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

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.

nope I dont think it is... so I had better buy some more ;-)

Well it depends what you mean by break out katcenka.

Obviously, a 1-year break-out would need a rise to 0.6p or more, which I think is a few months away.

A break-out from the downward trendlines on the chart (reliable?) would only need a rise to 0.34 or above, if that's what you mean? In which case yes, it's about to breakout very soon I would say.

Even closer now..

what were you saying

Spread come down nicely now - can sell at 0.30 / buy at 0.31.

Should see some recovery now the spread has come down. Remember though this share is still -39% on the year. With all the development and a higher oil price we've not seen good recovery or a trading statement to justify why the years performance.

in january we will get an update

Come on lets have some decent buying to lift us out of this trough!

get in TYM mate, getting ready for a second rally to 12p

Kat

Great fun eh :p

666

cant wait for this one next month, still a huge overhang..

Next month SHOULD be good katcenka.

The overhang should have nearly run out by then at current rates, and there should be at least 1 or 2 news items out by then, which if good will increase buying and help accelerate the DESTRUCTION of the overhang!

TFC tomorrow mate... its bottomed and people buying back in.. a lot of AT trades

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

Which is full of information, a lot better than most company websites I'll think you will find.

Wow that's more like it, someone just bought a whole 6000 shares - 18 worth!!

Kat & mj - Huge overhang!!!! What reports you reading??

Also lack of awareness of the stock, below a director dealing RNS highlighted by just about every trading site daily as all director dealings are. Also as an oil share this company is in the spotlight and will continue to be so until oil prices settle....

Sefton Resources Inc
07 December 2005


Sefton Resources, Inc.

("Sefton or the "Company")

Director's Shareholding

The Company was informed on 5 December 2005 that J J Ellerton, a director of
Sefton, had been notified that day that his instruction to acquire 400,000
Common Shares in the Company at 0.25 pence per share had been completed.

Following this acquisition, Mr Ellerton is interested in 58,352,900 Common
Shares, representing 3.9 per cent. of the issued share capital of the Company.

Further more the share remains cheap as lets not forget SER is a loss making business at current. Maybe the forthcoming trading report change this fact if SER are able to book a profit. I suspect however with well workovers in place we won't see any profit in the immediate future.

Kat "get in TYM mate, getting ready for a second rally to 12p" whats your time frame for this second rally? SER hitting 12p is what 4000% rise!!