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

Also there is going to be a resolution at the AGM on consolidating the shares by 15 to 1:

1. To receive and adopt the financial statement for the year ended 31 December 2005 together with the reports of the directors and auditors.
2. To authorise the Directors to appoint auditors and fix remuneration for same.
3. To elect Harry Barnum as a Director of the Company.
4. To amend regulation 91.1 of the companies Articles of Association changing the age 65 to 75.
5. To amend regulation 85 of the companyies Articles of Association limited Director's employment.
6. To amend regulation 57 of the companies Articles of Association giving guidelines for conducting business at the AGM.
7. To re-elect Norman Thachuk as a Director of the Company.
8. To re-elect Tony Ashton as a Director of the Company.
9. To amend the Companies memorandum to permit the Company to combine its shares.
10. To authorise the company to consolidate it's authorised and issued ordinary shares on the basis of fifteen (15) shares into one ordinary share.

I think the consolidation will enable smaller investment companies to invest in SER, as they could be precluded from investing in companies with sp's less than a penny.

IMHO, it is very good news, but the market will decide.

15-1, and you think this is a good thing, I suppose it all depends on the spread when this happens. Lets hear the price before commenting further.

Hardman report is out:

http://www.hardmanandco.com/Research/Sefton_June_2006.pdf

MOVEMENT, at last! :-)
I can now rest and watch my money grow.

Wait for it TFC to tell us how right he was.

Check out the Hardman report released today:

http://www.hardmanandco.com/Research/Sefton_June_2006.pdf

Its already been posted.

And exciting reading it is, too. My money's tied up in BLR, though, but am expecting that one to turn a similar performance in due course.

Well that was an exciting day. More to come tomorrow I suspect once the papers report on this rise. Well done to all long term holders. We've waited long enough for this.

You can say that again moonshine, been in SER for years buying on the lows.... Finally the return and a good day overall for my portfolio.

Looks like jim's trip to london has had a maximum affect.

SMALL-CAPS: BULLISH NOTE INSPIRES OIL AND GAS GROUP SEFTON
By Peter Garnhamand Neil Hume

Published: June 23 2006 03:00 | Last updated: June 23 2006 03:00

*Sefton Resources, an oil and gas group operating in the US and Canada, leapt 131.4 per cent to 0.81p after a bullish note from Hardman & Co said the company's oil interests justified a "considerably" higher share price. Hardman put a pre-tax valuation of $102m on Sefton, equal to 3.39p a share.

link:

good day yesterday amazing Volume,may haVe some more coments in the papers soon.sellers should come to take there profits today and then hoping bid will hold aboVe 1p,if the last post is corect we haVe 400% to go until fair Value,nice one.

mm looking for stock 300k on the offer and 1.5 million on the bid.i would prefer they bought back there own shares.as a treat for the long suffering share holders.

Would somebody be kind enough to post the Hardman report onto the thread please, so those of us who have not signed up can read it.

This is exellent news, i hope the profit takers do come in so i can buy at a cheaper price, it reached over 1p today which shows the direction were this stock is heading in the near future, you guys have been very patient and deserve this rise
and more!

http://www.hardmanandco.com/Research/Sefton_June_2006.pdf

kkeith2000
check post 966 or 969

Nice result for all us long time holders, shame MRJ isn't still posting as I bet drinks would have been inorder.

I've just read the report, and it's exellent, i will now try to get in at a good price.
2007 p/e of 2 is too good to pass by for an oil company.

The reason i didnt by earlier was becuase i didn't understand what they were doing with all the oil revenue, but the projected 2007 earnings have shown me that
this must have been down to blowout costs higher than normal costs and some debts.

By the way have hardman got any reports for Europa Oil + Gas for this year.