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

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.

They are drilling one well a month....can't go by anything today as everything is down....if you believe in one or two aim stocks...perhaps time to buy...

A disaster.

Fantastic.

Nice rebound...

I missed again..!

stay off the vodka then..

Weak again.

This is the trouble with places like that.....still in with a smallish holding which I shall retain....but ......you never know what's lurking around the corner....still, it has some very promising oil assets.