Sefton Resources Inc - SER Stream Log

Strong Rumours SER have Farmed in AND Why Kansas could be the turning point for investors in Sefton Resources!!!

Hark the herald b*llsh*t sings!

Buying started on the third company named and the other 2 have risen big time The Aim-listed Equatorial Palm Oil,Sefton Resources and KEA Petroleum made big gains on City rumours of impending good news from the trio. Labour's business credentials were dealt a blow in a note on the European energy market from HSBC yesterday. The bank said the decision of Centrica, British Gas's owner, to invest in the US rather than the UK has been "vindicated" by Ed Miliband's pledge last year to freeze energy prices if elected. Analysts said its shift "to higher-producing areas such as Norway and the US and away from the UK" justified its overweight rating, helping the company up 6.9p to 334.8p. HSBC also downgraded the energy provider SSE, off 8p at 1,417p, due to "increasing uncertainty about the implications of a Scottish referendum". Another day, another twist in Vodafone's attempted takeover of the Spanish cable operator Ono. After reports last week that it had tabled a second bid, thought to be between €7bn (£6bn) and €8bn, Ono's shareholders yesterday backed plans for a market listing in Madrid. The company's board are said to be still mulling the bid but it piles the pressure on Vodafone, down 5.15p to 224.4p, to up its offer. The FTSE 100 marked its fifth day of losses yesterday, down 67.12 points at 6,553.78, a five-week low. Retailers led the way down after dire results from WM Morrison spooked investors. One high street regular to make gains was the DIY group Kingfisher, up 4.5p to 407.4p, It was boosted by strong numbers from Home Retail Group, which rose 10.3p to 215.4p as it announced a sales boost at Homebase. Despite falling profits and job cuts, Numis was upbeat on Barclays yesterday, saying it is meeting regulators' capital requirements faster than expected. The bank clicked up 1.9p to 235.65p. On the mid-cap index, the online gambling group bwin.party made gains after revealing it was on track for a return to growth this year. Investors placed their chips on the table and the company rose 4.5p to 126.6p. The Aim-listed Equatorial Palm Oil,Sefton Resources and KEA Petroleum made big gains on City rumours of impending good news from the trio. Gulf Keystone Petroleum slid 23.75p to 120.25p after lowering output guidance on its Shaikan site in Iraq.

clearpath1 12 Mar'14 - 14:21 - 392975 of 392975 SER rumoured farm out deal this week directors back yesterday

to be fair 3D you were right about IFM even though its stalled a little

Key info ISIN VGG7996N1298 Symbol SER.GB MiFID Status MTF Please see Primary Market for more information. Latest Trades 05/03/2014 122 450,000 @ 0.22

America strong rumours management are on the way home with a farm in/JV

3D or Hark... where did you find that Gem?

Sefton Resources has followed a very shrewd strategy of picking up assets right at the bottom of the market, betting there would be a rebound. It acquired the Tapia Canyon heavy oil field in south-west California in 1997 when crude was selling for less than $20 a barrel. Similarly, its portfolio in Kansas was bought against the backdrop of record low gas prices. In this sense Sefton operates like the majors by assessing the long-term potential of an opportunity rather than trying to make a quick buck. However, a major transformation could occur if the group decides to go ahead with plans to use a process called full field wide steam flooding. Currently it is cyclical steaming individual wells where steam is injected into a producing well, which is then shut-in for a short time before being put on production again. An initial report from Dr Farouq Ali, of Heavy Oil Recovery Technologies, suggests it could lift recoveries to between 51-78 per cent in a full field wide steam flood, with daily output potentially rising to 1,750 barrels a day. In Kansas it has 50,000 acres in the Forest City Basin prospective for coal bed methane and conventional oil and gas, more than 56 miles of gas pipeline, and a 10million cubic feet a day gas processing facility. The pipelines were picked up for approximately $300,000 - and already they look a shrewd investment. Initially at least they will be used to liberate the region’s stranded gas deposits thanks to its link into a national distribution network. 'Anyone who wants to sell gas in that area of Kansas has to come to Sefton. 'Other people’s gas will be charged at around $1.25 per MCF. Although gas prices have come down, transmission prices haven’t. 'It also means our gas won’t cost that much to bring to market.' once the company’s pipelines are fully connected to the interstate system. The company has borrowings of $6million on very good terms, but is looking to swap this for a debt package with 'a little more flexibility' that might allow it to make opportunistic acquisitions. There is also the potential for joint venture financing, and farm-ins. The independent 'competent person's report', prepared by Dr NafiOnat, of Denver-based Sure Engineering, suggests Sefton’s Kansas acreage is prospective for 1.97million barrels of oil, and just under 56 BCF of gas. The hydrocarbons, combined with the Vanguard and LAGGS pipelines, are worth $140million, discounted at 10 per cent, according to the CPR. Meanwhile, the proved reserves of Tapia and Eurka Canyon, its other California asset, are valued at $138million. Meanwhile, the proved reserves of Tapia and Eurka Canyon, its other California asset, are valued at $138million. So clearly there is a disconnect between the current share price Meanwhile, independent research house Hardman & Co has placed a 15p target price on the stock. And its analyst Stephen Thomas has acknowledged that the impact of bringing the company’s Kansas acreage into production could more than double the net asset value per share to 32.9p.

flying now...not