Sefton Resources. The Lies Continue.

by Dan Levi · 17 March, 2013

As you are all aware AIM listed (Not for long) Sefton Resources (LSE:SER) is suing myself and my pal Tom Winnifrith for libel. Our crime being to have the audacity to unmask the Board, (With the exception of Mr Morris) lead by Hawaii Jim, who has amassed a multi million dollar fortune by lies, deceit, manipulation and down right fraud. For obvious reasons I can’t divulge the full weight of evidence here but what I can do is give investors a glimpse, now & then, of how the company have hoodwinked UK Investors for 12 years. For me this is what I do for a living; the first rule of journalism, before you stick your head above the parapet, is to “Have it in the bag” That means one makes certain that ones evidence is concrete.

The history of Sefton is one of forever trumpeting false dawns, the jam tomorrow presentations, seminars, investor relations, newsletters and patently fraudulent so called “Independent” Research notes used to string along UK Investors for 12 years & all paid for by? Why Sefton. Put to one side that the sp has cratered in value by 99.97% while Jim and his mates have creamed it in, the costing’s must run into hundreds of thousands of dollars since their IPO in 2000.

This was in the Trading update 5 of March 2013.It seems that some people just never know when to stop lying. Of course they’ll now come out with more lies to conceal these lies. I bet Jim’s feeling a bit “hot under the collar” in his Hawaiian paradise home.

Cyclic steaming

“The portable steam generator will complete injection into the Snow #5 well shortly. Approximately 7,000 bbls of steam have been injected thus far. Snow #5 will be the final well to be steamed on the Snow lease before moving to the Hartje lease. Snow #3 and #4 were returned to production after steaming, and are showing a response to steaming. Collectively they are producing 23 BOPD ****(vs. 4 to 5 BOPD total before steam).**** Snow #5 will be returned to production in late March.

I’ve checked Snow3 & Snow4 well data you can see below for yourselves.

SNOW3 OIL PRODUCTION DATA PRIOR TO STEAMING No production for 6 months. Then June 2012, 72 barrels for the month. July 2012, 21 barrels for the month. Total oil produced for 2012 was 625 barrels. Snow3 is a Stripper well.

Date	Stat	Oil(bbl)	Water(bbl)	Days	Gas (Mcf)	Gravity	Csg	Tbg	BTU	MO	Disp
01/2013		0	1,212	6	0	18.1	0	0	0	3	5
Total 2013		0	1,212	6	0
12/2012	06	0	0	0	0	0.0	0	0	0
11/2012	06	0	0	0	0	0.0	0	0	0
10/2012	06	0	0	0	0	0.0	0	0	0
09/2012	06	0	0	0	0	0.0	0	0	0	3	5
08/2012	06	0	0	0	0	0.0	0	0	0	3
07/2012		21	95	17	22	18.8				3	5
06/2012		72	230	23	47	18.4				3	5
05/2012		125	318	31	101	18.2				3	5
04/2012		102	335	30	46	18.4				3	5
03/2012		94	266	31	42	18.4				3	5
02/2012		94	284	29	51	18.3				3	5
01/2012		117	644	31	29	18.2				3	5
Total 2012		625	2,172	192	338

SNOW4 PRODUCTION DATA PRIOR TO STEAMING. No production for 4 months. Then it varies between 7, 8, 9, 6, barrels for the next 4 months. Snow 4 produced the grand total of 91 barrels of oil in 12 months in 2012. Mouth watering! Snow4 is a Stripper well.

Date	Stat	Oil(bbl)	Water(bbl)	Days	Gas (Mcf)	Gravity	Csg	Tbg	BTU	MO	Disp
01/2013	06	0	0	0	0	0.0	0	0	0
Total 2013		0	0	0	0
12/2012	06	0	0	0	0	0.0	0	0	0
11/2012	06	0	0	0	0	0.0	0	0	0
10/2012	06	0	0	0	0	0.0	0	0	0
09/2012		7	25	30	7	18.2	0	0	0	3	5
08/2012	00	7	23	29	4	18.2	0	0	0	3
07/2012		8	22	31	9	18.8				3	5
06/2012		6	16	21	4	18.4				3	5
05/2012		9	24	31	7	18.2				3	5
04/2012		7	29	30	3	18.4				3	5
03/2012		26	74	31	11	18.4				3	5
02/2012		15	33	29	8	18.3				3	5
01/2012		6

So here’s my questions to Sefton Resources and ALL their paid to look the other way representatives.

1/Where do you get the combined Snow3 & Snow4 4/5bopd claim PRIOR TO STEAMING?

2/Who wrote the March 5 2013 Trading Update?

3/Who signed off the March 5 RNS Trading Update?

4/Does any one working for the company own a calculator?

Jan 2013 combined is Zero bopd… Dec 2012 combined is Zero bopd… Nov 2012 combined is Zero bopd… Oct 2012 combined is Zero bopd… Sept 2012 combined is 7 barrels for the ENTIRE month = 0.116bopd… August 2012 combined also 7 barrels for the ENTIRE month = 0.116bopd… July 2012 combined is 29 barrels for the ENTIRE month = 0.93bopd… June 2012 combined is 78 barrels for the ENTIRE month = 2.6bopd

It is only when you go back to May 2012 can the combined figures for Snow 3&4 be described as between 4/5 bopd. They are actually 4.3 bopd which is still not 5 bopd. The April 2012 figures are about 3.5bopd. March 3.8bopd & Feb 3.8bopd Jan 2012 3.9bopd. This is a gross misrepresentation of the facts. The March 5 2013 updates on Snow3&4 are laughable. Glimpse ye all below.

A simple equation for Sefton. Snow 3 2012 production totalled 625 barrels. Snow4 2012 production totalled 91 barrels. THUS: 625+91= 716 ÷ 366 = 1.95 bopd for 2012 (Leap Year). Now reverse 8 months back from Jan 2013. Both wells combined production is 0.5 of a barrel for those 8 months or to put it in to perspective averages, each well would be averaging 0.25 of a barrel over the 8 months. Shocking but true.

Aloha

Dan