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Max Petrol Share Chat (MXP)



Share Price: 1.155Bid: 1.11Ask: 1.20Change: 0.00 (0.00%)No Movement on Max Petrol
Spread: 0.09Spread as %: 8.11%Open: 1.10High: 1.155Low: 1.155Yesterday’s Close: 1.155


Share Discussion for Max Petrol (MXP)


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LilAnt328
Posts: 42
Off Topic
Opinion:No Opinion
Price:1.24
Re-Successful
20 Mar '14
Very strange !
 
catfish
Posts: 1,326
Off Topic
Opinion:No Opinion
Price:1.24
Re :- Successful
20 Mar '14
Yet another hit , yet another big fall in the sp. If these ' noncommercial finds' go on we'll be worth nothing in a few months! What a very strange company this is !
maybeoneday
Posts: 336
Off Topic
Opinion:No Opinion
Price:1.24
View Thread (2)
RE: Falling
20 Mar '14
Didn't think the next day it would fall as quick though Lol
LilAnt328
Posts: 42
Off Topic
Opinion:No Opinion
Price:1.25
Successful
20 Mar '14
Max Petroleum Plc, an oil and gas company focused on Kazakhstan, is pleased to announce
successful drilling results of an appraisal well in the Sagiz West Field.

The SAGW-13 appraisal well in the Sagiz West Field has reached a depth of 1,577 metres,
with electric logs indicating six metres of net oil pay over a 16 metre gross interval in the
Triassic Formation at depths between 1,252 and 1,268 metres. Reservoir quality is fair with
porosities ranging from 15% to 20%. The Company also encountered visual shows over a
lower reservoir at depths between 1,269 and 1,304 metres, with electric logs indicating
another 26 metres of potentially productive reservoir albeit with higher levels of water
saturation than encountered in the upper zone. The Company also plans to test this second
interval for commerciality, but has not characterised this interval as net oil pay at this time.

SAGW-13 is located two km southwest of SAGW-4, making it the most southern well drilled
in the Field to date. The Company is setting production casing in the well and will begin
testing SAGW-13 as soon as practicable. The Zhanros ZJ-30 rig will next move to drill the
SAGW-7 well, the final well remaining in the current 11 well appraisal programme at Sagiz
West.

Enquiries:

Max Petroleum Plc

Michael Young
President and Chief Financial Officer
Tel: +44 (0)207 355 9590

Tom Randell
Director of Investor Relations

College Hill

David Simonson/ Anca Spiridon Tel: +44 (0)207 457 2020
WH Ireland Ltd

Katy Mitchell Tel: +44 (0)161 832 2174

Oriel Securities Michael Shaw / Tom Yeadon Tel: +44 (0)207 710 7600
Charles Stanley
Securities
Mark Taylor / Marc Milmo Tel: +44 (0)207 149 6000

Richard Hook, Chief Operating Officer of Max Petroleum Plc, is the qualified person that has
reviewed and approved the technical information contained in this announcement. Mr. Hook
is a member of the Houston Geological Society and holds both Masters and Bachelors of
Science degrees in geology.
jmkone
Posts: 22
Off Topic
Opinion:No Opinion
Price:1.25
fall
20 Mar '14
Could be a case of investors selling up a loss to balance books for tax gains on other shares ??? either way what a crock of dog crap MAX has become
MaverickD
Posts: 5,383
Off Topic
Opinion:No Opinion
Price:1.27
Nur-1
20 Mar '14
Alone is worth 5p reckon - not a typo, but you are right - see which way this rides
catfish
Posts: 1,326
Off Topic
Opinion:No Opinion
Price:1.27
Anyway
20 Mar '14
Mav , why £150 mill , that would make an offer worth 5p a share. Or did you add an extra ' 0 ' in that typing error and really meant £15 mill ?That would look a more realistic offer now. As Robster said the other day it would be better for those of us who've lost our shirts if they did **** or bust on Nur 1 now because there's not a lot more left to lose.Thoughts?
catfish
Posts: 1,326
Off Topic
Opinion:No Opinion
Price:1.27
If it's
20 Mar '14
good news then why the fall? Past experience of this one tells me more bad news is on the way. Secrets are only kept from the little investors.
catfish
Posts: 1,326
Off Topic
Opinion:No Opinion
Price:1.27
Offer
20 Mar '14
Buying some more then?!
MaverickD
Posts: 5,383
Off Topic
Opinion:No Opinion
Price:1.28
Typing
20 Mar '14
Too quick today, but an official RNS is due - NUR-1 needs finishing and an announcement about funding this/ farmout or full blown takeover will add some much needed gloss on the current sp



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