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.
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.
“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.
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.
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?
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
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.