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Max Petrol Share Chat (MXP)



Share Price: 0.78Bid: 0.76Ask: 0.80Change: 0.00 (0.00%)No Movement on Max Petrol
Spread: 0.04Spread as %: 5.26%Open: 0.80High: 0.80Low: 0.75Yesterday’s Close: 0.78


Share Discussion for Max Petrol (MXP)


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georgesaa
Posts: 1,790
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: 3,100
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: 1,790
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: 5,521
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!
georgesaa
Posts: 1,790
Off Topic
Opinion:No Opinion
Price:1.39
Robster
6 Aug '14
As a balance to that mate, I was already in to Roxi and thought MXP, ive traded them profitably before now, at 3.79p I can make another wedge, lets stick a bit in LOL...
TheRobster
Posts: 3,100
Off Topic
Opinion:No Opinion
Price:1.37
RXP
6 Aug '14
Also just to show how bad my investing "skills" are....about 6 weeks ago I had my finger over the 'buy' button for RXP and thought "nah I never invest in anything decent" and didn't buy any shares. Have a look at RXP now...I would have made a fortune!
TheRobster
Posts: 3,100
Off Topic
Opinion:No Opinion
Price:1.37
2Iron
6 Aug '14
I don't think the new investors intend to run Max in to the ground - the existing Bod already did that! We don't really know what their intentions are and to be honest I don't really care - I'm beyond caring what happens to Max now anyway. I harbour some hope that NUR-1 might get restarted now due to the new funds/investors but I aren't holding my breath.
2Iron
Posts: 5
Off Topic
Opinion:No Opinion
Price:1.40
SUNKAR
6 Aug '14
Some of you guys are questioning the intent of the Kazakhstan family that have taken a 51% stake in MAX PETROLEUM. You only need to look at the history of SUNKAR (A phosphate company also in KAZAKHSTAN), that company has been deliberately run into the ground so that another Kazakhstan business man can get the company for peanuts. These guys in this country are crooks! I have held both these shares for many years and would not now touch Kazakhstan . Good luck but they have a plan!
mike101
Posts: 2,765
Observation
Opinion:No Opinion
Price:1.42
RXP
5 Aug '14
Big news out gla..
georgesaa
Posts: 1,790
Off Topic
Opinion:No Opinion
Price:1.36
Robster
5 Aug '14
Totally agree, Sberbank were lurking, Roxi and their £40m investment at over the market price (at the time) showed this to be a workable deal. Long, Long, road before we see 5p but you got to be in the game to stand a chance!



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