Sefton sees continuing increase in daily oil production
5th Dec 2012 08:49
Shares in Sefton Resources got a boost on Wednesday morning after the independent oil and gas exploitation and production company revealed that the preliminary oil production data for California in November indicated an average of 119 barrel of oil per day (bopd) produced compared to 115 bopd for th
Read moreFriday broker round-up
9th Nov 2012 09:50
Balfour Beatty: Credit Suisse downgrades to neutral, target cut from 361p to 275p; Citi downgrades to neutral, target cut from 372p to 270p. Big Yellow: Citi downgrades to neutral, target lifted from 330p to 360p. Dairy Crest: JPMorgan Cazenove initiates coverage with overweight rating and 404p ta
Read moreResources round-up: Sefton, W Resources, Bullabulling
31st Oct 2012 15:32
Sefton Resources, the independent oil and gas exploitation and production company with interests in California and Kansas, said the Southern Star-LAGGS pipeline is now complete. Transmission revenue will commence once sufficient equity gas and third party gas production has been accumulated to provi
Read moreDaily production at Sefton drops
8th Oct 2012 08:15
Independent oil and gas exploitation and production company Sefton has said the preliminary oil production estimate compiled for September of this year on its California operations has indicated 3,244 barrels oil, equal to about 108 barrels per day, significantly lower than the average 170 barrels r
Read moreSefton kick starts Kansas production
25th Sep 2012 08:01
Oil and gas firm Sefton Resources said it was kick-starting the company's oil production in Kansas with the purchase of a lease covering 14 wells. The firm has taken a 100% working interest in the lease, which includes the wells, along with surface equipment and water disposal facilities. The dea
Read moreWednesday broker round-up
12th Sep 2012 08:54
African Minerals: Jefferies keeps buy rating and 550p target. Ashmore: UBS raises target from 370p to 390p, buy rating kept. ASOS: Panmure Gordon lifts tagged from 2,179p to 2,378p, buy rating kept. Barratt Developments: Panmure Gordon keeps buy rating and 190p target; Jefferies keeps buy rating
Read moreResource round-up: International Ferro, Magnolia, Sefton
11th Sep 2012 09:13
International Ferro Metals, the AIM-listed miner of ferrochrome (an essential ingredient in stainless steel), rose strongly on Tuesday after saying that the ramp-up of its Sky Chrome project to a record 73,000 tonnes per month was achieved last month. The plant provides low-cost chrome ore for the s
Read moreSefton bags equity financing deal for US fields
26th Jun 2012 10:26
Sefton Resources, the oil and gas company with interests in California and Kansas, is up sharply on news of a new equity financing deal. The £15m deal has been agreed with Darwin Strategic, a subsidiary of Henderson Global Investors. Sefton reckons its US fields are worth £173m but it needs invest
Read moreResources round-up: Vialogy, Sefton, Berkeley Mineral ...
2nd May 2012 11:59
ViaLogy, a service provider to global oil and gas exploration and production companies, hit a 52-week high after it announced an unnamed major oil and gas company had deployed the AIM-listed tiddler's patented QuantumRD processing technology. Not only is the identity of the customer secret, so is th
Read moreWednesday broker round-up - UPDATE
2nd May 2012 08:37
BP: Jefferies cuts target from 550p to 525p, buy rating kept. British Sky Broadcasting: Jefferies reiterates hold rating and 700p target; Nomura maintains buy rating and 1,000p target. CSR: UBS upgrades from neutral to buy, target lifted from 290p to 310p. Halma: Barclays Capital downgrades from
Read moreSefton Resources thwarted by oak trees
21st Dec 2011 07:44
Sefton Resources, the US-focused oil company, has seen the drilling of one of its wells in California delayed by a bureaucratic impasse. Sefton needs "permit clearance" from the Los Angeles authorities to dig its Hartje 20 well but officials have raised concerns over the "proximity of the well to n
Read moreSefton connects to interstate gas pipeline
23rd Nov 2011 11:07
Sefton Resources, the US focused oil and gas company, says production will be reduced at its Tapia Canyon site in California as it drills four new wells. The drilling operation at Tapia started on the 16th of November and is expected to take six weeks. The company hopes the new wells will see a 75
Read moreSefton boosts oil production
8th Sep 2011 14:45
California and Kansas-based oil and gas firm Sefton Resources has announced a rise in production during the month of August. Production rose to 135 barrels per day (bpd), up from an average of 110 bpd for the fist half of the year, as a result of improved infrastructure at the Tapia Canyon oil fie
Read moreSefton results take a dive
2nd Sep 2011 07:20
California and Kansas-based oil and gas firm Sefton Resources reported a fall in profits from $335.8m to $74.4m for the first half of the calender year, blaming increased expenses and a 29% decrease in oil production. Revenue for the period rose by 4.3% from $1.93m to $2.02m, helped by a firmer oi
Read moreSmall caps round-up: Enegi Oil, Assura, Pressure Tech...
10th Feb 2011 13:18
Enegi Oil says the pressure results from the ongoing chemical soak at its PaP#1 Garden Hill South (GHS) well in Newfoundland are "positive". A second chemical soak is planned to improve connectivity even further. Chemicals and acid will be injected down the wellbore at a significantly higher pressu
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