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

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?

they were open back in august i think in texas to oVersee operations there its in one of there return.

Sorry, can you rephrase that cellby?

ORM just got re-rated

Ormonde Mining La Zarza Results Bolster

Monday, December 05, 2005

0904 GMT [Dow Jones] Ormonde Mining's (ORM.DB) results from La Zarza in southern Spain should support the stock, says Seymour Pierce. "We view this as a further positive step on the path to the development of La Zarza, and reiterate our buy recommendation on Ormonde with a 24p target price." Trades +3.7% at 9.9p. (DWE)

how time flys there a retun 30 june 04 states office opened in california thats the oVerhead iwas trying to get going to try delete last post

Hmmm, looks like I might have to dig around for some spare cash.

Volumes now looking better than last month. Overhang must be cleared or very nearly now I would have thought. 20% gain on the day, looking good for the .6 for year end.

is this about to break out???

Could be..

Sefton holders could be in for a good Christmas IMO.
Those who celebrate it anyway.