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

I'll think I'll crawl back into my shoe...got this wrong...will have to stay put...(:-(

thanks hc - if you can hang on rf be intersting what happens in around a month and leading up to it

RF i just found out that next week their are 2m warrents being issued,along with a share placing looking certain,which would be somewhere be;pw 20p imo, probably why the drag on the SP?
cyril

Shame...we did not find this out before...but still..great discovery..this share should be around 30p.....I would never have guessed a 9p drop from 29p in the same day....ridiculous....

RF this is i believe from a good source?
cyril

Whole lot of news building up here which will be released in good time. Reserve numbers for ZM, BOR and UTS will be near 100MMb. Pressure readings have been taken at UTS so they know oil Api and potential flow hence why they have run production casing and announced the well as a significant discovery. If the rest of the 80m column flows as per the 16m interval (which they must think it will as the 16m told them enough to get on with the rest of the drilling without further logging) then 100MMb will be conservative. I think there are still doubts about what's really happening from those who have been in for a long time but the company has the bit between it's teeth now. New broker coverage not forthcoming yet and price will be held for a while. Interesting there has been no immediate broker comments after the UTS drill, unlike those with the other drills.

Don't know why but MXP has spiked this am,took the opportunity to sell and in doing so a resonable profit.
cyril

Seem to be a lot of good buying at the mo trades of 150000+ going through. Think I'll hang on for a bit.

Yes plenty of action,moght take out another position if it drops below 20p,to take it past the testing period?
cyril

I'm convinced that the sp will rise as we get closer and closer to testing....

And up she goes...just has to climb...

Can't make up my mind whether to hold or trade these. Probably should do both. Sp is all over the place.

sold out at 22 and was hoping for a 17-18 to get back in.

http://www.energy-pedia.com/article.aspx?articleid=142239 27 Sep 2010

Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, has announced that it has executed a drilling contract with Sun Drilling for a second rig capable of drilling to 3,600 metres. The ZJ-40 rig will mobilise to drill the ASK-1 exploration well on the Asanketken Prospect on Block E, and is expected to commence drilling activities on or around 30 November 2010. The Z-J40 rig will then be utilised in conjunction with the ZJ-30 rig to drill additional exploration and development wells in the Company's ongoing post-salt drilling programme

www.centralasia.rencap.com/download.asp?id=11667

Time the sp rose....

StockMarketWire.com
Max Petroleum starts drilling at SEKW-1 exploration well.
[The Company has commenced drilling the SEKW-1 exploration well on the Sekir West prospect in Block A, the seventh of 13 post-salt exploration prospects scheduled to be drilled by the Company on Blocks A&E. The total depth of the well will be approximately 600 metres, targeting potential Jurassic and Triassic reservoirs. In Block E, the Sun Drilling ZJ40 drilling rig has arrived on location to drill the ASK-1 well on the Asanketken Prospect, but commencement of drilling activities has been delayed by the contractor until early January 2011 pending the arrival of certain additional equipment required to drill the well. In addition, the Company has issued tenders for a drilling rig with a 7,500m depth capacity and for other long-lead items in preparation for evaluating a Type II pre-salt prospect in mid-2011.]

Buy now... cheap as chips.

The Company has commenced drilling
but commencement of drilling activities has been delayed by the contractor until early January 2011

Which of these statements is correct??

Judging by the performance of the sp, delayed. I think sp will drift a little further, so not going to top up yet.

forget that just read latest rns......emu