SER.L Regulatory News (SER)

15 Jun 2005 12:25

Sefton Resources Inc15 June 2005 Sefton Resources Inc. ("Sefton" or "the Company") Annual General Meeting At the Annual General Meeting of Sefton Resources, Inc. held in London today(Wednesday 15 June 2005) the Chairman and Chief Executive Officer, Jim Ellerton,said: "production from our assets at Tapia, Eureka and Canada is now at 20/30/30barrels of oil per day (BOPD) respectively. Since my statement, published in theReport and Accounts dated May 2005, Sefton has drilled three additional wells atTapia. The preliminary information, from logs of the wells, leads the Company tobelieve that it will meet its predictions, made in December 2004, thatproduction will reach 200 BOPD by the end of 2005. We are in the process of drilling an additional two wells at Tapia. After theresults of the first three wells, it was decided that only five wells would benecessary to define the field and meet projections. In late May, the Company announced the signing of a Purchase and Sale agreementwith Monument Resources to acquire its East Kansas leases, wells and associatedpipeline equipment. We are working towards a closing date scheduled on or before31 July 2005. These assets are 50 miles NE of Sefton's Anderson County leases.Both projects are primary coal bed methane with the East Kansas assets alreadyproducing a net income." All of the resolutions put to shareholders at the Annual General Meeting wereduly passed. Enquiries: Jeremy Delmar-Morgan, Director Tel: 020 8748 4066David Millham, Investor Relations Tel: 020 7796 9999 This information is provided by RNS The company news service from the London Stock Exchange