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

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.

MXP is looking to be a lame investment. 5.75p now

any hope for this one?.
im mad enough to look at it, absolutely destroyed so far.

twice as many people buying than selling. It does not seem that long ago that I sold my holdings at thirty four pence. What has made them fall so fast in price?

Why would anybody want to invest in MXP which does not even produce a drop of oil and with oil price at $50, it is ridiculous to put any money in this loser.

Mxp could be sold off with a large seller ready to remove its entire equity. 2p looming on no news let alone decent.

as i understand it they produce 3000bopd.
relative to Mkt Cap that seems very cheap, farmout deal in the pipeline imo.

looking better today.

better than what? ..... just because there is just about a discernible pulse, assuredly does not indicate robust health!

By this week on friday Max petroleum will be heading lower to about 2p as no news on all fronts is due or expected to be announced.

for sure no reason to buy