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MXP Share Chat - RSS Feed

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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Drainboy
Posts: 110
Off Topic
Opinion:No Opinion
Price:1.50
View Thread (3)
RE: ???
26 Feb '14
Once the share price is low enough, Mike Young has repriced all his options to 1p and his mates have had their fill on the sly....maybe there'll be some good news...if there's any to be had.

However, in the 6 months to September 31st 2013, they drilled 21 wells, with 17 hitting oil and the 2P reserves went down by 2 million. So, probably not.
 
Benig
Posts: 63
Off Topic
Opinion:No Opinion
Price:1.50
View Thread (3)
???
26 Feb '14
Does anyone think this will come back??
jester16
Posts: 587
Off Topic
Opinion:No Opinion
Price:1.50
max sale
26 Feb '14
Any one like to have a guess at how much per share they will be bought for. Have the interims been doctored for this reason BUY OUT.... back handers spring to mind...
Drainboy
Posts: 110
Observation
Opinion:No Opinion
Price:1.47
View Thread (2)
RE: Sale
26 Feb '14
I did some rough calcs on the iii board, which you may find useful. Sorry for your pain, believe me, I know it.

------------------------------------------

They may be up for sale, but if they are, what are they worth?

Sept 31st 2P was 8.6mmbo
Dec 31st upgrade to SW increased that by 600k to 9.2mmbo

Since Sept 31st, at 4500 bopd they've produced 670k, so back down to 8.6mmbo more or less.

Debt is $80m or so right now (could be less, given cost cutting measures and lack of drilling).
MCap is $53m
This gives an EV of $133m
That's already valuing 2P of 8.6mmbls at $15 per barrel.

Who is going to realistically pay more than that?

So what does it matter is Max are up for sale? They're already valued at a decent sale price.

This doesn't mean that the share price can't shoot up, of course. However, people should be aware of the current situation before presuming it suddenly will. This is also valuing NUR-1 at $0 and future reserve increases at $0. Unless Max can raise funds somehow for NUR-1, that's not an unfair valuation. It might be worth a lot or cost Max a lot more money for nothing.
ChelseaBoy
Posts: 67
Off Topic
Opinion:No Opinion
Price:1.48
View Thread (2)
Sale
26 Feb '14
Yes, Im pleased if its true as in some ways it takes the pain away, but whats it worth and what can we expect to get?
jmkone
Posts: 51
Off Topic
Opinion:Strong Buy
Price:1.50
Sale ....a
26 Feb '14
shareking1
Posts: 73
Off Topic
Opinion:No Opinion
Price:1.50
160 shares
26 Feb '14
Is the buying of 160 shares some sort of code or are mms mucking around.
jester16
Posts: 587
Off Topic
Opinion:No Opinion
Price:1.50
robster
25 Feb '14
From your own analogy sell up move on simples.......
maybeoneday
Posts: 377
Off Topic
Opinion:No Opinion
Price:1.50
View Thread (2)
RE: maybeoneday
25 Feb '14
I guess because they have been buying since £1 down to 20p
There is no point throwing any more money away and collect the wages instead. Hence no buying from 19p to current levels.
TheRobster
Posts: 3,746
Off Topic
Opinion:No Opinion
Price:1.50
Just a...
25 Feb '14
...general observation. I've been investing in AIM for years now and have invested in probably a dozen companies or so but have researched many more. Part of that was reading the bb's for those companies. One thing that strikes me is how many companies do badly but that there is ALWAYS a significant number of people on the board who just point-blank refuse to see it. Human pyschology I guess, a lot of people can't face the truth that a situation is as bad as it is. Just think on this then - most companies fail, but most bb's have people who think they will be a success. There's a massive disparity between what "should be" and "what is" with most bb's I find...





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