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

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!!

I did.. I got in and out 3 times... made a lovely big profit

If you say so then........

explosive,

I'd just ignore katcenka, with comments like this, not someone you want to listen to imo. No doubt he'll be out of Sefton within the week. He just can't help ramping other shares on the SER bb as well, which is annoying too.

"I got in and out 3 times...made a lovely big profit" - yeah of course you did, in your dreams..

SERIOUS BARGAIN PRICES!!

MJ

Absolutely...

666

Seriously considering topping up.

If I do, the family will have to do without xmas pressies this year, but what the hell!

Nice to see a mil buy from MM... Still a fat spread...

666

0.26/0.29 just missed the 0.28p BUGGER!

Got some just now, thankyou Mr MM!

why would anyone sell 500000 at .22 when yesterday sell got to .3 it bounceing around .3 most days people seem to be throwing money away.

It's that silly "overhang" seller again. He always sells below the bid price, blocks of 250k, 500k, 750k, 1M.

WINS are the MM on the bid catering for the ordinary punters, occasionally moving to the offer when the price is rising, to offload and make their profit.

But the overhang sells go to HOOD, who I believe they have a special arrangment to offload the shares - 10's of millions (but at a lower price). HOOD are constantly on the offer, selling the shares they pick up via the arrangement to ordinary punters (and directors of course).

And another 1M mm buy.

The reason is of course, WINS on the offer aren't getting any shares, as the bulk of the sells go to HOOD via the overhang seller.