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

In the long term MXP has been a disaster.

Talk of a 2p placing soon can see that happening.

No point in buying atm.

That doesn't mean that you will pick them up at that price...if so it will not remain so low for more than a day.....I will buy some more at that price...

Just had a look on What's hot and they say sell.......due to difficulties in raising money......not good at all.....have to say that T1ps,com and What's hot aren't getting much right at all now......endless tips with not much gain for the last few years.....yet the sites are very interesting.....just difficult times....promised a lot this company and now...not so....until things are settled will just hold.....I hope I don't have to put this down as a bad loss......

good luck rf.

mitzy(670), this maybe of interest?..

"regulatory changes in Kazakhstan that currently prevent the company from completing a conventional equity offering"..

So would'nt have thought that a placing at 2p looks on the cards..

Thanks for that .

Another 10% off.

Lack of funding will spell further disaster.

Could well be correct the end game is 0p but they maybe lucky with their drill.

If MXP is lucky, then that's the time to buy, otherwise I'll stay clear as they haven't got anything to show but bad news.

I'm looking for 2p before I buy.

It will be less than 2p when they are desperate for cash.

On the move again, 2p....... twerp.,.

Max Petroleum Plc

(the "Company")



Drilling Update



11 January 2013



Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the TOLW-1 exploration well on the Tolegen West prospect on Block E using Zhanros Drilling's ZJ-20 rig. Total vertical depth of the well will be approximately 1,600 metres. The Tolegen West prospect is a four-way anticline targeting unrisked mean resources of 8 million barrels of oil in Triassic reservoirs.

Not good.

came out of this pile of st*t with £13 profit last jan.,.

lol.

Got some ealier as the news sound good ............

MXP says ZMA-E7 to be producing as soon as practicable

Max Petroleum said the ZMA-E7 development well in the Zhana Makat Field has reached a total depth of 997m, encountering hydrocarbons in Jurassic sandstone reservoirs in line with expectations.

"The Company plans to complete the well and then place it on production as soon as practicable," the company said.

The Zhanros ZJ-30 rig will next be mobilised to the Zhana Makat main camp where it will be stacked. The cost of stacking the rig is expected to be immaterial and it will ensure the rig is ready to drill the ZMA-E8 well once regulatory permission to drill the well is granted, expected in Q3 this year.

The estimated total cost to drill the ZMA-E8 well is less than US$1 million, in line with other wells drilled at Zhana Makat, and will be targeting a potentially significant extension of the Zhana Makat Field to the south east of the existing appraised area.

Volume picking up as is share price

A late push at the end after the normal retracement at luch time