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

Lots and Lots of buys in SER, looking ready to pop? I thought that was good news the other day, still hoping for 5p+

Sefton Expects Improved Flow Rates at Tapia, Charges Ahead in Ks.
Sefton Resources Inc.
|




Sefton updated on trading for its oil production assets in California and gas infrastructure assets in Kansas.
California

Sefton's 100% owned subsidiary TEG Oil & Gas USA, Inc ("TEG USA") is the operator of its operations in California at Tapia and Eureka Canyon.

As was announced on March 1, 2011, TEG USA commenced its pilot steam flood operations at the Hartje #10 well in March and is currently injecting steam at about 35% capacity which will be increased to approximately 75% to 80% capacity (normal operating levels) over the coming weeks. At that point, approximately 700 to 780 bbl of steam will be injected per day into the center of the oilfield.

TEG USA averaged approximately 123 bbl per day during March, which is regarded as the baseline primary oil production level and it is anticipated with the injection of steam into the Hartje #10 well this will rise as it did for the pilot cyclic steam program last year.

Local California oil is currently posting at a 4% premium to NYMEX futures, rather than the more typical 7%-9% deficit. This spread has averaged a positive $4.20, for a posting of just over $107/bbl average for the month of March.

The preparatory work for the steam flood sensitivity geologic modeling will be completed in early April ready for Dr. Farouk Ali to commence his steam flood modeling work, which will last several weeks and is expected to be completed in May 2011.
Kansas

Sefton's Assets in Kansas are in Leavenworth County, including the Vanguard pipeline and the recently acquired LAGGS pipeline, and Anderson County, being the Waverly facility. Additional assets along the LAGGS pipeline are currently undergoing due diligence and are expected to close by 30 April 2011.
Leavenworth County

Repairs to all of the 8" and the bulk of the 6" and 4" segments of the Vanguard Pipeline system have been completed and tested. Strategically, the 8" portion of the system is the most critical segment of the system and this segment will see the first volumes in 2011 with initial revenue from the Company's 100% owned subsidiary, TEG Midcontinent Inc and a third party expected to accelerate during the coming year

Testing and activation of the LAGGS pipeline have begun. Three areas for repair have been identified. The repairs will be made in the order of their operational importance.

It is anticipated that later in 2011 the two systems, Vanguard and LAGGS, will be connected together and, as a result, it will be possible to move gas to market at two separate points and to two separate markets. This will give Sefton the possibility of moving gas to the higher return market from month to month.
Anderson County

The Waverly facility consists of over 10 miles of pipeline, fifteen well bores, two salt water disposal wells and a dehydration facility capable of processing 10 million cubic feet of gas per day. The Waverly facility has an inactive tap with Post Rock (an interstate pipeline company) at the dehydration facility. Reactivation of the tap is expected to take place in early 2012.

Jim Ellerton, Acting Chairman and CEO of Sefton Resources said, "The Company is progressing well - we expect improved flow rates at Tapia and the prospect of still further increases once we can implement the recommendations of Dr. Farouk Ali's report. At the same time, we have continued to make progress in Kansas and this will continue further in the coming months so that we can activate the assets as soon as is possible. We are cash generative, profitable and actively increasing our investor profile and believe this will position us well for the future."

http://www.rigzone.com/news/article.asp?a_id=105874

Starting to get a nose bleed. At last SER making significant headway.
2517

wonder what martinl2 makes of that?.,.

Up 200% so far today.
2517

remember when these were 10p?

I bought not long after they fell from 10p, I paid 8p for my first batch at the end of July 2006, added several times since and now it's pay back time.
Looks like a 'gibby' keeerrrrccchhhhiiinnngggg moment.
2517

2517GEORGE

Well done George I got out at 1.85 months ago and made back my loss since, you should be looking to take some profit possibly tomorrow on an early spike it could dive when the punters start getting out.

Cheers driver, I was tempted to lock in some profit, I may take your advice tomorrow, thanks.
2517

Press seem to think this worth a whole lot more, might have a daytrade if it goes off like a train.

MARKET REPORT:

By TAMSIN BROWN

Last updated at 10:04 PM on 12th May 2011

AIM-listed Sefton Resources soared 4.25p or 227pc to 6.125p after an independent report put the value of its oil and gas resources in Kansas at an estimated 60m.

It also has oil reserves in California valued at about 49m.

At yesterdays close the company was only worth 17m.

Boss Jim Ellerton said: We are busy working our investor relations programme to get this message out.

Annual results are due on May 25.

Well done,..those who got in...take some profits because this is a spiky one....