mitzy, I still hold a few of these, any particular reason behind your post.
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Georgenever fear Dr.Ali's report is due any dayit will move the market positivelyalso four new wells are due to be drilled which was the purpose for the last fundraising production will increase substantiallythen add in the gas pipelines that Sefton have acquired and you get luvvly jubbly $$$ Sefton's Kansas and Californian assets independently valued at 140m making the 9.5m market cap a trifle sillyI had it off in Mayand I will have it off in NovemberI am never wrong have a great weekend all!

Good luck to you George hope you make money.

Thanks tabasco, I sold some of mine in May for a reasonable profit but decided to hang on to the rest just in case.

Cheers mitzy, that's the general idea, hope you sold some of your BPC, I still hold a decent wad but took some profit on the way down. They appear to be building a base around 7.25p and like a good many similar type co's have taken a battering. I bought @ 4p, may buy more next week. Keep the faith.
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Mitzy apologies for being rudemy post as usual was tongue-in-cheekyou have in the past had reason for concern with this bod[the odd porky] however the valuation at the moment is a no-brainer and with levels just recently of under 2p againand with report news any day?I would think that 4plittle risk or 6-7p as a punt is not an unreasonable assumption
Good luck with your horses todayand you George!

Thanks tab its the last meeting at Newmarket today so Iwill need all the luck.

I am in New world oil which could be a multi bagger drilling in Belize...worth a look.

Report delayed for a few weeks.
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http://www.investegate.co.uk/Article.aspx?id=201112210700103422U

Yesterday it was GOO today it looks like SER's turn.
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More news due? Perhaps targets are being attained. Whatever it is it's looking good.
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News was right, 40% increase in valuation disappoints the market and sp loses most of it's gains of the day, atm.
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same old story mm's taking PI's for a ride.

I just think PI's were buying in anticipation of the increase in value and the sp got ahead of itself.
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I added again to my holding this morning @ 1.84p, it showed as a sell.
2517

http://www.dailymail.co.uk/money/investing/article-2144259/SMALL-CAPS-FOCUS-Sefton-Resources-plays-successful-long-game.html#ixzz1w62WwnR1

Sefton Resources has followed a very shrewd strategy of picking up assets right at the bottom of the market, betting there would be a rebound. It acquired the Tapia Canyon heavy oil field in south-west California in 1997 when crude was selling for less than $20 a barrel. Similarly, its portfolio in Kansas was bought against the backdrop of record low gas prices.In this sense Sefton operates like the majors by assessing the long-term potential of an opportunity rather than trying to make a quick buck.

It might explain why the group is profitable and cashflow generative, when other oil juniors just seem to burn through cash. The latest update reveals that approximately 20 wells at Tapia are producing 142 barrels of oil a day, which has risen to around 220 barrels in recent days. This year a further two wells at least are planned.

However, a major transformation could occur if the group decides to go ahead with plans to use a process called full field wide steam flooding.
Currently it is cyclical steaming individual wells where steam is injected into a producing well, which is then shut-in for a short time before being put on production again.

An initial report from Dr Farouq Ali, of Heavy Oil Recovery Technologies, suggests it could lift recoveries to between 51-78 per cent in a full field wide steam flood, with daily output potentially rising to 1,750 barrels a day.

The cost of the current programme, meanwhile, could be somewhere in the order of US$7million or more, funded by cashflow, debt etc, according to a report from Edison Investment Research. The full report is expected to be completed in the summer and will provide a 'road map' to fully develop the field at which time the economics and the required investment will be better understood.

We have several industry partners interested in looking to see how they can work with us to develop this asset,' said chairman Jim Ellerton. 'The size of the capital required is attracting some interesting potential partners.'

In Kansas it has 50,000 acres in the Forest City Basin prospective for coal bed methane and conventional oil and gas, more than 56 miles of gas pipeline, and a 10million cubic feet a day gas processing facility. The pipelines were picked up for approximately $300,000 - and already they look a shrewd investment. Initially at least they will be used to liberate the region’s stranded gas deposits thanks to its link into a national distribution network.

'Anyone who wants to sell gas in that area of Kansas has to come to us,' said Ellerton. 'Other people’s gas will be charged at around $1.25 per MCF. Although gas prices have come down, transmission prices haven’t.

'It also means our own gas won’t cost that much to bring to market.'

The last update from Sefton revealed its team on the ground in Kansas had identified 40 to 50 well-bores for recompletion, once the company’s pipelines are fully connected to the interstate system. The company has borrowings of $6million on very good terms, but is looking to swap this for a debt package with 'a little more flexibility' that might allow it to make opportunistic acquisitions. There is also the potential for joint venture financing, and farm-ins.

The independent 'competent person's report', prepared by Dr NafiOnat, of Denver-based Sure Engineering, suggests Sefton’s Kansas acreage is prospective for 1.97million barrels of oil, and just under 56 BCF of gas.

The hydrocarbons, combined with the Vanguard and LAGGS pipelines, are worth $140million, discounted at 10 per cent, according to the CPR.

Meanwhile, the proved reserves of Tapia and Eurka Canyon, its other California asset, are valued at $138million. So clearly there is a disconnect between the current 2.7p share price, which values Sefton at less than £10million.

The City research firm Edison Investment Research has come up with what it calls a 'risked exploration net asset valuation' of almost 12p a share, implying a market capitalisation of £47million.

Meanwhile, independent research house Hardman & Co has placed a 15p target price on the stock. And its analyst Stephen Thomas has acknowledged that the impact of bringing the company’s Kansas acreage into production could more than double the net asset value per share to 32.9p.

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/