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Max Petrol Share Chat (MXP)



Share Price: 1.195Bid: 1.15Ask: 1.24Change: 0.015 (+1.27%)Riser - Max Petrol
Spread: 0.09Spread as %: 7.83%Open: 1.15High: 1.195Low: 1.15Yesterday’s Close: 1.18


Share Discussion for Max Petrol (MXP)


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TheRobster
Posts: 3,054
Off Topic
Opinion:No Opinion
Price:1.37
NUR1
23 Jul '14
Also I doubt Nur1 is a lure. It's too late now. Any sale will take months to finalise, the deadline for the drill will have passed by the time any buyer can re-enter the well, unless another license extension can be gained.
 
TheRobster
Posts: 3,054
Off Topic
Opinion:No Opinion
Price:1.37
Mav
23 Jul '14
I doubt the news will make any immediate difference to the share price, might even make it go down a little as the sale could indicate the bank want their money bs k sharpish. Might force a sale for a low price. Tbh I'll be surprised if someone is willing to pay more than 2p a share. We might get 3p if we're lucky.
MaverickD
Posts: 5,322
Off Topic
Opinion:No Opinion
Price:1.37
100%
23 Jul '14
Increase in sp would be a good start. NUR-1 is a nice carrot and depending on who we are taking about then they can mobilise a drill pretty sharpish......Tengiz is a super giant and our location and geology makes this a valuable asset.

Kazmunigas was rumoured to want Max a few years ago, Chevron in the area and hey even Bowleven have cash now.....to be honest doubt we will have a shortage of takers.

GLA holders......we deserve it.
mpg1
Posts: 801
Off Topic
Opinion:No Opinion
Price:1.37
this bit is a concern
22 Jul '14
The Company also advises that negotiations with Sberbank remain ongoing to reset the technical production and reserves covenants under the Sberbank US$90 million credit facility (as announced with the Company's interim results on 30 December 2013) to reflect the current profile of reserves and production. The Company continues to meet its payment obligations under the facility.
mpg1
Posts: 801
Off Topic
Opinion:Strong Sell
Price:1.37
View Thread (2)
am I reading this right?
22 Jul '14
Re-reading the RNs

Reserves 299.6 (millions)
-impairment of 64.6
=235
- non-cash impairment charge of 113
=122
Then there's the debt of $90 or more with interest (this may be the non cash charge)

Maybe dB could help out?..….. Hope you didn't buy back in!
BigSi
Posts: 556
Off Topic
Opinion:No Opinion
Price:1.37
Sub 3p open
22 Jul '14
You'll get it lol-
Sub 2... Yep

Sub 1- who knows

This is not a good rns- smacks of desperation, the house is coming apart.

Still- it's AIM so who knows-
Plenty of dumb money around-
Just read below ;)
BigSi
Posts: 556
Off Topic
Opinion:No Opinion
Price:1.37
Sale
22 Jul '14
IF (big if) Max manage a sale I think posters are missing the point- u don't buy an oil company for what it's total potential worth-

Even if just looking to increase reserves, which most company's no longer have as priority
U might as well stick ur capital in Bradford & Bingly for 2% and do jack ££&@
Hondo
Posts: 53
Off Topic
Opinion:No Opinion
Price:1.37
Sale
22 Jul '14
Don't be surprised if an offer is made by Roxi with its newly valued shares.
mpg1
Posts: 801
Off Topic
Opinion:No Opinion
Price:1.37
from iii
22 Jul '14
total value of the oil and gas and capitalised exploration assets of the Company, = $299,600,000

Impairments
minus capitalised exploration costs allocated to its post-salt assets = $64,600,000
minus a possible additional non-cash impairment charge of up to = $113,000,000

leaves $122,000,000 or £71,764,706
with 2,180,000,000 shares that gives a price of 3.292 pence per share
Im not sure if the debt is included in the imparment charge. if not take another $90m off the price tag
mpg1
Posts: 801
Off Topic
Opinion:Strong Sell
Price:1.37
i would advise against topping up
22 Jul '14
this RNS is not positive . What it says to me is that unless they get a buyer soon sberbank will pull the plug on the credit facility.
They are openly touting for a sale and as far as i can see from the RNS there is no buyers looming (i could be wrong).
This story was never going to end well for shareholders and I do hope they dont get stiched up again.
this is not a stock to average down on. may as well throw some spare cash at roxi or oex as you may multibag there. ATB MPG



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