oil stock short portfolio

4193 days ago

Sefton Resources October Data – Jim Ellerton over-eggs again – Cash now critical

AIM listed penny share dreadful oil producer Sefton Resources has today announced its output data from its Californian oilfields for October – 115 bopd. We shall await confirmation from DOGGR ( the state monitoring board) before inking that in as in the past Sefton’s numbers have been shown to be a tad optimistic. The statement from Chairman Jim Ellerton that accompanies it is worth a booker prize. The shares,1.4p today continue to be worth less than a Booker Prize – 0.01p if you are luck. The issue remains cash. Or lack of it.