? On 31st December 2015 there were 812,741,519 shares in issue. It appears likely to me that , by next year, the number of shares in issue will have ballooned by more than TEN fold!!!! in two and a half years. TW is right to highlight the NED's possible legal position . It is possible for them to take out insurance in case they are cited in legal action. I hope they have thought everything through.. One can only guess what company TW is on about.

Good evening MRPlumper; Why don't you apply to become the fifth NED ?. That position has not been filled for some reason. There was supposed to be five; see here; http://www.seftonresources.com/news/pressreleases/SeftonUpdateApril142017.pdf Extract; 'Director on-boarding 4/ Sefton are pleased to announce that as per its investing strategy, five (5) new directors will be joining the Company.......' I wonder what the qualifying criteria is? One things for sure the gang of four new NED's will have effectively diminished the value of every other shareholders shares by approximately 20% when they are paid with 1.2 billion new shares. Alright for them if shortly thereafter a decision is made to wind up and distribute. Now there's a thought.! Let's see what happens in a year from now.

Good morning MRPlumper, I would not expect great things from the 'new board' . The four will act as NED's and are existing SER holders sitting on large losses . The clear driving force in control of SER remains Dan LEVI. I very much doubt he will be demanding a 'forensic audit' into his mate Clem CHAMBERS stewardship of the company. A question I would like answered is in respect of 'consultants' employed during team Clems time in control. Who were they? How much were they paid? Was Dan LEVI receiving cash for services during that time? No accounts mean we can only speculate as to the possibilities. Why didn't Team CLEM produce accounts? If you do some research on the pair you will note a long standing and continuing relationship. Dan can not shirk his responsibility in demise of SER. He has been pulling strings for ages. He was responsible for Raylene's appointment. He was behind Team CLEM and thus the losing of the AIM listing. That loss was CATASTROPHIC. Can anyone seriously continue to argue that; ' the 'company is in good hands'?

If SER was wound up earlier many investors would not have been deceived into investing in this disaster area and losing their money. Current shareholders would have received a lot more back than they could now after 'Team Clem' bled away most of the remaining cash. Here is one of my earlier 'tripe' posts. 'SER Wind up 5 Nov '16 Remember this statement? " If Mr Chambers and Mr Hodges are not elected at the AGM, then a resolution to wind up the Company will be put to Shareholders." You resolve to wind up when the companies prospects are hopeless and it is not a going concern . If it was wound up last year shareholders would have received a lot more than you will get after a year of Team Clem bleeding the remaining cash.' +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Clem debunked after 19 months leaving the company £190k poorer and FAILED TO PRODUCE ACCOUNTS to explain where the money went. Why did he not publish accounts? In accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union. "The Directors are responsible for keeping proper accounting records that are sufficient to show and explain the Group’s transactions, with reasonable accuracy at any time, the financial position of the Group,for safeguarding the assets and for taking responsible steps for the prevention and detection of fraud and other irregularities." How much did Clem 'pay' himself?. Does not look like we will ever know as he subsequently effectively gifted the company to his mate Dan after ignoring an EGM request. Its a scandal

"Give it a rest now Cyan, let the board get on with the day job of returning value to genuine shareholders" If you post conspiracy drivel about 'SER haters" you will get a response. You are in a fantasy world. SER now has 6 directors " returning value to genuine share holders?" How the hell does that work if they are 'awarded' hundreds of millions of shares; and for WHAT? "Genuine" SER holders have been, and continue to be, diluted into oblivion.

"Why would he want to disclose the Investments, think about it, better done under the radar so none of the SER haters can go cause trouble for our Investments.." Are you being serious.? How on Earth could anyone cause trouble for such a tiny investment. Get real JAS. And whilst we are communicating ; why have you stopped using the avatar JAS123456? Were you banned?

Dan should release details of the 4 'investments' so SER holders can follow and root for them. Why Dan brought in 4 NED's is a mystery. 300 million shares to each; another 1,2 billion added to the confetti. Looks like a carve up with some mates to me.

Hi MRPlumper. Nice to converse with a reasoned individual. Without knowing your average its hard to assess how 'difficult' it is to recover much of your cash. The bottom line is there are 6,449,299,416 shares in issue. What stocks Dan has punted £85k on is a mystery. .Do miracles happen?

SER should have been wound up and what remained distributed. Team Clem burnt £190k with nothing to show for it. There is so little left and the company has effectively become Dan's play thing. Have a read of the latest SER update; http://www.seftonresources.com/news/pressreleases/SeftonUpdateJuly2017.pdf The companies business is now down to gambling with just £85K. Who was it who once it boasted about negotiating biilions of barrels of oil potential in the Bahamas? Its come to a very sorry pass. "The company is now in good hands and progressing well." Really johnny_cash?. I think you are the one that needs help.

Who was it that lost the company's only valuable asset; its AIM listing? Have you forgotten? Who was it who facilitated "Team Clem" in taking over and shareholders losing their voting rights? Yes Dan supported clueless Clem, the man without a plan; hailed to high heaven as the saviour. What did Team Clem achieve in their 19 months in charge? They spent an average of £10,000 every month and then walked away. Who was it who loudly ranted about 'misconduct' having that 'forensic audit' and , would you believe it; going to call the police in; Man of iintegrity Dan whinning to the bill; hilarious .Dan, the man who worked hand in hand with the idiot Chrisoil misleading shareholders . And where are the accounts Clem promised.? How much did he 'pay' himself? How much more of the history do you need reminding of?

False statements spelbound. I have resisted the temptation to post till now. I am cyan on ADVFN. I do not know who Robert is. Believing false statements seems to go with being a trapped SER holder. I would not provoke me into reminding you how you have been conned over and over again. I have a problem with those bare faced liars and crooks who have led innocent share holders to disaster.