News and Press Releases
Rig and Steaming Update
October 12, 2007
Sefton Resources Inc announces that preparation works for
the steam pilot and
addition wells to be brought into the system are progressing ell. The delivery
of the drill rig, however, is likely to be delay for at least another week.
The gas supply lines, separator and metering hook-up work
has now been completed and will be tied into the steam generator unit in the
coming week. This work is
on schedule including changing the wellhead valves, the delivery of a low-boy
trailer, pipeline tie-ins and the installation of new flowline and gas recovery
lines as well as the finalising work needed for an Air Board operating permit.
The reason for the delay with the drill rig, expected in September, is that it
has still to complete its present work with another contractor. Sefton is next
in line, but the rig is now unlikely to be available until the week of October
15. Chief Executive, Jim Ellerton commented "it is unfortunate but the nature of
these deals is that you only get the rig when it has completed its previous
work. We are next in line, but the current contractor has encountered problems
which means that it has still to complete its present work. We can only give a
best estimate of the date when the rig will come available, continue to be
patient and do everything in our power to be properly prepared for its arrival.
It is frustrating, but we will let shareholders know when we have a firm date."
For further information, contact:
John James (Jim) Ellerton, CEO Tel: 00 1 303 759 2700
Jeremy
Delmar-Morgan, Chairman Tel: 077 8900 4874
David Millham, Investor Relations
Tel: 020 7796 9999
Nicola Marrin, Seymour Pierce Limited Tel: 020 7107 8000