SER.L Regulatory News (SER)

7 May 2008 07:01

Sefton Resources Inc07 May 2008 SEFTON RESOURCES OPERATIONS UPDATE Sefton Resources Inc., the AIM listed oil and gas production company with assetsin California and Kansas, announces that the electrical hook-up at its threeSnow wells has now been completed and the wells are now on production. All the wells on the Tapia leases that are capable of production are nowrunning, including the four new wells drilled earlier this year. Each of thefour new wells is already producing oil and in the process of cleaning up. TheYule #7 well that was recently steamed is also producing oil and much soonerthan expected. Production rates for the new wells and the Yule #7 well will bereported once these rates stabilize. Enquiries: Jeremy Delmar-Morgan, Chairman, Tel: 077 8900 4874 John James (Jim) Ellerton, CEO, Tel: 00 1 303 759 2700 David Millham, Investor Relations, Tel: 07850 949324 Jonathan Wright/Nicola Marrin, Seymour Pierce Ltd., Tel: 020 7107 8000 Notes: Sefton Resources is an AIM listed oil and gas production company. Its main corearea of activity is in the East Ventura Basin in California, where it owns 100%of two oil fields, Tapia Canyon (heavy gravity oil) and Eureka Canyon (mediumgravity oil), both of which have over twenty years of expected production life.In addition, Sefton has over 40,000 acres in the Forest City Basin of EasternKansas where Coal Bed Methane gas, as well as conventional oil and gas deposits,are targets. This information is provided by RNS The company news service from the London Stock Exchange