I have noted before the curious way that AIM listed penny share dreadful Sefton Resources (SER) communicates with its investors. Having advised you to bail at 2p initially I reiterated my sell advice a couple of days ago with the shares at 1.58p after the company issued piss poor interims. But my confusion with the way this company keeps investors updated grows by the day.
I start with its California producing assets and with what production Sefton has historically delivered.
On 6th March 2012 Sefton announced “Currently Sefton is averaging approximately 140 bopd for the month of February (with production as high as 178 BOPD in the later part of the month).”
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