Register
Login:
Share:
Email Facebook Twitter




MXP Share Chat - RSS Feed

Max Petrol Share Chat (MXP)



Share Price: 0.16Bid: 0.15Ask: 0.17Change: 0.00 (0.00%)No Movement on Max Petrol
Spread: 0.02Spread as %: 13.33%Open: 0.16High: 0.00Low: 0.00Yesterday’s Close: 0.16



Share Discussion for Max Petrol (MXP)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


ivorsoreass
Posts: 161
Off Topic
Opinion:No Opinion
Price:0.16
Hotshot
13 Jul '15
Admin is 99.9% off the table now i should think, now what share price do we get on retrading
 
HotShot69
Posts: 571
Off Topic
Opinion:No Opinion
Price:0.16
Well, Well, Well...
13 Jul '15
What have we here.. an investment by AGR. Could this be the saviour for MAX? Maybe things are looking up... we shall see, but it could now survive!! GLA :)
Fader
Posts: 531
Off Topic
Opinion:No Opinion
Price:0.16
so does this mean?
13 Jul '15
we're out of suspension soon?
DARKBLUE
Posts: 354
Off Topic
Opinion:No Opinion
Price:0.16
RNS
13 Jul '15
AGR Energy Investment in Max Petroleum
Mon, 13th Jul 2015 08:14
RNS Number : 8406S
Max Petroleum PLC
13 July 2015

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

13 July 2015

Max Petroleum Plc

("Max Petroleum" or the "Company")

AGR Energy to invest US$13.8 million in Max Petroleum

Summary

· Max Petroleum announces a conditional cash subscription by AGR Energy to raise US$13.8 million (£8.98 million) before expenses for 3,834,590,973 new Ordinary Shares at a price of 0.2341 pence per share such that AGR Energy will hold 63.8% of the Enlarged Issued Share Capital immediately following completion of the Subscription.

· As part of the Subscription, AGR Energy will provide an unsecured convertible loan of US$2.0 million (£1.3 million) comprising: (i) a first tranche of US$250,000 (£162,623); and (ii) a second tranche of US$1.75 million (£1.1 million). The loan is conditional upon, inter alia:

o the appointments of: (i) Mr. Kanat Assaubayev to the Company's Board as an executive director (Co-Chairman); (ii) Mr. Aidar Assaubayev as a chief executive officer of the Company (but not a member of the Company's Board) and as the general director of Samek; and (iii) Mr. Alastair Murray as a deputy general director of Samek.

· The Subscription will provide working capital to the Company to alleviate its severe immediate financial stress. Further significant financing will be required in the mid and longer term to reestablish going concern status and viability of the business. AGR Energy intends to work with the existing shareholders of the Company progressively to strengthen Max Petroleum's financial position and evaluate exploration and production upside.

· The Subscription Price represents a premium of 46.3% to the closing middle market price of an Ordinary Share of 0.16 pence on 27 February 2015, the date immediately prior to the suspension of the Company's Ordinary Shares from trading on AIM.

· AGR Energy is a vehicle owned by the Assaubayev family established for the purpose of the Subscription. Neither AGR Energy, nor any member of the Assaubayev family nor any of their respective associates ("AGR Energy Group") currently holds any Ordinary Shares or any other securities in Max Petroleum.

· The Subscription is conditional, inter alia, upon each of the following conditions being satisfied on or before the Long Stop Date, being 1 October 2015:

o the posting of the Shareholder Circular to Shareholders by no later than 21 August 2015;

o the Panel having waived the obligation that would otherwise arise under Rule 9 of the Takeover Code for AGR Ene
logical2010
Posts: 1,958
Off Topic
Opinion:No Opinion
Price:0.16
Sept
12 Jul '15
Seems about right to me too.

Yeah dont let him sway you, we know the score here its either lose the lot or make a tidy sum - we know the risks

He of course has a vested interest in venting bile as he is bitter at losing his pocket money here, not hard to see, but dont let him sway you with his pearls of wisdom from on board his private jet with Dan Bliz - PS do we think Dan Bliz visits lse message boards? Prob not - so take him with a pinch of salt - beware of false profits/prophets
ivorsoreass
Posts: 161
Off Topic
Opinion:No Opinion
Price:0.16
Coggy
11 Jul '15
Same here mate, just dont wanna jinx it
Coggy
Posts: 8,230
Off Topic
Opinion:No Opinion
Price:0.16
ivor
11 Jul '15
I'm still glass half full regarding making a bob or two out of this venture, regardless of what Apfeldunker has to say.
ivorsoreass
Posts: 161
Off Topic
Opinion:No Opinion
Price:0.16
RNS
11 Jul '15
i think coggy is right, news will be september cant see us getting another rns this month and with august being holiday season september at the earliest seems to be accurate.
logical2010
Posts: 1,958
Off Topic
Opinion:No Opinion
Price:0.16
Oil
11 Jul '15
Apologises - i forgot to add the caveat that by "a fortune" i didnt mention it was of course chicken feed to The WOWS. My mistake.

Yes i suspect almost all have lost quite a bit here, dont think anyone is even disputing this.

By there is only you giving it the Big One about being Dan Blizarians heir.

PS
1. No one cares
2. No one beleives you
3. Makes you look rather silly.

Rich succuessful people do not need to TELL the world how brilliant they are... There is a clue in there for ya!
Coggy
Posts: 8,230
Off Topic
Opinion:No Opinion
Price:0.16
Spelunker
10 Jul '15
Pipe down and never, EVER post near or when Coronation Street is on. Rules of engagement and all that!

Capiche?





Sign up for Live Prices


Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.