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

Perhaps we should have told them that their company is doing fine.

Its Matra 's turn today but MXP cant be far off.

On 18 January 2010, the Company received notification that, as of 15 January 2010 General Enterprise Management Services (International) Limited ("GEMS") held indirectly a beneficial interest in 50,434,780 ordinary shares in the Company ("Ordinary Shares"), consisting of 9,334,779 Ordinary Shares and a warrant entitling GEMS to acquire a further 41,100,001 Ordinary Shares at an exercise price of 4.54-5.67p per share. If these warrants were exercised (and assuming no other warrants or options in the Company were exercised) the resulting holding of GEMS would represent 10.7% of the voting rights of the then issued ordinary share capital of the Company.

GEMS is the parent undertaking of Asia Resources Fund Ltd, which is the parent undertaking of ARF Energy Limited ("ARF"). ARF is the warrantholder and beneficial owner of the shares.

A lot of shares which is having a dramatic effect on the SP,could be a chance ro get in on the cheap,but getting the timing rught is the trick?
cyril

FC : here's the thread...cheers...

I have loads of this.....looks promising indeed....

Most oilies up.....this should be a fantastic year for quite a few small exploration companies all over the world.....the ones I prefer are the ones coupled with increasing production.

Sincerest apologies for hijacking the thread. But being somewhat of a lazy sod l couldnt be bothered searching for any other threads already in existance and juste dived in . As for myself: while not holding a bucketfull i have a feeling i bought what i hope to be the botton ( mais qui sait ) @ 15.5 .....bonne chance a tous ...@+

Update due soon for MXP....and also AEX and GKP....so could be some big moves if any big strike is confirmed...

Good news.....plenty more to come....I can see this going to at least 40p before year's end...

sorry to be a misery-guts for a change, but i'm sure i saw something earlier today about khaz gov't imposing (heavy) taxes on oil or somesuch .... worth checking

Well don't tell the market makers !.

try The Times .... have only seen one-liner "Kazakhstan threatens contracts in tax move"

looks like 20p quite soon..

cynic - it's old news and has been around for some time now. They tried something like it before and had to abandon the idea. I think it's just sabre rattling. It would immediately kill off all foreign investment in their energy sector.

From iii.co.uk dated 08.03.10
"It was full steam ahead for Max Petroleum (MXP) on Monday, which kicked off drilling activities at its latest Kazakhstan well.

The KZN-1 exploration well, located on the North Kyzylzhar II East Block prospect in Block E, marks the second of 12 post-salt exploration prospects to be drilled by the company on Blocks A & E.

The first well BOR-1, based on the Borkyldakty prospect in Block E, was drilled in January.

Fox Davies Capital said in a note: "Well KZN-1 is targeting post-salt objectives at around 1,500m depth and should take 25 days to drill. Mean prospective resources are circa 20 million barrels for the prospect with a chance of success above 40%."

The AIM-listed group added that it will start testing the BOR-1 exploration well later this week.

In mid-February, the group reported that 38 meters of net oil pay had been discovered at the well, spanning five Triassic sandstone reservoirs at depths ranging between 1,357 and 1,536 metres."

RNS not good news sp slipping heading for 10p?

Sold most of mine 2 months ago but still retain a small holding...not such good news but on to the next well and every thing is bad now...ftse 100 back into the 4900 hundred's....dear oh dear...

Same here sold at a loss 3 months back glad I did...I will re-visit @1 0p.

you made a loss mitzy.......noooo..;)

Not a loss really Balerboy it went through my stop loss.

This is looking very weak.