All Stories

Sefton Resources - A Multiple Choice Question

Tom Winnifrith
Thursday 9 August 2012

I have never tipped – or that I can remember – written about AIM listed oil and gas company Sefton Resources (SER) and nor have I bought any stock in this penny share hopeful. The history of companies seeking to explore or produce hydrocarbons in the US but listing on Aim is so dire that I simply have not felt the need to seek an association. I cannot say that I know enough to rate the shares – at c2p – a buy or a sell. But an announcement today invites comment. Amid a stack of guff about appointing a new non exec and an operations director we are told:

Fox-Davies’ Site Visit

Recently Sefton’s lead broker Fox-Davies Capital completed a site visit to the Company’s operations in California and Kansas. Fox-Davies intends to initiate research coverage on Sefton in September once the interim results have been announced.

Award of Options

On finalising the £15 million EFF with Darwin Strategic Limited, Sefton agreed to grant Darwin 3.5 million share options which are exercisable at 3.25p over 3 years which has already been announced. Sefton has also agreed to grant Fox-Davies Capital1.5 million share options with the same terms and conditions.

Hmmmm.

on ADVFN | Comments
About Tom Winnifrith
Bio
Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
Twitter
@TomWinnifrith
Email
[email protected]
Recently Featured on ShareProphets
Sign up for my weekly newsletter








Required Reading

Recent Comments


I also read