does anyone know anything about these guys?,there has been some buying and (a lot)of selling .i am trying to find something really really cheap to speculate without the fear of losing much if the worst happened.

thanks.
dexter.

bit old article but oil per barrel is now over $36 so sefton should be able to make a huge profit now. This ahre price is totally undervallued




15.05.2002
Sefton Resources Stands To Benefit In 2002 From Recent Acquisitions
US company Sefton Resources joined London's Alternative Investment Market (AIM) eighteen months ago. Like Texas Oil and Gas (TOGS) which joined the Ofex market in London at about the same time, the placing reflected the fact that in the US there are a very large number of shallow oil and gas wells which become uneconomic when the oil price collapses but can relatively easily be made over and reworked when the oil price rises. It is not a question of exploring for, or finding the oil, as it is known to be there.

Although each well may only individually produce a small number of barrels oil or modest amounts of gas, given a sufficient number of wells, say hundreds, the operation can become very lucrative.

Sefton's main property at the time of the float was a 100 per cent working interest in the Tapia Company. Tapia is a heavy oil field in Southern California with estimated proven reserves of 3.7 million barrels with net reserves attributable to Sefton of 3.5 million.

The company is about to announce results for the first full year as an AIM company, so its executives are in purdah at the moment, but these results are likely to show a similar picture to that presented at the six months interim stage - a small operating profit but overall loss because of the capital start up costs of the operation which includes advanced techniques such as horizontal drilling and SAGD or Steam Assisted Gravity Drainage which can enhance the amount of oil recoverable.

For the six months to June 30 2001 revenues from Tapia increased 68.3 per cent to US $90,000 producing an operating profit of US$57,000. Overheads increased to US$330,000 in line with expectations reflecting additional establishment costs. The resulting loss of US$254,000 was broadly in line with expectations.

In the second half the oil price received would have dropped, of course, because of September 11, but this would have been offset, presumably, by more wells coming on stream.

But it is the current year and prospects that investors will be interested in. Last November TEG Oil and Gas, Sefton's wholly owned subsidiary acquired certain assets from Tiverton Petroleum. The acquisition consisted of Tiverton's working interests in leases on 13 properties. These working interests vary between 50 per cent and 0.09 per cent. There are 259 wells on the leases of which 231 are currently producing oil and 28 are producing gas. The proven reserves attributable to the assets being acquired by TEG are put at 81,000 barrels of oil and 170 million cubic feet of gas. This will add to Sefton's existing reserves 3.48 million barrels of oil.

The name of the game really is the number of wells the company can bring on stream. For example for the first six months of 2001 production increased more than seven times from 304 barrels in January to 2,160 barrels in June, something over 70 barrels of oil per day with each well producing a handful of barrels. Moreover lifting costs fell during this period to US$5.29 per barrel which is below the forecast of US$6.00.

With the oil price now well over US$20 a barrel and the start -up costs reducing, it does not take a genius to workout that barring accidents and unforeseen events Sefton should soon be in the money, even allowing for the money it paid to acquire new wells.
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OIL PER BARREL NOW OVER US$36 TO 40



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SAGEM - 24 Jul'04 - 16:41 - 56 of 56 edit


THIS STOCK WILL ROCKET WHEN INVESTORS COME TO REALISE THE POTENTIAL
OIL IS NOW US$36 TO 40 DOLLERS PER BARREL NOT 20 WHEN THEY WERE MAKING MONEY,
THEIR PROFITS SHOULD MORE THAN DOUBLE. READ AND WORK OUT FOR YOURSELF.
I THINK THEIR RESULTS FOR THE HALF YEAR ARE DUE IN AUGUST.
IT WILL NOT BE LONG BEFORE THE TIP SHEETS GET HOLD OF THIS COMPANY AND ITS POTENTIAL.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Sefton Resources Stands To Benefit In 2002 From Recent Acquisitions
US company Sefton Resources joined London's Alternative Investment Market (AIM) eighteen months ago. Like Texas Oil and Gas (TOGS) which joined the Ofex market in London at about the same time, the placing reflected the fact that in the US there are a very large number of shallow oil and gas wells which become uneconomic when the oil price collapses but can relatively easily be made over and reworked when the oil price rises. It is not a question of exploring for, or finding the oil, as it is known to be there.

Although each well may only individually produce a small number of barrels oil or modest amounts of gas, given a sufficient number of wells, say hundreds, the operation can become very lucrative.

Sefton's main property at the time of the float was a 100 per cent working interest in the Tapia Company. Tapia is a heavy oil field in Southern California with estimated proven reserves of 3.7 million barrels with net reserves attributable to Sefton of 3.5 million.

The company is about to announce results for the first full year as an AIM company, so its executives are in purdah at the moment, but these results are likely to show a similar picture to that presented at the six months interim stage - a small operating profit but overall loss because of the capital start up costs of the operation which includes advanced techniques such as horizontal drilling and SAGD or Steam Assisted Gravity Drainage which can enhance the amount of oil recoverable.

For the six months to June 30 2001 revenues from Tapia increased 68.3 per cent to US $90,000 producing an operating profit of US$57,000. Overheads increased to US$330,000 in line with expectations reflecting additional establishment costs. The resulting loss of US$254,000 was broadly in line with expectations.

In the second half the oil price received would have dropped, of course, because of September 11, but this would have been offset, presumably, by more wells coming on stream.

But it is the current year and prospects that investors will be interested in. Last November TEG Oil and Gas, Sefton's wholly owned subsidiary acquired certain assets from Tiverton Petroleum. The acquisition consisted of Tiverton's working interests in leases on 13 properties. These working interests vary between 50 per cent and 0.09 per cent. There are 259 wells on the leases of which 231 are currently producing oil and 28 are producing gas. The proven reserves attributable to the assets being acquired by TEG are put at 81,000 barrels of oil and 170 million cubic feet of gas. This will add to Sefton's existing reserves 3.48 million barrels of oil.

The name of the game really is the number of wells the company can bring on stream. For example for the first six months of 2001 production increased more than seven times from 304 barrels in January to 2,160 barrels in June, something over 70 barrels of oil per day with each well producing a handful of barrels. Moreover lifting costs fell during this period to US$5.29 per barrel which is below the forecast of US$6.00.

With the oil price now well over US$20 a barrel and the start -up costs reducing, it does not take a genius to workout that barring accidents and unforeseen events Sefton should soon be in the money, even allowing for the money it paid to acquire new wells.
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01
Sefton Takes Opportunity To Exploit Heavy Oil Reserves
One of the last new issues of 2000, a year when new share offering began to perk up in the E & P sector after a long drought, Sefton Resources seems to have got away nicely on AIM. Like Fusion, Apple and Texas Oil & Gas, Sefton is a speculative stock whose placing reflects the fact that certain kinds of exploration and production which were barely possibly when the oil price was on the floor 18 months ago have become more than viable now that oil prices have risen so steeply.

At present the group's only property is a 100 per cent working interest in the Tapia Canyon field. This field belongs to the company's wholly owned subsidiary TEG Oil & Gas USA Inc. Tapia is a heavy oil field in Southern California with estimated proven reserves of 3.7m barrels with net reserves attributable to Sefton of 3.5m barrels.

The board is raising capital now because it believes it can exploit the field more quickly and it wants to identify and exploit other profitable development opportunities. The company raised approximately 1.35m net of expenses towards the end of 2000 by the issue of 31,000,000 new Common Shares. One warrant was issued for every two New Common Shares issued under the placing. The shares were offered at 5p and over the Christmas period traded at a premium.

Sefton wants to use the cash raised to use new and /or advanced techniques in drilling and oil recovery for its heavy oil. These are essentially horizontal drilling but particularly SAGD as used by the Canadian company Derek Resources. Horizontal drilling was initially developed as a means to solve the economic problems of developing thin reservoirs over a large acreage at shallow depths, where vertical access is constrained, to improve the reach of drilling from an offshore or in environmentally sensitive areas or to overcome inadequate or excessive permeability problems.

In addition to these applications horizontal drilling has the potential for use in heavy oil fields where due to the high viscosity of the oil, the full development of the field would otherwise require a relatively large number of wells to be drilled.

As for SAGD or Steam Assisted Gravity Drainage, until very recently heavy oil fields were produced either by primary production techniques, or through `huff 'n puff, ' where steam was injected into the oil reservoir over a period of weeks, heating the underground oil around the well so that, when steam injection stops, the oil can be pumped to the surface in greater quantities. These techniques improve the percentage of reserves recovered but still leave behind significant quantities of the original oil in place. Other techniques such as ' chemical flooding' and 'fire flood' have been tried with varying degrees of success.

SAGD involves injecting steam through horizontal wells and producing oil through others parallel to them on a continuous basis. The heat reduces the viscosity of the oil thereby significantly increasing production rates and the percentage of oil in place that is recoverable. The technique, particularly when used with other steam recovery processes can result in recovery rates of up to 80 per cent of the original oil in place in a heavy oil field such as Tapia Canyon.

Heavy oil is defined as crude oil of less than 20o API. This type of oil has a high viscosity and can be used as fuel for power stations. It can also be 'cracked' or distilled into fuel for aeroplanes and motor vehicles or a range of chemical substances. Oil produced at Tapia is moderately heavy about 18o API and asphaltic. As such it is used predominantly for road surfacing but the directors of Sefton feel it could have wider uses. At the moment it is sold to a single buyer, EOTT Energy Partners. The price is based on the applicable price for heavy oil standard known as Wilmington 17o (Central California). On average this means that Eott buys at roughly a discount of US$3.75 to Brent crude.

In the past there has been a recovery rate of just 14 per cent of the oil in place from the field This equates to 15 bopd, which could be raised to 150 bopd quickly with the new recovery techniques. The company reckons that over the next 24 months it could raise production to 800 bopd. Since it costs around $10/barrel to produce the oil then assuming a Brent price of US$24.07 a barrel Sefton would make US$ 11.05 a barrel.

On its own calculations of 3.5m barrels at these prices its reserves would be worth US$49.7million. The discounted present value on the basis that a) Sefton's 100 per cent working interest will give a 90 per cent net revenue interest in the field after deduction of an average royalty of 10 per cent by the mineral rights owners and b) after taking into account estimated operating expenses and anticipated capital expenses, would be US$ 23.7million So Sefton is onto a good thing so long as the oil price holds up at current levels.
This was when oil was $20 dollers per barrel

This article is a FEW YEARS OLD.
OIL PRICE IS RISING,,,,OIL IS IN SHORT SUPPLY IT WILL SOON BE $40 TO 50 DOLLERS PER BARREL. sefton stand to make huge amounts of money and nobody seems to realise this YET.






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Your nickname: SAGEM

Did you know that the company that Sefton is buying is in Eastern Kansas is a coalbed methane gas producer but the company is still a secret. Ask GOOGLE re coalbed methane gas and you will see its all happening in KANSAS AND SEFTON ARE ON TO ANOTHER GOOD IDEA AND PROFIT MAKING AS WELL.

Sagem

yes i just read it on another Sefton thread!

Just why we need two is beyond me!

Nice comment in the IC though.

Now having to pay 0.0050 I WAS BUYING LAST WEEK AT 0.0044p

Some information about SEFTON RESOURCES which I have researched and found what I consider a little GEM.......but please do your own research and see if you think the same way as I do.


Sefton own the Tapia Canyon oil field in California which contains 11 million barrels of Heavy Oil .Primary production has seen the extraction of more than 1 million barrels, also 4 million barrels can be lifted using the SAGD (steam assisted gravity drainage )a technology which Sefton own. When oil was only US21 dollers per barrel this was worth to Sefton a gross 16 million.Now that oil has more than doubled in price this must now be worth over 32 million.

This company must be worth a fortune and the shares are totally undervalued at 0.0045p a very large re-rating must be imenent.This is only part of the companies oil Fields, and when you add in all the other parts of the company with the oil price now more than US46 dollers per barrel and rising, could hit US100 dollers per barrel by Christmas. I would think the share price must be worth nearer to 5p plus . They were floated back in the year 2000 at 5p per share. This company is a little unknown gem waiting to be discovered. Do some research, things will change towards the end of August when their 6-months results are due to be announced---------------HOW CAN THEY BE ANYTHING ELSE BUT TREMENDOUS. Sefton also owns a canadian company and are in the process of buying another company in eastern Kansas involved in coalbed methane gas production, another money making company in the making for SEFTON - news of the new company will be announced end of August.
They did have some trouble about 3 years ago with a well blow out plus bush fires which closed three wells, but this is now all behind them and the stock market has failed so far to take all their better news into consideration, especially the oil price increase and oil shortage world wide, it want be long before a big correction in the share price will result.The share price was marked down due to their problems from 5p.......the problems now do not exist so why cant they go back up to 5p.
.

I agree - there has been a lot more action around this share over the last 10 days.

So.

Results out and losses widen!

What now?



Sefton Resources H1 net loss 423,432 usd vs 242,617 usd
AFX


LONDON (AFX)- Sefton Resources INC six months to June 30

Sales - 281,197 usd vs 326,449

Net loss - 423,432 usd vs 242,617 usd

Basic loss per share - 0.0005 pence vs 0.0007

ec/ak



Where is all the capital spoken about earlier?

Who sold out their 10 million shares this morning?

Not saying they don't have protential, but nothing doing this year.

Only goes to show how risky this type of stock can be.


In this case, for me this is and always has been one to avoid.

There are too many 'Jam Tomorrow' shares.

Should make for interesting reading...

http://www.seftonresources.com/assets/forest_city_basin.asp

http://www.moneyam.com/action/news/showArticle?id=557714

http://moneyam.uk-wire.com/cgi-bin/articles/200412150700264127G.html

Who's still in ???

Continued 'dottom draw' purchases being tucked away...

Possible re-rating coming sometime - anyone got any news???

If a they are re-rated what sort of price would you expect?

how can there be soo many buys in the last month and the price goes down???

Having exp. of the drilling industry, I understand somewhat the task at hand for these guys... A couple of years ago, they had problems with a blow out and 'bush fires' but are now restarting activities...

This time round, they are pumping enough oil to fund the cash outflow and they have told the market that they expect 200 BPD by year end...

Their website says 800 BPD is attainable... Aside from this, they have rights to other wells which makes them worth a small fortune now that drilling tech and oil prices have improved making extraction worthwhile...

Unlike many, they have the resources, just a case of extracting it...

As far as how far can it go... They came to the market around 6p...

All things being equal, once things are sorted and thay move onto extracting more resources, I see no real reason why it can't return near to or exceed that...

It's nice to see that I'm not the only one who has been tucking them away...

DYOR obviously...

Here is a another link to aid your research...

http://www.oilbarrel.com/datasheets/datasheet.html?sym=SER.ISE

I like the sound of Sefton, they seem to have good foundations and the share price does seem too low.

Obviously DYOR but I'm going to tuck a few of these away for the future.

Anyone else feel the same?

Sefton appears to have some good things going for it...

Tip-sheet or a re-rating could help this one...

Certainly worth tucking away I think...

DYOR...

dexter,
Do you hold ser?
wilbs

Hi wilbs,
No i don`t hold as yet, but i looked into them quite a bit last year. They look a good bet to keep an eye on, the thing that puts me off at the moment is the spread, when i first looked at them there was no volume to speak of, but in recent months there has been a fair amount of activity in comparison.

Where do you use to find new co`s. coming to AIM.
Dexter

dexter,
I have had a brief look and like you I was put off by the spread. Shares mag and investors chronicle quote new companies joining Aim, they get their info from Digital Look but I cat find anything on their website. London Stock Exchange is the best that I know of.



http://www.digitallook.com




http://www.londonstockexchange.com/en-gb/pricesnews/prices/newissues.htm

Hope its some help dexter
wilbs

I hold now. Not much in value but quite a bit in volume. 2005 looks like a big year for Sefton, i guess it could be make or break, but i'm happy to put these away for a few years.

Yet more speculators adding slowly to the pot...