Sefton - A tiny and very undervalued oil company

EBB,

Well he definately mentioned a higher figure in the presentation, I will try and find my notes.

He also said it cost around $28,000 per well for the workover, and I calculated at the time that it wold take only two months for the payback, as they receive US credits of around $5 per barrel, over the value of the oil.



gartshore,

I agree, I don't like to see directors selling as a company is developing, not the best signal to send IMO.

EDIT

Just getting up to speed on TXO, and the guy that sold 300,000 still holds 18 million apparently!

That puts a different reflection on it IMO.


I am watching both SER and TXO for the moment.