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

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.

Slow start..

Improving..

give up mjr. it will drop again... its the same as DMR, a pile of crap

LOL. How you can compare this to DMR I don't know. Do you know anything about this company, or is your "negative attitude" based solely on it's sub-1p price?

Expecting production update for November any time (on website). And possibly Director purchase RNS tonight IF they bought yesterday?

Potatohead - post 219

If you must rate a share or draw a comparison then please advise why or reasons for the conclusion. Anyone new to trading watching this thread potatohead is a deramper and not even a good one at that, hence the stupid name. Of course I am fully prepared to withdraw this statement if potatohead can justify his post. I suspect not though..

spoilt my plan today with this rise was ready to topup ,bit of moVement makes things interesting ,may start catching peoples atenstion.

Cellby, what rise today. 1.5m traded end of day @ .23