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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sefton Res. | LSE:SER | London | Ordinary Share | VGG7996N1298 | COM SHS NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.015 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
07/2/2008 10:07 | morning all I was still in bed rel. mmmmmm bed. Nice RNS, lets hope they started early enough to get 4 wells out of the rig before it moves on. California Joe - you forgot final results also due in april which should more than reassure anyone worried about their cashflow & debt position. | bobbyg2 | |
07/2/2008 10:03 | Probably all stuck up MRPs rectum...to be honest, who cares, value will win out in the end...better a steady maintainable rise over coming months, rather than boom and bust. | deanroberthunt | |
07/2/2008 10:02 | Surprised by the relatively quiet thread. Is everyone in shock or still in bed? | relishing | |
07/2/2008 09:51 | high likely that 2008 is to be the transforming year for this minnow.... | deanroberthunt | |
07/2/2008 09:45 | Fantastic news. Surely not even the most optimistic bulls expected the first well to have already spudded last Sunday? I didn't. Steaming pilot just waiting for one of Arnie's assistants to sign it off and its full STEAM ahead. Sefton have actually under-promised and over-delivered :) It's GAME ON time. | relishing | |
07/2/2008 09:43 | Do not hang your hopes on steaming - treat that as a bonus if it arrives. With an aggressive drilling campaign (something I thought Sefton were not capable of), this underpins the share price. | yas0 | |
07/2/2008 09:42 | Sefton Resources says TEG unit begins drilling Snow 3 development oil well LONDON (Thomson Financial) - Sefton Resources Inc said its TEG Oil & Gas USA unit has started drilling the Snow 3 development oil well at Tapia Field in California. As a result of the planned step-out wells in 2008 and the drilling in late 2007, its cash flow has improved considerably, which will allow Sefton to develop its assets without substantially increasing its debt, the company said. | california joe | |
07/2/2008 09:41 | Sefton will be announcing the steam pilot commencement, further drilling completion, initial and 30 flow rates all within the next two months. After that, the steaming results and increased reserves, followed by commencement of the actual steaming. Newsflow will be consistent and very likely all positive. I would not expect to see the sub 5p level ever again! | california joe | |
07/2/2008 09:35 | expect lots of newsflow over the coming weeks/months...we have traction, we have momentum... | deanroberthunt | |
07/2/2008 09:35 | Excellent news. Drilling started on Sunday 3rd and will take eight to ten days to drill and complete. So, more news as early as next week then! | someuwin | |
07/2/2008 09:33 | I am a little surprised at the muted reaction to the operations update today - for the first time Seftoners have had a bullish update, and they are not excited. It makes you wonder. | yas0 | |
07/2/2008 09:33 | An issue that has been the topic of many a discussion here, mostly in the form of encouraging negativity, this comment adds weight to the fact that the drawdown will only be used to finance major cost moves such as CBM projects or drilling campaigns, whilst their overheads will be met with revenue from the additional oil flow. "The improved cash flow will allow Sefton to develop its assets without substantially increasing its debt." Sefton are certainly heading in the right direction and at last the management appear to be taking on board their responsibilties to investor concerns. Good RNS, well worded, no ambiguity. | california joe | |
07/2/2008 09:28 | come on sefton you can do better than .25p | fatfish | |
07/2/2008 09:27 | I particularly like this bit most of all Chairman, Jeremy Delmar-Morgan commented, "It has been a good start to the year with the drilling program now underway. As a result of the planned step-out wells in 2008 and the drilling in late 2007, our cash flow has improved considerably. The improved cash flow will allow Sefton to develop its assets without substantially increasing its debt." | fatfish | |
07/2/2008 09:25 | Main highlights for me - a) 4 wells scheduled for Quarter 1 - that is fairly aggressive and shows that they are getting their act together. b) Cashflow to be improved considerably as a result - remember folks, cashflow is king for companies that have taken on debt, not necessarily profit to begin with at least. c) Do not be disheartened by the delay in steaming - it can be considered a bonus. With good control of costs, and use of cashflow in part to develop further wells, this appears to have put in a short term floor on the price. Remeber folks, oilers generally go up in anticipation of drilling. For the first time Sefton have announced a drilling campaign with dates, number of wells and cashflow considerations. This merits a change of stance. | yas0 | |
07/2/2008 09:19 | Yas0 is consistent though regarding Sefton, he's 100% wrong....but not gracious enough to admit it. | deanroberthunt | |
07/2/2008 09:18 | Dear All, I shall do a fuller comment on the update in a short while - but my reading, it may surprise readers, is that this is not a bad update at all. Notwithstanding the delay to steaming, the drilling has started and things are moving. If there are those that are short, in the near term at least, I would close. The gracious fellow calls sefton a short term long, good for a few pence at least. | yas0 | |
07/2/2008 09:18 | Union, they are normally blank this time of day. I'm expecting dec's figures to be updated by next week. it normally happens 6-8 weeks after month end. | fleascool | |
07/2/2008 09:18 | fleascool...but appears that all the process/mechanical engineering issues have been resolved...so its over the top and sucks to you Fritzy. | deanroberthunt | |
07/2/2008 09:16 | By the way: "Each of these three to four wells are step-out wells designed to extend the productive limits of the Tapia Oil Field to both the east and west" Nice sentance. | fleascool | |
07/2/2008 09:16 | The Government production figures linked in the header are blank - perhaps they are updating the December figures. (Hopefully) | unionhall | |
07/2/2008 09:15 | Morning All. Good news that drilling started on 3rd, only 2 days late eh Yas??? Still a little concerned about the continued delays over steaming. Another admin process to go through. I understand California is one of the toughest places to be an O&G company!!! Still, spudded new well on 3rd, 10 days takes it to 13th, 2days to move to next site spud next well on 16th, 10 days to drill 26th, 2 days to move 28th, spud 29th, finish all 3 wells by 10th March. Assuming it takes 10 full days to drill all wells, and 2 days to move the equipment each time. I'd hope they will have permission to start steaming piloting by then.... Flea | fleascool | |
07/2/2008 09:12 | "Each well will take eight to ten days to drill and complete." I love the simplicity of these - drill and flow within a fortnight. No months of waiting for driling and testing and wire logs etc.... I imagine these new well production figures may be a bit lower than recent - but that is fine as long as they incrementally increase production. | unionhall | |
07/2/2008 09:03 | Looks like my buys yesterday were impeccable timing, helped by the update from Iain, thx fella. | deanroberthunt |
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