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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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TheRobster
Posts: 3,769
Off Topic
Opinion:No Opinion
Price:1.35
shareking1
19 Mar '14
Yes lots of success at the drill but but ultimately it just made our reserves go down so was rather a waste of money really.
 
shareking1
Posts: 77
Off Topic
Opinion:No Opinion
Price:1.35
drilling success
19 Mar '14
drilling success after success must be one of the best percentge rates. but still no upward movement.what is going on.come on directors give some news.
jester16
Posts: 777
Off Topic
Opinion:No Opinion
Price:1.35
mav
19 Mar '14
Get this last well out of way and off load the rig hopefully then we might see some tasty profit coming our way. Could we go alone on nur 1 with the right rig contractors unlike the last ones who just milked us dry.
jester16
Posts: 777
Off Topic
Opinion:No Opinion
Price:1.35
mav
19 Mar '14
Just be patient news will come in new tax year not long to go. Hopefully.
shareking1
Posts: 77
Off Topic
Opinion:No Opinion
Price:1.35
maverick well said
19 Mar '14
come on directors take notice of your share holders and give some good news.A share buy would be a start.instead of doing nothing
just takeing the money.looking more like wolf of wall street.
MaverickD
Posts: 6,102
Off Topic
Opinion:No Opinion
Price:1.35
News
18 Mar '14
Give us a little news please - update, takeover, farm out.........it would really help
maybeoneday
Posts: 377
Off Topic
Opinion:No Opinion
Price:1.40
View Thread (2)
RE: Funding
14 Mar '14
Gladly go half if it is 25 bucks ;-)
TheRobster
Posts: 3,769
Off Topic
Opinion:No Opinion
Price:1.40
View Thread (2)
Funding
14 Mar '14
When I said $20-25 I meant $20-25 million obviously. If they only need 25 bucks I'd fund it myself! :P
TheRobster
Posts: 3,769
Off Topic
Opinion:No Opinion
Price:1.40
MaverickD
14 Mar '14
Personally I want them to gamble what's left of the company to finish NUR-1 since the current SP for me is not much differerent to losing all my money, so risk vs. reward at my current losses would mean it'd be better for me if they just tried to finish it, even if that meant ruining the company if the result was a failure.

I doubt it will be drilled though, there is no farm-in partner which means Max have to find $20-$25 in the next 6-8 months. 6000bpd isn't some magic number that will allow them to do this, most of Max's asset value will be going towards paying their debt and keeping the company running. They'd need to save $2-3 million a month for the next 6-8 months in order to self-finance NUR-1. They just don't have the capacity to do this. At one point I thought they might be able to borrow it against future production but then they posted their 2P update and I realised they just don't have the oil in the ground to be able to do this.
maybeoneday
Posts: 377
Off Topic
Opinion:No Opinion
Price:1.43
Mav
14 Mar '14
Corporate update does not suggest Nur-1 will be drilled..

The Company intends to maintain the organisational capacity to resume drilling its NUR-1 deep well while efforts to obtain financing continue. Negotiations with prospective partners are, however, no longer currently in progress.

No financing !! No drill.
Mxp fluffed the drill twice and failed. Cost us £50 million for a hole. Finance this and fail again will be terrible..





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