News and Press Releases
Operations Update
February 28, 2008
Drilling at Tapia
Sefton Resources Inc. the AIM listed oil and gas production company with
assets in California and Kansas, announces that its wholly own subsidiary TEG
Oil and Gas, Inc (TEG) has completed its drilling of three wells on the Snow
lease at Tapia. The rig has now moved to drill Lackie #A-4, which is at the east
end of the field.
A production rig is expected to arrive on the Snow lease within the next 10 days
and the company will report in about two weeks after its arrival on production
volumes. The initial logs appear to be similar to other logs in the Tapia field.
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: 020 7796 9999
Nicola Marrin, Seymour Pierce Ltd. Tel: 020 7107 8000
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.