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

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.

LOL! wtf just happened?

I reckon the MMs have bought all they need.SueHelen is the expert - appears to have done all the research and has level 2. I wish I knew what she knows.

I've seen a lot of bad stuff with mm's over the years but
this has to be the worst ever.

Wins buying at 0.34p and then mark down to 0.22p !

Think they wanted to slow the buying down.....my large buy has still not come through....should see lots more come through soon.

Hood back on the bid....0.25-0.34 pence.

Who needs Alton Towers when you own SER shares? LOL.

L2 just gone positive at 2 v 1.....WINS have joined HOOD on the bid.

iwas up 1600 there for a few mins ,but we are starting the moVe up plenty of buyers comeing on board . welcome.