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

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?

zzzzzzzzzzzzzzzzzzzzzzzz

666

4M buy - biggest for a long time. Nice.

Dia~666 - Agreed it should yeild a mint, just before May '06 I reckon on the prediction of '05 final results..... Broker forecast should also increase... In the meantime I watch for available funds and another chance to pick off the low prices!!

Explosive

Hit the nail on it's head...

666

Wonder if we will get a Director Holdings notification today (+4M?)

MJ

I just love easy money :p

666

You reckon Directors are buying as well then?

I had a dream earlier. It was Norm Thyatuk (sp) and each of the other directors also bought on consequitive days.

MJ

Not sure... I know I would be... RNS will confirm it....

One thing that crossed my mind:

Sefton came to the market with expectations and a plan of action. Though now diluted, IPO price was above 6p...

Whilst having been 'tried by fire' - the big +ve is the current future prices and increasing extraction volumes... Key factors that have come to play since their float... To my mind, they (and we) are in a better position now that at any other time...

Ultimately, the MM and bears will give way and it's % yeild at sub 0.3 prices - will make any waiting around in the interim, worthwhile....

666