3Dimensional's Posts

jilted 13 Mar'14 - 14:29 - 10830 of 10831 0 0 edit TheShareHub - Hunting for Multibaggers thesharehub.com/‎ 12 hours ago - Written by HUB March 12, 2014, HEADS UP on SEFTON RESOURCES/SER JV ON THE WAY.

jilted 13 Mar'14 - 14:29 - 10830 of 10831 0 0 edit TheShareHub - Hunting for Multibaggers thesharehub.com/‎ 12 hours ago - Written by HUB March 12, 2014, HEADS UP on SEFTON RESOURCES/SER JV ON THE WAY

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

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

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.

Key info ISIN VGG7996N1298 Symbol SER.GB MiFID Status MTF Please see Primary Market for more information. Latest Trades 04/03/2014 10:15 106,250 @ 0.23 04/03/2014 106 247,500 @ 0.224 04/03/2014 09:55 390,000 @ 0.224

ISIN VGG7996N1298 Symbol SER.GB MiFID Status MTF Please see Primary Market for more information. Latest Trades 04/03/2014 10:15 106,250 @ 0.23

ISIN VGG7996N1298 Symbol SER.GB MiFID Status MTF Please see Primary Market for more information. Latest Trades 04/03/2014 09:55 390,000 @ 0.224

Gold miner shares spiked sharply higher as investors scrambled to find safe havens as the crisis in Ukraine worsened. Russia’s seizure of Crimea over the weekend and deployment of thousands of troops to the Ukraine province has led to fears of a possible war in the country after the new government in Ukraine’s capital Kiev mobilised its armed forces in response Western governments have condemned the Russians and its president Vladimir Putin, but markets are waiting to see what action they take to try both to support the new Ukraine government and also to force the Russians to withdraw. Spot gold price jumped US$22 to US$1,344 despite gains for US dollar, which traditionally moves in an opposite direction to the price of the metal. Stocks were hit, however, with the Russian stock market dropping 10% at its open and London and other European bourses shedding about 2%. The exceptions were the gold miners, with all of the London-listed majors registering good gains with the exception of Russia-focused Petropavlosk (LONOG). The miner was already under pressure from the gold price weakness last year and is seen as exposed to risk the of economic sanctions being introduced on Russia. POG shares fell 9% to 84.63p while fellow Russia miner Polyus (LONOLY) shed 8%. The best of the performers were those with operations far way from the Ukraine, where sector leader and FTSE 100 member Randgold Resources (LON:RRS) added 3.8% to 4,922p. Mexican silver and gold miner Fresnillo (LON:FRES) edged higher to 955p while African Barrick (LON:ABG), like Randgold also focused on Africa, gained 4.5% to 294p. Among the smaller caps, producers fared the best with Philippines-based Medusa (LON:MML) a stand-out with a 12% rise to 125p. Greatland Gold plc (LON:GGP) was flat despite analysts talk of a major company update was very close and could be a long awaited farm in and a company maker. Sula Iron & Gold plc ( LON:SULA ) Rose on low volume despite a rumoured funding loan agreement at a premium of nearly 80%/5p roughly to the current 3p price per share with an update imminent. Centamin (LON:CEY) rose by 2% to 56p while Metals Exploration (LON:MTL), also in the Philippines, was 11% higher though it announced a writ against the company had been dismissed..

Gold miner shares spiked sharply higher as investors scrambled to find safe havens as the crisis in Ukraine worsened. Russia’s seizure of Crimea over the weekend and deployment of thousands of troops to the Ukraine province has led to fears of a possible war in the country after the new government in Ukraine’s capital Kiev mobilised its armed forces in response Western governments have condemned the Russians and its president Vladimir Putin, but markets are waiting to see what action they take to try both to support the new Ukraine government and also to force the Russians to withdraw. Spot gold price jumped US$22 to US$1,344 despite gains for US dollar, which traditionally moves in an opposite direction to the price of the metal. Stocks were hit, however, with the Russian stock market dropping 10% at its open and London and other European bourses shedding about 2%. The exceptions were the gold miners, with all of the London-listed majors registering good gains with the exception of Russia-focused Petropavlosk (LONOG). The miner was already under pressure from the gold price weakness last year and is seen as exposed to risk the of economic sanctions being introduced on Russia. POG shares fell 9% to 84.63p while fellow Russia miner Polyus (LONOLY) shed 8%. The best of the performers were those with operations far way from the Ukraine, where sector leader and FTSE 100 member Randgold Resources (LON:RRS) added 3.8% to 4,922p. Mexican silver and gold miner Fresnillo (LON:FRES) edged higher to 955p while African Barrick (LON:ABG), like Randgold also focused on Africa, gained 4.5% to 294p. Among the smaller caps, producers fared the best with Philippines-based Medusa (LON:MML) a stand-out with a 12% rise to 125p. Greatland Gold plc (LON:GGP) was flat despite analysts talk of a major company update was very close and could be a long awaited farm in and a company maker. Sula Iron & Gold plc ( LON:SULA ) Rose on low volume despite a rumoured funding loan agreement at a premium of nearly 80%/5p roughly to the current 3p price per share with an update imminent. Centamin (LON:CEY) rose by 2% to 56p while Metals Exploration (LON:MTL), also in the Philippines, was 11% higher though it announced a writ against the company had been dismissed.