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

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

cellby, fairly wierd I was planning to top up yesterday but didn't and by end of play it had risen. I'm sure it will stabilise 2morrow for buyers to come on board. Its been swayining to and from the 18-19p mark for the last fortnight! And I have nooticed high volumes with alot and buys and now and again met with high no. sells!! I'm just thinking whether to top up or stick to wat I have? I just feel that I need to top up,,,,lets see,,,I guess if one is to top up then this is the moonth!/...

Now all this summarized in simple english: my judgment: to 'buy' in January and wait for profits in March and cash in late year....

I better stop in my tracks as I'm probably saying more than the facts speak! Lets hope, I bank on this mother together with ELP!!!! So good luck goes to three minnows: elp, ser ,sey

to buy .28 and aboVe tuesday .25buy my last buy .25 trying for lower ilike a bargin.

Well good luck you average is below mine.

This share is RIDICULOUSLY cheap. But so few people are aware of it, and many of those that look at it are probably put off by the chart and the sub-1p price before they have a chance to do any real research into it.

The sooner Hardman&co and the other guy begin covering this the better. Should see a LOT more interest then.

Anyone got Level 2?

Apparently HOODS have come off the offer today for the first time in 6 months and are now on the BID at 0.26p?!

This could be significant..........

We're off COME ON!!

I've bought 720,000 odd at 0.34 pence....my buy trade should come through in an hour.....good stock it seems which will bring good value to my portfolio over the coming weeks.

Was waiting for months for HOOD to move off the offer and onto the bid.

0.30-0.34 pence.

Level 2 is 1 v 1

HOOD v KBC

no im not ready want more on the cheap oh dear.

Nice one Sue. These should bring massive rewards this year.

Level 2 just improved.....now 2 v 1....WINS have joined HOOD on the bid.

Bigger delayed buys at 0.34 pence will be coming through in the next hour....tick up shortly.

There...0.30-0.35 pence....2 v 2 now.

Hang on back to 0.30-0.34 pence....L2 positive at 2 v 1.

Double tick up on the bid....0.32-0.34 pence....HOOD leading the charge...1 v 1.

0.33-0.34 pence...L2 has just gone positive at 2 v 1....WINS and HOOD on the bid...tick up forthcoming.