Sefton Resources, Inc., a British Virgin Island corporation, is
in the business of oil and gas production through wholly owned subsidiaries TEG
Oil & Gas USA Inc. and TEG MidContinent Inc. Administrative offices are in
Denver, Colorado. The company trades only on the London Stock Exchange AIM
Market. The trading symbol is SER. The initial public offering occurred on
December 8, 2000.
The near term tactical objective is to:
“Build a strong stable platform of assets, generating sufficient cash flow
to operate and grow the business.”
Main core area of activity is the East Ventura Basin in California, in which
Sefton owns 100% of two oil fields; Tapia Canyon (heavy oil) and Eureka Canyon
(medium gravity oil), both of which have over twenty years of expected
production life. In addition, Sefton has over 30,000 acres in the Forest City
Basin of Eastern Kansas producing Coal Bed Methane gas, as well as having
conventional oil and gas deposits.
Residing in the USA and forming the management of the company is the Chairman of the Board, Jim Ellerton, a geologist with 30 years of experience with both large
and small companies, Harry Barnum, a geologist with over 20 years of experience
in oil and gas, and Karl Arleth, President and CEO of Sefton Resources, who joined Sefton with over 30 years of domestic and international oil and gas experience.