SER.L Regulatory News (SER)

24 Oct 2007 11:46

Sefton Resources Inc24 October 2007 Sefton Resources Inc. ("Sefton" or the "Company") Rig and Steaming Status report Sefton Resources Inc reports that its wholly owned subsidiary TEG USA hascompleted all connections to the steam generator including: gas supply line,water supply line, electrical connections, and pressurised air supply. The firesreported in California are in proximity to Sefton's properties but currently arenot a direct threat to the operations at Tapia and Eureka. Due to logistics andas a precaution, the final function-testing of the steam generator has beenslightly delayed until any possible risk from the fires is reduced. TEGanticipates conducting an initial start-up of the steam generator at that time.Once TEG and Clayton are satisfied that all systems are functioning properly,TEG will order out a service rig to the Yule7 well to pull the down-hole pumpand install the steam injection packer in the well. Sefton will informshareholders when steaming at Yule 7 has commenced. As far as the drill rig is concerned this is still currently drilling the finalsection of a hole for its current operator. Chief Executive, Jim Ellerton said'We just have to continue to be patient while waiting for this rig to drill ourplanned Hartje 16 and 17 wells. The problem is that there are many variablesover which the driller has no control and therefore there are no penalty clausesfor delays in these contracts. We are very hopeful that the rig will be with usshortly and will announce its arrival and commence drilling when this occurs'. For further information, contact: John James (Jim) Ellerton, CEO Tel: 00 1 303 759 2700Jeremy Delmar-Morgan, Chairman Tel: 077 8900 4874David Millham, Investor Relations Tel: 020 7796 9999Nicola Marrin, Seymour Pierce Limited Tel: 020 7107 8000 This information is provided by RNS The company news service from the London Stock Exchange