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

yep 20p good - 50p very good - good day expect more tomorrow perhaps - rns due next 7 days i think - gla

Looks like a very bad day tomorrow on the markets, so MXP might not go any further for a day or two.

Not in at the lowest point but have held a little while at 16p so very glad i'm here for the ride.

hc - i like the enthusiasm - keep it up - lol - gl

and up another 20%.

Yes, sorry about that gibby! I was watching the DOW drop 200 points the night before & oil & gold following suit. I was therefore expecting the FTSE to take a dive today, but hasn't happened so far. MXP doing well!

reuters buy rating mxp - http://uk.reuters.com/business/quotes/overview?symbol=MXP.L

hc - understand the reasoning - mxp outside of that for now - more news imminent - more wells to drill - lots of upside potential here - been a good week with this & des and a few others - gl

gibby...you really have to learn to use the link.....lol

bb - lol - &:
The next twelve months will be pivotal for Max Petroleum. We have made substantial progress in our geological analysis of our assets, high graded our drillable prospect inventory and improved production operations. Our risked mean resources are now estimated at 1.1 billion barrels of oil equivalent by Ryder Scott. We plan to continue our post-salt exploration programme and the development of Zhana Makat, Borkyldakty and additional fields that we expect to discover within Blocks A&E. Perhaps more importantly, however, we expect to commence exploration of the higher cost, higher upside pre-salt prospects underlying Blocks A&E.

The former will require some, and the latter will require significant, additional financial resources. We will continue to seek partners to share the cost and risk associated with testing our deep portfolio, but we are excited about the pre-salt potential and therefore are considering that shareholder value may be maximised by raising the requisite equity capital to drill them for our own account.

We are confident that we have an exceptional portfolio of exploration and development assets, with a technical team fully capable of identifying and extracting value from it. Also, we believe that our financial and administrative teams have met the challenges resulting from the decline in global economic conditions, financial uncertainty and emerging market risk during the last two years, thereby maintaining the support of our lenders.

Our expectations are that our shareholders will be rewarded for their patience and that results will speak for themselves in the upcoming year.

http://www.proactiveinvestors.co.uk/companies/news/22236/broker-roundup-max-petroleum-rockhopper-exploration-and-aminex--22236.html

from another bb:
LONDON, Oct 19 (Reuters) - British Oil explorer Max Petroleum said a well in Kazakhstan had found a zone of oil on its way down to reach its main exploration targets, sending its shares soaring. Max said on Tuesday that testing equipment indicated that the well, UTS-1, on the Uytas prospect in Western Kazakhstan found 16 metres of oil at shallower depths and that this oil column could potentially stretch for 86 metres. Shares in the company rose as much as 52 percent to 16.75 pence, making the company the biggest gainer in London, and valuing it at 75 million pounds. 'The initial results of Uytas are very encouraging and could prove to be significant given the apparent size of the oil column,' said Executive Co-Chairman Robert Holland, adding he believed the discovery was potentially commercial. The company said the well would drill ahead from the current intermediate depth of 300 metres to explore deeper targets at around 900 metres before returning to the shallower zones to test the find. (Reporting by Sarah Young; Editing by Paul Sandle) Keywords: MAX PETROLEUM/ (sarah.young@thomsonreuters.com; +44 207 542 7717; Reuters Messaging: sarah.young.thomsonreuters@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Related Shares: Max Petroleum (MXP) -------------------------------------------------------------------------------- 1234567891011 UPDATE 1-Max says Kazakhstan well finds oil LONDON, Oct 19 (Reuters) - British Oil explorer Max Petroleum said a well in Kazakhstan had found a zone of oil on its way down to reach its mai [Tue 12:02] BRIEF-Max Petroleum says UTS-1 well finds oil LONDON, Oct 19 (Reuters) - Max Petroleum Plc: * Uts-1 exploration well on the uytas prospect in block a, electric logs indicate 16 m [Tue 11:08] UPDATE 1-Max Petroleum says Kazakh tax ruling reversed * Says payments towards claim suspended while case pending * To ask local authorities to offset payments made so far * Shares fa [24 Sep '10] BRIEF-Max Petroleum says tax ruling reversed LONDON, Sept 24 (Reuters) - Max Petroleum Plc: * Supreme court of the Republic of Kazakhstan has reversed ruling that had upheld a t [24 Sep '10] STOCKS NEWS UK-Max Petroleum down, Kazakh well plugged STOCKS NEWS Reuters Results diary Europe Real-time Equity News UK [20 Sep '10] BRIEF-Max Petrol finds only minor hydrocarbons at KAW-1 well LONDON, Sept 20 (Reuters) - Max Petroleum Plc: * Has completed drilling the KAW-1 exploration well on the karsak west prospect on Block [20 Sep '10] BRIEF-Max Petroleum defers bond interest LONDON, Sept 7 (Reuters) - Max Petroleum Plc: * To defer the interest payment otherwise due in respect of U.S.$75,000,000 6.75 pe

note that gibby's news is 2 days old and market has already been there, done that!

did notice.,.

chaps - i know the date is on there - just an overview for anyone who may not know the company recent history - personally looking fwd to next week - rns can not be that far away - bw

http://www.iii.co.uk/articles/articledisplay.jsp?section=ShareDealing&article_id=10120768&emv_mid=1106267827&emv_rid=1014175106410

I'll be happy 30p.

Got to be patient here...still drilling...lot, lot more to come plus farm out to come for the deep wells...

yep in total 13 wells we know of - plus farm outs etc - i expect a good week next week imo - at least we wont need to wait too long - interesting from ob 19/10 you may have already seen this....

http://www.oilbarrel.com/nc/news/display_news/article/despite-dry-hole-pressure-max-petroleum-stands-by-its-post-salt-drilling-campaign-with-a-key-well-n/856.html?tx_ttnews%5BpS%5D=1287765014&cHash=1272869994

this post is not from me but another bb from a respected poster called 'camperman' - make of this what you will - i repeat i am only passing this on - not from me directly:

'Think of this what you want but I have just heard TD reached, 3 seperate columns unconfimed PLUS of 150 meters of oil bearing sands. BUT Commercial clearly I am not saying 100% commercial until they test, and that will mean more drills to establish sizes, API, OWC etc etc, but I reckon if what I have been told is correct then 50p plus will be on the cards straight of the RNS, and who knows what next, the area has produced some huge finds before what to say that they have not got lucky here. if camperman is still around id like to know where he suspects an rns? they are 5 hours ahead over ther , so knock one out ready for 7am? ???'