About

AIM Rule 26 Compliance

Last updated on 13 May 2009

  1. Sefton Resources is an AIM listed oil and gas production company. Sefton is a British Virgin Island Corporation currently operating in the US. Its main core area of activity is in the East Ventura Basin in California, where it owns 100% of two oil fields, Tapia Canyon (heavy gravity oil) and Eureka Canyon (medium gravity oil), both of which have over twenty years of expected production life. In addition, Sefton has over 40,000 acres in the Forest City Basin of Eastern Kansas where Coal Bed Methane gas, as well as conventional oil and gas deposits, are targets. (see Assets).
    Articles of Incorporation (PDF)

  2. The Company is incorporated in the BVI and the rights of shareholders may be different from the rights of shareholders in a UK incorporated company.

  3. Sefton is traded only on the AIM exchange and there are no restrictions on the transfer of its AIM securities.

  4. Directors and Officers holdings at August 3, 2010

    J. Ellerton * 21,620,152 (16.19%)
    J. Delmar-Morgan ** 6,317,490 (4.73%)
    A. Ashton *** 1,272,132 (0.95%)
    K. Arleth 1,063,119 (0.80%)
    H. Barnum 992,555 (0.74%)
    B. Mackay 211,720 (0.16%)
    M. Smith 55,600 (0.04%)
      31,532,768 (23.61%)



    Other Shareholders holding 3% or more of the Company’s
    issued Common Stock:
    TD Waterhouse Nominees 14,098,626 (10.55%)
    Barclayshare Nominees 10,236,170 (7.66%)
    LR Nominees 9,833,203 (7.36%)
    Raven Nominees 8,348,789 (6.25%)
    HSDL Nominees 7,579,652 (5.67%)
      50,096,440 (37.49%)

    * This includes shares held by the Pension Plan, the Corporation and J Ellerton Consultants, all of which are Related Parties to Mr. Ellerton under the AIM Rules.
    ** This includes 1,052,313 Common Stock in the name of Mary-Elaine Delmar-Morgan, Mr. Delmar-Morgan’s wife.
    *** This includes 111,200 registered in the name of his wife, Pamela Ashton.

  5. The most recent admission to the stock exchange was the December 2000 IPO Document (PDF), and the 2009 Consolidated Financial Statements is the only document sent to shareholders in the last 12 months.

  6. Audit and Compensation Committees

    Audit Committee
    The Audit Committee, which consists of two Non-Executive Directors being Mr. K. Arleth and Mr. M. Smith, is chaired by Mr. Smith. The Audit Committee is responsible for ensuring that the financial performance of the Company is properly monitored, controlled and reported on. It will also meet outside professionals (auditors, attorneys etc.) without executive Board members being present. The Committee will also liaison with management regarding corporate matters involving the finances of the Company, formulate policy on such matters and present them to the board for consideration and possible adoption.

    Compensation Committee
    The Compensation Committee, which consists of two Non-Executive Directors being Mr. K. Arleth and Mr. M. Smith, is chaired by Mr. Arleth. The Compensation Committee is responsible for reviewing the performance of the Executive Directors and other senior executives and setting the scale and structure of their compensation on the basis of their service agreements with due regard to the interests of Shareholders. The Compensation Committee will also make recommendations to the Board concerning the allocation of share incentives to employees as and when such incentives are adopted. The compensation of members of the Compensation Committee shall be determined in accordance with good practice by the remaining Board members.

  7. General Information
    Directors and Officers
    John James Ellerton, CEO (Sefton), Executive Director
    Harry Patrick Barnum, President (TEG USA), Executive Director
    Robert Bruce Mackay, Non-executive Director
    Karl Frederick Arleth, Non-executive Director
    Mark Richard Smith, Non-executive Director



    Registered Office:

    PO Box 71, Road Town,Tortola, British Virgin Islands

    Administrative Office:

    2050 S. Oneida Street, Suite 102, Denver, Colorado, CO 80224

    Company Secretary:

    Pinsent Masons, CityPoint, 1 Ropemaker Street, London EC2Y 9AH

    Nominated Adviser: Religare Capital Markets, 100 Cannon St., London EC4N 6EU

    Nominated Broker:

    Religare Capital Markets, 100 Cannon St., London EC4N 6EU

    Auditors:

    Chantrey Vellacott DFK LLP, Russell Square, 10-12 Russell Square, London WC1B 5LF

    Solicitors (UK):

    Pinsent Masons, CityPoint, 1 Ropemaker Street, London EC2Y 9AH

    Solicitors (USA):

    Jones & Keller, 1999 Broadway, Suite 3150, Denver, CO 80202

    Registrars:

    Computershare Registrars, PO Box 82,The Pavilions, Bridgewater Road,
    Bristol BS99 7NH

    Bankers (UK):

    Lloyds TSB Bank plc, 34 Moorgate, London EC2R 6PL

    Bankers (USA):

    Bank of the West, 633 17th Street, Suite 2100, Denver, Colorado, 80202

    Investor Relations: Sierra Partners, LLC, 1888 Sherman St., Suite 780, Denver, CO 80203

  8. Further information may be found in Management Bios, CorporateStructure (PDF), Assets of the Company, Investor Relations, Press Releases, and the Annual Report for 2008 (PDF)