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

Now heading for 4.1p for max petroleum and 2p on its way as investors are fed up of this company and going elsewhere.

Don't you just love it when posters you've never heard of before, suddenly appear on the thread and start posting stuff like 'going down to 2p' and 'large stakes being dumped'.
CS are in deep sh1t and they've been selling-off MXP for some time - just as they did with RXP. If CS decide it's time to get out at any price, expect a big rise in volume, a possible dive down to 1p followed by a hefty recovery once they've cleared.
The problem here is that we are waiting for MXP to deliver a deal. In the current market this won't appear according to the timescale of impatient PIs. It will come - one day - but I do feel that this management is not the best and I wouldn't be at all surprised if big holders are giving management some real stick over their performance. Will a head roll?

interesting times Pond Life.

Update - I read elsewhere that CS don't hold all their MXP in their own name, but hold a large slug in a nominee account for a hedge fund. Selling by CS may not be what it seems.

Hedge funds Tosca have now decided to sell shares in Mxp and will reach under 2p soon. SELL. like news star.

you can show evidence of these funds selling i assume ..... if so, suggest you post for others lest they should think you are just talking tosh (again)

Mxp will be for sale at a pound the way things are going at present.

fear that could apply to an awful lot of companies ..... perhaps even EME!

shadow- a pound a share that'll do.

shadow keeps following me around.

Mitzy was following mxp but now at this price will notice of 2p.

9 (Reuters) - Max Petroleum Plc said on Tuesday it could not complete a
commercial deal in its efforts to farmout a portion of its equity interests in
two licence areas in western Kazakhstan, sending its shares down 19 percent.
Max is undertaking a review of its strategic alternatives as it continued
to pursue a farmout of one or both of its licences, the oil and gas company
focused in Kazakhstan said.
The company had in September said it received "multiple" offers for two
of its Kazakhstan licences and that it expected to reach a commercial deal on
one or both licences after evaluating the offers.
In June, Max Petroleum had launched a formal farmout process to seek
partners to seek partners to share the risk and fund its three-year exploration
programme.
Up to 25 percent of its Blocks A&E licence and up to 50 percent of its
Astrakhanskiy licence were being made available for third-party participation,
Max had said in July.
Shares of Max Petroleum were down 19 percent at 3.47 pence at 0849 GMT on
the London Stock Exchange.
(Reporting by Srikanth Srinivasa in Bangalore; Editing by Gopakumar Warrier)
Keywords: MAXPETROLEUM/FARMOUT

cyril

Still wont buy just yet.

Bye bye max another new star in the makeing 1.25p on the way, no news from management for a long period of time. Turn out the light please as no commodity is here.

for once you are spot on!

This is in the easten block and mxp are situated here.

Just noticed it finished down 40% but my feeling is it could fall to 2p ish.. might be worth buying.

Not untill it reaches 1.25p or lower Mxp.

Nice bounce this am if you caught it right.

no farm out agreement untill 2009 Aprill for mxp in the mean time will hover around 1.15p