Register
Login:
Share:
Email Facebook Twitter

MXP Share Chat - RSS Feed

Max Petrol Share Chat (MXP)



Share Price: 1.265Bid: 1.24Ask: 1.29Change: -0.005 (-0.39%)Faller - Max Petrol
Spread: 0.05Spread as %: 4.03%Open: 1.25High: 1.265Low: 1.23Yesterday’s Close: 1.27



Share Discussion for Max Petrol (MXP)


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


mannnan
Posts: 19,698
Premium Chat Member
Observation
Opinion:Strong Buy
Price:1.35
.
1 Jul '14
Max Petroleum, an oil and gas company focused on Kazakhstan, said in June it commissioned a new oil pipeline, and associated Makat oil terminal facility, connecting its Zhana Makat field with the regional oil export pipeline approximately 10km away.

It is now possible to deliver oil directly from the Zhana Makat Central Processing Facility to the national Kazakh pipeline network enabling direct delivery of both domestic and export oil sales.

Oil produced at the Zhana Makat, Borkyldakty, Sagiz West and East Kyzylzhar I fields can now be transported to end users using this pipeline at a transport cost saving of approximately US$4.0/ barrel. Asanketken field production will continue to be transported to a terminal closer to that field.

The quantity of oil being delivered via the pipeline is now ramping up to a total of approximately 3,400 barrels of oil per day, being the total volume that is currently available to be transported via this route.

It is expected that there will be an annualised transport cost saving of approximately US$4.9 million once this ramp-up is complete. The volume of oil being transported via the pipeline is expected to increase further as production is increased from Sagiz West and East Kyzylzhar I once continuous Trial Production commences from these fields, expected in 2015.
 
mannnan
Posts: 19,698
Premium Chat Member
Observation
Opinion:Strong Buy
Price:1.33
mxp
1 Jul '14
i told you guys .turning corner
mannnan
Posts: 19,698
Premium Chat Member
Observation
Opinion:Strong Buy
Price:1.33
mxp
1 Jul '14
some buying pressure coming
Rothers
Posts: 574
Off Topic
Opinion:No Opinion
Price:1.18
Robster
1 Jul '14
Great to see that you are still here. I hope you are well and your other investments have performed better than MXP. Have you been drinking? Nice positive comment.

I still think that one day this little nugget could, probably accidentally, get things right and I might get somewhere close to my 15p average!

It was good news for the finances earlier, it would be nice to see some directors buying.
TheRobster
Posts: 3,028
Off Topic
Opinion:No Opinion
Price:1.18
RNS
1 Jul '14
Good news for the long-term finances of the company. :-)
mannnan
Posts: 19,698
Premium Chat Member
Observation
Opinion:No Opinion
Price:1.18
good news
1 Jul '14
Commissioning of Pipeline and Terminal Facility

1 July 2014

Max Petroleum Plc, an oil and gas company focused on Kazakhstan, announces that in June it commissioned a new oil pipeline, and associated Makat oil terminal facility, connecting its Zhana Makat field with the regional oil export pipeline approximately 10km away. It is now possible to deliver oil directly from the Zhana Makat Central Processing Facility to the national Kazakh pipeline network enabling direct delivery of both domestic and export oil sales. Oil produced at the Zhana Makat, Borkyldakty, Sagiz West and East Kyzylzhar I fields can now be transported to end users using this pipeline at a transport cost saving of approximately US$4.0/ barrel. Asanketken field production will continue to be transported to a terminal closer to that field.

The quantity of oil being delivered via the pipeline is now ramping up to a total of approximately 3,400 barrels of oil per day, being the total volume that is currently available to be transported via this route. It is expected that there will be an annualised transport cost saving of approximately US$4.9 million once this ramp-up is complete. The volume of oil being transported via the pipeline is expected to increase further as production is increased from Sagiz West and East Kyzylzhar I once continuous Trial Production commences from these fields, expected in 2015.
mannnan
Posts: 19,698
Premium Chat Member
Observation
Opinion:Strong Buy
Price:1.18
buy
1 Jul '14
will come
mike101
Posts: 2,639
Observation
Opinion:No Opinion
Price:1.18
MaverickD
1 Jul '14
Have to agree this is starting to look good at these levels it seems mxp have turned the corner gla...
MaverickD
Posts: 5,073
Off Topic
Opinion:No Opinion
Price:1.18
2.2p
1 Jul '14
That's the target to break, however does look like a double bottom has formed......time will tell but an excellent quantifiable RNS. Near $5 million yearly transport saving and no doubt will improve revenue as production is also climbing. Making the oil easier to transport to the export market is a significant milestone



Share Trading BrochureRequest your Free brochures on share dealing, spread betting and CFDs

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.