Sefton Resources Share Discussion Threads

[bobbyg2] 08/2/2008 09:18

nice post union

were heading up the gainers board so should get some peeps popping in to see whats up - nice to let people know theres still plenty of upside to come.

[unionhall] 08/2/2008 09:16

I'm trying to say Mineman/Matador/California Joe/Relishing is/are absent this morning so I make my unworthy contribution to the good vibes ( and factual posting)......

[bobbyg2] 08/2/2008 09:14

thar she blows

:)

[alexliddy] 08/2/2008 09:13

Union what are you trying to say

[unionhall] 08/2/2008 09:08

123m shares fully diluted. (6m cap at 5p)

190+ bopd in december.

First of three new wells spudded on Feb 7th. All three should be complete by end-March (100% drilling success to date in california field)

Estimated profit after tax of £500k + in 2007.(see relishing post in header)

Steaming (to increase reserves and production significantly if successful) hoped to start in Feb.

To start development of CBM assets in 2008.

SP valued at between 10p and 56p based on levels of success in above efforts.(Hardman)

Finance in place if needed, small draw-down to date, Cash-flow supporting new drilling.

[bobbyg2] 08/2/2008 09:03

dean - very true, ive been saying that for yonks - I'm the unwaverable sefton bull.

[unimog] 08/2/2008 09:00

At least ser is up there on the % gainers for the 2nd day. It might get a bit of notice from others.

[deanroberthunt] 08/2/2008 08:57

bobby...no shock about this imo, its overdue....the bull case is irrefutable.

[deanroberthunt] 08/2/2008 08:56

Iain will let us know as the Sefton Attache.

[bobbyg2] 08/2/2008 08:56

we dont know what to do when it rises dean - most are in shock :)

[bobbyg2] 08/2/2008 08:55

morning all

nice bit of blue this morning.

Its option 2 all the way for me - and I think this is Seftons thinking too from the conversations ive had.

[deanroberthunt] 08/2/2008 08:54

what a funny bb...we get more banter when the share price flatlines and there's no news....completely opposite to almost every other bb.

talk to myself then....

[deanroberthunt] 08/2/2008 08:50

5.42p on the bid.

[deanroberthunt] 08/2/2008 08:32

peeps paying 6p already.

[deanroberthunt] 08/2/2008 08:28

Indubitably....

[unimog] 08/2/2008 08:26

Dean..Mmmm..I think we may owe Iain a drink or two.

[deanroberthunt] 08/2/2008 08:22

unimog...timely buys of ours ;¬)

[unimog] 08/2/2008 08:17

selftrade sell 100k @5.3p v buy only 5k @ 5.5p

[tim00] 08/2/2008 08:10

You might be right, I don't know, but I guess his bank balance is even more important to him.

[mickey take] 08/2/2008 08:07

Yep- Option 3 would also be good, but i think JE is of the type that wants and needs control, whether he is capable or out of his depth it doesn't matter to him.... Just my opinion.

[iain g] 08/2/2008 08:06

& their off & Ser has a slight up turn from the pre market 2.5% down too 2.5% up

A nice start to the the day

[tim00] 08/2/2008 07:59

mt, I agree with you that a JV would be preferable. But there are time limits on Sefton wrt the CBM assets. I guess they can always buy in the necessary expertise by employing suitably knowledgeable experts and giving them share options.

[deanroberthunt] 08/2/2008 07:59

I agree, number 1 would be suicidal, but...

Whats wrong with option 3, the free carry with a small return? they would get an upfront payment (cash) and then regular income if drilling is successful.

this happens all the time.

[mickey take] 08/2/2008 07:56

drh- Re- CBM, I think there is only one option and that is the JV route, they do not have the expertise or in house resource to tackle the cbm prospect

I would be very concerned if they were to announce to go alone on that project.