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

Just wish I had waited til now to get my just under 2M holding.

Although if I put in an order of that size now, I'd probably have to pay the same price as my average anyway!

MJ

What's great about this one too, is the fact that, 'the newbies' can get in on it right now, with no risk to their 'start-up' capital... With just a 500 - 1k investment is gonna reap a good return for them...

666

MJ

0.25 - 200k - now showing 0.26 - Grab 'em while you can!!!

666

Absolutely ridiculous! Got another 100k.

MJ

Well done - More for the pot ... All this just makes us that much better off!

666

Crazy days.

MJ

Exciting prospects though...

Will it be bulls or bears today or will all the chickens run away...

666

Offer up nearly 50% this morning. Looks like someone bought up all the cheap shares?

MJ / Andy / Explosive

0.25 - 0.26 Good sign - Others grabbing too...

666

Bags of fun this share. Who needs Alton Towers?

MJ

Lovin' every minute... BTW - Are you OK on volume fills?

Posted this on the other thread... Explosive appeared to be having a little hassle getting filled on volume...

Explosive,

Sounds a real pain... Not sure who your using for trades but I've found that an 'off-line' broker is best for trading in this one... The fact they have had to phone through to MM for trades each time has really helped with getting a 'value' price together with volume...

666

Not sure you need it... Just in case though... Shame it's the weekend...

Looking forward to next week... (still another 30 mins+ left though)...

666

Unfortunately, I can only use online trading, as I have a job during market hours :(

Fortunately, internet use is freely available :)

MJ

We all have to 'nip to the loo' sometime - blame it on a takeaway, usually works...

Trouble is, this current 'run' (no pun intended) appears to be lasting longer than the story can hold...

lol

666

LOL! I'll have to try that one. Missed that last 0.26p unfortunately, now MM's playing a different ball game raising the bid?

MJ

Yeah, noticed it too... Starting to look better... Already in the money...

BTW - If it did carry on into next week, aside from setting a new world record in 'toilet breaks', their may be promotion on the table for the most dedicated member of staff... 'The one who stuck with it', even when things 'hit the fan'...

666

got in with another 150k shares at .28 would haVe liked cheaper but did,nt the getVolume when price was lower . had a limit order on at .25 while i was out nealy got there . things are geting interesting ,did they say were going to giVe monthly production updates .

All,

Well that's quite some day today, talk about a white knuckle ride!

I'll certainly maintain my interest here, certainly not a dull and boring share!

Evening all new thread I see, better luck on the markets today, some big trades going through mine just one of them!! :-)..... Hope the price holds low for a while also to I can buy up more....

British Bulls have share as a wait also, the tipsters know this ones gonna fly....

http://www.britishbulls.com/StockPage.asp?CompanyTicker=SER&MarketTicker=RESOURCES&Typ=S

i also think this is going to 1p short term ,what is strange why people selling at these lows ;lots of chunky 500k some 1m and aboVe . reading company reports and product figures seems good , like things are geting much better ,then what are the sellers seeing .my thought is maybe shareplaceing could come ,but eVen then it would be for product of more oil share Value grows . strange?.