Sefton Resources Share Discussion Threads

[elcapital2017] 28/11/2017 12:51

That goes to show just how desperate these mug punters are. The highlight of the day is a delivery of diesel! YA will love this, gives them more room to dump stock onto the mug punters.

There is some very good research from David Smythe who confirms that the only was to get oil out commercially is via fracking. Im sure he is right. There will be some good short term flow tests though because of the way theyre drilling...all part of the froth

[cyan] 28/11/2017 12:41

Where are those accounts?

UKOG saga goes on and today's diesel tanker sighting just goes to prove my point; there has been NO credible sightings of crude leaving the site which is under close observation.

The penny just has not dropped yet with many pi's; No tankers means no meaningful flows of crude so far ; means non-commercial to date.

The longer without ANY crude tanker sighting supports the view that FRACKING is likely the only way to make UKOG's asset really commercial.

[elcapital2017] 27/11/2017 20:32

Add the death spiral finance and lots of options and warrants and this could well be a bloodbath before xmas

[cyan] 27/11/2017 20:20

When I saw the excitement caused by a tarp and some scaffolding I just shook my head in disbelief.

The true test after all this time is TANKERS. I have not heard of one credible claim that ANY have left UKOG's drill site.

It seems there are plenty keeping the site under observation so no-one would miss any tanker traffic.

It looks like dismal rates will be announced. How long can they hold off an update?

[elcapital2017] 27/11/2017 20:07

Indeed. Welshwiz was way off the mark with his promise! Looks a right fool now!

[cyan] 27/11/2017 20:06

Sefton holders are still waiting for the accounts

UKOG holders are waiting for any sign of oil tankers leaving the drill site and flow rates RNS

Both are having a concerning VERY long wait.

[elcapital2017] 20/11/2017 08:11

Yes, way too high. I was being kind

Well, no RNS with any results today so far!

[elcapital2017] 19/11/2017 19:49

no need to wait. its you

if you are right you will get done for inside info, if not then youre still a fool. you cant win, you idiot!

screenshot taken, on the 1% chance u are inside

[welshwiz] 19/11/2017 19:46

See who's the fool next week....fool

[elcapital2017] 19/11/2017 14:29

You have no proof. You are just guessing and making it up. That makes you the fool. But we already knew that

[elcapital2017] 19/11/2017 10:42

The market cap could be far greater. There are hundred of millions of warrants and option mainly at 0.8p. The share price should reflect this and the highly likely possibility of non commercial oil without fracking. They should be about 1p imo

[cyan] 19/11/2017 10:36

I have to admit that the UKOG story is a fascinating story to follow.
It has attracted an enormous following and achieved a market cap of £148 Million.

Having looked at the 'investment opportunity' I decided to pass.

There is no doubt that substantial amounts of oil are present. The question is; can economic volumes be extracted by conventional means. I specifically say 'conventional' as Fracking is not supported and UKOG claim its not necessary anyway as the area has extensive natural fractures. See here;



"2 As at the Horse Hill oil discovery, the Kimmeridge Limestone rock intervals are extensively naturally-fractured. This entirely natural fracture-system has enhanced the rock’s ability to enable oil to flow into a well at good rates. Consequently, the well does NOT require the use of the unconventional oil-field process of massive hydraulic fracturing, commonly known as “fracking”. "


All well and good , so far, apart from the fact we know that the majors decided to leave alone. Were they wrong?

We can only look at the drill results to date. They are under-whelming .
I find it difficult to see how the shallower zones can possibly perform better than the initial deepest flow test to date.
UKOG have emphasised the extensive natural fractures. If they are correct why has the deepest zone not flowed commercially?

"Although these two KL1 zones are hydrocarbon bearing, the Company concludes that sustained commercial flow rates from the shale dominated KL1 could likely only be obtained via reservoir stimulation beyond the scope of its existing regulatory permissions."

That's FRACKING required.

Further on in the RNS UKOG again mention their hopes for extensive natural fracking;

"Flow testing is expected to continue until the end of 2017 to establish whether the extensive connected natural fracturing seen in the oil-bearing KL2-KL5 primary objectives can deliver flow at commercial rates and volumes."

There were warning signs before the latest results; all the big 'smart' money cashed in and have left Pi's to the exciting ride.
"Death spiral' financing is a serious warning signal that the downside risk has increased dramatically.

We will just have to see , but, imo, the market cap appears hard to justify and a catastrophic collapse seems increasingly possible.

[elcapital2017] 19/11/2017 08:07

welshprik

You have no idea if ukog are going to announce flow rates next week and we will know theyre not going to be exciting. You make a fool of yourself yet again.

[shavian] 21/10/2017 23:40

Thanks KLF. I'm groping in the dark here, but I sense a joining of the dots between Ionic, Monash University, Cleanteq and RedT. Cleanteq has two main divisions, waste water technology and mining cobalt and nickel for battery technology. Its main backer is mining billionaire Robert Friedland who is also very interested in Vanadium, which powers RedT's Vanadium Redox Flow Machines. RedT's Scott MacGregor is an alumnus of Monash University. Could RF be pulling all the strings here?

[theklf] 21/10/2017 18:35

New Patent Breakthrough and Directors’ Interests

By simons / 2017-09-13

We now have a process for economically mass-producing our micro supercapacitors and our Directors and key personnel have taken direct stakes in the company.



Patent Update

Since we published the astounding results on our graphene micro planar supercapacitors 2 years ago, we have been working toward developing a device that not only demonstrates similar performance but can be produced at scale to deliver an economically viable device… After all, if we can’t make them economically, we’ll never make enough to make a difference…

The last 2 years of work culminated last week in our filing of a new patent titled: Capacitive energy storage device and method of producing same (Australian Provisional Patent Application 2017903619). The new patent covers:

The design of our new energy storage device, being a planar micro supercapacitor printed on a porous film;
Our technique of stacking multiple layers of planar supercapacitors to create a 3-D device that has ground-breaking energy and power density characteristics; and, most importantly,
Our method for printing these devices so that they can be mass produced at low cost.

The critical element in this new technology is our ability to print the supercapacitors in the 1000s per minute, rather than individually creating each device with an expensive, direct-write approaches using lasers or ion beams. The technology builds on our existing patent relating to graphene oxide membranes and it means we can create these devices as easily as factories today produce food packaging and labels using gravure printers.

The team is now working on assembling the prototype device which is scheduled for completion in the next 6 weeks before we go into trials for a period of several months. The expected end result is a supercapacitor energy storage device comprised of printed graphene micro planar supercapacitors that can be produced economically at scale.

We are extremely excited about this development as it brings us well within sight of a commercial product. The next steps involve identifying appropriate, world leading partners with whom we can introduce this technology into products such as medical devices, wearable technologies, IoT devices or remote sensing applications.

This addition to our suite of patents further strengthens Ionic’s IP position that already includes valuable patents on graphene oxide membranes, environmentally friendly graphene production and our original graphene micro supercapacitors.

[theklf] 21/10/2017 18:14

Will add research and other items here.

Ionic Industries - Australia's first company focused on the commercialisation of graphene technologies


Website :-




Presentation :-

[cyan] 03/10/2017 14:42

The last time this company issued proper accounts was on 30th September 2015.

On 22nd July 2017 BMD issued an update that stated that the consolidated accounts were "in the process of being formalised"

About time some accounts were published. What's the problem?

[cyan] 20/8/2017 11:51

SER has so little cash value now. Be interesting to read the accounts. My guestimate is , maybe , worth £150k.

On 31st december 2015 there were 812,741,519 shares in issue.
NOW there are an incredible 8,949,299,416. More than TEN times as many.
All these awards to directors is gradually transferring SER's 'wealth' to them. They now own over 45% of the company.
If SER has a value of £150k then each share is worth 0.001676108 PENCE.
If you own 1,000 shares they are , in theory, worth 1.6 PENCE; If you own ONE MILLION shares; value is £16.
How on Earth are shareholders going to get anything significant back?

The longer this farce goes on the more shares will be paid in 'FEES' to the directors . Its a transference of the company's 'wealth'.

And why does this company need 4 new directors?

How many people are paid UPFRONT' their fees without even doing a days work?

What do these 4 NEDS actually DO?

What value do they add?

[cyan] 15/7/2017 10:48

A Sefton NED sounding off;



The irony, oh the irony!

[cyan] 14/7/2017 12:28

Hi chatter1

You can keep up to date with SER 'developments' here;



Been years since audited accounts and way overdue for an AGM which , according to the companies articles of association should not exceed 15 months between meetings.