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

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.'

At least that's one worry out of the way. If we can now concentrate on doubling the share price I can get back to break even :-(
It's been a long time since we enjoyed a positive drilling update and we could sure use some news of current drilling activity.

why would you hurry to put money in here?.... though sp has boiunced off the (recent) low, there looks to be varying degrees of resistance at about 75, 77, 100 and definitely 110

Thanks Cynic they have news out the last two days this is part of todays news..



APPOINTMENT OF CHIEF EXECUTIVE OFFICER AND
RESTRUCTURING OF BOARD OF DIRECTORS

3 January 2008

Max Petroleum Plc ("Max Petroleum" or the "Company"), an oil and gas exploration
and development company focused on Kazakhstan, is pleased to announce the
appointment of Mark L. Johnson as Chief Executive Officer and a member of the
Company's Board of Directors with effect from 22 January 2008.

Mark has over 26 years' experience in the oil and gas sector, including 24 years
with major oil and gas companies. With degrees in both mechanical and petroleum
engineering, Mark has held senior positions with British Gas, Chevron, Texaco
and Transworld E&P, with global experience in Kazakhstan, the Middle East, West
Africa, Trinidad & Tobago, and the United States. Mark was the Managing Director
of the North Buzachi project in Kazakhstan for ChevronTexaco from 1998-2003,
where he established the first Texaco subsidiary operating in Kazakhstan,
initiated production operations that grew to more than 9,000 barrels of oil per
day ("bopd"), secured government approval to further increase production to
42,500 bopd and ultimately negotiated the sale of the subsidiary to the Chinese
National Petroleum Company in 2003.

does one really care whom they appoint? ..... the market does not seem to care much

This is what the charts have to say Cynic......by the way i bought in yesterday.

The last two candlesticks formed a Bullish Harami Pattern . This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is low and it definitely requires confirmation. i,ll wait for the 3th days confirmation if it no good i;ll off load monday with not to much off a lost i hope ...;-)