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

Any change in level 2?

My online quotes are 0.29/0.34 375k both sides.

Given the much larger buying than selling yesterday, and more buys than sells again today, it may be that the MM's are attempting to "tree-shake" out some cheap stock to balance their books.

Any change in level 2?

My online quotes are 0.29/0.34 375k both sides.

Given the much larger buying than selling yesterday, and more buys than sells again today, it may be that the MM's are attempting to "tree-shake" out some cheap stock to balance their books.

mjr, good posting I am waiting for Sue Helen to kindly update me on the level2 - I wonder whether she will be able to today???

I have a big tip for a short-term trade if anyone's interested.

GGGW are the warrants of GGG (Central China Goldfields), and are exercisable at 8p. The warrants are currently priced at 1.35p. GGG looks about to break-out above 8p.

Basically, if GGG goes up 1p, GGGW also go up 1p, giving a 75% profit!
If GGG goes up 2p.. etc etc.

So GGGW looks like it has a good chance of doubling or tripling in a very short timespan. I've bought a few just now.

0.28-0.36 pence....Level 2 is positive at 2 v 1 with WINS and HOOD on the bid.

HOOD have been all over the way the place with the bid so far today.

SueHelen - have a look at GGGW it does look like easy money v.short-term.
If your broker covers it that is.

Another day of great volume and loads of buying. Looks like the MM's were hoping for a few more cheap sells today to help fill these T trade buys going through.

Wonder how many more buy orders they have to fill?

Could see some very nice price action next week.

Thanks, mjr and helen, quite interesting how at 2 v 1 the price seems to have declined..lets see what happens next week!

MJR and SueHelen I am strongly into ELP who plan to dig in NOrth Sea sometime in the next fortnight which could send the share rocketting! I wonder what your views are?

MJR - Please can you explain the correlation between GG and GGGW and why shoudl the sp increaser? and what evidence is there that it will other than the recent RNS from GGG?

Views would be welcomed?

jameel06 -

GGG is a normal share, GGGW are tradeable warrants that allow you to buy a GGG share at 8p for each warrant owned. So if the price of GGG is below 8p, GGGW are not worth much, only about 1p, but obviously if the price of GGG goes above 8p, the warrants are now worth a lot more, so that if GGG goes up by 1p, GGGW should rise by 1p as well, from eg 1.3p to 2.3p, so you get a much bigger gain.

Reasons why GGG will go up - recent RNS as you say, plus rising gold price, rising volumes, and chart indicates breakout is imminent. No guarantees but I thought it looked a very good punt for a quick doubler or more.

Did anyone notice on the 5th Dec '05 Jim Ellerton bought 400Ks worth of shares increasing hi holding to 58,352,900. I make that a 6.02% holding. Anyone know if theres anyone with a bigger holding or if Jim Ellerton holds the most shares?

explosive thanks for that

sue helen , any views on gggw, wats level 2 saying...
ur views as always welcomed

Will have a look through some of the stuff u have mentioned for u Jamee over the weekend......always spend a couple of hrs each weekend doing some research so will get back to u by sunday night.

Have a wonderful weekend folks.

SueHelen,

THats amazing have a great weekend.
REgards,

Jameel

Jameel - I see SueHelen and MJ have been explaing some terms over past posts. You'll do well to make some notes for future reference. I may also add both have been extremely honest and not mis-led you as some would do on bulitinboards. Choose wisely who you take advice from or listen to as there some who will try to "deramp" (make you think a share price will fall so you sell vice versa) costing you money.

I have found this one of the pleasanter threads with none of the slagging off prevalent on some of the others. So thanks to mjr1234 primarily and the other contributors. I am not a total novice but the technicalities need a bit of following. I have found Sue Helen's help in this area fantastic.
On the strength of what had been said in the thread plus a sort of instinct that this was a thought-out, sober suggestion, I bought some myself in mid November.
I'm enjoying the ride and visiting the comments each day makes me feel that I'm as well informed as I could be.
Have an enjoyable weekend.
Explosive's comments arrived while I was 'composing' mine. He just echoes my sentiments and reinforces my gut feelings - a bit psychic really!

schiff, i totally agree, its great learning experience, shring expert opinion with mjr and especially SueHelen.....

Recent article regarding ELP: please see:
http://www.hegnar.no/Finansavisen/newsdet.asp?id=205033&cat=116

Predicts a sp increase by 3400%... unfortunately in Norwergian but there is a translation avaiavble

Info:

Elixir Petroleum Ltd (ASX code: EXR, AIM: ELP) (Elixir or the Company) is delighted to announce that its farminee partner, DNO UK Ltd (DNO), has secured a drilling rig for an exploration well on the joint ventures high impact Jaguar prospect in Northern North Sea Block 211/22b.



The Jaguar well will test a new stratigraphic play as yet untested in the UKCS Northern North Sea. The concept however has been commercially proven in nearby Norwegian waters.



The semi-submersible rig, Bredford Dolphin, has been contracted to drill Jaguar. It is currently drilling a well for Dana Petroleum in neighbouring Block 211/22a and on current commitments and estimated timing the spud date on Jaguar is estimated to be around mid January 2006.



The Jaguar well is expected to take 45 days and reach a total depth of approximately 3,950 metres.



DNO holds the remaining 60% interest in Block 211/22b and will meet 92.5% of the Jaguar well costs under the terms of farmin agreement signed with Elixir in June 2005. The farmin represents a return to the UKCS by DNO, which is an active explorer and owns producing assets in the Norwegian sector of the North Sea.



The Company believes that very few other junior oil and gas explorers, if any, will be participating in such a high potential exploration well as Jaguar over the next few months.



Russell Langusch, Elixirs Managing Director, said, Following so close behind our Muness earn-in announcement in late October, this is great news. Our strategy of participating in a number of potential company-making North Sea exploration wells is gaining momentum with Muness planned to be spudded later this month and Jaguar now in mid January 2006.