I am indebted to my pal Brokerman Daniel for the link to data on individual wells operated by AIM listed penny share oil producer Sefton Resources (SER) in California as it illustrates exactly why its assets are so utterly worthless. Read this data in conjunction with my most recent article and then think carefully about the issue of capex required to grow output.
And I should warn Sefton that I am not finished with it. I am now going for the kill and as such there is another article on its way later today. Pro tem the target price for the shares ( now 1.175p) is 0.1p. That target may be revised shortly but not upwards.
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