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

Why good luck only to your female friends TFC? What have the lads done to warrant being left out?

Blah, Blah Blah French Connection (aka Bluedolphine/Katcenka etc), what a load of rambling rubbish, but that's not untypical for you.

Anyway, back to SER, I'm feeling very positive for next week. Looking at the wedge formation on the chart, with decreasing highs, level/slightly increasing lows, and decreasing volume, it's make your mind up time for the price next week. As I said in my earlier post, I expect it to move significantly one way or the other as it breaks out of this formation.

Now, given the fact that there has been consistent net buying over the last 3 weeks, with the majority of sells coming from HOODS gullibles, and combined with the positive fundamentals and imminent news, which we all know will be good (those of use who have done their research, asked the right questions and read between the lines), I know which dirction my money is on.

No doubt the pointless de-rampers who hang around this thread like a bad smell (potatohead/TheFrench/Katcenka etc - probably all the same pointless individual), will state the complete opposite (albeit with the usual lack of facts or figures to back them up).

Anyway as they say the proof is in the pudding, so lets just wait and see what happens..

mjr
I thought the The French was very positive and he does know his oils I use to have een and it has done well if he thinks this is a long termer then I would agree with that.
Check out my new thread GTL and be the first visitor.

Cellby - holding ser, sey (sold), fto, pvr, hnr (sold). Any reason why you don't hold CHP?

mjr ...Are we not singing from the same song sheet here ...?? As it happens i have held a chunk of SER since the last placement and was saying as a long term hold they are attractive and suggesting perhaps a share consolidation of perhaps 100 ~ 1 would bring with it the same benefits it brought EEN .. As you remarked yourself 99% of investors ignore shares @ the sub 1p level ( Usually with good reason. ) But this story is a little different. One half decent strike and the market will reward it greatly . .......An s/p of 49p would bring more exposure, volatility and liquidity than one of 0.49 ...Perhaps 100bpoe p/d is derisory but with refineries paying on average $62 p/b it at least has the cash generation to keep ticking over ...and hopefully the same luck that looked down on Cairn , DNX ,BUR, JKX,EEL,AFR will shine on SER ...So mrj whose rattled your cage you irrational illogical cretin ? . A deramper ..? oh give me a break you prol and read what i stated in my mail~ rather than what you THINK i have written ..Also if your judgement on character is as good as your perception reg. shares dont ever give up the day job . OK ? Lastly , .l am NOT Bluedolphine , potatohead NOR Katcenka . l am not that sad as to have the need to play silly games ; but in allowing myself to be drawn into debating such crap with you makes me wonder what type of devious minds constitute this board ... You have three weeks to achieve 0.75/ 1..375 . ....@+ J

or ill send aldwick around !

Am here already.

TheFrench,

LOL. I have an IP tracker in the thread header which lists the IP's of visitors to this thread, so I can see who you are and who your aliases are - so give up the act. You're now squelched anyway, along with your other aliases so don't bother replying to me.

Will the long awaited news arrive this week?
MT

Mickey Take
Was that a Mickey Take or is ser waiting for news.

driver - we are waiting for about 12 items of news from SER, in addition to the results in May/June.
One or more of these news items are expected to come before the results.

1. Hardman Report
2. Oilbarrel.com article
3. Production figures for Tapia on website
4. SER trading statement.
5. Update on sale of TEG Canada
6. Remapping of Tapia oil field
7. Remapping of Eureka oil field
8. Drilling/workover plans for this year
9. Update on steam-stimulation plans
10. What are they doing with the 3.0mcf of gas flow found at Tapia??
11. The start of CBM project
12. Average daily production figures now that all wells are supposedly flowing nicely
13. Update on the outcome of last week's board meetings
14. Sue CAZA Drilling Company for damages

Think SER are the ones who are taking the mickey with this wait.
MT

mjr, I knew there was a reason or 12 for holding these and my ongoing limit order!!

Will we get swept away in a sudden deluge of news? I hope not, one RNS a week would be fine methinks!

mjr1234,

How many other aliases do you have ?

aldwickk
You must admit mjr is certainly on the ball with this one.

Cheers mj.

aldwickk,

None, I only use the one name.

Driver,

That is often the case with people who are being paid to pump a share, they are fed a lot of info and charts to show how good a share is, take Sue Helen for instance and Paul Mattison. I have emailed Moneyam to ask them if his post regarding a

IP tracker in the thread header is true or not.

aldwickk,

I have made the IP tracker (the black counter) in the header visible, since you seem to think I am a liar?

Click on it and you will go to www.statcounter.com which should explain how it works.

Do you really think I am being "paid to pump this share"? Are you for real?
For F**ks sake, I've just done my research which anyone else is free to do, I have no special insider knowledge, just what is out there in the public domain if you could be bothered to look for it. As for being "fed charts" - DUH - try clicking on the "charts" button dickhead! - you saying moneyam are feeding me charts? What an idiot - now squelched.

Just so everyone is clear, there is no seperate IP tracker in here - our tech guys have taken a look at the code. There is however, a stat counter, but this cannot identify MoneyAM usernames etc in anyway.

If there was one, we would remove it, restrict access for that user and report them to the appropriate authorities.

If anyone has concerns do visit statcounter.com for the features. To ensure that all our users feel comfortable posting we have removed the the counter and the posters ability to add it back in.

Ian