About

AIM Rule 26 Compliance

Last updated on 13 July 2011

  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. As of September 30, 2011, there are 350,031,959 shares of common stock outstanding.

  4. Directors and Officers holdings at March 28, 2011

    JJ Ellerton * 26,710,552 (7.60%)
    Karl Arleth 6,153,519 (1.80%)
    Mark Smith 2,080,240 (0.60%)
      34,944,311 (10.00%)


    * This includes Common Shares held by the C&J Resources, Inc. Pension Plan, C&J Resources, Inc. and J. Ellerton Consultants, all of which are Related Parties to Mr. Ellerton under the AIM Rules for Companies.

  5. The most recent admission to the stock exchange was the December 2000 IPO Document (PDF), and the 2010 Consolidated Financial Statements and the Annual Report for 2010 are the only documents sent to shareholders in the last 12 months.

  6. Audit and Compensation Committees

    Audit Committee
    The Audit Committee consists of Mr. K. Arleth, President and CEO, and Non-Executive Director Mr. M. Smith, who chairs the committee. 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 finance of the Company, formulate policy on such matters and present them to the board for consideration and possible adoption.

    Compensation Committee
    The Compensation Committee consists of Mr. K. Arleth, President and CEO, who chairs the Committee and one Non-Executive Director, Mr. M. Smith. 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 & OFFICERS
    John James Ellerton, Executive Chairman and Founder
    Karl Frederick Arleth, President and CEO
    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 LLP, 30 Crown Place, London EC2A 4ES

    Nominated Adviser: Northland Capital Partners Limited, 60 Gresham Street, London EC2V 7BB

    Nominated Brokers:

    Northland Capital Partners Limited, 60 Gresham Street, London EC2V 7BB

    Dowgate Capital Stockbrokers, Talisman House, Jubilee Walk, Three Bridges, Crawley, West Sussex RH10 1LQ

    Auditors:

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

    Third Party Engineer: Reed W. Ferrill & Associates, 3020 Joyce Way, Suite 100, Golden, Co 80401
    Solicitors (UK): Pinsent Masons LLP, 30 crown Place, London EC2A 4ES
    Solicitors (USA): Jones & Keller, 1999 Broadway, Suite 3150, Denver, CO 80202
    Registrars: Computershare Investor Services PLC, The Pavilions, Bridgwater Road, Bristol BS99 6ZY
    Bankers (UK): Lloyds TSB Bank plc, 34 Moorgate, London EC2R 6PL
    Bankers (USA): Bank of the West, 633 17th St., Suite 2100, Denver, CO 80202
    Investor Relations:

    Dr. Michael Green (Consultant), 5 St. John’s Lane, London EC1M 4BH

    Cadogan PR, Durham House, 1 Durham House Street, London WC2N 6HG
       

  8. Further information may be found in Management Bios, Assets of the Company, Investor Relations, Press Releases, and the Annual Report for 2010 (PDF)

The above information has been disclosed pursuant to Rule 26 of the AIM rules for companies.