any thoughts about the drop in share price?

Is this on the verge a big recovery, it appears to have bottomed out earlier this week. They are saying that they will be producing 2500bpd by the end of the year. With further drilling in the coming months. This monster seems to be a bit cheap with the huge prospects and huge oil logs find.
Any comments?

MXP share price recovery continues apace with excellent volumes to support it.

Take a look at the very impressive new MAX Petroleum web site - and read the even more impressive Investor Presentation, then go and buy some more MXP shares!

http://www.maxpetroleum.com/companypresentations.asp

Pondlife, these shares are looking good for strong recovery now. I got in last week at 87.5p. It looked if it was over sold on the charts...presumbly due to funding cost of the drilling programme required. The presentation says that is completed now. I can see this go beyond the peaked price it reached earlier this year.

R88AVE,
I have been a convert to MXP for some time now. I see these as a multi bagger over the next two or three years. I bought first at 120, topped up at 110 and then added more at 84 and then more yesterday at 95. The dive was a temporary blip brought about by arbitrage by the holders of the convertible stock. It will soon be a distant memory. 150 by year end would be very nice, but I can be patient. These WILL come good.

Pondlife

Someone in the rival website has rung the company today and was advised that an update on their website is due tomorrow. Could be an exciting rns coming?

Yes - tonester has been publishing the latest 'buy' note from WH Ireland. It makes for good reading. You couldn't possibly read it and not want to buy the shares. I gather that it will appear on the web site tomorrow. Have you seen the site by the way? It is very swish.
I post as Lord Gnome on other sites, including ADVFN.

Ah right, you do the share forum as well, I visit the site everyday, very interesting read from others. Sensible with no rampers etc. Yeah the MPX website is excellent. I gathered Tonester had made an interesting break down of the presentation. Let see today brings, maybe tempted to get some more?

Added a few more today via a spread bet - run out of cash to buy them with!

I have started a new thread for MXP with charts in the header. I'll add useful links to it when i get time. I won't be posting on here again, This thread is now officially dead!