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

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?

I see this is finally rising, anyone know why... its never wanted to before

Lack of the big seller?

By the way I've heard a rumour the overhang has been placed but i'm taking it with a pinch of salt until it's confirmed.

Kat/MJ

Maybe someone read my goof up this morning lol....

666

it got to brakeout at some time should rise to .6 on any positiVe coments ,buys are comeing back in oVer .3 i now haVe nearly 4mil got to clear some dogs and buy these on dips more confident in this co than the neb,teo ,pre ,epo,msq,s

celby, I think your right about breakout, rock n roll 1p

Good find..

following me now ehh!!!.. and yes it is a good find, so bugger off

breakout could be here, wakey wakey

wakey WAKEY

Has everyone forgotten about this one or what???

Kat

As they say... 'You can lead a horse to water'...

Great easy money maker..

666

i hope managment can get there act together now they know they haVe good prospects with there existing sites there will be a lot more outlay with new offices to pay for and legal on failed purchase so im hoping higher production of 200bopd will leaVe some cash for increased oil without fund raising.

Hi cellby,

Where are they building new offices?