Sefton Resources Share Discussion Threads

[yas0] 01/2/2008 14:49

I wonder how minerman the matador knows I have given Mickey Take a roasting when he has me filtered. lol. Enough said.

Seftoners pretend to apply the filter, but the gondola seminars are something they feel are a compelling read. Who can blame them.

[yas0] 01/2/2008 14:47

Dear New Readers,

I note that the markets have had a rather good morning. Now let me see how Sefton have reacted...ummm....oh dear. Not much of an impact.

The fact is, as I oft report, there is a lck of willing buyers. It seems that a highly risky oil tiddler, with a record of having failed to generate a full year profit and now having taken on debt is not top of the priority list for buyers. Who can blame them.

[the matador] 01/2/2008 14:46

Too true Mickey, I see he has been giving you a roasting lately! Perhaps you should bake off a bit and allow him to simmer down!

[mickey take] 01/2/2008 14:41

Don't mention Yas0 or you could be subject to his broth!

[markinthepark] 01/2/2008 14:38

where...in the oil field or mat's kitchen?

[investorjon] 01/2/2008 14:38

So is the steaming bac on?

[the matador] 01/2/2008 14:37

Looks like I've stirred things up here now! I hope Yaso doesnt think I am trying to curry flavour with him lol!

[markinthepark] 01/2/2008 14:28

Don't get saucy......

[unionhall] 01/2/2008 14:28

perhaps it is all pie-in-the-sky ?

JE telling porkies ?

Could there be any rasher comments ?

[mickey take] 01/2/2008 14:24

I think your making a meal of it now!

[markinthepark] 01/2/2008 14:21

TM,

Chilli out mate I was only yolking..........

[the matador] 01/2/2008 14:16

Mark, everything I cook is a creation, I never use recipes!

No need to rub "salt" into the wound now is there?

[deanroberthunt] 01/2/2008 13:45

whatever you do, don't give up the day job...."its the way I tell em", not.

[mickey take] 01/2/2008 13:44

Is it Pee soup?

[markinthepark] 01/2/2008 13:30

LOL....ps How do you "create" soup? I thought that you made soup......

[the matador] 01/2/2008 13:15

I have thyme on my hands today from a soup I am creating and I sold a few shares, does that make me a "seasoned" investor lol?

[the matador] 01/2/2008 08:57

Ah, I see numpties are referring to that spreadsheet again!

Blah, blah, blah bobby2 blah blah blah mine man blah blah blah relsiihisinhg blah blah blah............................

[tim00] 01/2/2008 08:31

yes, the discount to WTI, I agree. I was talking about the discount for lifting costs etc. I don't bother talking about the WTI price, it just adds confusion.

[relishing] 01/2/2008 08:27

No, the discount to WTI is in the oil price received at the pump due to it being 18 degrees API. It's not taken off later.

[tim00] 01/2/2008 08:26

In terms of the accounts, the discount is not applied to revenues/oil prices, but added to expenditure as a "cost of goods sold". I follow that convention.

[relishing] 01/2/2008 08:23

fleas,

But if you look at my spreadsheet in the header and at the figures I calculated for H1 using a $10 discount to WTI, the figures came out very close to the published figure. The real discount is slightly less than $10.