Welcome to the new thread for Max Petroleum. Here's a link to the MXP web site and a presentation that everyone should read.

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

Pond
I am hopeful that Max will move North from here. The facts speak for themselves. Wait for another RNS relating to Farmout and you will see this share go North very quickly.

HJS - I agree entirely. The share price is recovering very quickly and I am quite confident from here onwards. As you say, all we need is the right news to light the blue touchpaper and away we'll go.

Erm. ;-))

LOL - yes - how wrong can you be!
Nevertheless I remain undaunted. This time next year Rodney.....

A positive day so far for the share price and NEWS of Institutions adding UP
The time for the turning can not be far away.........

Beware of the BULLS they are getting restless



and can do some damage by the way



just ask this Scottish guy

MXP 64.75p +3.75p

The 5 days chart is positive on the way it has performed

Certainly seems to be buying below 60p. Don't see much volume. Like the higher low.

Interesting

Volume chart


Indicators

:>) Yes Big Al, you've guessed it! BUT i did get out before suspension (yes ok luck) but am back in now...........

;-0

Breaking and on the UPTREND

the bounce is on as sentiment is positive as is the momentum, so that is reflected on being UP by 4p

                Dominus obiscum

                     
Mother of God, has been praying for us shareholders

That is the way I see it at the moment (short term )

Nothing goes into a strait line, and after moving from 55p to 81p almost 50% UP is most likely "running out of powder" as also the Indicators are reaching the overbought situation.

Doji:
Definition: Long Legged Doji is a doji characterized by very long shadows. It shows the indecision
of the buyers and sellers and it is an important reversal signal.

Important Factors:
Long Legged Doji is more important at tops.
Since the Long Legged Doji is a single candlestick pattern, it is better to see confirmation in
the form of a move opposite to the prior trade on the next trading day.


Example of what usualy happens when a "doji" appears on the chart and after an uptrend like the one MXP had
for the last seven days, it did not follow the theory this morning but yes the price at the close

MXP being dumped today.

Max Petroleum PLC
17 December 2007

Max Petroleum Plc

Temporary Suspension of Production from Zhana Makat Field

17 December 2007

Max Petroleum Plc (the 'Company') announced today that production at its Zhana
Makat field has been temporarily suspended pending approval of the Company's
proposed gas utilisation plan by the Ministry of Energy and Mineral Resources
('MEMR'). The Company has filed the applicable permit application with the MEMR
and anticipates that approval of the gas utilisation plan, as well as the
associated gas flaring permit, will be obtained shortly. Upon receipt of such
approval, the Company will resume production in the Zhana Makat field without
any material impact on the Company's ongoing operations.

a pictorial nasty for you all .....

New article on MAx here

No mention of Zhana Makat suspension at all on the article. Only all good news. Very typical.

Looks like I'm wrong...production has started in Zhana Makat Field today.



Max Petroleum PLC
02 January 2008


Max Petroleum Plc

Production Resumed in Zhana Makat Field

2 January 2008


Max Petroleum Plc (the 'Company') announced today that the Company resumed
production from the Zhana Makat field after receiving approval of its gas
utilisation plan by the Ministry of Energy and Mineral Resources and obtaining
gas flaring permits from the local regulatory authorities for the calendar years
ending 31 December 2007 and 2008, respectively.


Jim Jeffs, Executive Chairman, commented:


'Our personnel in Kazakhstan did an outstanding job bringing Zhana Makat back
onto production within two weeks of being shut-in, working diligently with the
regulatory authorities during an extremely busy holiday season to obtain the
requisite approvals.'