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Sefton Resources September production update for California


Published Oct 9, 2012
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Sefton Resources, Inc.

Sefton Resources, Inc., an independent oil and gas exploitation and production company with interests in California and Kansas provides a production update on its operations in California.

A preliminary oil production estimate has been compiled for oil production in the month of September, 2012 using operational data. This data indicates an estimate of 3,244 barrels of oil produced or approximately 108 barrels of oil per day (BOPD) albeit this operational data will need to be adjusted for any shrinkage to oil quality specifications and water content.

This compares to an average of 98 BOPD in August as reported to the California Division of Oil Gas and Geothermal Resources (DOGGR). Water disposal issues continue to be the limiting factor in the Company's production. Over the course of the next three months, the Group has planned a number of production enhancements including: workovers, additional drilling, cyclic steaming, water disposal restriction resolution and surface equipment optimization which are expected to have a positive impact on its daily average production rate once they are operative.

Tags: Sefton Resources




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