This stock looks like the most undervalued oil company on the stock exchange. >
Sefton Resources epic SER. It is currently trading at a price of 0.275p valueing the whole company at just 4M.

You might look at the market cap and assume that this company is just an explorer or a shell, but in fact Sefton is producing over 6000 barrels of oil per month with a monthly revenue of over $300k. It's recent work on it's Tapia oilfield exceeded expectations, meaning the company hit it's 200BOPD target 5 months early, and is now expecting resource and production estimates to be further upgraded. This is before it embarks on a steam-assisted programme early next year which
could see production rates multiplied 2-4 times! It is also looking at drilling further wells on the rich Tapia field in the light of the better than expected results.

So why is it only valued at 4M? The primary reason is lack of awareness of the stock, the sub-1p price puts many people off straight away, and a large overhang.

A year or so ago the company was put in financial dire straits by a
well blowout and had to undertake large discounted placings to get
itself back on track, which it has done with a vengeance. However,
some of these placing shares, which represent some 25% of the company
are being sold into the market, depressing the price so that despite the fact that the companies prospects have improved dramatically over
the past year, the price has dropped by nearly 60%.

This makes the company an absolute bargain at these rock-bottom prices. In 6 months time I expect this to be worth 3-5 times the current price. SERIOUSLY.

There is plenty of research to get your teeth into, the best place to start is the website :

www.seftonresources.com

There are 2 excellent articles on Sefton on the following website by Ian Mclelland (Jan/Feb 2006) - well worth a read to get up to speed on this company and it's prospects:

www.proactiveinvestors.com

With the OPEC report today advising it could increase oil production by another 2mbopd if needed the price of oil looks like it will hold or see a slight fall.... Lets hope it gets abit colder then to help push the price the other way!!

this is one of few oils to hold up today txo is an oil i hold there production 4400 per month a lot below 6000bopd we are geting they will both make good but ser has a much greater multibager potential. hoping for some news of steam asst come soon

got it wrong 6000 per month not as last post oil price is sliping something will come to push it back eVen so the point about this co it has transformed itself into a progresiVe producer of oil and they may haVe some gas at tapia to add Value.

Cellby can't imagine the steam will come before summer does...

All,

Nice increasing trend... nice $PB futures prices too...

666

Diablo666,

They are producing just over 6000BOPM as of 1/10. Don't know where you get 11000 from.

The figures for October should be available early next week I would have thought.

.

.

MJ

Looking good for upcoming news...

666

Yep. Several items expected before new year..

mjr1234. Correction 6000bopm! 200bopd.

LOL! Yes cheers Bobby, just a small typo there. I've edited my post.

All

Be nice when it get's to 11k lol

666

Yes it will! Maybe next spring?
(11000 bopm not bopd that is!)

PS nice 1M buy just come through - paid over the offer.

didnt move the price thou... anyone look at HCR... bloody storming ahead

katcenka,

Might move very soon, can sell at 0.295p!

MJ

Nice one...

Remember sefton saying this:

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

'It is estimated that production will increase to approximately 800 barrels of oil per day once infill drilling is complete and SAGD is fully utilized, with lifting costs at approximately $6.50 per barrel'

Got any more info / thoughts on this???

666

I think that statement is pretty old, Diablo.

Have a read of their last few RNS's to get an idea of their short-medium term plans, and also take a look at the most recent Oilbarrel article.

MJ

I was joking... My maths on that would be:

800 x 30 av = 24k + 24k = 48k BPM... (or is it BPD) lol...

666

Not sure what you mean, Diablo.

What is that calculation?