Drilling of the wells will take about five weeks to complete and all the new wells are expected to be online in early 2012.
Oil production is expected to rise by up to 75% to an estimated 240 barrels of oil per day, once the new wells are on stream.
Sefton Resources executive chairman Jim Ellerton said the company has in place a diversity of revenue generating operations and a strong platform for increasing levels of cash flow which will position it extremely well to achieve sustained growth and to pursue new opportunities.
