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Max Petrol Share Chat (MXP)



Share Price: 1.30Bid: 1.26Ask: 1.30Change: -0.03 (-2.26%)Faller - Max Petrol
Spread: 0.04Spread as %: 3.17%Open: 1.20High: 1.30Low: 1.24Yesterday’s Close: 1.33


Share Discussion for Max Petrol (MXP)


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TheRobster
Posts: 3,044
Off Topic
Opinion:No Opinion
Price:1.44
MavD
5 Mar '14
Mav even though I often don't agree with you I always admire your ability to create your own version of the world and defend it against all the evidence. You should probably have been a politician, it's a good trait to have for public life. ;-)

Re NUR-1 seismics. Experts in the field arrived at the 29% CoS but you 'know' that it's actually 100% CoS. Now I just have to decide whether to believe that people who do this for a living might have some idea what they are talking about or whether they are wrong and you are actually God. ;-)
 
MaverickD
Posts: 5,129
Off Topic
Opinion:No Opinion
Price:1.46
RNS from Monday
5 Mar '14
3 March 2014

On 27 February 2014, the Company received notification, that on 27 February 2014, SIB (Cyprus) Limited, beneficially owned by Sberbank of Russia OJSC, acquired 197,180,534 ordinary shares in the Company ("Ordinary Shares") and accordingly now holds 197,180,534 Ordinary Shares representing 9.06% of the outstanding share capital of the Company.

Well the Russians know a bargain. The lending bank purchases 9% of stock. Now as the lead lending bank and if MAX are in trouble - why acquire the stock? Seems a little pointless to me unless there is an end game on the horizon that see's you with a healthy return
MaverickD
Posts: 5,129
Off Topic
Opinion:Hold
Price:1.46
Fall
5 Mar '14
The fall from 4.2p to where we are now was over done and when people actually look at this when we get our next update then expect this to head in the right direction.

There are negative posters who have averages that won't be reached, however those buying now are guaranteed a sizeable return - that is my belief.

Nur-1 has oil........I know the chance of success of the well was 29%, however someone somewhere based on the 3d samples and the salt layer they hit that there is oil there - now a case of who comes in and buys the outfit. Remember Private Investors, myself included hold less than 20% of the traded "free float" stock. The decision to sell will be made by the institutions.
MaverickD
Posts: 5,129
Off Topic
Opinion:No Opinion
Price:1.46
Directors Talk
5 Mar '14
Is pretty good if you follow it an the chatter about MXP - well all I will say is that there is rarely no smoke without fire
MaverickD
Posts: 5,129
Off Topic
Opinion:No Opinion
Price:1.46
Jester
5 Mar '14
I'm in your camp - turnaround through possible sale
jester16
Posts: 93
Off Topic
Opinion:No Opinion
Price:1.46
drainboy
5 Mar '14
I think we are going to have to beg to differ on max. My thoughts are they will turn it round for the better and give shareholders something to shout about. Only time will tell if they sink or swim....
jester16
Posts: 93
Off Topic
Opinion:No Opinion
Price:1.46
mpg
4 Mar '14
God only knows what you bought at m8 but you listened and bailed at 3.59 well done nice stop loss!!!!
mpg1
Posts: 737
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.46
View Thread (2)
RE: mpg
4 Mar '14
The reason I listen to his posts is that he knows alot more than me and by the sounds of it even more than you. I wouldn't know where to start with all the number crunching. I'm not advocating listening to any ramper but I've been on this board for 2 years so u get a feel if someone is genuine.
I have learnt never to average down and always have a stop loss...... Tighter than %
Drainboy
Posts: 105
Off Topic
Opinion:No Opinion
Price:1.46
View Thread (2)
RE: drainboy
4 Mar '14
Jester, I was heavily invested in Max as I took their estimates of oil in place and estimated recoverables in the shallows as being reasonable and conservative, not hopeful and, in the end, massively misleading. Uytas went from over 100mmbls OIP (186mm IIRC) to low double figures, which might be too expensive to get out the ground at all. Sagiz West ended up being more complex and lower permeability and porosity than originally estimated and talk of 10k bopd from that site and double figures reserves have evaporated as well. No field has come anywhere close to their original estimates, resulting in the long term value of the company disappearing, as reflected in the share price. If they'd been slightly conservative or accurate in their reserve predictions, many such as myself would have seen this for what it was, a much riskier "investment" than was made out in the presentations.

Regarding oil price averages. $72 might be the average they receive for each barrel, between domestic and export sales, but after costs of production and various taxes are taken into account, the figures of $25 and $40 per barrel domestic / export are accurate and contained in their last presentation (not the current one, which doesn't mention netback at all). I suggest you go read it form their website and keep yourself informed. I'm not here to knock the stock for no reason, just highlight the facts so people can make informed choices. Whilst I have all this information in my head from 5 years of foolish investment here, I may as well put it to some good use. It sure has cost me a lot, so best to amortize it over time.

However, if the company manage to continue drilling slowly, so they can afford it, they could well increase production and reserves (or at least keep them steady as they continue to produce) and become worth more than the shareprice today. 2-3p would be a significant increase from the current position and a worthwhile gain, if a risky way of getting there. Talk of 8p should be taken as ridiculous unless a miracle happens and if your investment strategy relies on miracles, you should really invest somewhere else.
jester16
Posts: 93
Off Topic
Opinion:No Opinion
Price:1.46
View Thread (2)
mpg
4 Mar '14
Don't need to listen to anybodies post if I'm wrong with my investment so be it, ill move on. To me if mxp get bought out for say $150 mill I'd be on to a winner fingers crossed. By the way should of gone into solg you would definitely be on to a winner there. With regards mxp its what you bought at thats more important than what you sold at.



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