SER.L Regulatory News (SER)

12 Oct 2007 15:31

Sefton Resources Inc12 October 2007 Sefton Resources Inc Press Release Rig and Steaming Update Sefton Resources Inc announces that preparation works for the steam pilot andaddition wells to be brought into the system are progressing well. The deliveryof the drill rig, however, is likely to be delay for at least another week. The gas supply lines, separator and metering hook-up work has now been completedand will be tied into the steam generator unit in the coming week. This work ison schedule including changing the wellhead valves, the delivery of a low-boytrailer, pipeline tie-ins and the installation of new flowline and gas recoverylines as well as the finalising work needed for an Air Board operating permit. The reason for the delay with the drill rig, expected in September, is that ithas still to complete its present work with another contractor. Sefton is nextin line, but the rig is now unlikely to be available until the week of October15. Chief Executive, Jim Ellerton commented 'it is unfortunate but the nature ofthese deals is that you only get the rig when it has completed its previouswork. We are next in line, but the current contractor has encountered problemswhich means that it has still to complete its present work. We can only give abest estimate of the date when the rig will come available, continue to bepatient and do everything in our power to be properly prepared for its arrival.It is frustrating, but we will let shareholders know when we have a firm date". For further information, contact: John James (Jim) Ellerton, CEO Tel: 00 1 303 759 2700 Jeremy Delmar-Morgan, Chairman Tel: 077 8900 4874 David Millham, Investor Relations Tel: 020 7796 9999 Nicola Marrin, Seymour Pierce Limited Tel: 020 7107 8000 This information is provided by RNS The company news service from the London Stock Exchange