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

Cellby, wat r ur views on this in summary. Are we saying that its buy! SER is very thin on press releases and informing shareholders... But Im not sure... I did invest in this late last year and then pulled out on par didn't seem very volatile although I didnt stay in for any long period. So what are ur views on this stock????

i am hoping for around .6 on a run up to result in april also start of steaming to help production.my target for end 06 is 1.46p if they can double there bopd to near 400 we should be on course for profit in 07.

sellby thanks for that. I better hope back-on as quick as I came off! I'm on come Thurday

jamee106 take your time we are still in a down trend you may get in .25-.26,lots of sells coming through.

cellyb, thanks im a beginner at the races so I guess ur comments are welcomed! MJR another footpriner refers earlier that he/she has had a discussion with the ceo and notes the comments, is that relied on by you experts in this room

Whats a footpriner?

My post earlier was copied from another shareholder on another board who phoned Jeremy Delmar-Morgan (not the CEO).

As far as I know that shareholder is a genuine honest person. I know another shareholder who has also spoken to the same guy several times, and got similar info.

my apologies if i was at any time questioning the credibility of your comments. Was just asking re. how much reliance should we place on it. I mean fellow footprinter (another person on chat posting his messages)

MJR1234 so wat you think, re SER. I made a mistake and sold short a while ago and its not really past the .29 mark. But you seem to be confident (rightlyso) from theose comments that this could be a winner.... Have you got any more info. on SER and by when we expect production to increase and thus sp too???? comments warmly welcomed.. Im still a novis at this game having only started late last year. Cheers

jameel06,

There's a bit more info in the thread header.

Out of interest, who did you short this with and how? I didn't realise it was possible to short shares with such a low market cap? Not via spread betting or CFD's anyway.

mis-spelt, I mean sold early!

mis-spelt, I mean sold early!

Mjr1234, when do u expect the rise to start kicking in, around 6 months or?

Around mid to late Febuary it should begin.

I agree with MJ's comments above, mid to late Feb should see the begining of the SER climb. I think it'll push slightly higher than .6 - .7 though...

we are being pushed down by a few million sells ,looked for any news but could not find.going to try for top up below .25

You could be aiming a bit too low cellby - looks like Directors have buy orders in at 0.27p - 2M just gone through.

MM's moving price down to fill large Director buy orders?

MJ good timing on the above post, just saved me some research!! :-)

mjr, what does that mean.... Sp moves to down accomodate buy order? could you explain please

Large buy order at .27 for x amount of shares. X amount of shares exceeds all other limit buy orders pulling average sp down. Directors deal done sp average is restored....

okay, stilll learning ropes got long way to go!

Explosive any further observations on SER

This thread realy has all the info and so far no rampers or derampers twisting things.... SER is really a long play share with fairly low risk, have a look at its web site and decide for yourself if its worth investing in.... Good one for the watchlist or portfolio if your still paper trading though.