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

Hi cynic - the MXP chart looks as bad as any I've ever seen for a company that is still trading, and I have lost a large bundle of loot on this so far. I do however firmly believe that we have seen the nadir for MXP and the departure of the CEO, Mark Johnson, is very good news. I think we will now start to see progress. Drilling news, funding news and farmout news could all come within the month and FWIW I reckon we'll see the sp far higher than this by the end of February. No doubt you'll be around to remind me of my folly if I am proved wrong.

Duplicate post removed.

i would certainly not do so with malicious intent as it's not my style, but shall try to remember to twist the knife just a little!

Interesting buy after hours 1,000,000 @2.151p.
cyril

21.5k ... big deal! ..... and could of course just been someone closing a bear position

1 million shares in MXP is certainly not worth mentioning.

however a purchase of 21.5k is not

max up 20 percent

a bit of perspective .... MXP is up a HUGE(!!) 0.52p, though admittedly the spread is at lesat sensible at 0.15p

cynic really motoring now get your head out of the sand!

just to remind you that i only deal in CFDs so min cap is 10m ..... i wouldn't buy MXP anyway, purely because i don't muchg care for it, any more than i do a number of other mini-minnow oilies and miners ...... very happy to be holding TLW, and arguably, i should not have banked my very acceptable profit in HOIL.

i will however happily own up to having very modest holdings in HAWK, EO and CRA

cynic if you wish to limit what you can deal in that is up to you and is of little interest to others interested in making money, either in dealing in shares directly or using CFD's.

it is not me who makes the rules about trading in CFDs, and if you don't want to read the crap i write, then don't react or squelch

We are not responsible for the "crap" you espouse! Sensible informed opinion is most welcome.

as i said, you don't like my opinion, whatever its basis, then take the necessary

but is it my imagination, or is MXP still trading on blue sky? .... even HAWK and SER have at least limited quantities flowing

cynic always wanting the last word, why get involved in share blogs you don't consider worth investing in?

my choice, but am i correct in saying that MXP does not have a single proven well but merely licences which it will exploit in due course, cash permitting? .... even then, it is far from certain that they will come up with oil ..... VOG was a salutary lesson in such

cynic whether or not MXP has proven oil reserves is academic until the oil actually comes out of the ground it is considered no different to any other E&O's like HAWK or EO.

not quite true, but still ..... does MXP genuinely proven reserves? ..... EO does not yet either (i think), though HAWK clearly does, even if the amount being pumped is currently derisory

cynic tell us the value you put on so called "proven" reserves?