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Sefton Resources (SER) Takeover Rumours

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Sefton Resources Takeover Forum Posts

23-01-2015
Kansas was all about money. We never had the money in sorting out the 40 wells. Jim put all his money into tapia which was a problematic oilfield. The trouble with tapia is that unless you chuck 30 million at it, you'll burn cash at a rate of knots as the profit point is higher than they could ever achieve. All down to cash. Kansas actually has a lot of average which alone is worth some money. The pipeline ownership is worth money. To be able to be the company controlling gas sales in the area is very sought after. But only now are we ripen for a takeover. With tapia no real company would touch us. The fact that we were in a profit or loss situation matters not. But the value places on Kansas. Kasnas actually should be worth 0.8p with many discounts applied. Will we achieve that, the market will decide. But CJ even 0.3p is 100% for new investors. I'm not saying it will get to anything but I am saying there is value left in kansas at a higher SP than it is today.


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