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Sefton - A tiny and very undervalued oil company

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QUINAN - Tue, 03 Jan 06 :

hi reb not yet will have a look, and yes i think it will be a happy new year for SER holders so i have just put some figures down?

So here is my pessimistic and optimistic vie for 2006

Pessimistic, If SER does not increase its oil production and the price goes to $40 receivable to SER we would be looking at $3.08mnl for around 350 days production, with around a $1.386 profit?

Optimistic If SER increases oil production ether by huff and puff or SAGD to 400-600 bopd the oil price remains at the current level $50 receivable to SER we would be looking at (top end 600bopd)
220bopd up till March $990,000
March 400 bopd $600,000
April 500bopd $750,000
May onward 600bopd $7.5mln
Total $9.84mln
Profit $4.4mln

Any one want to add to this look into 2006 feel free this is just my vie of the coming year, ether way we will see profit its just a matter of how much.


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