Member Info for OilSpelunker

You lot have really let me down. I realize that it's not possible to match me in any exchange requiring wit, but I am surprised that you each gave up so quickly and decisively. I shall take my spoils and enjoy my weekend. Victorious!

I'm taking me new lady friend (I call her FunBot behind her back) to a late happy hour in 5 minutes here in CG. Anybody want to join us for drinks? I promise I'll be nice. Weak sell today mates.

My travels are, generally speaking, regional and very far from exotic. But I have been subjected to both mental and financial abuse at the hands of MXP. I"ll suggest that if anybody related to the topics discussed in this forum is suffering from Waltism, it is the MXP BOD, who is grossly guilty of publishing "exaggerated claims of wealth, status," and its operational profile within Kazakhstan. "We have some good news, um, on Uytas..." - Michael um Young on teleconference, prior to the, um, MXP implosion.

Coggy I have no doubt that you would not think twice about bringing a musket to a missile fight. This seems to be a reoccurring theme. You obviously fancy the taste of blood and the sting of the cold steel blade as it repeatedly slices through your posts. Are you the masochistic sort, or just so accustom to being pounded into a bloody pulp that you no longer know the difference? Anybody ring the MXP Wordsmith yet? Somebody post the MXP main line directory digits and I'll have a go. Buying back in mates. Strong Buy today.

Coggy you should have taken advantage of my momentary lapse of aggression and made haste to recruit me to your cause. Comparing me to Putin is accurate though - he has a nuclear arsenal at his disposal, gobs of money, and a hot young lady friend. Of course, I don't have nukes, but metaphorically speaking, the adversarial exchanges between you and I generally result in painting me in the likes similar to the U.S. dropping the bomb on the dirty defenseless peasants of Hiroshima. I'll happily continue to engage you in these sorts of skirmishes if you fancy, but you and I both know that such engagements will never end well for you. Even the toughest of drunken pub brawlers will ultimately crater if you kick them in the groin enough times, and you've already taken quite a thrashing from me in this forum. But, if you nonetheless are suffering from battered wife syndrome now and you insist on staying with me in such a fashion, well, then so be it. Personally, I've always considered the pummeling of weaklings to be an excellent hobby, as well as a service performed for the betterment of the gene pool per Sir Charles Darwin. Strong sell again mates.

Very well then. Carry on mate.

Mpg1 the representations made by the MXP BOD about the quality and status of the shallow discoveries and prospects were, generally speaking, completely misleading and false in my opinion. Here is a good example - on Uytas, Michael Young stated during an earnings teleconference (which I have recorded) that MXP had some good news for investors because Uytas was more valuable than originally expected and would have considerably more 2Ps than originally expected. It turns out that it wasn't even commercially viable back when Brent was above $80.00 per barrel. Those comments were beyond reckless in my opinion. That was a really bad act in my opinion, and there are many more just like it that I have logged in my file. As for today, I assure you that these MXP cowboys know that there is no hope for the current equity float but do not care one single bit. If they dilute shareholders down by 90% they will just issue themselves 9x the amount of options to cover it on their end, just like they have done every single time in the past. Right now, any equity deal is unlikely in my opinion, even at 90% dilution or worse. But again, just remember that the Wordsmith and his mates are trying to save their salaries first and foremost, and all else comes second to that. Period. If they tell you differently you will know that they are having a **** on your leg. Good luck mates.

Does anybody know of what ever happened to the "Uytas" shallow field, low energy discovery? It went from being MXP's biggest discovery to its biggest bust almost overnight. I am assuming that MXP never got around to preparing a development plan for it since they ran out of money so abruptly. If anybody rings the Wordsmith Tom Randell about the date of the Kaz tax issue notice, you might ask him about the status of Uytas too - just a thought mates. I'd call him myself but I am afraid that I might say something about MXP that would hurt his feelings. He seems to be the fragile and delicate sort.

I've been keeping a pretty good file on the boys at MXP for awhile now. But I am not a professional investigator. I think it's time for me to turn my private investigators loose on this one. We need to know more about who knew what, and when they knew it. So here it goes...my private dicks will be hired tomorrow.

Cheers mate.

Hmm indeed, Stay Blessed as well mate, for the future of MXP lie ineth the handeths of the Lordeth noweth. Tis divine intervention we needeth noweth if we areth to havith any chance of equity redemptioneth. I shall now gladly lead the gang in the MXP prayer: Our Father in heaven, shallow wells be your name. No presalts did come, so plugging must be done, in subsurface earth, as it is in heaven. Give us this day our daily red bottom line, and forgive us our debts from Sberbank, as they have relieved our shareholders of the value of their shares. And lead us not into bankruptcy, but deliver us a new BOD. For thine is the liquid yield, and the hydraulic power, and the glory of porosity and permeability, for ever and ever. Amen.

"Reckon Oily-man is sitting in a poky bedsit in South East Ealing, eating beans and sausages from a tin, reading the Sun (I use the word reading loosely!), and watching the tennis on his small 14-inch portable telly" Ah yes, twas' quite a well thought out and highly educated guess indeed HotShot69. You have cleverly unmasked my true identity. Tis' me own fault. Me thinks thy should have exercised greater caution in the draftsmanship of me posts, as all men know that tube lizards such as the hypothetical chap described in your post do in fact tend to spend much time blogging on LSE about twin engine turboprop aircraft and the New York office of the Goldman Sachs trust department. "Some good news" from Max he pleads, and yes indeed, you are indeed due a morsel of positive nourishment from ye olde fair petroleum corporation of the Kaz persuasion, so here hath a sliver of hope for thou - if MXP gets a deal done, its BOD and other "strategically important" employees shall likely continue to get paid their salaries, which shall be good news for them.

...on a retail stock investment scheme when you and your fellow retail investors have become more interested in learning about an anonymous internet message board author than the status and progress of the actual underlying investment itself. The MXP BOD blokes are busy, that is for sure, but only because they are trying to save their salaries, not the current common equity float. The last time they did a 50% dilution deal they issued themselves the same amount in new stock options immediately. Anybody remember that fun ordeal? They had no shame about it either. As for me, please accept my humble apology for my leave of absence. The King Air has an annual due soon and we are trying to determine whether or not she needs some upgraded avionics. The new Garmin packages are truly amazing. OK back to me, what were the questions? Where am I from and such? My Trustee is domiciled in New York City but I have a relationship manager here in London, though I hardly see the relevance to MXP. I personally am an international man of mystery with multicitizenship. I have a flat here, a flat there, etc. But hey all, since the professional deadbeat country of Greece is in the news and the IMF seems willing to pay another ransom, maybe the IMF would do a deal with MXP? If they are going to bail out the professional Greek deadbeats yet again, maybe they will bail out a deadbeat London oil company too? That reminds me - anybody ring Wordsmith Randell about the date of the Kaz tax notice? My guess is that he will hymn and hum and change the subject on whoever calls. Also, I am changing my MXP rating to a "Buy." Why not? It's a good deal you blokes write, so OK then. Here is my punt - gonna make a move to buy some on the private market in Kaz. I know a bloke with a healthy number of shares. What shall I offer him for a bushel?

Das ist immer jetzt langweilig.

"what, i actually guessed you where american... i wonder why" Is it because I'm an "independent" thinker? If I was American, my question would of course be tantamount to me taking a pizz on you since its Independence Day in the United States. What makes you think I'm not a real German?

Why are you lads pestering me about me and not responding to the topic? The topic of this forum is the rapidly declining health of our very sick patient, which seems now to find itself admitted to a hospice care of sorts. The patient is clinging to life whilst the family begs the medical staff to consider one last blood transfusion. Of course, the Doctors know the score, and unbeknownst to the family, the morphine drip has quietly already begun. It won't be long before the mask of the attending comes down. "And that," he'll say, "was that." I have dual citizenship for those who are curious. I fancy two football clubs - Manchester United and the New York Giants.

"...lets face it what 20 million between friends." OK then, pitch that to Kaz and see how it works out for you.

And the alternative is what? To demand payments that cannot and will not be made? That's already been tried by operation of the loan agreement. The company is completely insolvent and cannot operate under normal commercial conditions anyway because of the tax issue. The only reason Sberbank would not force MXP into administration is if they think there might be an alternative way for them to lessen their loss (notice I said lessen their loss, not increase their profit). Their loan is a loss now. Remember that the Kaz claim also comes in front of the bank creditor's claim. If the bank creditor is going to take a loss on their loan, do you think there is any realistic hope for you to profit on your current equity holding? That would be a first in the history of commerce. The MXP equity is gone forever for current shareholders. Massive dilution is the only alternative to administration. Perhaps even complete dilution. It's over for your equity. And you know this too. Not a one of you has floated a rework plan with numbers. "They present this, the bank does this, we get this, etc." is not a business plan - whoever came up with the plan without numbers was pipe dreaming. It was a sad read really. I hope that poster is not a CEO for some poor company.

Yes I did lose much indeed, this I concede. It was a painful lesson, and I feel for you in your time of pain and I sense your suffering and wish you comfort. I'm sorry mate. When I called it quits and blew up my MXP investment, the Goldman Sachs trust department was very upset with me. I had to explain my decisions to the trustee in the city himself, and he was ticked off. It was my play money that I lost, but they still monitor my trading as that account is taken into consideration each quarter when the CPA's prepare my net worth statements. Luckily I was able to waive their own analyst's buy recommendation in his face, so all was forgiven with no demand for future offsets from my future distributions to equalize the loss. I was really worried that to punish me for my MXP mistakes, they might take away my King Air. But they did not, though they made me put my pilot on my personal company's payroll, which is OK as he is my gofer when he is not tending to my magic carpet. That reminds me, has anybody phoned Tom Randell yet to ask about the date of the Kaz tax notice?

Ivorsoreass if you had 100,000 shares worth $0.01 your investment was worth $1,000.00. If you got diluted 90% you then have 10,000 shares worth $0.01 so now your investment is worth $100.00. Let's get crazy and pretend that the stock pops 100% up to $0.02 that first "magical" day of resumed trading. You now have equity worth $200.00. So even if you get a 100% pop, you are down 80% and thus, you are hosed. In your unusual little world, does this put you "in profit no matter what?" If so, you have much larger problems than MXP and I would respectfully suggest that you need a psychiatrist and not a stockbroker. For your family's sake I hope you can still escape your personal mental rabbit hole, though it seems to be caving in quickly.