NEWS UPDATE IMMINENT!!!!!!27 Feb 2015 10:59
You don't want to be out of this Share over the weekend. Next week is early March. Its either WIN or LOSE. I am pretty sure this SP will start to build up today in anticipation of the inevitable RNS.
Regarding a material amount that is due today the 25 February 2015 to the Kazakh tax authorities and payable by early March 2015.
Source: Thu, 19th Feb 2015 12:18
RNS Number : 3666F
Max Petroleum PLC
19 February 2015
The Directors of Max Petroleum currently believe that there is a reasonable prospect that ongoing discussions could result in a sufficient refinancing of the Company and, on that basis, have not put the Company into administration. However, in light of upcoming creditor payments, including a material amount that becomes due on 25 February 2015 to the Kazakh tax authorities and payable by early March 2015, there is only a short period remaining to achieve such a refinancing and if current efforts are unsuccessful then the consequences will be negative for all stakeholders in the Company.
GLA and enjoy your WEEKEND.