panto
- 10 Jun 2014 11:19
- 687 of 695
Volume picking up as is share price

panto
- 10 Jun 2014 16:33
- 688 of 695
A late push at the end after the normal retracement at luch time
cynic
- 10 Jun 2014 16:35
- 689 of 695
another gem you've dug out there, though of course it will still take several years (surely) to bring this well into production ..... and yes, i know you're only looking to ride the momentum fro a fairly short time
panto
- 11 Jun 2014 12:50
- 690 of 695
another good day with volume aswell and looking like is going over yesterday's 45m traded
cynic
- 11 Jun 2014 20:51
- 691 of 695
yes, though i also note it seems to have boiled over
good luck
HARRYCAT
- 03 Dec 2014 08:32
- 692 of 695
StockMarketWire.com
Max Petroleum has narrowed its H1 pretax loss to $0.76m, from a prior-year loss of $3.38m. Revenue was $54.1m, from $46.3m, more than offsetting impairment losses of $6.8m, from nil. Administrative expenses were notably lower, as were exploration and appraisal costs.
Operational highlights:
· Average daily production of 4,239 barrels of oil per day ("bopd") during the six months ended 30 September 2014, up 17% compared to 3,630 bopd during the six months ended 30 September 2013 and up 2% compared to 4,170 bopd for the six months ended 31 March 2014.
· Drilled four post-salt wells, including two successful appraisal wells at East Kyzylzhar I and a successful development well at Zhana Makat.
· Commissioned a new oil pipeline and associated terminal facility in June 2014 that has resulted in a reduction of transport costs of approximately US$4.0 per bbl for production from the Zhana Makat, Borkyldakty, Sagiz West and East Kyzylzhar I fields.
· Implemented a cost-cutting initiative to reduce corporate overheads, including headcount reductions, closure of the Group's Houston office and relocation of the London office.
· The Asanketken field was granted full field development status in October 2014, allowing the Group to export 80% of the field's production.
· The Sagiz West, East Kyzylzhar I and Baichunas West fields are on track to gain trial production status by mid-2015, allowing for continuous production from all wells at those fields, which is expected to bring on stream in excess of 1,500 bopd of production.
mitzy
- 09 Feb 2015 09:44
- 693 of 695
Hope nobody is holding here.
deltazero
- 09 Feb 2015 17:36
- 694 of 695
ditto mitzy
award for dog of the day perhaps
HARRYCAT
- 02 Mar 2015 08:13
- 695 of 695
Statement re suspension
Max Petroleum announces that, following its announcements of 9 February 2015 and 19 February 2015, it has requested that trading in its ordinary shares on the AIM market of London Stock Exchange plc be suspended pending the outcome of final negotiations with Sberbank regarding an appropriate debt restructuring and with AGR Energy regarding an equity investment that, together with the debt restructuring, would render the Company viable.
The Directors of Max Petroleum currently believe that there remains a reasonable prospect that these discussions could result in a sufficient refinancing of the Company and, on that basis, have not yet put the Company into administration.
However, in light of the protracted nature of the discussions as well as outstanding creditor payments, including a material amount that became due on 25 February 2015 to the Kazakh tax authorities and payable in early March 2015, there is now only a very limited period remaining to achieve such a refinancing. If current negotiations are unsuccessful, or if other events outside the control of the Company require that the Company ceases trading while such negotiations are ongoing, then the consequences will be negative for all stakeholders in the Company.
A further announcement will be made in due course.