Nice pressure building here for Dr Ali report due in june

Hardman report - initiate coverage with 15p valuation

http://www.seftonresources.com/news/inthenews/5-1-12-Hardman-Research-1.pdf

bobheston

June is now here give or take a few hours,i predict a lively month of progress on
the SP,my chat with the CEO a few days ago was very encouraging and he said
a few things that suprised me :-)

Stand by your beds !

RNS - June 1st

Sefton Resources, Inc. (AIM: SER), the independent oil and gas exploitation and production company with interests in California and Kansas is pleased to announce the appointment of Fox-Davies Capital Limited as nominated adviser to the Company with immediate effect.Fox-Davies is an established investment bank that specialises in supporting growth companies in the oil & gas and mining sectors in the UK and internationally and is a full-service LSE broker, an AIM NOMAD and a financial advisor. Fox-Davies was appointed as Sefton's joint broker on 1 May 2012.

Sefton Resources is a USA focused Oil & Gas producer that is entering an exciting period in its expansion, with a pending full field steam flood at its flagship Tapia oilfield in California and first revenues from its gas pipelines in Kansas. Elsewhere in California the company are also intending to move its 100% owned Eureka oil field up the value chain with some potentially lucrative joint venture agreements and expansion of existing operations.

At Tapia an uplift in production after the implementation of Dr Ali’s steam flood design (engineers have suggested 800 to 1800 bopd ), along with improved recovery rates of up to 70 % , and the current heavy oil premium above Nymex, will make Tapia a very profitable operation capable of not only underpinning the company,s nearterm future, but also provide a platform to move the group to its stated aim of becoming a solid midcap producer.

With so much near-term cash flow potential, 2012 is shaping up as a landmark year for Sefton.





Company Assets Overview #

In California, Sefton has 100% working interests in two fields in the Ventura Basin. The first of these is Tapia. This is a heavy oil (17-19°API) field extending over 262 acres and including four lease areas – Hartje, Lackie, Snow and Yule. The second field is Eureka Canyon – containing medium oil (28°API) and extending over an area of 1,510 acres.

In Kansas, Sefton’s assets include three gas-gathering pipelines – LAGGS, Vanguard and Waverly. The LAGGS and Vanguard pipelines extend over 20 and 26 miles, respectively in Leavenworth county and both have an 8-10 mmcfd capacity. They give Sefton the ability to capture gas over a 200 mile area. It is envisaged that the two pipelines will eventually be linked. The Waverly pipeline is located in Anderson county. It covers 22 miles and also has the capacity to move 10 mmcfd.
Sefton also has 100% working interests in over 45,000 acres in the Forest City Basin, which contains the Leavenworth and Anderson county pipelines and holds reserves of both conventional oil and gas and CBM gas.

Reserves #

The Group’s latest reported estimate for proven reserves in California, is 3.74 mmbbls. The report classifies 0.44 mmbbls (12%) as PDP, 1.22 mmbbls (33%) as PDNP and 2.08 mmbbls (55%) as PUD – giving an indication of upside. Sefton’s reserve report includes nothing for either probable or possible reserves. Suspension of the cyclic steam flood programme meant that reserves associated with it were, temporarily, classed as PDNP. With the resumption of the programme in early 2012, these will have been moved back into the PDP category.The latest estimate for OOIP in the Tapia Field is 11.6 mmbbls. The big question for Sefton,though, is that of recoverability given that Tapia holds heavy oil. The current 2.728 mmbbl EUR estimate recognises the benefit of improved production technology and the contribution from the various steam flood pilots and assumes that the current producing wells are augmented by the drilling of further producers.The recoverable reserve estimate assumes the use only of primary production, and would equate to the recovery of just 23.5% of OOIP. Production to 31 December 2011, of 1.84 mmbbls, represents 67% of the EUR figure.



Kansas Cpr #


ANDERSON COUNTY AREA

Anderson County Squirrel oil resources Prospective Oil : 1.97 MMBO : $105.98m * $68.79m **

Anderson County Warner Sand gas resources Prospective Gas :17.23 BCF : $31.89m * $18.73m **

Anderson & Franklin CountiesCBM gas resources Contingent Gas : 35.51BCF : $110.23m * $25.98m **

LEAVENWORTH COUNTY AREA

Leavenworth County CBM gas resources Contingent Gas : 2.51 BCF : $6.25m * $1.55m **

Leavenworth County CBM gas resources Possible Gas : 0.53 BCF : $1.93m * $1.02m **

PIPELINES

Anticipated pipeline revenue Gas : Net Vol > 10 MMcfd - $60.37m * $23.89m **


Total $316.7m * - $140.0m ** Revenue Key > > Cumulative Cash Flow * NPV 10 **


http://www.stockopedia.co.uk/content/sefton-resources-geared-for-growth-in-2012-66315/

Up on good volume as was the case on friday, sp currently @ 2.1p.
2517

Sefton Downfall The Sequel


http://tomwinnifrith.com/articles/3011/brand-new-video-sefton-downfall-the-sequel

AIM Suspension - Sefton Resources Inc

CEO "sacked" is this the end or just the beginning of the end?

As bent as a nine bob note

Sefton Resources (LON:SER) is to cut ties with former boss Jim Ellerton whilst the interim management assesses strategic alternatives for the company.

Ellerton stepped down from the firm in August during a legal dispute, which was later settled by the company, though he continued his association with the company via a consultancy arrangement.

The consultancy contract is due to expire at the end of December and Sefton today told its investors that the contract will not be renewed.

Sefton says this is part of cost cutting measures that are being implemented.

“The board has focused on the financial stability of the company and, as previously announced, is looking at strategic alternatives for the company,” Sefton said in a statement.

“The board has had discussions with several parties, including parties interested in financing or acquisition transactions.

“The process of assessing the value inherent in the company will continue.”

No firm proposal has yet been received by the company, it added.

In the meantime Sefton’s operations continue in California and Kansas and it says it has benefitted from having a dedicated, knowledgeable, experienced operating team in place.

What's the story here?

mrs Williams what is her , connection other than gambling money on a loser,
the more informed, maybe will say.

So David John Hopkins aka Brokerman Daniel aka Daniel Levi was a dangerous armed robber who served 16 years in prison in his former life. Well if he is truly a reformed character why should anyone be too bothered now?!

http://www.thetimes.co.uk/tto/business/markets/europe/article4508951.ece

you would need a gun to the head to invest in Sefton before brokermandavid was unmasked! Now trying to play the poor innocent victim I see. Pity the poor shafted shareholders of Sefton once again.