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

From 21/02/06:

Sefton has agreed the terms of an offer to acquire all of the shares in TEG Oil
& Gas Canada, Inc. ('TEG Canada') which are not currently owned by the Company.
With the Company's focus increasingly on its California oil fields and Eastern
Kansas Coal Bed Methane fields, the Board believes that TEG Canada is no longer
strategically important to the Group but that better value can be generated by
making TEG Canada a wholly owned subsidiary in the short term before seeking to
dispose of it in due course and using the cash generated from any disposal to
expand the Company's Eastern Kansas assets.

http://moneyam.uk-wire.com/cgi-bin/articles/200602211630287358Y.html

Get ready for the bounce..

mjr,
by bounce do you mean an upwards trend or a horrible drop in SP [please forgive my ignorance]
Alex

robert,

Read my post 785.

Bounce off the trendline - upwards.

sorry mjr, should have read the page a bit more closely

I don't think you can bounce down Robert LOL

More buys than sells today,looking good to stay put with the SP up trend.

looks like ser is on the slide,135million shares to be added for buy back teg canada,thats around 1.5 million pounds and then they are going to try and sell it at a profit.how much is this canada minow worth i would not think more than 2 million pound that would leaVe nil profit after expences.

cellby,

I think you need a new calculator?! 135M shares issued, at current price 0.5p thats around 650k.
We do not know how much TEG Canada is worth, but I doubt that SER would overpay for it given the aim is to sell it for a profit short-term?

Don't forget we are also getting our hands on all the TEG Midcontinent placing cash that was going to be used for Monument acquisition that never went ahead. This will be retained by SER.

"On the slide" due mainly to end-of-tax year selling IMO and silly spread putting off new buyers, lets see if this silly spread disappears after Wednesday.

By the way they are having a meeting in Canada this week apparently, so may get some news off that (re: buyer(s)?).

0.5p offer - top up time.

mjr, thanks for that did seem a bit expensiVe on my calc,s .i would like a 20% dip for top up.

0.50p is an excellent price for a top-up. I would be lapping them up if I had any spare cash.

Online limits only 50k buy vs 1.5M sell, as well, compared to 1.5M each side half an hour ago.

mjr
some new's out in the next few day's and a report do you think also online limits of 50k buy
thanks keith

kkeith,

Yes. MM's trying to balance their books with cheap stock beforehand. Some fools always fall for it.

Hardman&Co report out very soon, I think they are trying to time the release with respect to newsflow / start of new tax year?

mjr
thanks they won't be getting any cheap stock from me am expecting good new's
Keith

What a great undervalued stock this is.
Can't wait to get more funds to add to my holding here. Next target is 3M.

People selling at this stage are utter fools, nothing more IMO.

mjr

I have been watching and participating in this since early December - the website is excellent as you say. But am I right with the following -- they had a production table on the website which showed the 200bpd production levels. This seemed to be tailing off slightly into Feb. Now I can't see the graph on the website. Was I dreaming - most likely - or have they cut this info?

I think you're dreaming Confidant - the graphs are still there, just checked.

Where are you posting from by the way?

Posting from home.

Must have just not looked at right page on website. Sitting on nice 70% pft since following the thread since Dec. On company figures suggests its sitting on about 2xPCF -- very nice -- which while I'm sure they are spending plenty on lunches and company cars should leave some leftovers for us shareholders.