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

LOLarooooooooooooooooooooooooooooooooooooooooo

http://www.screencast.com/users/sniffer78/folders/Jing/media/3616c65e-cbcf-419d-a720-dbea114ef396

http://www.screencast.com/users/sniffer78/folders/Jing/media/2d80a0c0-eb7c-4ed6-93fe-d785f1a2ea30

http://www.screencast.com/users/sniffer78/folders/Jing/media/f7e931b9-84d3-472d-8dcf-1e1e051f6f8e

remember cash in the bank now in addition to oip et cettttttttttt errrrrrr rraaaaaaaaaaaaaaaa

Goldman Sachs - raise MXP to buy from neutral....just out

kerrrrrchinnnnnggggggggggggggggggggggggggggggggggggggaaaaarinnnnngggggggggggggg

*DJ Max Petroleum Raised To Buy From Neutral By Goldman Sachs

(END) Dow Jones Newswires

February 04, 2011 08:53 ET (13:53 GMT)

Copyright (c) 2011 Dow Jones & Company, Inc.

(END) Dow Jones Newswires

February 04, 2011 08:54 ET (13:54 GMT)

Drilling starts in august. That is way off in the future. Sideways trading for the next few months imo. I see no reason to get in yet.

Same thought crossed my mind, hope it'll drift back to get in later.,.

hc, bb - that certainly is an option and yep maybe sideways next month or 2, but when situations like this occur will not take much to push north quick (equally south!!!) as mxp a med to long for me the odd point or two either ay not a problem - but i would rather be in than put right now - and there are t/o whispers not right now but a few months down the line - but yeah why not good luck with your strategies chaps hope it works out ok - interesting times ahead next 3 to 9 mths

but i see mxp as much derisked now - & interesting gs rating which i consider on the low conservative side

another view from the other side............

'Well thats 5 of 20 exciting days gone in February for MXP share holders. It's really what we expected to happen this week with the placing and all good news for us as the next 12 months looks so exciting now.

You never know whats going to happen with these placing, but with the time from start to finish only a couple of days and the 17p being released for the new shares this is all a good thing for us long term holders in MXP. Also with the press releases from a number of sources now this is going to be an amazing trip for all MXP holders if you want this share long term. I don't see this share being at this price by the start of April as we will be building up for the deep drill in August and other finds could have been discovered by then. I think it could be in the 40's by then (just my thoughts) as the more press that is given to this share the higher it will go. It could fly in a couple of weeks time once this whole placing issue is in the open market. After that is anyone guesses because so many will want a piece of the action when building up to the big drill and the amount of oil that could be found. '

i would imagine 17p +/- 25% would be the floor here going fwd perhaps?

(BN) Max Petroleum to Use Cash From Share Sale to Drill 10 Oil Wells

Feb. 7 (Bloomberg) -- Max Petroleum Plc, the British oil explorer active in Kazakhstan, said it will use proceeds from a share sale to drill 10 wells in the former Soviet republic.

The explorer said last week it placed shares at 17 pence each to institutional investors to raise $85 million. Proceeds from the sale will be used to drill two deepwater pre-salt test wells and eight shallow post-salt wells, said Michael Young, the companys president and chief financial officer.

We are pretty confident of success, Young said by phone today. The potential is enormous. The exploration project will take about 18 months, he said.

Max Petroleum started pumping oil from wells in Kazakhstan in 2006. The explorer holds a 100 percent interest in Blocks A & E license area in the pre-Caspian basin in the west of the country, the second-largest former Soviet republic. The two deepwater wells will cost $30 million each and drilling will start in August, Young said.

To contact the reporter on this story:

Renee Lawrence in London at +44-20-7673-2090 or

rlawrence7@bloomberg.net

Drilling has commenced...

StockMarketWire.com
Kazakhstan-focused oil and gas company Max Petroleum plc has started drilling the ASK-1 exploration well on the Asanketken prospect in Block E.

It is the ninth of 15 post-salt exploration prospects scheduled to be drilled by the company on Blocks A & E.

The total depth of the well will be about 3,300m, targeting potential Triassic reservoirs.

yep good news - t minus 5 weeks lol!!!

From: http://shareroundup.com/2011/02/mxp-commence-drilling-ask-1-well/

Max Petroleum (MXP) has spudded its ASK-1 well. ASK-1 is the largest of Maxs shallow drills planned for 2011 and is targeting 50 million barrels of oil. Max has estimated the chance of success for the drill to be 48%, and a result is expected in about 5 weeks.

A positive result from the drill could be worth as much as 13p a share (50mil x $10 per barrel x 25% recovery factor / amount of shares in issue), on top of its current price of around 19p, highlighting the huge potential of Max at its current share price.

ASK-1 is one of eight shallow drills Max has scheduled for 2011, with a total 168 million barrels of oil being targeted. Max has also scheduled drilling on its much larger deep prospect Emba B for Q3 2011, targeting 593 million barrels of oil at a 29% chance of success. Max will then target a further 467 million barrels of oil at Emba A in Q1 of 2012, and the success of either of those could be real company makers, with a share price above 100p a distinct possibility.

Max recently acquired significant funding for these drills through a share placing, raising $85 million. The cost of the two deep drills alone is estimated to be $63 million, so the raising of this funding was vital and ensures that Max Petroleum shareholders can look forward to the possibility of a very profitable 2011.

RNS:

Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce that it has commenced drilling the ASK-1 exploration well on the Asanketken prospect in Block E, the ninth of 15 post-salt exploration prospects scheduled to be drilled by the Company on Blocks A&E. The total depth of the well will be approximately 3,300 metres, targeting potential Triassic reservoirs.

Drilling Update
17 February 2011

Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, today announced that it has completed drilling the ALTW-1 exploration well on the West Altykol prospect on Block E. The well reached a total depth of 1,947 metres without encountering producible hydrocarbons and will be plugged and abandoned. The Sun ZJ-30 drilling rig will now move to drill the ZMA-ET1 appraisal well testing Triassic reservoirs in the Zhana Makat Field on Block E.

MAX PETROLEUM - The Oil & Services Conference IX
22 February 2011

http://www.maxpetroleum.com/uploads/110222mxpenercomconferencefinal.pdf

Operating in Kazakhstan since 2005 with 134 employees in-country
Operator and 100% ownership of the Blocks A&E License in a world class Pre-Caspian Basin
Current production 2,100 bopd generating US$4.5mm in revenue per month
Focus on 2 core areas:
Shallow, post-salt: 7 prospects and 5 leads (low costs, low risk prospects with 9 50 mmbbl each)
Deep, pre-salt: 10 prospects and 5 leads (high cost, high impact prospects with 100 600 mmboe each)
US$38m spent to date on seismic (5,000km2of 3D and 2,091km of 2D seismic data acquired and processed) to derisk:
Post-salt unrisked resources: 155 mmbbl
Pre-salt unrisked resources: 4,386 mmboe
First broad use of onshore regional 3D technology in the Pre-Caspian Basin
Solid Foundation for Future Growth
3

et cetera

already invested here and will be adding as i can - not leaving till 1 + / expect 50p + by end this year imo

ppt worth a read - kerrrrrrrrrrrrrchinnnnnnnnnnnnnnnnnnggggggggggggggggggggggggggggggggggggg - LOL

Further to the announcements dated 2 February 2011 (the "Placing Announcement") and 4 February 2011, Max Petroleum is pleased to announce that at its General Meeting, held earlier today, the Shareholder Resolutions were duly passed and at its Bondholder Meeting, also held earlier today, the Bondholders approved the Bondholder Resolution.

The Company has raised approximately US$85 million (52.7 million) before expenses through a placing of 309,846,935 new Ordinary Shares to institutional investors at 17.0 pence per share and Admission of the Placing Shares is expected to take place and dealings are expected to commence on AIM at 8.00 a.m. tomorrow, 2 March 2011.

Max Petroleum Plc. is pleased to announce that it has commenced drilling the ZMA-ET1 appraisal well in the Zhana Makat Field on Block E. The total depth of the well will be approximately 1,450 metres, targeting Triassic reservoirs.

Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the ZMA-ET1 appraisal well in the Zhana Makat Field has reached a total depth of 1,472 metres, with electric logs indicating 22 metres of net oil pay in three Triassic sandstone reservoirs at depths ranging between 1,282 and 1,410 metres. Reservoir quality appears excellent with porosities ranging from 18 to 26%. These reservoirs were the primary objective of this well, which appears to have successfully extended Triassic production and reserves into the southern end of the Field.

The Company is running production casing in the well, after which the Sun ZJ-30 drilling rig will move on to drill the ZMA-ET2 appraisal well further to the south of the ZMA-ET1 well, attempting to further extend Triassic production and reserves in Zhana Makat. The Company will complete and test the ZMA-ET1 well using a workover rig over the next several weeks and will announce production test results as soon as practicable.

Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, announced today an operational update of its activities in the Blocks A&E Licence area in the Republic of Kazakhstan.

Narmundanak South
Drilling has commenced at the NARS-1 exploration well on the Narmundanak South prospect in Block E, the tenth of the Company's 15 post-salt exploration prospects. The total depth of the well will be approximately 1,700 metres, targeting Triassic reservoirs.

Asanketken
Drilling at the ASK-1 exploration well in the Asanketken prospect on Block E has been slower than expected due to mechanical problems encountered with the drilling rig that are currently being addressed. The well has not yet reached the primary Triassic target section between 2,800 to 3,250 metres, which the Company expects to evaluate in the next several weeks. The results of the well will be announced after the Company reaches its target depth of approximately 3,300 metres and logs the well. The Company earlier announced a Jurassic discovery in the ASK-1 well with 24 metres of net oil pay at depths between 1,230 and 1,302 metres.

Zhana Makat
Drilling at the ZMA-ET2 appraisal well in the Zhana Makat Field has reached total depth at 1,492 metres and is preparing to log. The Company has taken four 18m cores in the well.