Current Activities
Operations Update: May 6, 2008
Sefton Resources Inc., the AIM listed oil and gas production
company with assets in California and Kansas, announces that the electrical
hook-up at its three Snow 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 now running, including the four new wells drilled earlier this year. Each
of the four new wells is already producing oil and in the process of cleaning
up. The Yule #7 well that was recently steamed is also producing oil and much
sooner than expected. Production rates for the new wells and the Yule #7 well
will be reported 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
Nicola Marrin, Seymour Pierce Ltd., Tel: 020 7107 8000
Note: The information in this release has been compiled and
reviewed by Harry Barnum, a director of Sefton, who is a qualified person for
the purposes of the AIM Guidance Note for Mining, Oil and Gas Companies. Mr.
Barnum has Bachelors and Masters Degrees in Geology and over 20 years of experience
in the oil and gas industry. He is a registered professional geologist in the
State of California.
Sefton Resources is an AIM listed oil and gas production company. Its main
core area 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
(medium gravity 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
Eastern Kansas where Coal Bed Methane gas, as well as conventional oil and
gas deposits, are targets.