Sefton - A tiny and very undervalued oil company

Well my guestimate based on volumes over the last 2-3 months is around 50-60M or so left.

LOL, I think this will be many multiples of it's current price long before 2008. A conservative fair value at the moment is about 0.85p based on 5xturnover. Pro-rata current production on a forward p/e of 10 gives a price of over 1.3p. That is if production was not expected to increase at all over the next year, and if oil prices are not expected to rise. Compared to the sector, we are undervalued by a factor of 2 or 3.
If you factor in probably production increases, and expected oil prices, then the figures can increase dramatically - you do the sums, I have!
I don't think a price of 2-3p by the end of 2006 is out of the question. That's an increase of 800-1200% on the current price - does that count as "fireworks"?
On top of that you have other things such as the CBM assets which could easily exceed the oil production in terms of revenue?