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

Morning All.

666

Just got online quotes.

You can buy AND sell at 0.28p - the spread is 0!

(buy 150k/sell 375k)

MJ

See what develops...

666

got in at .25 for 2mil through a phone call to Lloyds hoping thats the low but can see this going to .2 , may haVe some more if it falls for day trade, oil price on the way up can only help bring in more cash . these are all time lows on best production eVer , It cannot last i keep telling my self .

I think that the current low price has more to do with 0.06c sales to share ratio than anything else. I'd like to see a buy back with profits made to increase this figure and add value to shareholders.

0.06c sales to share ratio?

Surely at least 0.24c?

mj - maybe at today figures but on last released fundamentals its 0.06 mate... Next year accounts should look better....

Yes I used current figures. I think next accounts will show a huge improvement on the last ones.

I would add to your wish list, that I would like to see Director purchases. I know most of them have a fair sized chunk, but it would reinforce the value here.

MJ - it sure would, might help the city see this isn't a family run show!!

Hi All,

Couple of nice mill+ buys... Looks like the old volume 'issues' are gone...

Interesting to see how things start to pan out...

666

All

Now showing 0.26... mmm

666

Some available at 0.25p again. Pity I have no funds to top up.

MJ

You'll have plenty when this one checks out eh :P

Nice to see some more action on the thread too...

666

Did you top up at the 0.25p again Diablo?

Bid at .07 now, is this right or am i seeing things, any views.

The volumes are back and I have not funds.... Sods law!! ;-(

Yes, volumes are getting higher and higher. Yesterday and today, over 18M, more than the total weekly volumes of 4 out of the past 6 weeks.

This can only mean the overhang, however big it is, is getting eroded faster and faster.

Up tomorrow I hope, to 0.30, forming a double-bottom on the chart.

mj - fingers crossed, whats the spread look like still at a lovely 0ish??

Morning All,

MJ - held back from any trades on this yesterday... Watched activity to see which way things went... With all the recent tests of 0.25 ish levels and MM trapping, wanted to see if 0.23-24 came available and what action took place at the current support level...

Explo - Trouble with this game is you can always find something else to be in on...
Take heart, your current holding will yield a mint...

MB - Nada...

Let's see what today has instore...

666

A bit sleepy today - "wide" 0.05p spread suppressing trade?