Sefton sees continuing increase in daily oil production

Shares in Sefton Resources got a boost on Wednesday morning after the independent oil and gas exploitation and production company revealed that the preliminary oil production data for California in November indicated an average of 119 barrel of oil per day (bopd) produced compared to 115 bopd for the previous month.

Shares in Sefton Resources got a boost on Wednesday morning after the independent oil and gas exploitation and production company revealed that the preliminary oil production data for California in November indicated an average of 119 barrel of oil per day (bopd) produced compared to 115 bopd for the previous month.

The firm said the final number will become available once its oil purchaser provides it, and added that with basic sediment and water removed there is typically a reduction of around 4.0% per cent.

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