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

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 ...;-)

delighted to hear all about candlesticks ..... only know about them as murder weapons in Cluedo

Please could you post chart so we all can review..

Cynic wt the reson for showing buys as sell it looks like from 4pm onwards there was alot of selling, but at the buy price........ and all buys off 8,000

bought in this morning along with PELE and PTR

Looks like the MACD still / May not crossed over ??

Showing signs of life. Looks like CS have finally finished selling.

What is going wrong with MXP ??? 35p now.

Losses widened to 34.5 million dollars in the year ended March, 2008 from 29.7 million dollars in the same period last year.

any thoughts on this share, has it reached the bottom, any ideas why the continual drop is it related to the political environment regarding Russia ?

pumben,

Yes maybe Russia is casting a shoadow over the price here, but that is far too simplistic.

Look at the chart over the last two years, and the decline here started way before any problewms surfaced with Russia, IMO.

The production level is disappointing, despite assurances given to investors some time ago, that it would increase.

AGM coming up on 24 September. I hope we might get a positive update then. I will be going to the AGM and will post anything interesting. Until then, this company is valued at less than half the worst case scenario price of 69p for the AK prospect alone.
The company has been its own worst enemy, having undergone an internal purge which knocked the stuffing out of it. Since then, progress appears to have been non-existent on the surface of things and the market has gone against oilers and sent MXP to the knackers yard.
I remain confident, however. Get hold of a copy of the new annual report and read their plans for the next three years. We will be elephant hunting by the end of the year and I hope for news of at least one farm out by the end of the month - hence why I am going to the AGM.
I am the eternal optimist, but when your average buying price is 1.24, you can't be anything else!

Russia is unrelenting and wouldn't care a whisker if a Cold War occurs. I feel this has already occurs with the West attacking its policies.
The Cold War can last for years which we all know from before.

That's why MXP, SBE, DGO, JKX, RPT, FRR all of which operating in Ukraine or Georgia are nose-diving.

MXP was one of the few which escaped yesterdays carnage and the SP actually rose,today in the 1st hour over 1.5m shares traded? Could it be something will be revealed at or just proir to the AGM,which is on the 24th?
cyril

I sold yesterday at .33 and a quarter pence. Since I bought them over a week ago they have been down to as little at .25p. When they went up yesterday. I took my money back on them. I hope they go up for you.