11 May 2011 09:35
Sefton Resources, Inc.
("Sefton" or the "Company")
Results Date
11 May 2011
Sefton Resources (AIM: SER), the independent oil and gas exploitation and production company will announce Preliminary Results for the twelve month period to 31 December 2010 on Wednesday 25 May 2011.
For further information please visit www.seftonresources.com or contact:
John James Ellerton, Acting Chairman and CEO | Tel: 001 (303) 759 2700 |
Dr Michael Green, Investor Relations | Tel: 07855 734970 |
Nick Harriss/Derek Crowhurst, Religare Capital Markets (Nomad) | Tel: 0207 444 0800 |
Jon Levinson, Rivington Street Corporate Finance (Broker) | Tel: 0207 562 3357 |
Neil Badger, Dowgate Capital Stockbrokers (Broker) | Tel: 01293 517744 |
Alex Walters, Cadogan PR | Tel: 07771 713608 |
About Sefton Resources
Sefton Resources is an AIM-listed oil and gas exploration and production company. Its main area of activities are the East Ventura Basin of California, where it owns 100% of two oil fields, Tapia Canyon (heavy gravity oil) and Eureka Canyon (medium gravity oil), and East Kansas with over 45,000 acres in the Forest City Basin, where coal bed methane, as well as conventional oil and gas deposits are targets.
Currently Sefton Resources has a market capitalisation of £4.56 million. At year-end, the company had a Present Value of its proved reserves (PV10) of US$80.6 million (approximately £50.4 million). The estimated 2010 year-end proved reserves of 3.8 million barrels includes proved developed (PD) reserves of 1.6 million barrels and proved undeveloped (PUD) reserves of 2.2 million barrels. In addition, there are 2.3 billion cubic feet (BCF) of estimated possible gas reserves at year-end 2010 associated with the Company's eastern Kansas assets. All of Sefton's 2010 year-end estimated proved and possible reserves were independently estimated by Reed W. Ferrill & Associates.