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

PL, thanks for your report its much appreicated. Seems quite comprensive to me,
covering the farm in and AK.
cyril

market was impressed too ...... no reason to buy at all

Quite right cynic - I think everyone is going to wait until MXP actually delivers on some of its promises. There will be plenty of time to buy once we can see some progress. I am stuck with my shares for the present, but will want to add more if things start to move. If this company can finally get its act together, then the upside is tremendous. This is a big 'if' on past performance, but I do think that Zoro will ride to the rescue.

20p...unbelievable

18p - even more unbelievable! Market is well and truly stuffed!

But I should say MXP is not really worth investing as there are many other shares better than MXP not much dearer or even the same price.

this share has more than halved since I last looked at it. why?

up 25% so must be doing something right..lol.

two months ago I held these share at .34p. I got out with a small profit. I have not bothered to look at them until today and they have halved in value. May this is a good time to buy them back again what do you think?

At 14p they look cheap janet.

only budgerigars go cheep

This is not worth it

This share is all about having faith in the acreage and the ability of management to complete a farmout deal with a bigger oil company. The company is currently in negotiations on both the AK block and also a separate deal for blocks A&E. News is awaited and if a good deal is done then you won't see the share price for dust - otherwise and until then it will languish where it is.
RXP is in a similar position.

By the way, I should add that I have substantially increased my holding in both MXP and RXP at these distressed levels. Averaging down, or throwing good money after bad? Time will tell, but I hope I've called it correctly.

you can buy at 9.10p at fridays price. Maybe time to buy some.

janet ..... don't even think about it!

cynic oxus looks just as bad 7and three quarter pence to buy friday. little miners big losers. Who would have thought they would have dropped back to this level. I was buying oxus at 8p two years ago. Hope you are keeping well cynic.

thanks .... just about keeping my head above water ..... only seriously long in IEC which i think is as safe a bet as anything can be in the current markets (it ought to be money for old rope), but am short CSR, WOS and WPP ...... may take my profit in CSR shortly and increase shorts in WOS and WPP (advertising for the next year is dead on its feet)

Don't buy any at this level. CS are still dumping stock. Better to wait for a rise on good volume. This will signify that the sellers have cleared and the share price can then see some stability. You will miss the bottom, but it will make a much better investment - buying today would just be another gamble.