Sefton - A tiny and very undervalued oil company

Presumably that is banking on a full year's production at those levels. As we had a loss of $1M at end H1, the 6 months profit at $114K per month will offset the loss by $684K, giving a full year loss of $316K.

When Huff'n'Puff starts to be used to increase production, following by SAGD, extra wells to be drilled in Tapia Canyon, more workovers at Eureka and all the other 'interesting ideas' JDM mentioned, 2006 starts to look very promising indeed.

As JDM said, if we can gather resources together, this overhang is giving us a golden opportunity to get in at a very undervalued share price.

IMHO. DYOR. ATB.