does anyone know anything about these guys?,there has been some buying and (a lot)of selling .i am trying to find something really really cheap to speculate without the fear of losing much if the worst happened.

thanks.
dexter.

bit old article but oil per barrel is now over $36 so sefton should be able to make a huge profit now. This ahre price is totally undervallued




15.05.2002
Sefton Resources Stands To Benefit In 2002 From Recent Acquisitions
US company Sefton Resources joined London's Alternative Investment Market (AIM) eighteen months ago. Like Texas Oil and Gas (TOGS) which joined the Ofex market in London at about the same time, the placing reflected the fact that in the US there are a very large number of shallow oil and gas wells which become uneconomic when the oil price collapses but can relatively easily be made over and reworked when the oil price rises. It is not a question of exploring for, or finding the oil, as it is known to be there.

Although each well may only individually produce a small number of barrels oil or modest amounts of gas, given a sufficient number of wells, say hundreds, the operation can become very lucrative.

Sefton's main property at the time of the float was a 100 per cent working interest in the Tapia Company. Tapia is a heavy oil field in Southern California with estimated proven reserves of 3.7 million barrels with net reserves attributable to Sefton of 3.5 million.

The company is about to announce results for the first full year as an AIM company, so its executives are in purdah at the moment, but these results are likely to show a similar picture to that presented at the six months interim stage - a small operating profit but overall loss because of the capital start up costs of the operation which includes advanced techniques such as horizontal drilling and SAGD or Steam Assisted Gravity Drainage which can enhance the amount of oil recoverable.

For the six months to June 30 2001 revenues from Tapia increased 68.3 per cent to US $90,000 producing an operating profit of US$57,000. Overheads increased to US$330,000 in line with expectations reflecting additional establishment costs. The resulting loss of US$254,000 was broadly in line with expectations.

In the second half the oil price received would have dropped, of course, because of September 11, but this would have been offset, presumably, by more wells coming on stream.

But it is the current year and prospects that investors will be interested in. Last November TEG Oil and Gas, Sefton's wholly owned subsidiary acquired certain assets from Tiverton Petroleum. The acquisition consisted of Tiverton's working interests in leases on 13 properties. These working interests vary between 50 per cent and 0.09 per cent. There are 259 wells on the leases of which 231 are currently producing oil and 28 are producing gas. The proven reserves attributable to the assets being acquired by TEG are put at 81,000 barrels of oil and 170 million cubic feet of gas. This will add to Sefton's existing reserves 3.48 million barrels of oil.

The name of the game really is the number of wells the company can bring on stream. For example for the first six months of 2001 production increased more than seven times from 304 barrels in January to 2,160 barrels in June, something over 70 barrels of oil per day with each well producing a handful of barrels. Moreover lifting costs fell during this period to US$5.29 per barrel which is below the forecast of US$6.00.

With the oil price now well over US$20 a barrel and the start -up costs reducing, it does not take a genius to workout that barring accidents and unforeseen events Sefton should soon be in the money, even allowing for the money it paid to acquire new wells.
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OIL PER BARREL NOW OVER US$36 TO 40



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SAGEM - 24 Jul'04 - 16:41 - 56 of 56 edit


THIS STOCK WILL ROCKET WHEN INVESTORS COME TO REALISE THE POTENTIAL
OIL IS NOW US$36 TO 40 DOLLERS PER BARREL NOT 20 WHEN THEY WERE MAKING MONEY,
THEIR PROFITS SHOULD MORE THAN DOUBLE. READ AND WORK OUT FOR YOURSELF.
I THINK THEIR RESULTS FOR THE HALF YEAR ARE DUE IN AUGUST.
IT WILL NOT BE LONG BEFORE THE TIP SHEETS GET HOLD OF THIS COMPANY AND ITS POTENTIAL.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Sefton Resources Stands To Benefit In 2002 From Recent Acquisitions
US company Sefton Resources joined London's Alternative Investment Market (AIM) eighteen months ago. Like Texas Oil and Gas (TOGS) which joined the Ofex market in London at about the same time, the placing reflected the fact that in the US there are a very large number of shallow oil and gas wells which become uneconomic when the oil price collapses but can relatively easily be made over and reworked when the oil price rises. It is not a question of exploring for, or finding the oil, as it is known to be there.

Although each well may only individually produce a small number of barrels oil or modest amounts of gas, given a sufficient number of wells, say hundreds, the operation can become very lucrative.

Sefton's main property at the time of the float was a 100 per cent working interest in the Tapia Company. Tapia is a heavy oil field in Southern California with estimated proven reserves of 3.7 million barrels with net reserves attributable to Sefton of 3.5 million.

The company is about to announce results for the first full year as an AIM company, so its executives are in purdah at the moment, but these results are likely to show a similar picture to that presented at the six months interim stage - a small operating profit but overall loss because of the capital start up costs of the operation which includes advanced techniques such as horizontal drilling and SAGD or Steam Assisted Gravity Drainage which can enhance the amount of oil recoverable.

For the six months to June 30 2001 revenues from Tapia increased 68.3 per cent to US $90,000 producing an operating profit of US$57,000. Overheads increased to US$330,000 in line with expectations reflecting additional establishment costs. The resulting loss of US$254,000 was broadly in line with expectations.

In the second half the oil price received would have dropped, of course, because of September 11, but this would have been offset, presumably, by more wells coming on stream.

But it is the current year and prospects that investors will be interested in. Last November TEG Oil and Gas, Sefton's wholly owned subsidiary acquired certain assets from Tiverton Petroleum. The acquisition consisted of Tiverton's working interests in leases on 13 properties. These working interests vary between 50 per cent and 0.09 per cent. There are 259 wells on the leases of which 231 are currently producing oil and 28 are producing gas. The proven reserves attributable to the assets being acquired by TEG are put at 81,000 barrels of oil and 170 million cubic feet of gas. This will add to Sefton's existing reserves 3.48 million barrels of oil.

The name of the game really is the number of wells the company can bring on stream. For example for the first six months of 2001 production increased more than seven times from 304 barrels in January to 2,160 barrels in June, something over 70 barrels of oil per day with each well producing a handful of barrels. Moreover lifting costs fell during this period to US$5.29 per barrel which is below the forecast of US$6.00.

With the oil price now well over US$20 a barrel and the start -up costs reducing, it does not take a genius to workout that barring accidents and unforeseen events Sefton should soon be in the money, even allowing for the money it paid to acquire new wells.
<






01
Sefton Takes Opportunity To Exploit Heavy Oil Reserves
One of the last new issues of 2000, a year when new share offering began to perk up in the E & P sector after a long drought, Sefton Resources seems to have got away nicely on AIM. Like Fusion, Apple and Texas Oil & Gas, Sefton is a speculative stock whose placing reflects the fact that certain kinds of exploration and production which were barely possibly when the oil price was on the floor 18 months ago have become more than viable now that oil prices have risen so steeply.

At present the group's only property is a 100 per cent working interest in the Tapia Canyon field. This field belongs to the company's wholly owned subsidiary TEG Oil & Gas USA Inc. Tapia is a heavy oil field in Southern California with estimated proven reserves of 3.7m barrels with net reserves attributable to Sefton of 3.5m barrels.

The board is raising capital now because it believes it can exploit the field more quickly and it wants to identify and exploit other profitable development opportunities. The company raised approximately 1.35m net of expenses towards the end of 2000 by the issue of 31,000,000 new Common Shares. One warrant was issued for every two New Common Shares issued under the placing. The shares were offered at 5p and over the Christmas period traded at a premium.

Sefton wants to use the cash raised to use new and /or advanced techniques in drilling and oil recovery for its heavy oil. These are essentially horizontal drilling but particularly SAGD as used by the Canadian company Derek Resources. Horizontal drilling was initially developed as a means to solve the economic problems of developing thin reservoirs over a large acreage at shallow depths, where vertical access is constrained, to improve the reach of drilling from an offshore or in environmentally sensitive areas or to overcome inadequate or excessive permeability problems.

In addition to these applications horizontal drilling has the potential for use in heavy oil fields where due to the high viscosity of the oil, the full development of the field would otherwise require a relatively large number of wells to be drilled.

As for SAGD or Steam Assisted Gravity Drainage, until very recently heavy oil fields were produced either by primary production techniques, or through `huff 'n puff, ' where steam was injected into the oil reservoir over a period of weeks, heating the underground oil around the well so that, when steam injection stops, the oil can be pumped to the surface in greater quantities. These techniques improve the percentage of reserves recovered but still leave behind significant quantities of the original oil in place. Other techniques such as ' chemical flooding' and 'fire flood' have been tried with varying degrees of success.

SAGD involves injecting steam through horizontal wells and producing oil through others parallel to them on a continuous basis. The heat reduces the viscosity of the oil thereby significantly increasing production rates and the percentage of oil in place that is recoverable. The technique, particularly when used with other steam recovery processes can result in recovery rates of up to 80 per cent of the original oil in place in a heavy oil field such as Tapia Canyon.

Heavy oil is defined as crude oil of less than 20o API. This type of oil has a high viscosity and can be used as fuel for power stations. It can also be 'cracked' or distilled into fuel for aeroplanes and motor vehicles or a range of chemical substances. Oil produced at Tapia is moderately heavy about 18o API and asphaltic. As such it is used predominantly for road surfacing but the directors of Sefton feel it could have wider uses. At the moment it is sold to a single buyer, EOTT Energy Partners. The price is based on the applicable price for heavy oil standard known as Wilmington 17o (Central California). On average this means that Eott buys at roughly a discount of US$3.75 to Brent crude.

In the past there has been a recovery rate of just 14 per cent of the oil in place from the field This equates to 15 bopd, which could be raised to 150 bopd quickly with the new recovery techniques. The company reckons that over the next 24 months it could raise production to 800 bopd. Since it costs around $10/barrel to produce the oil then assuming a Brent price of US$24.07 a barrel Sefton would make US$ 11.05 a barrel.

On its own calculations of 3.5m barrels at these prices its reserves would be worth US$49.7million. The discounted present value on the basis that a) Sefton's 100 per cent working interest will give a 90 per cent net revenue interest in the field after deduction of an average royalty of 10 per cent by the mineral rights owners and b) after taking into account estimated operating expenses and anticipated capital expenses, would be US$ 23.7million So Sefton is onto a good thing so long as the oil price holds up at current levels.
This was when oil was $20 dollers per barrel

This article is a FEW YEARS OLD.
OIL PRICE IS RISING,,,,OIL IS IN SHORT SUPPLY IT WILL SOON BE $40 TO 50 DOLLERS PER BARREL. sefton stand to make huge amounts of money and nobody seems to realise this YET.






--------------------------------------------------------------------------------






Post an article on this thread:

Your nickname: SAGEM

Did you know that the company that Sefton is buying is in Eastern Kansas is a coalbed methane gas producer but the company is still a secret. Ask GOOGLE re coalbed methane gas and you will see its all happening in KANSAS AND SEFTON ARE ON TO ANOTHER GOOD IDEA AND PROFIT MAKING AS WELL.

Sagem

yes i just read it on another Sefton thread!

Just why we need two is beyond me!

Nice comment in the IC though.

Now having to pay 0.0050 I WAS BUYING LAST WEEK AT 0.0044p

Some information about SEFTON RESOURCES which I have researched and found what I consider a little GEM.......but please do your own research and see if you think the same way as I do.


Sefton own the Tapia Canyon oil field in California which contains 11 million barrels of Heavy Oil .Primary production has seen the extraction of more than 1 million barrels, also 4 million barrels can be lifted using the SAGD (steam assisted gravity drainage )a technology which Sefton own. When oil was only US21 dollers per barrel this was worth to Sefton a gross 16 million.Now that oil has more than doubled in price this must now be worth over 32 million.

This company must be worth a fortune and the shares are totally undervalued at 0.0045p a very large re-rating must be imenent.This is only part of the companies oil Fields, and when you add in all the other parts of the company with the oil price now more than US46 dollers per barrel and rising, could hit US100 dollers per barrel by Christmas. I would think the share price must be worth nearer to 5p plus . They were floated back in the year 2000 at 5p per share. This company is a little unknown gem waiting to be discovered. Do some research, things will change towards the end of August when their 6-months results are due to be announced---------------HOW CAN THEY BE ANYTHING ELSE BUT TREMENDOUS. Sefton also owns a canadian company and are in the process of buying another company in eastern Kansas involved in coalbed methane gas production, another money making company in the making for SEFTON - news of the new company will be announced end of August.
They did have some trouble about 3 years ago with a well blow out plus bush fires which closed three wells, but this is now all behind them and the stock market has failed so far to take all their better news into consideration, especially the oil price increase and oil shortage world wide, it want be long before a big correction in the share price will result.The share price was marked down due to their problems from 5p.......the problems now do not exist so why cant they go back up to 5p.
.

I agree - there has been a lot more action around this share over the last 10 days.

So.

Results out and losses widen!

What now?



Sefton Resources H1 net loss 423,432 usd vs 242,617 usd
AFX


LONDON (AFX)- Sefton Resources INC six months to June 30

Sales - 281,197 usd vs 326,449

Net loss - 423,432 usd vs 242,617 usd

Basic loss per share - 0.0005 pence vs 0.0007

ec/ak



Where is all the capital spoken about earlier?

Who sold out their 10 million shares this morning?

Not saying they don't have protential, but nothing doing this year.

Only goes to show how risky this type of stock can be.


In this case, for me this is and always has been one to avoid.

There are too many 'Jam Tomorrow' shares.

Should make for interesting reading...

http://www.seftonresources.com/assets/forest_city_basin.asp

http://www.moneyam.com/action/news/showArticle?id=557714

http://moneyam.uk-wire.com/cgi-bin/articles/200412150700264127G.html

Who's still in ???

Continued 'dottom draw' purchases being tucked away...

Possible re-rating coming sometime - anyone got any news???

If a they are re-rated what sort of price would you expect?

how can there be soo many buys in the last month and the price goes down???

Having exp. of the drilling industry, I understand somewhat the task at hand for these guys... A couple of years ago, they had problems with a blow out and 'bush fires' but are now restarting activities...

This time round, they are pumping enough oil to fund the cash outflow and they have told the market that they expect 200 BPD by year end...

Their website says 800 BPD is attainable... Aside from this, they have rights to other wells which makes them worth a small fortune now that drilling tech and oil prices have improved making extraction worthwhile...

Unlike many, they have the resources, just a case of extracting it...

As far as how far can it go... They came to the market around 6p...

All things being equal, once things are sorted and thay move onto extracting more resources, I see no real reason why it can't return near to or exceed that...

It's nice to see that I'm not the only one who has been tucking them away...

DYOR obviously...

Here is a another link to aid your research...

http://www.oilbarrel.com/datasheets/datasheet.html?sym=SER.ISE

I like the sound of Sefton, they seem to have good foundations and the share price does seem too low.

Obviously DYOR but I'm going to tuck a few of these away for the future.

Anyone else feel the same?

Sefton appears to have some good things going for it...

Tip-sheet or a re-rating could help this one...

Certainly worth tucking away I think...

DYOR...

dexter,
Do you hold ser?
wilbs

Hi wilbs,
No i don`t hold as yet, but i looked into them quite a bit last year. They look a good bet to keep an eye on, the thing that puts me off at the moment is the spread, when i first looked at them there was no volume to speak of, but in recent months there has been a fair amount of activity in comparison.

Where do you use to find new co`s. coming to AIM.
Dexter

dexter,
I have had a brief look and like you I was put off by the spread. Shares mag and investors chronicle quote new companies joining Aim, they get their info from Digital Look but I cat find anything on their website. London Stock Exchange is the best that I know of.



http://www.digitallook.com




http://www.londonstockexchange.com/en-gb/pricesnews/prices/newissues.htm

Hope its some help dexter
wilbs

I hold now. Not much in value but quite a bit in volume. 2005 looks like a big year for Sefton, i guess it could be make or break, but i'm happy to put these away for a few years.

Yet more speculators adding slowly to the pot...

More add whilst others loose patience...

Got in this morning although the spread is massive the price i paid went through as a sell. I wanted to buy more but the price kept jumping up, something strange going on perhaps!!

Dexter

Are you in on this as they are to announce there drilling results apparently between the 1st and 15th March looks encouraging IMHO.

0057659,
i`m not at the moment , i`m keeping a close eye from the sidelines.
dexter

Dexter

I have also been watching that other one you mentioned ZBA looks good waiting for spread to narrow a bit then i am in. I was going in earlier then share dropped but ready and waiting.
Cheers.

we are on the move!

.

Sefton Resources Inc
30 June 2005


Sefton Resources, Inc.

Sefton completes first phase
of its drilling programme

Sefton Resources, Inc. the AIM listed oil and gas production company with assets
in California, Kansas and Canada announces that the first phase of its Tapia
drilling programme has been completed. Three wells have been successfully
drilled, indicating good reservoir sands in each well. Production has already
started and will be brought on slowly to allow the gravel-pack completions to
settle in properly.

Jim Ellerton, Chairman and Chief Executive of Sefton commented:

'The drilling programme has justified our early optimism concerning this field.
We have still to complete work on two additional wells where we are also very
optimistic about the likely results. Once we have cleaned up the wells and
produced for a couple of months, we will be ready for the next phase of cyclic
steaming. We have now received final permits from the Los Angeles Air Quality
Management District (AQMD) and plan to start operating our Steam Assisted
programme in early Autumn.

Enquiries
Jim Ellerton, Chairman and Chief Executive Tel: 303 759 2700
Jeremy Delmar-Morgan, Director Tel: 020 8748 4066
David Millham, Investor Relations Tel: 020 7796 9999

Sefton Resources Inc
07 September 2005


Sefton Resources, Inc.

('Sefton' or 'the Company')

Results for the six months to 30 June 2005

Chairmans Statement

As I reported at the start of the current year, progress had been hampered by
the exceptional rainfall in California during January and February, which
delayed our drilling programme. I am now pleased to be able to report that we
have made up the lost ground and we are back on track. We have successfully
completed the drilling of five new wells at Tapia and by August the Group was
producing the 200 BOPD that we expected to achieve by the end of 2005.
Unfortunately we received no benefit from this progress during the first half of
the year, when we were investing in the drilling programme and increasing our
asset base, with the acquisition of mineral leases in the Kansas Forest City
Basin.

To help fund the asset acquisitions in East Kansas, which is primarily Coal-Bed
Methane gas, we initiated a private placing of shares in our Canadian
subsidiary. However, we will retain the controlling interest when the private
placing is completed. The acquisition is an excellent fit into our existing
leases in Kansas. It consists of 20 miles of pipeline, a 25 mile gathering
system and 65 wells, of which 42 are classified active wells. Due diligence has
been completed and the closing date is now 21 September 2005.

As I have already mentioned the five new well drilling programme at Tapia has
been completed and initial production from the final well began in August. The
field has also received an electrical upgrade to maximise production and will
see the start of our Steam Assisted programme in the autumn.

At Eureka workovers on a centrally located well involving carbon-oxygen logging
techniques has resulted in the identification of additional producing zones.
Re-mapping is planned of the existing production areas and the relatively
unexplored portion of our lease, which covers some 1,000 acres.

The weather at the start of the year was a major challenge to our team, but the
results from the drilling programme have more than justified our previous
confidence. I believe that we have taken a major stride forward in putting
Sefton on a more solid financial footing.

John J Ellerton - Chairman and Chief Executive Officer
September 7, 2005

Sefton Resources Inc
Consolidated Balance Sheets

30 June 30 June 31 December
2005 2004 2004
(unaudited) (unaudited) (audited)
Assets
------------------------- --------- --------- ------------
Current assets
Cash $516,231 $375,113 $2,485,513
Accounts receivable 140,906 123,171 59,200
Other receivables - related party 88,286 146,781 157,973
(Note 9)
Prepaid expenses and other assets 19,062 32,434 41,914
--------- --------- ------------
Total current assets 764,485 677,499 2,744,600
Oil and gas properties, full
cost method, net (Notes 4 and
10) 7,336,000 3,871,768 4,325,195
Equipment and vehicle, at
cost, net 58,903 50,856 44,756
--------- --------- ------------

Total assets $8,159,388 $4,600,123 $7,114,551

Liabilities and Stockholders'
Equity
-------------------------
Current liabilities
--------- --------- ------------
Accounts payable (Note 10) $1,710,036 $297,304 $438,382
Accrued expenses 29,556 34,482 2,697
Accrued expenses - related
parties - - 46,871
Note payable, current portion - 20,000 -
Notes payable, related party - 11,170 -
--------- --------- ------------
Total current liabilities 1,739,592 362,956 487,950
Note payable, long term (Note
9) 533,749 350,000 348,554
Asset retirement obligation 292,612 232,529 75,340
--------- --------- ------------
Total liabilities 2,565,953 945,485 911,844
--------- --------- ------------
Minority Interest (Note 6) 407,865 - -
--------- --------- ------------
Stockholders' equity

Common stock, no par value,
3,000,000,000 shares
authorised, 1,493,369,500
(June 30, 2005) 968,369,500
(June 30, 2004) and
1,493,369,500 (December 31,
2004) shares issued and
outstanding (Note 6) 10,974,689 7,761,885 10,922,853
Stock subscription receivable (30,047) (30,047) (30,047)
Stock reserved for employee
benefit pool (Note 9) (58,602) - -
Accumulated (deficit) (5,797,961) (4,123,781) (4,789,335)
Accumulated other
comprehensive income (Note 3) 97,491 46,581 99,236
--------- --------- ------------
Total stockholders' equity 5,185,570 3,654,638 6,202,707
--------- --------- ------------
Total liabilities and
stockholders' equity $8,159,388 $4,600,123 $7,114,551
--------- --------- ------------

Sefton Resources Inc
Consolidated Statements of Operations and Comprehensive Income (Loss)

For the six months ended For the year
June 30 ended
2005 2004 December 31
(unaudited) (unaudited) (audited)
Revenues $371,414 $281,197 $563,231
Oil and gas sales
--------- ------------ ------------
Cost and expenses
Oil and gas production costs 204,947 145,991 402,425
Depletion,
Depreciation and
Amortisation 98,013 105,913 166,662
General and
administrative
expenses 815,994 453,989 1,085,407
Establishment of employee benefit
plan (Note 9) 266,735 - -
--------- ------------ ------------
1,385,689 705,893 1,654,494
--------- ------------ ------------
(Loss) from operations (1,014,275) (424,696) (1,091,263)
--------- ------------ ------------
Other income (expense) 13,911 589 10,464
Interest income (8,262) (527) (11,203)
Interest expense - 1,202 3,016
Foreign currency transaction exp
--------- ------------ ------------
5,649 1,264 2,277
--------- ------------ ------------
Net (loss) available
for common stockholders $(1,008,626) $(423,432) $(1,088,986)
--------- ------------ ------------
Basic and diluted
(loss) per common share: (0.001) (0.001) (0.001)
Basic and diluted
weighted average
shares outstanding 1,493,369,500 928,123,346 1,133,348,189
Other comprehensive
gain (loss): $(1,088,626) $(423,432) $(1,088,986)
Net (loss)
Foreign currency
translation adjustment
(Note 3) (1,745) (20,570) 32,085
Comprehensive (loss) $(1,010,371) $(444,002) $(1,056,901)

Sefton Resources Inc
Consolidated Statements of Cash Flows

For the six months ended For the year
June 30 ended
2005 2004 December 31,2004
(unaudited) (unaudited) (audited)

Cash flows from operating activities
Net (loss) $(1,008,626) $(432,432) $(1,088,986)
Adjustments to reconcile net (loss) to
net cash (used in) operating
activities
Depreciation and
depletion 98,013 105,913 166,662
Establishment of
employee benefit plan
(Note 9) 266,735 - -
Stock issued for
services - - 19,349
Stock options issued
for services - - 49,000
(Increase) decrease in:
Accounts receivable (81,706) (23,769) 40,202
Prepaid expenses 22,852 (3,528) (13,008)
Other assets - related
party 69,687 (108,255) (119,447)
Increase (decrease) in:
Accounts payable 1,271,654 (355,472) (214,394)
Accrued expenses -
related party (46,871) (21,840) 25,031
Accrued expenses 26,859 29,404 (2,381)
--------- -------- -----------
Net cash (used)
provided by operating
activities 618,597 (809,979) (1,137,972)
--------- -------- -----------
Cash flows from investing activities
Proceeds from sale of
oil and gas properties - - 23,824
Purchase of oil and
gas properties (Note 10) (2,880,040) (603,664) (1,274,028)
Purchase of property
and equipment (25,653) (21,022) (25,356)
Establishment of
Employee Benefit Pool
(Note 9) (325,337) - -
--------- -------- -----------
Net cash (used) by
investing activities (3,231,030) (624,686) (1,275,560)
--------- -------- -----------
Cash flows from financing activities
Proceeds from sale of
common stock - 1,065,489 4,158,109
Collection of stock
subscription
receivable - 11,433 11,432
Proceeds from sale of
common stock of
subsidiary company
(Note 6) 459,701 - -
Payments on notes
payable - related
party - (10,836) (22,006)
Proceeds from notes
payable (Note 9) 325,337 400,000 370,000
Payments on notes
payable (Note 9) (140,142) (57,500) (48,946)
--------- -------- -----------
Net cash provided by
financing activities 644,896 1,408,586 4,468,589
--------- -------- -----------
Effect of exchange
rate changes on cash
(Note 3) (1,745) 29,504 67,768
--------- -------- -----------
Net increase
(decrease) in cash (1,969,282) 12,425 2,122,825
Cash - beginning of
year 2,485,513 362,688 362,688
--------- -------- -----------
Cash - end of period $516,231 $375,113 $2,485,513
--------- -------- -----------

Notes to Consolidated Financial Statements

1. The financial results for the half-year to 30 June 2005 and the comparatives
to 30 June 2004 are both unaudited. The financial information for the year to
31 December 2004 has been extracted from the full audited financial statements.
The financial statements presented in the 30 June 2004 interim statement
incorporate by reference the full audit report that is available in the
Company's annual report from 31 December 31 2004.

2. The financial information included in this document has been prepared on a
consistent basis and using the same accounting policies as the audited financial
statements for the year to 31 December 2004 and has been approved by the
Directors of the Company.

3. The reporting currency of the Company is the U.S. dollar. The functional
currency of the Company's Canadian subsidiary is the Canadian dollar.
Translation into U.S. dollars is performed for assets and liabilities at the
exchange rate as of the balance sheet date. Income and expense accounts are
translated at average exchange rates for the reporting period. Adjustments
resulting from the translation are reflected as a separate component of other
comprehensive income. Transaction gains and losses that arise from exchange rate
fluctuations on transactions denominated in a currency other than the functional
currency are included in the results of operations as incurred.

4. On 24 August 2004, Teg MidContinent, Inc. was formed as a wholly owned
subsidiary of Sefton Resources, Inc. Teg MidContinent has and will
continue to acquire oil and gas properties in the Mid-Continent and Rocky
Mountain Regions of the United States. The initial assets acquired were oil and
gas mineral leases in the Forest City Coalbed Methane Basin portion of eastern
Kansas. In addition, a purchase and sale agreement has been executed to acquire
wells, leases, a gas pipeline and gathering system together with associated
equipment in eastern Kansas. These properties are being acquired for
approximately $1,800,000 (United States Dollars) and the closing is set for
September 21, 2005

5. On April 1, 2005, Sefton Resurces, Inc. sold Teg MidContinent, Inc. to Teg
Oil and Gas, Canada, Inc. (Teg Canada) for $500,000 (United States Dollars),
2,000,000 shares of the common stock of Teg Canada and the assumption of all
future costs and expenses related to Teg MidContinent, Inc.

6. In May 2005, the Board of Directors of Teg Canada approved the issuance of up
to 6,000,000 shares of Teg Canada at a price of $0.25 (Canadian Dollars) per
share. As of June 30, 2005 subscriptions for 3,114,098 shares of this private
placement had been signed, and the Company had received cash of $459,701.

7. Canadian oil and gas production costs consist of actual figures for the first
quarter of 2005 and include an estimate for the second quarter of 2005. The
second quarter estimate of oil and gas production costs is 60% of second quarter
gross revenue accruals. This cost estimate is necessary due to a lag in
receiving actual revenue, and cost data and is consistent with the presentation
for the half-year to 30 June 2004.

8. There was no dividend paid in the reporting period.

9. During the half-year to 30 June 2005, the Board approved the establishment
of an employee benefit and incentive plan. This plan mayinclude cash, a net
profits interest from production, stock, and other items which the Board may
elect to contribute. Distributions to employees will be accumulated and issued
at the sole discretion of the Board of Directors of Sefton Resources, Inc.
Initially, a note payable to an original shareholder for the acquisition of
6,092,021 shares of Sefton's common stock was acquired from a director. During
the half-year to 30 June, 2005, the Company paid $73,180 of principal by
reducing the receivable from this director and an additional $16,962 in cash
resulting in a balance due on the note of $235,195 as of 30, June 2005. In
addition, the establishment of this plan resulted in a cost of $266,735 as
reflected in the accompanying financial statements. This transaction will be
reviewed by the Auditors at year-end to ensure the accounting is in accordance
with US GAAP. There have been no distributions from this plan to employees
through 30 June, 2005.

10. The cost overruns in the recent Tapia Drilling Program are being resolved
through; re-imbursements from TEG Oil & Gas Canada Inc., loans from Directors
and associates, increased revenue from production and potential bank borrowing.

11. Copies of the Interim Statement will be sent to shareholders in October
2005. Copies of the Interim Statement will be available from the Company
Secretary, Masons Secretarial Services Limited, 30 Aylesbury Street, London
EC1R 0ER.

For more information, please contact:
Jim Ellerton, Chairman and CEO Tel: +1 303 759 2700

Hi All, been in on this share now for quite some time. With the high prices of Oil Sefton should make a good profit. Breakeven on Sefton is around 80 barrels of oil per day so very low running costs. Oil gravity is medium to high and long life reserves... Due to location the company has suffered bush fires which distroyed a high percentage of Seftons assets. They company is now starting to get back on track, shares have really stared to fly too, a month and a half ago were trading for .20p to .25p and are very volitile. Sefton also was named by Bloomberg this morning as one of the top AIM risers...

Have held sefton for a while. Did you not see their interims. They are producing 200 bopd without SAGD which they are putting off using until Spring 2006 (Oilbarrel carried article the other day which was very informative).
They complete acquisition of gas company in Kansas on 21 September.

If you look at the ADVFN thread there is a lot written about SER and it is very positive although for a few months cash is a little tight because of production delays and I expect acquisition.

All in all this is an undervalued share where mm's are putting a big spread.

hopefully some good news coming with announcement about Gas and bigger oil find at tapia should get this better coverage and a better spread

Floopy - Good points raised, a share buy back also tighten the spread range. Agreed though the sp is undervalued however Sefton suffer from a lack of positive news which would attract futher investors.

Just found this production graph - makes your mouth water!

Nice one more info like this
See article 12/09/05 www.oil.barrel.com
With production established, and oil prices soaring.
Jim Ellerton, chairman and chief executive, said the past six months saw the company take a major stride forward in putting Sefton on a more solid financial footing. The company has just clocked monthly revenues of US$300,000.

News tomorrow?

Tomorrow.

Today?

Monday?

Friday?

This week?

Soon?

soon is 6 months min no steam or results til then .i haVe 1.3 mil of theses for the last 18months .once your in get traped bythe spred.trade d j kx dgo een hnr alk aey bp pci . in the same time frame .neVer got multybagers .nice profit

Just received this from Gary Dillabaugh - looks like there will be an update shortly - I like the bit about the Tapia production being "very good":

"
I am not at liberty to discuss the status of the Kansas acquisition at this time. There will be a press release shortly that will update this and the production at Tapia which has been very good. We will update the production information via press releases and will post production graphs quarterly on our web site.

Again, thank you for your interest in Sefton.

Regards,

Gary
"

Morning all, had to pop over the here as ADVFN is down again, well lets see how the MMs will play it today after yesterdays fiasco. Its a joke sometimes but they are in control of SER at the mo, we will move north once news is out in the next couple of weeks.

NICE NEWS

good they droped the gas inthe hills. they could drill some more oil thats where money is . toped up a bit must go up sometime .no more new ofices please

Lol nice one.

Typical cynical MM mark-down this morning - they must think we're stupid?

wherehaVe all the shares gone, lloyds wont let me haVe more than 37k 133 english pound .hows a person get anything for the weekend sir.

LOL, looks like you're not the only one who had that problem - 5x37k buys or thereabouts in a row this afternoon. Where are all the shares indeed.

Afternoon all,

I take it you've all seen this by comments above. Shame the aquisation would have ramped up production. 200 bopd for 2 months is vast improvement on forecast and why theres not as many shares around. With winter coming and demand on oil about to increase the price should get pushed higher!

Sefton Resources Inc
27 October 2005


SEFTON RESOURCES,INC.

TRADING UPDATE

Sefton Resources,Inc. announces that its negotiations with Monument Resources,
for the acquisition of certain assets in East Kansas, have been terminated.
Although due diligence had been completed it was not possible to reach agreement
on certain details with respect to leases. In the circumstance Sefton has been
advised to withdraw from the original deal, but expects to continue to negotiate
the acquisition of acreage where existing leasinghas been successful.

The group also announces that oil and gas production is ahead of last years
levels. There have been two solid months of 200 barrels a day production from
the recent 5 well programme at Tapia. Based on the better than expected results,
management is analyzing the options available for additional drilling.

Commenting, Chairman and Chief Executive, Jim Ellerton said:
'It is disappointing that we were not able to complete our negotiations with
Monument, but our legal advice was that we should not continue and our first
consideration must be to protect shareholder interests. The group itself is in
good order and although capital expenditure has risen this year it is now
producing some very satisfactory results'.



This information is provided by RNS
The company news service from the London Stock Exchange

I actully preferred the infrastructure plan that Sefton was originally looking at, maybe next year they'll have enough money to put into action. My view is that Sefton should maximise production on its existing wells using steam assisted gravity drainage technlogy developed before the costly drilling of new wells.

explosiVe. i agre on the steam understand that was on plan still for next year . if oil flows at this rate or beter,should haVe reVenue for new or workoVer well. feels like best time sefton haVe had for many a year .could be bagger statous next year aim tax free after 2 years holding .

cellby - the steam assisted gravity drainage is for next year however with the aquisition of Monument Resources, Sefton would have had the infrastructure in place to take advantage of its coal bed methane reserves. This resource is currently availably but not marketable without the infrastructure. Also the same infrastructure would have assisted with steam assisted gravity drainage project.

The well workover however is still on the cards as you said with this kind of revenue. I expect to see demand increase as winter hits and US reserves and heating fuel demand kick in. A nice boost for the sp, fingers crossed.

trying to workout numbers for year end to december 05 . 7months 75 bpd say 40 $ barrel 6300000$ 5month to january 1, 200 bpd at 50$ 1500000 =2130000 . assets of 38000000 in oil as december 04 should be 58 mil dec 05 . if steaming comes on in early 06 then should be 400 bpd .it will flow like melted butter ,just depend on costs how much profit we make , thats the big unknown should be able to run this co with an office in the spare bedroom . i am hoping 1.5 - 2p by june 06 be good here any Veiw .

should be 630000$ in first 7month still more than all year 04 .one more top up if i can get in below .35 then time to sit back my aVarage will be .44 if we get to 1.5 that 22k profit for me time will tell

Mmmmm my average is 0.39 so .35 or below and I'll also buy. Problem is buying volumes, last time I traded these shares 150K was the most I could buy up. Would like a open buy of a few mil then will be happy!!

down 7% 50000 max to buy , to sell 1000000 max some wants this stock dont giVe them any .50k at .35 what a jock there are 3billion of these some where.

that should read joke spelling aboVe but realy whats going on .

cellby - very intresting the buy to sell volume ratios. We could well be in for abit of demand exceeding supply and the price rising. Having said this BritishBulls.com changed today there sell recommendation to a wait, link below...

http://www.britishbulls.com/StockPage.asp?CompanyTicker=SER&MarketTicker=RESOURCES&Typ=S

.

WHY DON'T YOU COME ON HERE OR ANOTHER PUBLIC FORUM AND EXPLAIN YOUR ACTIONS??

2M BUYS V 1.35M SELLS and DOWN 10%.

BLATENT MANIPULATION.

mjr1234 - "WHY DON'T YOU COME ON HERE OR ANOTHER PUBLIC FORUM AND EXPLAIN YOUR ACTIONS??"

You talking to me or just out loud??

Agree with your last post though this share is being manipulated, happened all summer also....

Cellby - bids back 0.28 thats good enough for me to start buying up more shares. Lets hope on morning trading deals are better than the 50K two days ago that you reported..

Hi explosive,

No talking to the MM's!

all sorts of jigery and some pockery going on with this share ,tryed a limit order after close quote .4 to buy 150k . my last buy 19 sept =375k , .28 x150k would be good cheap enough to loose the fee,s ,why would people sell oils coming up better than eVer . i haVe a lot of oils this one been worst performer but seems its coming together on oil not share price.

Just obtained a quote on 250K the best price was .40 so have left it as looking for .35 or below. Also enquired about quantities and was told that 250 through 1 MM is about the limit. My broker is selftrade..

Looks like you missed your chance for today. Could get them at 0.32 this morning.

Some nice chunky buys today. Still MM's stubbonly refuse to raise the bid!

Now's your chance explosive - 0.31 on offer!

Now 0.30! Only 37.5k available mind you :(

OK I've just placed an out of hours buy at best, 338,822 shares @ .29... So if it goes through in the morning you know its mine!! :-)..... My Griffin shares are nearly at there target also so maybe if the price stays low will be able to pick up another half mil (fingers crossed) shortly.. What this share needs is some major shareholders as currently there are none... Having said that with a market cap of under 3mil without a major investor were not on anyones watch list. Does anyone have info on director holdings?

Anyone also have a forecast or prediction for sp in next 12 months, would be pleased to hear your views?

Hi explosive, these are my price predictions. They are based on current plans for revenue expansion, and also rely on the overhang being cleared allowing this to reach a fair value based on a p/e ratio of 10. The figures using 5xturnover are very similar.

3 months - 0.6-0.8p
6 months - 0.8-1.2p
12 months - 1.6-2.4p
18 months - 3.2-4.8p

All - my buy at best was rejected, as the share price hasn't moved all day I can only come to the conclusion that by broker couldn't purchase the 338,822 shares I requested. I would definatly seam that volumes aren't currently on offer. Will speak to my broker in person tomorrow and try to buy again. If sucessful I'll advise on this thread tomorrow night.

mjr1234, your figures look great and I would love to see your 6-12 month prediction of 1.2p come true. I think that the p/e ratio of 10 is too much though. Seftons EPS diluted is -.10c, against a .51c share price (general FX converter used). I make current PE -5 only due to the fact that Sefton didn't make a profit on its last trading statement and drilled 5 new wells (seftons RNS dated 07/09).

With more expenditure planned through drilling and bringing SAD (Steam Assisted Drainage) into the equation I believe the P/E will remain low.

Having said all this I now look at your 5xturnover and the PEG which I may add am finding rather difficult to calculate.

EPS Growth???? Big question, anyone got any ideas or a figure!!!

We know that the growth potential of the share is massive, current high oil prices (set to rise further if the US have a good cold winter), low production costs, SAD maximising oil flow which should without further wells push the 200 bopd higher etc. And not forgetting the 1,000 acres of unexplored lease on the Eureka site!...

EPS still got me, have been typing in this grey box for ages now, and still no answer!!! At a very wild guess I'll do a prediction and go for 4 (may you all abuse me and curl up in fits of laughter).... Calculations please though!!

Anyway that would give me a PEG like a rocket of a staggering -1.25....

No doubt I'll re-look at this, I believe that the bottle has now got the better of me. I'll post though as I'd appreciate any calculations you may have.

mjr1234 - I'd be very interested to see your calculations and predictions especially regarding your p/e calculation. Also your x5 turnover figure, could you please justify as this would increase bopd to 1000 not counting methane possible future sales. If I am correct.....

Bull trapping but still a good buy in opp. @ 0.29. for 2nd time today.
DYOR

It's a very good buy in opp. At .29, this share is ridiculously cheap.

What do you mean by "Bull trapping" by the way?

MJ

MM spread movements etc, giving an impression that it's about to run then cutting back... No worries though, this one will definately run...

The last year has produced plenty of opps. for high % gains... this is just another one especially at this price... I'm looking forward to re-rating and production updates but equally happy to dip in and out on the waves... Plenty of profit to be made eh? :p

BTW - liked the Nov 2nd post you made... (Pre-edited one) never laughed so much in a long-time... Shame you had to edit it... was definately an award winner lol.

666

I agree re the future on this one. Not sure about dipping in and out, a very dangerous game with this one, and the spread rarely allows it.

Re: the edited post, yes I was pretty pissed off on that day!

MJ

No worries on dipping, got it down to a fine art now... only do it when I sense the MM & Bears are about to step in...

Shame these guy's aren't more pro-active on news updates though, especially as production appears to be well above initial target rates... 500 bpd touched according to their website. Either way, easy money...

666
PS: Rest assured, it won't be me selling 500k @ 0.25 lol

The question is, just who is selling these 500k's at 0.25p? They must be pretty desperate to get out? Could it be the last of their holdings?

MJ

Only logic I can see is it's someone who inherited them somehow or they need the money... Who ever it is, I'll buy them for 0.26 if they want to sell them...

Eitherway, it's not 'rocket science'... this one is a definite mutibagger...

666

Indeed. You could even call it a "no-brainer".

3-6 months time we will be laughing IMO. Could be even sooner as I've heard the company is in talks with the sellers to take the overhang off their hands.

MJ

Ultimately, all the 'nonsense' will give-way and it will rocket...

When it does, it's free and easy money for us... Like you say, a total 'no-brainer'...

666

MJ

0.28 up for grabs...

666

Yet another day of crap volumes being made available.

Explosive,

Sure you know this but try going for smaller blocks 100k - 250K at a time and avoid 'fill or kill' orders on amounts over this... Set a minimum buy though, to help avoid over paying fees...

A plus side is you can make the most out of any 'bull trapping' as you shouldn't affect the spread... Hence, you might be able to get a large order filled by combining two smaller ones = cancel of trade fees because of a better price on the second half...

Eitherway though, this ones a 'printing press' for easy money and the slight increase in fees will be more than compensated for... Especially at this price...

Might help...

666

666,

Very true that you've said.... Last time I tried to buy however the blocks weren't even 100K... Buying small would have meant 7-8 block bites....

Explosive,

Sounds a real pain... Not sure who your using for trades but I've found that an 'off-line' broker is best for trading in this one... The fact they have had to phone through to MM for trades each time has really helped with getting a 'value' price together with volume...

666

Well looks like someones scooped up a few million just now - offer up nearly 50%!?

MJ

MM spread in the right direction on a tighten up from the rear on the way it appears...

Just getting back to nornal trading levels will produce a great % gain on the past weeks trading...

Once this gets it's production figures out, re-rated and by the time the 'tipsters' jump on it, the cash in our pockets will be flowing big-time...

MM actually, have done us good...

666

looks like the 500,000 sell at 09:00 stopped the buying.

The spread is ludicrous, I can't imagine too many people piling in to pay 50% more than yesterday, when the bid remains unchanged!

Yes, the spread is sh*te, but this is just how it used to be until the last few weeks when they screwed down the offer. Used to be 25/40 or 30/45, 35/50 etc. So this .15 spread is just reverting to the norm.

The trick with this share is to accumulate on the occasions when the spread narrows, hopefully getting as low an average as possible. And hold with at least a 6-12 months view.

MJ

The 'equilibrium of volatility' as I like to call it.

Hold similar view on DAT Group too...

666

And now a 750,000 sale, and the offer remains high!

You have to assume they have a large buy order in?

And you also have to bear in mind that 750@0.23p is only 1700, so it shouldn't really be causing huge waves in a 4M stock.

MJ / Andy / Explosive

Watch like a hawk for the possiblility of grabbing some more should the MM spread move around again (bull-trapping) ... I know I am...

Eitherway, over the coming weeks, whatever the MM are up to, whe're seriously in the money ;P

MJ

You're right on the button for a long position too... Re: 6 -12mths...

666

Talk of oil price of $70 by end of the week. Sefton are RAKING IT IN.