News and Press Releases
Grant of cellular tower access easement
January 7, 2009
Further to the announcement made on 16 December 2008, the Company confirms that
it has granted a transferable exclusive perpetual easement over a 2,400 square
foot area (the 'Tower Parcel Area') located immediately south of TEG's Tapia oil
field but within its fee property boundaries to Global Signal Acquisitions IV
LLC ('Global') allowing Global to construct, maintain and operate a wireless
communications facility. The Company has also granted Global a non-exclusive
perpetual access easement to the Tower Parcel Area. The cash consideration
payable to TEG amounts to US$375,000 of which US$50,000 was paid on 31 December
2008 with the balance of US$325,000 due on 1 April 2009. The proceeds will be
applied towards the Company's ongoing drilling programmes in the Tapia field and
in Kansas.
Enquiries:
Jeremy Delmar-Morgan, Chairman, Tel: 077 8900 4874
John James (Jim) Ellerton, CEO, Tel: 00 1 303 759 2700
David Millham, Investor Relations, Tel: 078 5094 9324
Peter Trevelyan-Clark/Nick Harriss/Wye-Li Long Blomfield Corporate Finance Ltd.
Tel: 020 7489 4500
Daniel Briggs, Religare Hichens, Harrison plc, Tel. 020 7382 7776
Sefton Resources is an AIM listed oil and gas production company. 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 45,000 acres in the Forest City Basin of Eastern
Kansas where Coal Bed Methane gases, as well as conventional oil and gas
deposits, are targets.