(MXP) Max Petroleum

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Max Petroleum is an independent oil and gas exploration and production company focused on Kazakhstan. The Company is a public limited company incorporated in the United Kingdom and listed on AIM.

The Company holds a 100% interest in the Blocks A&E Licence area covering over 12,455 km2 in the highly prolific Pre-Caspian Basin in Western Kazakhstan. The Pre-Caspian Basin has produced some of the world.s largest oil and gas discoveries, including the super-giant Tengiz, Kashagan, Karachaganak and Astrakhan fields, which range in size from seven to 20 billion barrels of oil equivalent in recoverable reserves.

Visit the Max Petroleum website | Analyst and Investor Conference Call

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15:16	Hold Re: Interesting article from HUB on AIM	Chelios11	2


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Many of the larger Institutions have been moving money from bonds to lower risk blue Chip equities this year. As the global economy slowly (very slowly) grinds it's way out of recession the appetite for risk should increase and cash will flow to the smaller companies. Patience is required, our time will come if oil production continues to rise steadily. The glut of oil in the US from fracking is also affecting the market at the moment. In my view the huge demand from Asia will offset this given time. More View thread 3 Respond Login to Vote up
10:10	Re: MXP May Presentation	Drainboy	1


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Only changes on the whole thing are updating the range of production for FYE 2013 to the 3346 we managed and changing the "awaiting ratification" lines for the license to "renewed". Worth doing as a prospectus though. More View thread 2 Respond Login to Vote up
09:22	MXP May Presentation	ldlv	3


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http://www.maxpetroleum.com/uploads/130516-mxpmaypresentation.pdf More View thread 2 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
Fri 23:25	Re: Interesting article from HUB on AIM	griller	2


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Hub is spot on with his analysis. He omits of course to question whether Osborne and the Tory right wing of europhobes and zionists care a damn about small time investors as their supporters in the hedge funds and american investment banks cream off margins from spreadbetting and forex scams. But these guys don't vote in UK elections whereas gradually impoverished Pis from Guildford to Alderley Edge do and very soon they'll realise their pensions are disappearing lock ,stock and barrel down the throats of the investment industry. Why the hell did Osborne delay that cut in stamp duty on AIM till 2014 - answer because all he really wanted to do was to grab a headline that his government was anti Financial Transaction tax. Instead he should have put stamp duty on spread betting and forex trades and used the money to reduce VAT. More View thread 3 Respond Login to Vote up
Fri 21:24	Interesting article from HUB on AIM	ldlv	2


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"The market will eat itself. Chewing on its nose despite its face – it may well be on the verge of no return when it comes to the small caps / resource sector. The AIM index and resource stocks in particular are now so disconnected with any sensible valuation model that they may as well be greyhounds at a dog track. Investors are leaving AIM in their droves and if it doesn’t concern the markets – don’t be surprised. With QE3 serving up lobster each day – most big II’s couldn’t give a prawn for the higher risk assets. They are happy pumping their money into loss making companies like Thomas Cook! If ever there was a ‘woolworths’ in the making – then Thomas Cook is it. But lets not digress too much into the quagmire that market has become. It’s pointless having a reasoned argument when there is no interest in reasoning at all at present.". "...And as mentioned a while ago – the markets going to shoot itself in the foot if it is not careful. When QE3 dries up, they’ll need the small caps and higher risk growth sectors to gain their bonus targets as the larger caps suffer the overbought hangover that comes with free QE cash. The problem is… the little olde pi who lubricates their end of year bonuses will not be there to help them. They’ll be sticking their cash into property or premium bonds! One person that should be getting a tad upset with the markets casino antics of late is of course George Osborne. His April 2014 stamp duty free gift on AIM/LSE shares was supposed to be a big vote winner prior to elections. AIM is likely to be a ghost town by then if things continue as they are and that doesn’t bode well for the city, market or Mr Osborne. A second half rally in 2013 would be the least Mr market could do and if he’s sensible he’ll get on with it sooner rather than later." More View thread 3 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
Fri 21:16	What share price......	Rogen83


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....when NUR 1 funding is secured? I'll go for 8p More View thread 1 Respond Login to Vote up
Fri 20:40	Re: volume picking up	dalymath


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Around 15 million in the last few days and hardly any movement THINK WHY IDLV Holding the price at back 4 pence What a laugh Not possible Next week back to 3.7 and drip drip drip PS Idlv do you realise that the only ones who post on here with the same thoughts as you are those so deep into this share that the only comfort they get is reading positive comments on this bunch of crooks from you and few more rampers. More View thread 5 Respond Login to Vote up
Fri 18:20	Re: volume picking up	ldlv	1


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Correct but almost 10M traded today is a lot higher than average...since the regulatory update this week we are trading at considerably higher volumes....in LSE somebody commented "It looks like a big order being filled,and the price being held at this level but once 4p breaks we should quickly move up "...well I don't know about that but, next week we should get an update on BW 2 that could boost the investors confident even more, news on the third rig, production figures from the Zhana wells drilled recently and a SW4 positive result in a month time will help too... and what about news in regards NUR-1 Come on Max! More View thread 5 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
Fri 17:46	Re: volume picking up	shugg1e


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Price didnt move More View thread 5 Respond Login to Vote up
Fri 15:39	Re: volume picking up	ldlv


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make it 6.2M now More View thread 5 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
Fri 15:37	volume picking up	ldlv


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from 1.5 M to 4.2M in a matter of minutes More View thread 5 Respond Login to Vote up
Thu 21:37	Re: Great news guys...	nest of rampers


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Glad things are improving and well put DB thanks , my ave is 17 p and my holding is not a big one but I continue to grimly hold on for a profit at some distant glory day , anyone like to have a guess when that would be ? My £1000 purchase is now worth £222 . More View thread 4 Respond Login to Vote up
Thu 20:56	bullist video about mxp	ldlv


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http://www.directorstalk.com/video-bullish-oil-tiddlers-circle-oil-max-petroleum-sound-oil-zak-mir/ More View thread 1 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
Thu 19:43	Re: Flabbergasted	fin8108	1


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Yesterday More View thread 3 Respond Login to Vote up
Thu 19:02	Re: Flabbergasted	Rogen83	2


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I've been in and out of Max over the last 4 years. Had a large holding before luckily selling most at 10p before the Nur 1 postponement. Bought back in yesterday and today with 2.5m shares at 3.96 average as I fully expect MXP to get a partner to finance Nur 1 completion and general reserves upgrades from completions and appraisals during the course of this year driving us a lot higher. Its option money at these levels but risk reward skewed nicely to the upside. GLA More View thread 3 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
Thu 18:27	Flabbergasted	thehickster	2


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Max released some good news and the share price went up. How long since that happened ? More View thread 3 Respond Login to Vote up
Thu 12:15	Re: Another spike	Prplxx	1


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Dohh! Still lets hope there is further good news and the sentiment changes for Max sooner rather than later. GL all Prp More View thread 8 Respond Login to Vote up
Thu 11:17	Re: Another spike	Drainboy	1


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I assumed fRomeo29's post was dripping with sarcasm. Ah well, at least we've had a strike and not gone down More View thread 8 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
Thu 10:56	Re: Another spike	Prplxx


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Wouldnt quite call it relief Romeo, two good rns yet still not above 4p, I still have faith though and I still feel we will come good. Would love to see 6p again as I feel we need that level before any chance of further progress, hope it comes this year. GL Prp More View thread 8 Respond Login to Vote up
Thu 10:27	Re: Another spike	rRomeo29


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Nice share spike. Nice relief for long time holders. More View thread 8 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
Thu 07:55	Re: Another strike! Uytas North next	Drainboy	5


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"results are in line with expectations" means "it's a shallow well, which might increase production a modicum but is unlikely to blow anyone's socks off....hopefully 100 bopd if we're really lucky". If the rig has a success at UN, then results being in line with expectations will give us around 11mmbls of recoverable oil. The chance of that success is 24%. More View thread 8 Respond Login to Vote up
Thu 07:38	Re: 5 pence	Field Marshall Lodl


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Daly, what are you in for with MXP? Are you in that awful no hope zone where you cannot enjoy small rises that are well down on a previous peak (£2 per share)? More View thread 3 Respond Login to Vote up
Thu 07:37	Re: Another strike! Uytas North next	f1nants	1


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"results are in line with expectations..." what does this mean? for example the rig is now moving to drill UN with a 24% chance of success. So if UN results happen to be in line with expectations it means it has achieved the 24%?????????? or the 24% is now 100% success? of what? targeted oil in place? More View thread 8 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
Thu 07:27	Buy Re: Another strike! Uytas North next	GCCR	3


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More excellent news folks.....! We've had such a string of great RNS's recently that one wonders how good this SP might get ! Keep it up Maxi ! More View thread 8 Respond Login to Vote up
Thu 07:24	Another strike! Uytas North next	ldlv	1


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Max Petroleum Plc (the "Company") Drilling Update 16 May 2013 Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that the ZMA-E6 development well in the Zhana Makat Field has successfully reached a total depth of 897 metres, encountering hydrocarbons in Jurassic sandstone reservoirs in line with expectations. The Company plans to complete the well and then place it on production as soon as practicable. The Zhanros ZJ-20 rig will now move to drill the UTS-5 exploration well in the Uytas North Prospect on Block A, targeting resource potential of 11 million barrels of oil with a current geological chance of success of 24%. More View thread 8 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
Wed 22:09	Re: 5 pence	Rogen83	4


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Bell End More View thread 3 Respond Login to Vote up
Wed 21:20	Sell 5 pence	dalymath	1


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GOD all of you must be living in a different world WHY do you think this share never moves, SORRY does mov,e but alway downwards on any news good or bad THINK ABOUT IT AND GET OUT WHILE YOU CAN PS Give the good news of 5 pence to all the mugs who got conned by this bunch of crooks who bought on the lies of the BOD from 20 pence to £2 More View thread 3 Respond Login to Vote up
Wed 20:12	HUB	ldlv


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http://thesharehub.com/?p=8434 More View thread 1 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
Wed 18:34	Buy Re: Griller...	millanna	1


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love it PMSL come on maxy baby lets get over 5p and see who jumps ship first! im sure UBS will be ready to mopp up some blood!!!! More View thread 2 Respond Login to Vote up
Wed 18:31	Griller...	ldlv	1


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We both got a mention in this article http://www.iii.co.uk/articles/92706/max-boosted-kazakh-licence-extension Max boosted by Kazakh licence extension By Darshini Shah \| Wed, 15/05/2013 - 11:01 Shares in Max Petroleum (MXP) added almost 6% on Wednesday as it announced it had received final regulatory approval of a two-year extension of the exploration period of the company's Blocks A&E licence by the Republic of Kazakhstan's Ministry of Oil & Gas. The Kazakhstan-focused oil and gas exploration and production company also said it was placing four wells in the Asanketken Field onto trial production and returning the BCHW-1 well in the Baichonas Field to test production, effective immediately. As a result, Max expected its current production of approximately 2,200 barrels of oil per day (bopd) from the Zhana Makat Field to increase by a minimum of 2,000 bopd. Investor view 'Griller', a user of the Interactive Investor discussion boards, said the update was "good news" and "the latest example of the objectives set out in the annual general meeting being delivered". The user added: "Now we just wait for the go-ahead on [the NUR-1 pre-salt well at the Emba B prospect on Block E]." Fellow investor 'ldlv' commented: "Our cash flow will ramp up significantly from [Wednesday], the market shouldn't ignore this." More View thread 2 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
Wed 18:06	Re: How about...	ldlv	2


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One day Drainboy... it is so frustratng...with all the progress MXP managed to do lately we are at 3.92p...I don't have words!...SW4 and NUR-1 news are the more significant events to come. Let's hope we can progress steady from here and see a decent SP soon... More View thread 2 Respond Login to Vote up
Wed 15:42	How about...	Drainboy	6


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...ZMA-E6 TD tomorrow, BCHW-2 TD Friday along with new flowrates after 48 hours of production showing we're closer to 4500 bopd than 4200 bopd, Uytas rig news Monday, then NUR-1 news Tuesday. Then we might get the same % increase GKP managed today on no news at all More View thread 2 Respond Login to Vote up
Wed 10:58	Re: Great news guys...	Drainboy	14


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Thanks griller, I wish I could give some excellent analysis of the shareprice that was more positive, but you've hit the nail on the head (and I'm rubbish at predicting share prices...just wish it hadn't cost me so much money to find that out). I can't believe how far we've come since the end of last year, when we we didn't have enough capital to pay for a single rig, through offering shares for drilling, to organising a $90m debt facility to drill up to 40 wells to the end of this year. We've gone from zero rigs drilling to two going at it together and a third being tendered for to hopefully start the campaign at Uytas before the end of June (originally end of May, but that looks less certain now). Production's gone from 2200 to 4200+ with more taps coming on at ZM, BCHW and SW in the near future. At 4200 bopd (1760 to export) we're getting netback of $4.5m a month. With admin of $1.375m per month and finance of around $0.55m per month (1/12th of 11% of $60m...though I think we've drawn down slightly less than that) that leaves us $2.6m towards drilling, seismic and infrastructure per month just out of production. That's more than one of our drills covered per month and not far off two. As production ramps up towards 6k bopd we'll have another $1.8m per month for drilling. We'll practically be covering the three rig shallow campaign out of production at that point, which should arguably come in the next 6 months (to give time for drilled wells to come online through the laborious Kazakh red tape). And all against a shareprice of 3.84p. Admittedly we have more shares now. 1.817b compared to 1.018b before this started. That makes the share price the equivalent of 6.85p old money, when we had $80m more debt than today. Hopefully one day the market will cotton on to the potential and financial robustness of the new Max Petroleum. Hopefully More View thread 4 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
Wed 07:55	Re: Great news guys...	griller	14


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idiv, its good news and the latest example of the objectives set out in the AGM being delivered. Now we just wait for the go-ahead on NUR-!. As for market reaction you might as well ask our one time dreadlocked poster (where are you Bob?). He might confirm my view that this shareprice is just a plaything of the spread betting market at the moment. The beast doesn't want us to buy and hold - it wants us to gamble on points and pit our wits against the algorithms or day traders. Hence the early spike after 8 this morning will be met with a wave of selling as the traders cream off their margins. Only when the institutions who have been buying quite large holdings in the last six months decide it is time to cash in will they instruct the market fixers to raise the price so they can offload to any punters who are still liquid enough to chase the price up or (more likely) the chinese or russian oil producers decide to add our acreage but there's a while to go before that comes to pass. Meantime DB keep your excellent analysis and relays from Randell flowing as strongly as the wells currently being drilled. More View thread 4 Respond Login to Vote up
Wed 07:29	Buy Great news guys...	ldlv


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Our cash flow will ramp up significantly from today, the market shouldnt ignore this...but who I am to say that...! More View thread 4 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
Wed 07:24	Re: RNS..and a good one!	mass7t8


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Now that's good news. "well done" to the team! More View thread 3 Respond Login to Vote up
Wed 07:19	Buy Re: RNS..and a good one!	fin8108


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Boom More View thread 3 Respond Login to Vote up
Wed 07:09	RNS..and a good one!	V D Boyle	1


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15 May 2013 Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has received final regulatory approval of a two-year extension of the exploration period of the Company's Blocks A&E Licence by the Ministry of Oil & Gas of the Republic of Kazakhstan (the "Appraisal Extension"). The Company is placing the four wells in the Asanketken Field onto trial production and returning the BCHW-1 well in the Baichonas Field to test production, effective immediately. As a result, the Company expects its current production of approximately 2,200 barrels of oil per day ("bopd") from the Zhana Makat Field to increase by a minimum of 2,000 bopd. More View thread 3 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
Wed 07:09	RNS	Gee-Whiz	1


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Yeah baby.... More View thread 1 Respond Login to Vote up
Wed 07:07	Re: Re:	Field Marshall Lodl


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I think Daly is heavily under water with Max, and therefore we should show a little understanding as to why he is so angry. More View thread 4 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
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(MXP) Max Petroleum

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