To give the Daily Mail credit it has now removed from its website the article suggesting that penny share dreadful oil producer and cash cow (for chairman Jim Ellerton but not for long suffering shareholders) Sefton Resources (LSE:SER) was producing 220 bopd from 20 wells on its Tapia field. We all know (and the Mail knows now as well) that the number is less than 100 bopd from a handful of wells. But the Mail has gone further.
© Tom Winnifrith
It has revealed that the Mohammed Al Fayed who has bought 3% of Sefton is not the Fulham Al Fayed (the Phony Pharaoh). We knew that. But we all thought (and Sefton failed to deny) that it was a relative. It now appears that it is a totally different Al Fayed with nothing to do with the Fulham owner. It is a phony phony Pharaoh. That the shares jumped by 45% as the PPP accumulated his stake and the BB morons frothed away is amazing.
The Mail has yet to admit who the “two City sources” who misled it on the output numbers and suggested that the PP was involved “and knew something” were and to ask what their motives were. Interesting. It matters little.
The shares, now 1.5p, remain virtually worthless as you can read HERE
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Why on earth would Sefton have to deny anything. Poor research by yourself and others led to assumptions that were wrong. Not the first time by a long way.
Sadly, assumptions are all anyone has to go by as nothing that ever comes out of this company isn truthful or even near the truth! Misleading RNS after misleading RNS. The only people making money from Sefton are the board. You on that Bob?
The greatness of ignorance ties the two together in Sefton and the Mail Online article, Truly shocking yet Truly obvious.
We know why the association is made ( Facts seem in short supply )
Yet another demonstration of manufactured upside…
It appears you don’t even need the cheese in the mouse trap these days to catch a critter!!!
”Isn’t that right Mr Ellerton?”
Well said Doc, every statement that emerges from the Sefton HQ is inadequately sufficient to provide enough information to make a balanced view of just what the position is with ANY of their projects. Each RNS lacks the whole truth and skirts around any subject that may not be as positive as investors expect. The Ali report, still in the ‘pipeline’, as is the actual pipeline that was almost ready to activate a year ago. The fact someone can string ‘imminent’ into 12 months plus perhaps deserves some applause lol!
Has Winnifrith had a stroke? Why the lopsided smile? Or is his life such a mess he can’t even smile with both sides of his face at once?