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MAX Petroleum - A Giant in the making (MXP)     

Pond Life - 23 Oct 2006 13:40

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

Chart.aspx?Provider=EODIntra&Code=MXP&Si

TANKER - 02 Feb 2012 09:06 - 641 of 695

harry i no nothing about face book not on it .
surely these young kids are under age and the law says that they are not old enough to be responseable for there actions till they are 18. surely the law protects them
or i am i wrong i thought you had to be over 18 if you see what i mean

HARRYCAT - 02 Feb 2012 09:17 - 642 of 695

Part of the facebook terms:
"For content that is covered by intellectual property rights, like photos and videos (IP content), you specifically give us the following permission, subject to your privacy and application settings: you grant us a non-exclusive, transferable, sub-licensable, royalty-free, worldwide license to use any IP content that you post on or in connection with Facebook (IP License). This IP License ends when you delete your IP content or your account unless your content has been shared with others, and they have not deleted it........When you delete IP content, it is deleted in a manner similar to emptying the recycle bin on a computer. However, you understand that removed content may persist in backup copies for a reasonable period of time"
One other thing I have seen is that under 13's are not permitted to use Facebook, but that is not checkable by them, so the poster has to agree first that they are over 13. It seems that the onus is on the poster to declare the truth, not on Facebook to check.

TANKER - 02 Feb 2012 09:22 - 643 of 695

thanks harry . but 18 is consent .

HARRYCAT - 02 Feb 2012 09:26 - 644 of 695

For social networking, I am not so sure. But even if that were the case, the parents would then become liable for their children falsifying info when they signed up. Very tricky area of the law.

niceonecyril - 12 Feb 2012 05:37 - 645 of 695

Harry a post from an ex oil analyst whos views u rated very highly.Not back in yet but sorely tempted as i see a chance of v/large discovery?

I don't know. It is distinctly possible. Many successful deep wells pass through several hydrocarbon zones before getting anywhere near the primary objective. This is often a positive sign because if the primary objective is full to spill point, the excess will tend to move upwards, filling up other traps as it does so. So early signs of oil or gas in the cores significantly increase the likelihood of a good find.

It wouldn't necessarily move 10-20% at this point either. It depends on how widespread the rumour is - if there is any such whisper, about which I have no idea.

markymar - 20 Feb 2012 15:22 - 646 of 695

Having a good run today,its back on watch list.

grevis2 - 21 Feb 2012 00:15 - 647 of 695

MARKET REPORT: Max Petroleum gushing aheadBy Geoff Foster

Last updated at 10:00 PM on 20th February 2012

Comments (0) Share
Mad Max Petroleum was the red hot speculative stock as the slick oil sector continued to blaze a trail on takeover hopes.

Also helping the bullish mood was the strong oil price, which surged to a nine-month high above $121 a barrel after Iran said it halted exports to British and French companies ahead of a European Union embargo starting on July 1.

Shares of the Kazakhstan focused oil explorer gushed 3.25p, or 29.55 per cent, to 14.25p on rumours of a possible £354m or 35p a share cash bid from the bigger Zhaikmunai (0.1p dearer at 11.4p), which is based in north-western Kazakhstan.


Max’s share price got ahead of itself in 2007 and touched 200p-plus on hopes for substantial upside in Kazakhstan. But bulls didn’t take into account how long it would take for its projects in the area to bear fruit, while the credit crunch made the funding of its projects extremely difficult.
The shares have rallied from a bombed-out 52-week low of 2.6p as more optimistic news of its operations in Kazakhstan has prompted growing speculation that a major would come along and swallow the company at an attractive low price.

Gulf Keystone Petroleum gushed 14.25p more to an all-time high of 425.25p as speculation intensified that either Exxon Mobil or Total would soon launch a knock-out cash offer for the Kurdistan focused oil company. Up for sale Cove Energy advanced a further 7.75p to 156.75p on Anadarko bid hopes.
More...FTSE CLOSE: Greek bailout hope and rising oil prices help drive market up

Cameroon-focused oil company BowLeven, which soared 62 per cent on Friday following a bid approach from Dragon Oil (16.5p better at 563.5p), touched 138p but was then hit by profit-taking to close a penny off at 119p.

Nautical Petroleum advanced 18p to 352.5p as buyers responded to a WestHouse Securities strong buy recommendation and target price of 550p. Reflecting the strengthening oil price, BP traded above £5 for the first time since the Gulf of Mexico oil spill disaster. It touched 503p before closing 10.3p higher at 499.25p. Tullow Oil jumped 35p to 1601p.



Read more: http://www.thisismoney.co.uk/money/markets/article-2103890/MARKET-REPORT-Max-Petroleum-gushing-ahead.html#ixzz1myF2PrlN

geri - 21 Feb 2012 09:18 - 648 of 695

with oil prices rising are potential gold mining shares undervalued.....

grevis2 - 21 Feb 2012 15:09 - 649 of 695

Max Petroleum (MXP.L/AIM/£144m)
todays Merchant Securities Lunchtime Wrap

The Max story was mixed during the course of 2011, ending on two sour notes. The Asanketken well (ASK-2) failed to encounter a viable Triassic reservoir (9 December 2011) and the second well drilled into the Sagiz West field was a dry hole (28 December 2011). These failures on important wells had significant and negative implications for our target price which was brought down to 25.2p (from 35.2p) the note is attached. Moreover, Max announced its Trial Production Project was extended another three months (16 December 2011), which may be indicative of political challenges. But, the stock really started to rally over the past few days (up 40% since end Jan) as traders speculate that it will be the next E&P (after the recent Bowleven M&A activity) that MXP will be next. A quick reminder of the story...

- 2 Strikes, but still not out: After the company had 2 high profile shallow well failures (Asanketken Triassic and SAGW-2), the company’s share price performance will be dependent on the deep well prospect.

- All eyes will be on the Emba-B: This is a huge deep prospect, one that is a potential game-changer for the company profile. The relative importance of pre-salt success has increased significantly, and the first deep exploration well (NUR-1) is expected to produce results around April 2012. A depth of 4,200m has been reached.

- What is in the target price valuation now?: For discovered assets – Zhana Makat 7.1p, Borkyldakty 0.6p, Sagiz West 3.3p, Uytas Cretaceous 1.2p, Uytas Jurrasic 1.7p, Asanketken Jurrasic 2.0p and East Kyzylzhar 2.3p. For Main undiscovered assets – Emba-B (dev2 only) 6.3p.

- Emba B has a 29% chance of success. Success would be worth circa 30.8p from a small fraction of the upside (does not include the de-risking of other prospects). 29% x 30.8p = 8.9p. The share price is circa 10.25p. For investors managing exploration risk via diversification, this is looking like good risk/return.

The high profile failures, plus political risk, will have deterred non-holders from revisiting the story. But, the potential upside from the pre-salt deep well results at the start of Q2 means Max is worth doing some work on. The numbers have been pulled back to conservative levels, and the target price of 25.2p is underpinned by the discovered assets (18.2p of target price). Forgetting bid spec, the story of Max Petroleum has yet to be fully written, we believe there could be a happy ending. BUY




HARRYCAT - 27 Feb 2012 09:19 - 650 of 695

StockMarketWire.com
Max Petroleum has announced an operational update on the results of the SAGW-3 appraisal well and progress with drilling operations at the NUR-1 well on the Emba B prospect.

Michael B. Young, President and CFO, commented:"Even during the worst Kazakh winter in over fifty years, we have been able to maintain our drilling and production operations with limited disruption thanks to the professionalism and hard work of our personnel on the ground.

"We are excited to see the successful result in the SAGW-3 appraisal well which has drilled as expected and now confirms the discovery made by the initial well in the field and we look forward to results of NUR-1 in the next few months."

required field - 04 May 2012 21:36 - 651 of 695

Everbody (including myself) is watching the "Foilkies" shares but this little gem could hit the big time with this deep well that is nearing completion....wondering if they have hit something as this is almost the only blue apart from TRP in the oil sector......been in this for what seems years waiting for some action....

markymar - 14 May 2012 07:35 - 652 of 695

Successful appraisal well at Asanketken Field





14 May 2012



Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that the ASK-J1 appraisal well in the Asanketken Field has reached a total depth of 1,378 metres with electric logs indicating 36 metres of net oil pay. This includes 27 metres of high quality net oil pay in five zones at depths ranging from 1,240 to 1,321 metres in the same Middle Jurassic reservoirs that were proven productive in the first two wells drilled in the Field. Reservoir quality appears excellent with porosities ranging from 18% to 33%. In addition, there appears to be a shallower productive section in the Middle Jurassic which has not been encountered previously in the Field. These new reservoirs occur at depths from 1,069 to 1,090 metres, and include a total of nine metres of net oil pay in three zones with porosities ranging from 18% to 29%. The Company is running production casing in the well, which will be completed and placed on test production. The Zhanros ZJ-20 rig will now move to drill the ASK-J2 appraisal well in the Field.

required field - 14 May 2012 09:17 - 653 of 695

Not many people watching this but this company is starting to pull in results !....

hlyeo98 - 22 Jun 2012 07:37 - 654 of 695

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces an operational and financial update.

The Company has experienced further delays drilling its NUR-1 well and as a result does not expect to reach total depth of 7,250 metres before August 2012. The delays largely result from the drill string becoming stuck in the top of salt in April 2012 at a depth of 5,718 metres. After side-tracking the well and setting casing at 5,681 metres, the Company drilled ahead. However, progress was slow as the Company drilled alongside the stuck drilling tools. After clearing the old wellbore, the well reached the Kungarian Salt on 19 June 2012. Due to encountering anomalously high pressures, the drill pipe has become stuck again at 5,722 metres, despite using the higher density mud specified for penetrating this section. Operations are now ongoing to increase the mud density further, free the stuck pipe by dissolving the salt with fresh water, and continue drilling through the salt to the next casing point at 5,900 metres.

Assuming near-term success in freeing the stuck pipe and normal operations going forward, the total costs for the NUR-1 well are now expected to be approximately US$43 million, with expected forward cost of approximately US$10 million. The Company will announce when it has resumed drilling ahead through the salt and, subsequently, after setting its next string of casing below the salt above the prospective pre-salt section.

In order to allow completion of its exploration drilling programme ahead of the expiry of the exploration phase of its Blocks A&E Licence in March 2013, the Company is working with its senior lender, Macquarie Bank Limited, and has initiated discussions with a number of providers of debt and equity financing, regarding the provision of additional capital. These discussions to date have been impacted by market conditions, as well as recent regulatory changes in Kazakhstan that currently prevent the Company from completing a conventional equity offering. The current outstanding balance on the Senior Credit Facility is US$54.2 million out of a total borrowing capacity of US$58 million through to 30 June 2012. The Company and Macquarie Bank Limited will review the borrowing threshold as part of their semi-annual budget review under the Credit Facility, as well as monthly amortization payments beginning in July 2012. In the absence of additional funding the Company may have to significantly curtail its intended exploration activities.

hlyeo98 - 22 Jun 2012 07:46 - 655 of 695

Moody’s cut Sydney-based Macquarie Group Ltd. (MQG) and Tokyo-based Nomura Holdings Inc. (8604) one level each. Nomura is the lowest rated of the 17 firms at Baa3, one grade above junk.

hlyeo98 - 22 Jun 2012 08:09 - 656 of 695

Huge crash at MXP now.

required field - 22 Jun 2012 08:12 - 657 of 695

Overdone ......not good.....but I reckon it will refinance itself.....

hlyeo98 - 22 Jun 2012 08:18 - 658 of 695

How do one refinance itself if it is in debt with cap in hand?

required field - 22 Jun 2012 08:26 - 659 of 695

2 caps

required field - 22 Jun 2012 08:27 - 660 of 695

Picked up some at sub 4p.....
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