does anyone know anything about these guys?,there has been some buying and (a lot)of selling .i am trying to find something really really cheap to speculate without the fear of losing much if the worst happened.

thanks.
dexter.

Dexter

I have also been watching that other one you mentioned ZBA looks good waiting for spread to narrow a bit then i am in. I was going in earlier then share dropped but ready and waiting.
Cheers.

we are on the move!

.

Sefton Resources Inc
30 June 2005


Sefton Resources, Inc.

Sefton completes first phase
of its drilling programme

Sefton Resources, Inc. the AIM listed oil and gas production company with assets
in California, Kansas and Canada announces that the first phase of its Tapia
drilling programme has been completed. Three wells have been successfully
drilled, indicating good reservoir sands in each well. Production has already
started and will be brought on slowly to allow the gravel-pack completions to
settle in properly.

Jim Ellerton, Chairman and Chief Executive of Sefton commented:

'The drilling programme has justified our early optimism concerning this field.
We have still to complete work on two additional wells where we are also very
optimistic about the likely results. Once we have cleaned up the wells and
produced for a couple of months, we will be ready for the next phase of cyclic
steaming. We have now received final permits from the Los Angeles Air Quality
Management District (AQMD) and plan to start operating our Steam Assisted
programme in early Autumn.

Enquiries
Jim Ellerton, Chairman and Chief Executive Tel: 303 759 2700
Jeremy Delmar-Morgan, Director Tel: 020 8748 4066
David Millham, Investor Relations Tel: 020 7796 9999

Sefton Resources Inc
07 September 2005


Sefton Resources, Inc.

('Sefton' or 'the Company')

Results for the six months to 30 June 2005

Chairmans Statement

As I reported at the start of the current year, progress had been hampered by
the exceptional rainfall in California during January and February, which
delayed our drilling programme. I am now pleased to be able to report that we
have made up the lost ground and we are back on track. We have successfully
completed the drilling of five new wells at Tapia and by August the Group was
producing the 200 BOPD that we expected to achieve by the end of 2005.
Unfortunately we received no benefit from this progress during the first half of
the year, when we were investing in the drilling programme and increasing our
asset base, with the acquisition of mineral leases in the Kansas Forest City
Basin.

To help fund the asset acquisitions in East Kansas, which is primarily Coal-Bed
Methane gas, we initiated a private placing of shares in our Canadian
subsidiary. However, we will retain the controlling interest when the private
placing is completed. The acquisition is an excellent fit into our existing
leases in Kansas. It consists of 20 miles of pipeline, a 25 mile gathering
system and 65 wells, of which 42 are classified active wells. Due diligence has
been completed and the closing date is now 21 September 2005.

As I have already mentioned the five new well drilling programme at Tapia has
been completed and initial production from the final well began in August. The
field has also received an electrical upgrade to maximise production and will
see the start of our Steam Assisted programme in the autumn.

At Eureka workovers on a centrally located well involving carbon-oxygen logging
techniques has resulted in the identification of additional producing zones.
Re-mapping is planned of the existing production areas and the relatively
unexplored portion of our lease, which covers some 1,000 acres.

The weather at the start of the year was a major challenge to our team, but the
results from the drilling programme have more than justified our previous
confidence. I believe that we have taken a major stride forward in putting
Sefton on a more solid financial footing.

John J Ellerton - Chairman and Chief Executive Officer
September 7, 2005

Sefton Resources Inc
Consolidated Balance Sheets

30 June 30 June 31 December
2005 2004 2004
(unaudited) (unaudited) (audited)
Assets
------------------------- --------- --------- ------------
Current assets
Cash $516,231 $375,113 $2,485,513
Accounts receivable 140,906 123,171 59,200
Other receivables - related party 88,286 146,781 157,973
(Note 9)
Prepaid expenses and other assets 19,062 32,434 41,914
--------- --------- ------------
Total current assets 764,485 677,499 2,744,600
Oil and gas properties, full
cost method, net (Notes 4 and
10) 7,336,000 3,871,768 4,325,195
Equipment and vehicle, at
cost, net 58,903 50,856 44,756
--------- --------- ------------

Total assets $8,159,388 $4,600,123 $7,114,551

Liabilities and Stockholders'
Equity
-------------------------
Current liabilities
--------- --------- ------------
Accounts payable (Note 10) $1,710,036 $297,304 $438,382
Accrued expenses 29,556 34,482 2,697
Accrued expenses - related
parties - - 46,871
Note payable, current portion - 20,000 -
Notes payable, related party - 11,170 -
--------- --------- ------------
Total current liabilities 1,739,592 362,956 487,950
Note payable, long term (Note
9) 533,749 350,000 348,554
Asset retirement obligation 292,612 232,529 75,340
--------- --------- ------------
Total liabilities 2,565,953 945,485 911,844
--------- --------- ------------
Minority Interest (Note 6) 407,865 - -
--------- --------- ------------
Stockholders' equity

Common stock, no par value,
3,000,000,000 shares
authorised, 1,493,369,500
(June 30, 2005) 968,369,500
(June 30, 2004) and
1,493,369,500 (December 31,
2004) shares issued and
outstanding (Note 6) 10,974,689 7,761,885 10,922,853
Stock subscription receivable (30,047) (30,047) (30,047)
Stock reserved for employee
benefit pool (Note 9) (58,602) - -
Accumulated (deficit) (5,797,961) (4,123,781) (4,789,335)
Accumulated other
comprehensive income (Note 3) 97,491 46,581 99,236
--------- --------- ------------
Total stockholders' equity 5,185,570 3,654,638 6,202,707
--------- --------- ------------
Total liabilities and
stockholders' equity $8,159,388 $4,600,123 $7,114,551
--------- --------- ------------

Sefton Resources Inc
Consolidated Statements of Operations and Comprehensive Income (Loss)

For the six months ended For the year
June 30 ended
2005 2004 December 31
(unaudited) (unaudited) (audited)
Revenues $371,414 $281,197 $563,231
Oil and gas sales
--------- ------------ ------------
Cost and expenses
Oil and gas production costs 204,947 145,991 402,425
Depletion,
Depreciation and
Amortisation 98,013 105,913 166,662
General and
administrative
expenses 815,994 453,989 1,085,407
Establishment of employee benefit
plan (Note 9) 266,735 - -
--------- ------------ ------------
1,385,689 705,893 1,654,494
--------- ------------ ------------
(Loss) from operations (1,014,275) (424,696) (1,091,263)
--------- ------------ ------------
Other income (expense) 13,911 589 10,464
Interest income (8,262) (527) (11,203)
Interest expense - 1,202 3,016
Foreign currency transaction exp
--------- ------------ ------------
5,649 1,264 2,277
--------- ------------ ------------
Net (loss) available
for common stockholders $(1,008,626) $(423,432) $(1,088,986)
--------- ------------ ------------
Basic and diluted
(loss) per common share: (0.001) (0.001) (0.001)
Basic and diluted
weighted average
shares outstanding 1,493,369,500 928,123,346 1,133,348,189
Other comprehensive
gain (loss): $(1,088,626) $(423,432) $(1,088,986)
Net (loss)
Foreign currency
translation adjustment
(Note 3) (1,745) (20,570) 32,085
Comprehensive (loss) $(1,010,371) $(444,002) $(1,056,901)

Sefton Resources Inc
Consolidated Statements of Cash Flows

For the six months ended For the year
June 30 ended
2005 2004 December 31,2004
(unaudited) (unaudited) (audited)

Cash flows from operating activities
Net (loss) $(1,008,626) $(432,432) $(1,088,986)
Adjustments to reconcile net (loss) to
net cash (used in) operating
activities
Depreciation and
depletion 98,013 105,913 166,662
Establishment of
employee benefit plan
(Note 9) 266,735 - -
Stock issued for
services - - 19,349
Stock options issued
for services - - 49,000
(Increase) decrease in:
Accounts receivable (81,706) (23,769) 40,202
Prepaid expenses 22,852 (3,528) (13,008)
Other assets - related
party 69,687 (108,255) (119,447)
Increase (decrease) in:
Accounts payable 1,271,654 (355,472) (214,394)
Accrued expenses -
related party (46,871) (21,840) 25,031
Accrued expenses 26,859 29,404 (2,381)
--------- -------- -----------
Net cash (used)
provided by operating
activities 618,597 (809,979) (1,137,972)
--------- -------- -----------
Cash flows from investing activities
Proceeds from sale of
oil and gas properties - - 23,824
Purchase of oil and
gas properties (Note 10) (2,880,040) (603,664) (1,274,028)
Purchase of property
and equipment (25,653) (21,022) (25,356)
Establishment of
Employee Benefit Pool
(Note 9) (325,337) - -
--------- -------- -----------
Net cash (used) by
investing activities (3,231,030) (624,686) (1,275,560)
--------- -------- -----------
Cash flows from financing activities
Proceeds from sale of
common stock - 1,065,489 4,158,109
Collection of stock
subscription
receivable - 11,433 11,432
Proceeds from sale of
common stock of
subsidiary company
(Note 6) 459,701 - -
Payments on notes
payable - related
party - (10,836) (22,006)
Proceeds from notes
payable (Note 9) 325,337 400,000 370,000
Payments on notes
payable (Note 9) (140,142) (57,500) (48,946)
--------- -------- -----------
Net cash provided by
financing activities 644,896 1,408,586 4,468,589
--------- -------- -----------
Effect of exchange
rate changes on cash
(Note 3) (1,745) 29,504 67,768
--------- -------- -----------
Net increase
(decrease) in cash (1,969,282) 12,425 2,122,825
Cash - beginning of
year 2,485,513 362,688 362,688
--------- -------- -----------
Cash - end of period $516,231 $375,113 $2,485,513
--------- -------- -----------

Notes to Consolidated Financial Statements

1. The financial results for the half-year to 30 June 2005 and the comparatives
to 30 June 2004 are both unaudited. The financial information for the year to
31 December 2004 has been extracted from the full audited financial statements.
The financial statements presented in the 30 June 2004 interim statement
incorporate by reference the full audit report that is available in the
Company's annual report from 31 December 31 2004.

2. The financial information included in this document has been prepared on a
consistent basis and using the same accounting policies as the audited financial
statements for the year to 31 December 2004 and has been approved by the
Directors of the Company.

3. The reporting currency of the Company is the U.S. dollar. The functional
currency of the Company's Canadian subsidiary is the Canadian dollar.
Translation into U.S. dollars is performed for assets and liabilities at the
exchange rate as of the balance sheet date. Income and expense accounts are
translated at average exchange rates for the reporting period. Adjustments
resulting from the translation are reflected as a separate component of other
comprehensive income. Transaction gains and losses that arise from exchange rate
fluctuations on transactions denominated in a currency other than the functional
currency are included in the results of operations as incurred.

4. On 24 August 2004, Teg MidContinent, Inc. was formed as a wholly owned
subsidiary of Sefton Resources, Inc. Teg MidContinent has and will
continue to acquire oil and gas properties in the Mid-Continent and Rocky
Mountain Regions of the United States. The initial assets acquired were oil and
gas mineral leases in the Forest City Coalbed Methane Basin portion of eastern
Kansas. In addition, a purchase and sale agreement has been executed to acquire
wells, leases, a gas pipeline and gathering system together with associated
equipment in eastern Kansas. These properties are being acquired for
approximately $1,800,000 (United States Dollars) and the closing is set for
September 21, 2005

5. On April 1, 2005, Sefton Resurces, Inc. sold Teg MidContinent, Inc. to Teg
Oil and Gas, Canada, Inc. (Teg Canada) for $500,000 (United States Dollars),
2,000,000 shares of the common stock of Teg Canada and the assumption of all
future costs and expenses related to Teg MidContinent, Inc.

6. In May 2005, the Board of Directors of Teg Canada approved the issuance of up
to 6,000,000 shares of Teg Canada at a price of $0.25 (Canadian Dollars) per
share. As of June 30, 2005 subscriptions for 3,114,098 shares of this private
placement had been signed, and the Company had received cash of $459,701.

7. Canadian oil and gas production costs consist of actual figures for the first
quarter of 2005 and include an estimate for the second quarter of 2005. The
second quarter estimate of oil and gas production costs is 60% of second quarter
gross revenue accruals. This cost estimate is necessary due to a lag in
receiving actual revenue, and cost data and is consistent with the presentation
for the half-year to 30 June 2004.

8. There was no dividend paid in the reporting period.

9. During the half-year to 30 June 2005, the Board approved the establishment
of an employee benefit and incentive plan. This plan mayinclude cash, a net
profits interest from production, stock, and other items which the Board may
elect to contribute. Distributions to employees will be accumulated and issued
at the sole discretion of the Board of Directors of Sefton Resources, Inc.
Initially, a note payable to an original shareholder for the acquisition of
6,092,021 shares of Sefton's common stock was acquired from a director. During
the half-year to 30 June, 2005, the Company paid $73,180 of principal by
reducing the receivable from this director and an additional $16,962 in cash
resulting in a balance due on the note of $235,195 as of 30, June 2005. In
addition, the establishment of this plan resulted in a cost of $266,735 as
reflected in the accompanying financial statements. This transaction will be
reviewed by the Auditors at year-end to ensure the accounting is in accordance
with US GAAP. There have been no distributions from this plan to employees
through 30 June, 2005.

10. The cost overruns in the recent Tapia Drilling Program are being resolved
through; re-imbursements from TEG Oil & Gas Canada Inc., loans from Directors
and associates, increased revenue from production and potential bank borrowing.

11. Copies of the Interim Statement will be sent to shareholders in October
2005. Copies of the Interim Statement will be available from the Company
Secretary, Masons Secretarial Services Limited, 30 Aylesbury Street, London
EC1R 0ER.

For more information, please contact:
Jim Ellerton, Chairman and CEO Tel: +1 303 759 2700

Hi All, been in on this share now for quite some time. With the high prices of Oil Sefton should make a good profit. Breakeven on Sefton is around 80 barrels of oil per day so very low running costs. Oil gravity is medium to high and long life reserves... Due to location the company has suffered bush fires which distroyed a high percentage of Seftons assets. They company is now starting to get back on track, shares have really stared to fly too, a month and a half ago were trading for .20p to .25p and are very volitile. Sefton also was named by Bloomberg this morning as one of the top AIM risers...

Have held sefton for a while. Did you not see their interims. They are producing 200 bopd without SAGD which they are putting off using until Spring 2006 (Oilbarrel carried article the other day which was very informative).
They complete acquisition of gas company in Kansas on 21 September.

If you look at the ADVFN thread there is a lot written about SER and it is very positive although for a few months cash is a little tight because of production delays and I expect acquisition.

All in all this is an undervalued share where mm's are putting a big spread.

hopefully some good news coming with announcement about Gas and bigger oil find at tapia should get this better coverage and a better spread

Floopy - Good points raised, a share buy back also tighten the spread range. Agreed though the sp is undervalued however Sefton suffer from a lack of positive news which would attract futher investors.

Just found this production graph - makes your mouth water!

Nice one more info like this
See article 12/09/05 www.oil.barrel.com
With production established, and oil prices soaring.
Jim Ellerton, chairman and chief executive, said the past six months saw the company take a major stride forward in putting Sefton on a more solid financial footing. The company has just clocked monthly revenues of US$300,000.

News tomorrow?

Tomorrow.

Today?

Monday?

Friday?

This week?

Soon?

soon is 6 months min no steam or results til then .i haVe 1.3 mil of theses for the last 18months .once your in get traped bythe spred.trade d j kx dgo een hnr alk aey bp pci . in the same time frame .neVer got multybagers .nice profit