With respect Robbo, your more than unfortunate foray into MXP, combined with my own unfortunate foray into MXP means that a repeat could be just waiting to happen with RXP. Thanks, but no thanks, ive been burned from fingers to toes on this one and cannot envisage another KAZ oily getting any more of my hard earned.
If you want to invest in a Kaz oily look at RXP (Roxy Petroleum). I'm not ramping, I have no shares there, but they are currently in a similar position to Max a few years ago (deep drill on the go, no debt, good area, good contacts etc). It's like Max before the f**k-ups.
FWIW. I believe that Sberbank has a lien--collateral--on all of Max's property. Wells, etc. The whole works. So they aren't likely to lose their investment, although it would be time consuming to realize on a sale of the property. My take is that they might extend the repayment schedule or they have some info as to a possible takeover. But, I could be wrong and they just may be stupid or incompetent. I doubt that.
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