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Max Petrol Share Chat (MXP)



Share Price: 0.16Bid: 0.15Ask: 0.17Change: 0.00 (0.00%)No Movement on Max Petrol
Spread: 0.02Spread as %: 13.33%Open: 0.16High: 0.00Low: 0.00Yesterday’s Close: 0.16


Share Discussion for Max Petrol (MXP)


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Premium Membership
mannnan
Posts: 22,977
Premium Chat Member
Observation
Opinion:No Opinion
Price:1.70
View Thread (2)
nice buy
16 Jun '14
6,400
 
West11
Posts: 3,830
Observation
Opinion:Strong Buy
Price:1.40
ASK
16 Jun '14
1.6 ASK
West11
Posts: 3,830
Observation
Opinion:Strong Buy
Price:1.40
5M
16 Jun '14
5 Million share buy after market close Friday....
West11
Posts: 3,830
Observation
Opinion:Strong Buy
Price:1.40
brent
16 Jun '14
Brent over 113...up again
West11
Posts: 3,830
Observation
Opinion:Strong Buy
Price:1.40
View Thread (3)
Derampers
15 Jun '14
Wasting time discussing with the old guys, they bought over 20p a few years back.....

Their sense of loss and bitterness is blinding them to the opportunities at current sp.

Every board has them, particularly where the SP is at multi year lows as is very mich the case with MXP....

I Don't get the mentality, if you don't see upside in MXP, its simple, F.... Off and move on !!
mannnan
Posts: 22,977
Premium Chat Member
Observation
Opinion:No Opinion
Price:1.40
continue
15 Jun '14
and the recent all the post on MXP .board .cos they have no share left all burnt
mannnan
Posts: 22,977
Premium Chat Member
Observation
Opinion:No Opinion
Price:1.40
.
15 Jun '14
on every board some derampers .lost in the past ,simply failed to understand when to buy and when to sell .appear .as a deramper .clearly when its time to buy .i guess the shares is not for them .they lost all the way
mannnan
Posts: 22,977
Premium Chat Member
Observation
Opinion:No Opinion
Price:1.40
mpg1
15 Jun '14
strong sell
mpg1
Posts: 1,003
Premium Chat Member
Off Topic
Opinion:Strong Sell
Price:1.40
View Thread (3)
RE: NUR-1
15 Jun '14
oh i see..... your including the second prospect when they didnt even finish the first as they nearly sent the company under and risked everything on one drill!
cant believe that more PI got sucked in here last week with a 100% rise which is now tapering off significantly.
market makers were doing their job well!
West11
Posts: 3,830
Question
Opinion:Strong Buy
Price:1.40
View Thread (3)
NUR-1
15 Jun '14
This section from recent RNS that mentions 1.1bln...?

As a part of the work programme specified for the two-year appraisal extension, Max Petroleum has been granted permission to complete the drilling of NUR-1 on the Emba B prospect and, if it is successful, to drill the Kurzhem well on the Emba A prospect.  The Emba A and B prospects have a combined unrisked mean resource potential of approximately 1.1 billion barrels of oil equivalent and are part of a much larger potential trend of similar prospects. As a part of the review of the results of NUR-1, the Ministry of Oil and Gas of the Republic of Kazakhstan recommended the Group organise a “Technical Roundtable” with experts in deep drilling including other operators in the area to evaluate the problems at NUR-1 and consider possible ways forward.  A series of meetings were held with the experts and a protocol was issued, with the general conclusion that with certain modifications to the existing well design there is no technical reason the well cannot successfully be re-entered and drilled to the objective depth of 7,250 metres. 
After the completion of the Technical Roundtable, the Group began to work with Halliburton, a company with experience in managing deep drilling worldwide, to further analyse the reasons NUR-1 failed to reach target depth and the feasibility of re-entry. The first step was to conduct a geomechanical study of the well to re-evaluate the design parameters for the well. This study was completed in June 2013 and a conceptual well design and revised drilling programme have been prepared.  The existing well bore will be used to a depth of approximately 5,300 metres, where a window will be cut in the existing casing and a new well will be drilled from that point. The new programme differs from the original in that it will use slightly higher mud weights, and it incorporates the use of “expandable liners” to create the possibility of setting an additional protective string of casing should the well again encounter any drilling problems. Max Petroleum signed a memorandum of understanding with Halliburton during the six months ended 30 September 2013, under which they will manage the re-entry of NUR-1 on behalf of the Group, thus bringing their technical expertise and experience to bear on this challenging and highly prospective project. 
In order to complete drilling NUR-1 and evaluate its pre-salt potential, the Group requires additional financing. Finishing the well and evaluating this high potential target remains a top priority for the Group.  





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