Sefton - A tiny and very undervalued oil company

Pow you are completely justified in your thoughts, we can only go on what news we have seen in resent months, and what Reb highlighted the other day after talking to JDM. Perhaps you need to ring him even if its just to be reassured somewhat. Yes we can not be to complacent and until SER financial situation is clear we can only speculate on what is happening. I have faith that SER are doing what is needed to be done. OK a share buy would do wonders for the SP but as moon points out the cash would be far better off in the company, putting on a much stronger finical position. Workovers will have to be up to speed if they want to keep pumping the oil and this will require cash so all available cash is being used accordingly. As for the seller we are all in the same boat i just hope its someone who has no intrest in the company so has moved on and no more than that?