SER.L Share News (SER)

Sefton Resources Suspended On AIM Pending Statement

Sefton Resources boss Jim Ellerton steps down

Sefton Resources said co-founder Jim Ellerton had agreed to "unconditionally" step down from the board and as Chief Executive Officer. His departure come just over a week after the oil and gas exploration and production company said he would temporarily step down while it conducted an investigatio

Sefton Resources unveils 'significant' improvement in production

Sefton Resources, an independent oil and gas exploitation, transmission and production company, has announced that there has been a "significant" improvement in its production levels since the beginning of the year. In California, oil production figures reported to the Division of Oil, Gas & Geoth

Sefton Resources posts drop in annual profit

Sefton Resources reported a 3.4 per cent drop in annual profit as the oil and gas company incurred higher costs. Gross profit for the year to December 31st, after deducting the costs of sales from revenue, came to $2.8m compared to $2.9m the previous year. Cost of sales rose to $1.5m from $1.2m,

Month-on-month oil production up 25 per cent at Sefton Resources

AIM-listed independent oil and gas exploitation and production company Sefton Resources has reported that oil production figures for California were up a quarter on the previous month. In an operational update issued on Wednesday, the group reported that oil production figures for California report

Sefton Resources unveils rise in oil output at Kansas project

Shares in Sefton Resources climbed Tuesday after the oil and gas company announced an increase in production at Leavenworth Country, Kansas. The group said a competent persons report was carried out to assess the future cash from oil and gas proved reserves and unproved resources at the prospect.

Sefton Resources' subsidiary generating oil at Kansas wells

Monthly production of oil in a north east Kansas well operated by Sefton Resources' subsidiary TEG MidContinent is averaging 300 barrels, an operational update issued by the company on Friday has disclosed. The AIM-listed company unveiled an operations report of oil and gas exploration and producti

FTSE 250 movers: Bovis Homes Group jumps on Liberium view

Bovis Homes Group was the sixth biggest gainer on the FTSE 250 on Tuesday after Liberum Capital moved its target price from 465p to 661p while leaving its hold recomendation unchanged. The stock's share price rose 2.94% to 631p. The fifth biggest gainer was Spirax-Sarco Engineering, which published

Sefton Resources looks ahead with confidence

Sefton Resources, an independent oil and gas exploitation and production company with interests in California and Kansas, has said it looks forward to 2013 with confidence, as its operations continue to progress as planned. In California, preliminary oil production totalled 4,353 barrels of oil, c

Friday broker round-up UPDATE

Anglo American: UBS reduces target price from 2150p to 1860p and downgrades to neutral. JP Morgan reiterates underweight. BG Group: Barclays reduces target price from 1490p to 1450p, while reiterating an overweight rating. BP: Barclays cuts target price from 500p to 480p and keeps an underweight r

Sefton sees continuing increase in daily oil production

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

Friday broker round-up

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

Resources round-up: Sefton, W Resources, Bullabulling

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

Daily production at Sefton drops

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

Sefton kick starts Kansas production

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