Sefton Resources Share Discussion Threads

[cyan] 03/2/2018 12:54

On 4th October 2017 BMD tweeted this line;

"We await accounts then we call AGM etc Update after AGM ⦁#SER"
==============================================================

So the lack of any accounts is the fault of the accountants? Ridiculous.

[pr100] 02/2/2018 12:40

Levi tweeting up a storm about a "big push" after the AGM with "all cash preserved". Doesn't sound likely.

[tomrob] 24/1/2018 18:11

Just in case anyone wondered what happened to the bunch that took on Tapia:

Shortly after taking on TEG USA, Hawker stopped making filings and was finally delisted last year.
And in case you thought that the decline in the field production under Sefton was down to mis-management by Ellerton, well I guess it could have been, but the decline continued after he was gone:
2014 production 26,369
2015 production 18,830
2016 production 15,616
Interestingly I got that from a summary of the DOGGR figures produced in a table showing the production from California's dirtiest oilfields.


As it happens this does perhaps have a tiny (really, really tiny) bearing on those who still have an interest in Sefton since the latest published accounts, which are still those for the year ending January 2015, show $180k of value on the balance sheet in respect of the 3m Hawker shares it held at that date, although half of those were were returned for cancellation in March of that year as part of the BoW collateral release.

(...... when you're supposed to be doing your tax return and you just can't get yourself to get on with it you end up googling some old nonsense.....)

[elcapital2017] 15/12/2017 09:24

He cant, he is broker lost mommys pension pot. Lives in a fantasy world

[cyan] 13/12/2017 14:11

Isn't it an offence to misrepresent ones self as an authorised trader? ummmm

[uknighted] 13/12/2017 08:12

Does mummy know?

[andy] 13/12/2017 08:07

You mean one's castle!

[cyan] 12/12/2017 21:08

This is sooo funny. Guess who tweeted it;

"2018 is going to be a very good year i have a whole floor of traders now"

Must be a coach load staying at the bed & breakfast. There's a clue ho ho ho

[cyan] 09/12/2017 17:06

I doubt anyone will like the next news.
Remember this; 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 the awards to directors was gradually transferring SER's 'wealth' to them.

They now own over 45% of the company.

My guess is the next thing will be an announcement of further share awards taking the directors combined shareholdings to over 50%.

Shortly thereafter THEY alone will decided to wind up and carve up the remaining cash between themselves.

With over 50% of the shares they do not have to waste time with their victims.

[uknighted] 30/11/2017 22:09

It's all gone very quiet of late!

2017 Press Releases

22 Jul 2017 Sefton Resources Update
1 Jul 2017 Sefton Resources Update
14 Apr 2017 Sefton Resources Update
14 Mar 2017 Sefton Resources Progress Update
21 Feb 2017 Sefton Resources Update
16 Feb 2017 Press Release

[cyan] 30/11/2017 21:29

Dan has a lot to say about others 'failure'

How could anyone ever have seriously believed the utter BS ramping lunacy from BMD & his side kick Chrisoil.

Remember those Bahamas 4 billion barrels?




Extract;

"Any changes on Sefton, could involve bringing in further assets from the Bahamas if the Indonesian deal fails to complete. Assets that we are actively negotiating."

Another fantastic tale that came to nothing, failure after failure

[daniel levi bmd] 30/11/2017 14:22

FYI

Great read.

Ascent Resources Clive Blames 6 Week 'SHAG' for 6 Years of Failure

[cyan] 28/11/2017 14:43

Would you believe it? Spam from Dan the man.

As CEO of Sefton resources would you like to update folks here, Dan?

[uknighted] 28/11/2017 13:38

It seems the addition of Chris Bailey to the board hasn't improved things but then he's just a yes man for Dan the Man is he not?

[cyan] 28/11/2017 13:09

Yes uknighted this is the SER thread.

Where are the accounts? When is the agm? When will BMD give an update on SER?

There is complete radio silence from SER's saviour .

One can only speculate where he invested the remaining cash. Maybe lottery tickets.

The missing accounts raises interesting questions. From the 22nd July update one could reasonably infer BMD engaged accountants.
The question is why have we not seen the signed off results.?

Did they uncover things they were 'unhappy' with?

[elcapital2017] 28/11/2017 12:59

Seen this so many times in the small caps. Didnt really have to know anything about where it was, it was following the normal pattern. It will have some good news soon though, well mediocre news dressed up as good news. Part of the way these things go

[uknighted] 28/11/2017 12:58

Is this a SER thread?

[cyan] 28/11/2017 12:56

Two weeks of testing the zones and not one tanker seen.

There is a clue there as to flow rates.

Does not look like the majors assessments were wrong.