News

December 23, 2008

Sefton Resources Making Good Progress On Its US Development Campaign

US-focused Sefton Resources seems to have signed off the year on the right note after it pleased investors with a recent trading update showing field developments moving ahead at pace.

Despite seeing share values drop throughout much of the second half of the year, the company re-ignited some interest after revealing good progress at the Tapia well site in California and on its coal bed methane (CBM) project in Kansas.

The timing was good because things had gone a bit quiet for a while. The last real update from the AIM-quoted group was in early September, when Sefton announced its results for the first half of the year and outlined its forthcoming development...