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Max Petrol Share Chat (MXP)



Share Price: 1.12Bid: 1.05Ask: 1.19Change: 0.00 (0.00%)No Movement on Max Petrol
Spread: 0.14Spread as %: 13.33%Open: 1.06High: 1.12Low: 1.05Yesterday’s Close: 1.12


Share Discussion for Max Petrol (MXP)


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logical2010
Posts: 1,855
Off Topic
Opinion:No Opinion
Price:1.38
Robster
11 Aug '14
"If" I was you I wouldn't like to be out of this over the weekend.... £1 by Xmas :))
 
TheRobster
Posts: 3,086
Off Topic
Opinion:No Opinion
Price:1.38
Logical
11 Aug '14
Lot of "ifs" there matey ;-)
logical2010
Posts: 1,855
Off Topic
Opinion:Strong Buy
Price:1.38
Maverick
11 Aug '14
And it no doubt it will, once MXP have outlined the new strategy they are working on, if investors like what they see, and we get the farm in for Nur-1, increase the BOPD from Sagiz West, implement the cost cutting initiatives they mention and get the licence extension on our acreage beyond 2015 then we will be in a much better position. They will also need to outline a shallow drilling program for 2015/16 and get all the shut in wells flowing.
The better roxi do can only help us get investment for Nur-1 as we will know oil is in the area, and our deep well is 90% done.
Still not much consultation for long term holders but if max get it right 1.4p could be a great punt if they get a farm in for 497m barrels.
MaverickD
Posts: 5,512
Off Topic
Opinion:No Opinion
Price:1.38
RXP
11 Aug '14
That should be driving us too
TheRobster
Posts: 3,086
Off Topic
Opinion:No Opinion
Price:1.46
georgesaa
7 Aug '14
Unfortunately Max have historically been poor at letting investors know what's going on, other than broad-brush strategies. They never tell us anything! Hopefully this will change soon. It would be in their own best interest to let is know what the plan is to get the company back on track. It's all a bit vague at the moment.
georgesaa
Posts: 1,778
Off Topic
Opinion:No Opinion
Price:1.46
The Robster
7 Aug '14
If my auntioe has baalacks of course and NUR 1 hits.
georgesaa
Posts: 1,778
Off Topic
Opinion:No Opinion
Price:1.46
The Robster
7 Aug '14
I think there will be a gradual build up, firstly publish a development plan for the shallows, let investors know what they are doing proactively for the rest of 2014 before the cold weather sets in, sort out Sberbank and let the market know they are happy to continue their support or advise which ever funder is prepared to replace them and at what terms ? then medium term for new drills (nur 1 ? )....................................................................
This is extremely positive, from being a pure debt repayment vehicle it now has a future, ok with double the shares but everyone needs to profit from this deal, existing/surving board/new investors and us PI's.5p within next 24 months.
TheRobster
Posts: 3,086
Off Topic
Opinion:No Opinion
Price:1.42
MaverickD
7 Aug '14
Re production rates - if you look at the RNS stating why AGR Energy are investing in Max then it's clear why they need the money. Average production rates actually seemed to have dropped...we were told that Max should be aiming for 5000-6000bpd by now by it's more like 3500. It'll take another $10-20 million to develop the recent finds and they just don't have this money. So a lack of available funds plus needing a lot more money to develop existing finds plus having to pay back Sberbank would I think have sunk the company if more cash wasn't forthcoming. So whilst a x2 dilution of existing shares isn't exactly great news, the fact it keeps the company going is obviously welcome.

Also NUR1...yes I hope there is renewed interest in this as well. It's hard to imagine why AGR Energy would invest in Max without been interested in restarting NUR1 also.

Time will tell I guess. I think we need to wait another 12-18 months for anything really interesting to happen though...
georgesaa
Posts: 1,778
Off Topic
Opinion:No Opinion
Price:1.42
NUR 1
7 Aug '14
What do we want Nur 1, 2 & 3, when do we want it Nur 1,2, & 3
£37 million reasons to go in balls deep!
MaverickD
Posts: 5,512
Off Topic
Opinion:No Opinion
Price:1.48
Nur 1
7 Aug '14
I think the data and the positive wells we have drilled coupled with the acreage there is a confidence esp after the success RXP have had along with the fact that the super giant Tengiz is local it would be silly not to drill the 2 deeps we have. Production should also be ramped up, so all in all I hope for better days ahead!



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