News and Press Releases
Directors Dealing, Exercise of Options
June 22, 2007
On 20 June
2007, options over a total of 600,000 common shares of no par value in the
Company ("Common Shares") were exercised by two directors as follows:
Name Number of Common Shares Exercise Price
Jeremy Delmar-Morgan 333,333 6 Pence
M.A Ashton 266,667 6 Pence
Following the above, the interests of the
Directors in the Common Shares are as follows:
Name of Director Number of Common Shares Percentage %
Jeremy Delmar-Morgan 4,280,178 3.7%
M.A. Ashton 984,267 0.9 %
Application has now been made for a total of 600,000 new common shares
to be admitted to trading on AIM. These new Common Shares will rank pari passu
with the existing Common Shares and dealing in the new Common Shares are expected
to commence on 28 June 2007.
The Annual Report containing Summary Financials,
Notice of the Annual General Meeting to be held July 9, 2007 and Proxy forms
have been mailed to the shareholders. The Full Financial Report from the auditors
has been posted under Investor Relations/ Consolidated Financial Statement
on the Company's website www.SeftonResources.com
along with complete Operations Report for TEG Oil & Gas USA, Inc. and TEG
MidContinent, Inc.