I've been holding my Sefton shares since the good old days before consolidation raped the share price (15/1 followed by a dive in the SP that I could not figure out). I've watched them develop and grow their assets over the last couple of years and I have to say it's been very interesting watching them take their time and slowly build up a solid little business. The line of credit was agreed a while ago and they have secured some useful infrastructure that they should be able to turn a small profit from when they get it all up to code.

Ive seen the odd comment on here and other threads about mismanagement and missed opportunities and I have to say I dont think all that flak is entirely justified. Ok, Sefton could have kept us all a bit more informed and they may have missed a trick or two along the way but when you consider the relatively small size of Sefton and the limited resources they have I think its more a case of measured, sustainable growth than missed opportunities. Thats just my opinion...Im not having a dig at anyone on here. While writing this Ive also just realised that Sefton may of had to get approval from the creditors for any deals they wanted to do. If this was the case then some deals may not have made it through the approval process. If I owned Sefton I would not publicise these failed approvals. This may be the mismanagement and missed opportunities that have been mentioned just a theory.

Fingers crossed for a decent run here. I like these guys and Id like to see them build up a good SP again. I see their operation as a little bit like wringing a sponge or trying to get every last drop of wine of a bottle (or well) that the last guy lost interest in. I think the operation is commendable in that sense. There seems to be lots of potential in the land they are working and will be working. Hopefully the work they have been doing in the last couple of years will allow them to tap into that potential and pump some oil.

As always - just my opinion, dyor and all that jazz.

'You cant get on now.on-line'

Oh, I don'tknow, I did, for old times sake.

hi peter nice to see you are still active regards brian

RNS Number : 6079B

Sefton Resources Inc

22 February 2011

Sefton Resources, Inc.

("Sefton" or the "Company")

Appointment of Advisors

The Board of Sefton Resources, Inc. (AIM :SER), the oil and gas production company, is pleased to announce the appointment Rivington Street Corporate Finance and Dowgate Capital Stockbrokers as joint brokers, Dr Michael Green as Investor Relations advisor and Cadogan PR as Public Relations advisor with immediate effect. In addition, as part of the Company's strategy of extending our reach in the market, Seton Resources has also contracted Growth Equity & Company Research (GECR) to provide research coverage over the next twelve months. Religare Capital Markets will remain as broker until 16 May 2011 and continue to act as the Company's Nominated Adviser.

Commenting today, Jim Ellerton, Acting Chairman and CEO of Sefton Resources said:

"I'm delighted that Michael has joined our team and welcome his support and experience in promoting small companies - his input together with our existing advisors and now Rivington Street Corporate Finance and Dowgate Capital means that we are very well positioned to raise our profile in the City and widen our investor base. I would like to thank Religare Capital Markets for their brokerage services over recent years; and I am pleased that they will continue to act as Nomad. "

With unrest in Libya...oil prices rising amongst the uncertainty...and imo set to continue for a very long time...could we see oil hit record prices...the Middle East looks like a time bomb...this will be beneficial for SER...a small oil company situated in a safe haven making a profit...and with todays news...they intend to highlight this fact.
With a Market cap of 4m...there is sure to be interest...let us how good the new PR team is to capitalise on this?

Sefton Resources
SPECULATIVE BUY

24/02/2011 Robert Tyerman


Rising from the depths is US oil and gas play Sefton Resources (SER), which has upped reserves and boosted productivity of its heavy oil deposits. Based in Denver, Colorado and headed by entrepreneur Jim Ellerton, the AIM-quoted company is paying $200,000 (124,000) to expand its gas interests in the Forest City Basin of East Kansas, having increased its overall proven oil reserves 7.45 per cent last year to 3.8m barrels, with an estimated 2.3 billion cubic feet of gas.

Sefton, which turned $317,000 losses into $338,000 pre-tax profits in the first nine months of 2010 on revenues up 35% to $2.7m, suggests future net cash flows from its Tapia Canyon heavy gravity oil and Eureka Canyon medium gravity oil deposits in California could total nearly $81m over the lives of the projects. Ellerton stresses the cyclic steaming process initiated by the company has significantly improved the viscosity and hence the productivity of its heavy gravity oil.

In addition, Sefton is working with Southern star Pipeline to improve the delivery of its output at a strategic point in the pipeline network. The company could, suggests Ellerton, make money shipping other company's product.

Floated 11 years ago at 5p, Sefton shares were dogs for a long time, as progress seemed painfully slow and they hit 0.5p at one point over the past year. Now 2p, they should rally further if Ellerton maintains present momentum.


Follow Growth Company on Twitter

Tags: Aim market, Colorado, Jim Ellerton, Oil explorer, Penny shares

Sector: Oil & Gas Producers

Companies: Sefton Resources

Market cap: 4m

PE Forecast: n/a

Share price: 2p

http://www.growthcompany.co.uk/recommendations/1604783/sefton-resources.thtml

"they should rally further if Ellerton maintains present momentum"

QUICK...somebody buy Jim a case of red bull.

It's nice to see Sefton getting a reccomendation from somebody. I can't remember the last time I saw one.

rhino213

I used to hold shares here but sold some time ago. Not sure I agree with you about slow steady growth. My take on it is they have spent all their credit line but have nothing much to show for it. Yes, the have acquired various pipelines in Kansas but they are not generating any revenue. They started drilling for coalbed methane in Kansas about 3 years ago but seemed to give that up quickly when they didn't find any. But I think the majority of the cash went on Tapia, where unfortunately production has not grown at all in fact it is lower today with all that 'investment' than it was 4 years ago before they had the credit line.

Very good news....

Steamflooding of Tapia Field and Credit Facility
Share this article
TIDMSER

RNS Number : 0301C

Sefton Resources Inc

01 March 2011

Sefton Resources, Inc.

("Sefton" or the "Company")

Steamflood operations commence in Tapia Field

and credit facility extended

1 March 2011

The Directors of Sefton Resources (AIM: SER), the independent oil and gas exploitation and production company with assets in the East Ventura Basin of California and the Forest City Basin of Eastern Kansas are delighted to announce that continuous steamflood operations have commenced at its wholly-owned subsidiary, TEG Oil & Gas USA, Inc. (TEG USA) in the Tapia oilfield near Castaic, California on the Hartje Lease in the central portion of the oilfield. This continuous steam injection pilot is part of an ongoing steam study being conducted by Dr. Farouq Ali P.Eng. Honorary Professor of Oil and Gas Engineering at the University of Calgary prior to the implementation of the field-wide steamflood development of Tapia. At the same time the Directors are pleased to confirm that they have reaffirmed and extended their bank borrowing facility.

Steamflood Development Operations

Steam is being injected into the Hartje #10 well, which was formerly idle after it was converted to accept the steam injection process by the installation of a new slotted liner across the Yule oil reservoir at a depth of approximately 1,100ft. and which was achieved at a cost significantly lower than drilling a new injector. The Hartie #10 well is surrounded by six other producing wells which the Directors believe will also benefit from the heat and pressure caused by the local steam injection. Each well will be carefully monitored during the process and the data will be input into the steamflood simulation modelling developed by Dr. Farouq Ali. These refinements to the model, along with a newly developed geologic and reservoir model, will allow TEG USA to identify the most efficient methods and injection patterns for the steamflood on a full field basis. Additionally, TEG USA anticipates the benefit of increased oil production rates on the Hartje Lease and eastern portion of the adjacent Yule lease as a direct result of the steam injection.

Credit Facility Extended

The Directors of Sefton have agreed to extend their existing senior debt banking facility for a further year to January 2012. The facility consists of a reserve-based revolving credit facility for $10 million with a declining balance borrowing base of $6.8 million. In January 2011 the company made a decision to reduce its borrowing base debt level by $100,000 per month from company cash flow. As a result, the bank has agreed to put in place a reducing revolver facility which has lower servicing costs for 2011. The company will have a borrowing base redetermination in June/July 2011 which will evaluate the reserve and cash flow impact of the current continuous Tapia steam pilot and report by Dr. Farouq Ali. At that time, the company may opt to reinstate a standard credit facility with excess borrowing capacity. Loans made under this revolving credit agreement are secured by mortgages on substantially all of the company's oil and gas properties. The credit facility is available to provide funds for exploration, development and/or acquisition of oil and gas properties, to refinance existing indebtedness and for working capital and other general corporate purposes. The company was in compliance with all of its ratios and covenants as of year-end 2010.

Commenting today, Jim Ellerton, Acting Chairman and CEO of Sefton Resources said:

" We are very pleased to have started the steamflooding at the Hartje well and looking forward to seeing the data collected by Dr Ali which will give us a much better indication of what we will be able to extract from Tapia and the adjoining Yule lease. We have already proved that the steam process works very well in this area and have achieved very low lifting costs. This, coupled with the fact that we are profitable and have the continued support of our bank places us well for the future development of our other leases"

now beginning to look an atractive recovery after a few years in the doldrums

it appears it was also attacked by seria l ex holders after a couple of years of stagnation due to the global downturn and credit crunch. It has now attracted the attention of a few professional investors who have helped turn sentiment. over the last 6 months new managment have arrived and bought 6% via a placing with a new clear forward looking direction. news releases have improved from the old format . world experts in heavy oil have been hired, new advisers and with some positive news on the first revenues from its kansas assets this should return to pre credit cruch prices.

not a share to trade with the awful spread but with the green shoots of recovery peeping through and shaking off its dog tag this should be around 5/6p. should the full steamfood improve production as expected it will also increase recovarable reserves that will drive it well above 5/6p. at around 2p it is a good risk reward play over the next 18 months

What do you lot make of this?.....


Sefton Resources, Inc.
("Sefton" or the "Company")

Placing of New Shares

15 March 2011

Sefton Resources (AIM: SER), the independent oil and gas exploitation and production company is pleased to announce a share placing (the "Placing") of 52,562,500 new common stock of no par value each in the capital of the Company ("New Common Stock") at a price of 1.6 pence per share.

The gross proceeds of the Placing of 841,000 will be used to provide additional working capital for the company as well as providing funds for the work being undertaken by Dr. Farouq Ali for the proposed steamflood development of the Tapia field which the Directors believe could
significantly increase its output. The proceeds will also be used to develop the Company's gas pipelines and leasehold projects in Kansas.

The New Common Stock will represent approximately 20.6 per cent. of the Company's enlarged issued share capital immediately following the Placing.

Application has been made for the New Common Stock to be admitted to trading on AIM. It is expected that Admission will be effective and that dealings in the shares will commence on 18 March 2011.

The New Common Stock will rank pari passu with the existing Common Stock. Sefton will have 255,031,959 Common Stock in issue following the Placing.

id wait for the update rhino

they have a busy work programme Q2, increasing production, reducing debt and 3rd party revenue .

massive upside potential if they can deliver, given they now have the cash to procede they should gain momentom over the next few months

as i said a week or so ago at around the 2p level its a STRONG BUY

Not sure I see the 'massive upside'. Even (given this company's consistent history of not delivering) if they manage to get a gas pipeline business going, on the company's own figures this will at best keep the wolf from the door, but its not going to transform the company. If they manage to start the full steam-flood they've been talking about for 10 years this could potentially significantly increase the company's revenues, but this is an expensive process to put in place and therefore its almost certain there will be more shares issued (in addition to the doubling of issued shares since last Autumn) during the course of the 1 year + its going to take them to put it in place. It could triple production, but if there are 3 times the shares in issue will shareholders see any benefit?

RNS Number : 2725D

Sefton Resources Inc

21 March 2011

Sefton Resources, Inc.

("Sefton" or the "Company")

21 March 2011

UPDATE ON

PURCHASE OF CHOLLA ASSETS IN KANSAS.

Sefton Resources, Inc. (AIM: SER), the independent oil and gas exploitation and production company,is pleased to announce that following the announcement made on 10 February 2011 concerning its intention to purchase additional assets in Eastern Kansas it has now signed a binding conditional purchase and sale agreement (the "Agreement") with Cholla Production LLC ("Cholla").

The assets to be acquired from Cholla are in Leavenworth County Kansas and include acreage (leases), wellbores, equipment and technical data in close proximity to the Cholla Pipeline which was acquired by Sefton in December 2010.

Subject to final due diligence, which is currently taking place, the purchase price is US$200,000 USD, which will be satisfied from existing resources. It is expected that the conditional aspects of the Agreement will be finalised by mid April with completion taking place by the end of April 2011.

Commenting today, Jim Ellerton, Acting Chairman and CEO of Sefton Resources said:

"These assets are in proximity to the Cholla Pipeline which we acquired in December 2010. They complement our strategy to aggregate and transport gas in the region by giving us a our own potential gas production base as well as the volumes of third party gas expected to move through our pipeline system".

For further information please visit www.seftonresources.com or contact:



About Sefton

Sefton is an AIM-listed oil and gas exploration and production company. Its main areas of activity are the East Ventura Basin of California, where it owns 100% of two oil fields, Tapia Canyon (heavy gravity oil) and Eureka Canyon (medium gravity oil), and East Kansas with over 45,000 acres in the Forest City Basin, where coal bed methane, as well as conventional oil and gas deposits are targets.

Currently Sefton has a market capitalisation of GBP3.72 million. At year-end, the company had a Present Value of its proved reserves (PV10) of US$80.6 million (approximately GBP50.4 million). The estimated 2010 year-end proved reserves of 3.8 million barrels includes proved developed (PD) reserves of 1.6 million barrels and proved undeveloped (PUD) reserves of 2.2 million barrels. In addition, there are 2.3 billion cubic feet (BCF) of estimated possible gas reserves at year-end 2010 associated with the Company's East Kansas assets. All of Sefton's 2010 year-end estimated proved and possible reserves were independently estimated by Reed W. Ferrill & Associates.

This information is provided by RNS

The company news service from the London Stock Exchange

END

Should be an interesting morning coming up. 12.44 million bought in 3 transactions (@1.99p) all posted after 16:00 today.

RNS in my inbox at 16:52...You can find it on the end of this link...

Sefton RNS - NOTIFICATION OF MAJOR INTEREST IN SHARES

ok....maybe not then.

could somebody please explain how 12 million buys can have absolutely no effect on the share price.

All my transactions result in sp movement, when I buy sp goes down and when I sell sp goes up, weird.
2517

rhino,

Because they are not 'real' trades on the market, they are the placee companies (City Equity, Hoodless Brennan etc) putting the amount they have sold to their clients (retail investors) through the books.

It is tipped today as a triple in the making and the resident bore at ADVFN who has long attempted to do an extremely poor act at replicating himself as another Simon Cawkwell has all the information you could ever not want and is able to fill you in over there?

A big SP rise today...


31st March 2011



Analyst: Thomas Jones
Email: thomas.jones@gecr.co.uk
Tel: 0207 562 5422

Sefton Resources* - Californian Oil Producer with CBM and Pipeline Assets. Speculative Buy with 5p Target Price
Key Data

EPIC

SER

Share Price

1.75p

Spread

1.5p - 2p

Total no of Shares

280,031,959

Market Cap

GBP4.46 million

12 Month Range

0.5p - 2.375p

Net Debt

$6.7 million (estimated)

Market

AIM

Website

www.seftonresources.com

Sector

Oil & Gas

Contact


Jim Ellerton, Acting Chairman and CEO

Tel: +1 (303) 759 2700

Small in size but big on promise, Sefton Resources owns outright oil production assets in California which have proven reserves with a Present Value of GBP50 million, as well as gas and infrastructure assets in Kansas. The company has been listed on AIM for more than a decade and now is not only cash generative but profitable and looking to increase its profile. This year the board have three key objectives: to increase oil production in California, activate the Kansas gas assets and increase reserves. All these moves will allow further value to be added.

Production is set to increase from Sefton's primary producing asset in California at Tapia Canyon which currently produces 140 barrels of oil per day (bopd) thanks to the implementation of a cyclic steam pilot implemented in 2009 as an enhanced recovery technology. The company has now transitioned to the next phase of testing a continuous steam flood pilot, as a way of further increasing recoveries and production. This pilot project currently running at Tapia is providing vital data for the study by consultant Dr Farouq Ali and implementing these findings is expected to lead to increased production.

The Kansas gas assets are planned to be activated this year. These represent Sefton's more recent acquisitions where conventional gas, Coal Bed Methane (CBM) and gas infrastructure assets have been aggregated as a contrarian play in a low price natural gas environment. In acquiring such assets Sefton has gained a strangle hold over a substantial area in NE Kansas as these pipelines provide the root to market for gas reserve and wells that are currently shut in. Sefton plan to unite the LAGGS and Vanguard pipelines eventually to serve both its own production and that of others.

Reserves are expected to rise in 2011. At Tapia Canyon, this should be achieved through Dr Farouq Ali's study and the continuous steam pilot which are expected to demonstrate that oil recovery can be improved by heating the oilfield with steam. With a higher recovery, proven reserves will increase. Also activating the Kansas pipeline should allow some of the reserves in the possible and probable categories to become proven reserves.

At the year-end, the Present Value (PV10) of Sefton's proved oil reserves at the year-end was $80.6 million (GBP50 million). In February 2011, the board announced this PV10 along with the updated reserves estimate for Tapia and Eureka oil fields which revealed, total proven reserves at year-end 2010 stood at 3.8 mmbbl, comprised of 1.6 mmbbl proven developed reserves and 2.2 mmbbl proven undeveloped reserves. Whereas in Kansas estimated possible gas reserves stood at 2.3 Bcf (billion cubic feet of gas).

Sefton recognises the need to improve its profile and has thus embarked on an aggressive broker and Investor Relations programme since the beginning of the year. These initiatives are being undertaken in the belief that Sefton's assets are materially undervalued and that operational progress together with investor education will drive the share price to more appropriate levels. Recent placings have ensured that the company has the finance in place to fund its Tapia and Kansas activities through to the next stage of development.

Based on the company's California assets alone, GE&CR initiates coverage of Sefton Resources with a 5p target price and speculative buy recommendation.

full report....http://uk-analyst.com/shop/page-advice/action-advertorial.show/id-130011267