News and Press Releases
Rig and Steaming Status Report
October 24, 2007
Sefton Resources Inc reports that its wholly owned subsidiary
TEG USA has completed all connections to the steam generator including: gas
supply line,
water supply line, electrical connections, and pressurised air supply. The
fires
reported in California are in proximity to Sefton's properties but currently
are
not a direct threat to the operations at Tapia and Eureka. Due to logistics
and
as a precaution, the final function-testing of the steam generator has been
slightly delayed until any possible risk from the fires is reduced. TEG
anticipates conducting an initial start-up of the steam generator at that time.
Once TEG and Clayton are satisfied that all systems are functioning properly,
TEG will order out a service rig to the Yule7 well to pull the down-hole pump
and install the steam injection packer in the well. Sefton will inform
shareholders when steaming at Yule 7 has commenced.
As far as the drill rig is concerned this is still currently
drilling the final
section of a hole for its current operator. Chief Executive, Jim Ellerton said
'We just have to continue to be patient while waiting for this rig to drill
our
planned Hartje 16 and 17 wells. The problem is that there are many variables
over which the driller has no control and therefore there are no penalty clauses
for delays in these contracts. We are very hopeful that the rig will be with
us
shortly and will announce its arrival and commence drilling when this occurs'.
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