RE: Update out19 May 2016 13:12
Thanks for posting that Mr Jay.
It confirms what a POS the Kansas asset was and $5k is a result in my book, IF there's a complete break from all US liabilities.!
However, not sure what this line implies financially;
"There is still work to do to complete this de-risking process and it will no doubt drag on in months of paperwork but this is progressing."
This suggests there's a bit more to do to extricate SER from the US oil "asset"
Still plenty of unanswered questions as regards the expenditure to date and those "consultants"
One suspects this rushed statement was forced by pressure for communications.
However, why not reveal how much cash remains today?. That's not a difficult number to publish.
Full accounts could follow; hopefully in quick order.
I note team Clem still has not revealed, as promised, details and evidence of the "shocking malpractice"