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 March 31, 2009

    Directors and Associates  
    J. Ellerton (including J Ellerton Consultants): 5,523,152 (4.75%)
    J. Delmar-Morgan: *5,832,490 (5.01%)
    A. Ashton: **1,272,132 (1.09%)
    H. Barnum: 380,955 (0.33%)
    B. Mackay: 211,720 (0.18%)
      13,220,449 (11.36%)

    * including 1,052,313 registered in the name of his wife, Mary-Elaine Delmar-Morgan and 766,666 held as depository interests through Pershing Nominees Ltd. a/c HHCLT

    **including 111,200 registered in the name of his wife, Pamela Ashton

    Other Shareholders holding 3% or more of the Company’s issued Common Stock
    TD Waterhouse Nominees Europe Ltd. a/c SMKTNOMS: 14,098,626 (12.11%)
    Barclayshare Nominees Ltd.: 10,236,170 (8.79%)
    LR Nominees Ltd: 9,833,203 (8.49%)
    HSDL Nominees Ltd.: 7,579,652 (6.51%)
    Raven Nominees Ltd: 8,348,789 (7.17%)
    Pershing Nominees Ltd: 4,489,222 (3.86%)
    Gary Dillabaugh 3,486,721 (2.99%)
      58,072,383 (49.90%)

    Note: Sefton Resources has issued 116,387,779 common stock units of no par value, of which 22.72% is not in public hands.

  5. The most recent admission to the stock exchange was the December 2000 IPO Document (PDF), and the Annual Report for 2008 is the only document sent to shareholders in the last 12 months. Also see the Results For The Six Months to 30 June 2008.

  6. Audit and Compensation Committees

    Audit Committee
    The Audit Committee, which consists of two Non-Executive Directors being Mr. J. Delmar-Morgan and Mr. A Ashton, is chaired by Mr. Delmar-Morgan. 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 The Compensation Committee, which consists of two Non-Executive Directors of the Company being Mr. J. Delmar-Morgan and Mr. A. Ashton is chaired by Mr. Ashton. 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 Associates
    Jeremy Hugh Delmar-Morgan, Non-executive Chairman
    Michael Anthony Ashton, Non-executive Director
    John James Ellerton, CEO (Sefton), Executive Director
    Harry Patrick Barnum, CEO (TEG USA), Executive Director
    Robert Bruce Mackay, CEO (TEG MidContinent) 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

     

    Broker:

    Religare Hichens, Harrison PLC, Bell Court House, 11 Blomfield St., London, EC2M 1LB

     

    Nominated Adviser:

    Blomfield Corporate Finance Limited, 1 – 3 College Hill, London EC4R 2RA

     

    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):

    Holme, Roberts & Owens, 1700 Lincoln Street, Suite 4100, Denver,
    Colorado, CO 80203

     

    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

     


  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)