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Max Petrol Share Chat (MXP)



Share Price: 1.345Bid: 1.30Ask: 1.39Change: 0.00 (0.00%)No Movement on Max Petrol
Spread: 0.09Spread as %: 6.92%Open: 1.26High: 1.39Low: 1.26Yesterday’s Close: 1.345


Share Discussion for Max Petrol (MXP)


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TheRobster
Posts: 3,043
Off Topic
Opinion:No Opinion
Price:1.39
Bill7
Thu 15:27
Depends on your entry price I guess! ;-)
 
Bill7
Posts: 5
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.39
Robster
Thu 14:28
Thanks for your posts on MXP over the years which i have found very informative in many ways, however i am still leaning towards a positive outcome on this share
jmkone
Posts: 20
Off Topic
Opinion:No Opinion
Price:1.39
Deal
Thu 11:03
I think we all know MAX was living on borrowed money until either NUR1 comes good or flow rate from shallows is able to fund loan repayments and run at some sort of profit as in any business ...we all knew was a speculative stock ...but someone has come in ...put there money on the table and as with any business deal there will be all sorts of caveats on differing scenarios and the bank will be protecting there asset of loans should things go pear shape
etc ..IMHO
TheRobster
Posts: 3,043
Off Topic
Opinion:No Opinion
Price:1.32
RNS
Thu 09:10
The way I read it is: everything now how to go right for the company, no exceptions, else Max is sunk.

Looks like we're sunk then! :P
georgesaa
Posts: 1,241
Off Topic
Opinion:No Opinion
Price:1.33
TheRobster
Wed 16:31
RNS 4/8/14 ... DYOR etc....u fkcuiwt lol.

· The Subscription should enable the Group to fund its planned capital programme to develop its post-salt fields and maximise reserves and production. In addition, Max Petroleum will be in a strengthened position to attract financial or industry partners to help finish its pre-salt NUR-1 well and to secure an extension of the exploration period of its Blocks A&E Licence in western Kazakhstan to enable it to have time to finish drilling NUR-1 and, if it is successful, the Kurzhem well. The Company will also be able to consider investment in other projects in Kazakhstan and across Central Asia that complement its existing activities............................................................................................................
#Means that Russian Bank could pull the plug if asseurayov family don't conclude the deal ... no doubt then free to sell the assets to ... some local........................................................................................ family.........................................................................................................................................Would write off all of NUR 1's costs to date and leave Company without a pot to .... in due to low production levels on pre salt drills (shallow) Its an accounting statement, bit like a going concern statement.
TheRobster
Posts: 3,043
Off Topic
Opinion:No Opinion
Price:1.37
RNS
Wed 09:28
Anyone understand this bit?
In the event that the Subscription by AGR Energy did not close, and therefore the investment of approximately US$62.5 million was not made into the Group, the directors would have to evaluate the possibility that the pre-salt assets were impaired. In that scenario, faced with the dual uncertainties of funding and a contingent licence extension in March 2015, the directors have concluded that the most prudent course of action would be to book a one-time accounting charge to impair fully the carrying value of NUR-1 and associated pre-salt exploration costs. Under these circumstances, the Group would most likely take a non-cash impairment charge of approximately US$113 million. This charge would not affect the results for the year ending 31 March 2014, but instead would be recognised in the financial statements for the year ending 31 March 2015. Therefore, the successful completion of the Subscription is a key assumption in continuing to recognise the US$113 million costs associated with the pre-salt in the Group's balance sheet at 31 March 2014 and thereafter.
Stian
Posts: 3
Off Topic
Opinion:No Opinion
Price:1.35
Boom
Tue 14:18
Forgive me. It's my first post, had to be done. Would like this to move on up though.
Stian
Posts: 3
Observation
Opinion:Buy
Price:1.35
Booom
Tue 13:39
Booom
TheRobster
Posts: 3,043
Off Topic
Opinion:No Opinion
Price:1.39
Max...
13 Aug '14
...back to being the worlds most boring share I see. :P
logical2010
Posts: 1,850
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 :))



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