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

Have to agree with Rhino that it's news we need. Interest is waning at the moment and punters are moving cash elsewhere since hitting .65 some weeks ago.

No news and the steady drip south will continue and still 6 weeks to go until results are due.

Need news on current production rates (and sales) now so come on Mr Sefton!!!

If people who bought at 0.65 are selling out already, at a 20% loss then they are either bad/inexperienced investors, or T+ traders trying to trade the wrong sort of stock, simple as that.

Moral of the story: Don't try and trade this stock - it's a buy and hold and requires patience (which is a prerequisite for any successful investment).

Just DO YOUR OWN RESEARCH, and if you like what you see then BUY AND HOLD. Otherwise don't bother. Very simple really.

Hear what you say mjr, but its news we need or interest fades - simple as that!

mmiller555 - "Hear what you say mjr, but its new we need or interest fades - simple as that!"

Not in this share it would seam, the only news releases apart from Director buy/sells or options is either in the form or a trading statement, interims or finals. Anyone whos been in on SER for 12 months would know this. There are more posters on this thread now then I've ever seen before suggesting interest has increased... We all love to read news but at the end of the day I'd rather the board concentrate on operations than consistant updates..

I bought in at .65 and am in for the long run. Not going to sell. I swithered from about .40 doing research and am standing by my decision based on current activity, drilling results. Good luck all whatever you choose.

Looking forward to the news..

If this was txo, pVr, blr or some other very small oil co. at .5p producing 200 barrels per day or more I am sure people would be jumping in to buy them, but ser is producing more oil than any of these at at least 1000% cheaper share price than some of the aboVe.With their production they are the cheapest share on the market, but people only know them from their disasters, now they are making it work by producing oil and making plans to grow the company.

Never mind Hardman&Co initial research note should be out in 2 weeks - should begin to address the issue.

Mj

How ya doin' ...

I'm climbing back in...

Get ready for a re-run....

Diablo - fine thanks! Added last week at .53 so wishing i'd waited a bit, but it is looking like bottoming out now and almost ready for the next rise.

How many are you after, because it's 50k online limit at the moment. Not many available at under .5p

I za fillin' my boots... Should say it's been bit by bit...

Just ignore the stick you've been getting.... Think about the lovely rofits...

The news will be coming in the very near future...
This one is definately going to rocket again...
that's a fact...

Victory news could be out today, calvin will get hooked up on monday... keep your eyes on MRP. I am amazed you guys have stuck in here

Nice one Diablo666

KK

Would have liked to get back in cheaper BUT, it's getting too close to the wire...

Me phinks .5 +- is not going to hang around for long...

Don't want to get caught short... Esp. on this making printing press...

A little patience is all that is required...

If a day goes by without news then hey... Were a day closer to the news...

Is it just me, or can I smell news very very soon?

MJR

Sorry to say it but think you are the only one smelling the news very very soon.

We have been looking for some substantial news for weeks now and nothing officially is coming from Sefton. This lack of news is causing the SP to drift south almost daily and it could be that we won't get anything newsworthy from management until results are out in May.

I am a holder and disappointed that newsflow is very very poor especially now that we have turned the corner and supposedly in profit.

Cheers, Mike

Have some faith Mike! A few weeks is nothing in investing. Even if we don't get anything until results, that's less than 6 weeks away now!

my target of .0028p is looking ever more nearer..

Mrj, for a year now you have been saying news is coming in a few weeks...

yer right, sort yourself out lad.. the company will never be what you are hopeing for

Looking forward to tomorrow :)

katchenka... if it reaches back to .28 p , I bet you won't be able to by less than .35-.40p.
if otherwise then hats off to you.
but in l reality , get a life, get on board or foxtrot oscar.As your just stirring.