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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sefton Res. | LSE:SER | London | Ordinary Share | VGG7996N1298 | COM SHS NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.015 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
Sefton Resources Inc (SER.LN), an independent oil and gas exploitation and production company with interests in California and Kansas, said Wednesday drilling of four new wells has begun at the Tapia Canyon oil field in California and further progress has been made in the development of its gas operations in Kansas.
MAIN FACTS:
-Drilling of four new wells began at Tapia Canyon on Nov. 16 and expected take five weeks to complete.
-Oil production in early 2012 is expected to rise by up to 75% to an estimated 240 barrels of oil per day, once the new wells are on stream.
-Vintage Production LLC, an Occidental Petroleum Corporation (OXY) subsidiary, appear to have successfully drilled two horizontal wells in the adjacent oil field to Sefton's in Tapia Canyon.
-Tapia Canyon has potential to become an up to 1,750 barrels of oil per day operation.
-North and West parts of the LAGGS gas pipeline system in Kansas now certified for operations with the adjacent Vanguard pipeline system expected to also be operationally certified shortly.
-Sefton now has in place a diversity of revenue generating operations and a strong platform for increasing levels of cash flow which will position it well to achieve sustained growth and pursue new opportunities.
-Shares at 0825 GMT unchanged at 3.05 pence valuing the company at GBP10.68 million.
-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com
1 Year Sefton Resources Chart |
1 Month Sefton Resources Chart |
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