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

Thank you Pond life for your response to my question.

buyers coming back!.

dodgy or what!

MXP suspened, click HERE for the news.

Anybody know what has gone wrong?

From what I can ascertain - having read thruogh 4-500 posts over the road on advfn - the CEO and COO have possibly been involved with an Australian miner seeking to break into Kazahkstan and could have received some options for their efforts. This could just be a conflict of interest story. In any case, the word is that ongoing company operations are unaffected.
Clearly unsettling though, and I'd rather it hadn't happened. After a rocky ride this last month, a suspension and whiff of wrong doing are not what we need.
Confidence could take a battering. Let's see how the story unfolds and how long it's going to be before the shares return to trading.

This must have something to do with the run up in the share price and subsequent precipitous fall.

Stay out until it all becomes clear by the look of it. ;-))

The best remedy is to actually pump some oil.

................ and far too few of these little outfits do, halifax.

To survive they all must. ;-0

Max Petroleum suspends two directors, trading halted in shares
Thursday, September 6, 2007, 08:00 AM


Events at Max Petroleum (AIM:MXP) appeared to take another turn for the worse this morning after the company announced that it had suspended Chief Executive Officer Steve Kappelle and Cheif Operating Officer Ole Udsen. The company said both directors were being investigated for potential breaches of their employment contracts involving undisclosed receipt of share options. The company added, rather worryingly, that the investigation "will not be limited to these matters". Shares in Max Petroleum were suspended pending a further announcement.

Today's update follows a massive drop in investor confidence in Max Petroleum, which was forced to issue a statement on the 17th August denying any knowledge of why its share price had suddenly collapsed 100 pence from a peak of 215 pence.

Interestingly, Kappelle is also Honorary Australian Consul for the Central Asian republic of Kazakhstan.

MXP has four oil and gas exploration blocks in the former Soviet Union state of Kazakhstan, and is a favourite amongst AIM private investors speculating in the oil and gas junior sector.

***ALERT Max Petroleum Trading Suspended***
The Company announces that it has suspended its Chief Executive Officer, Steven Kappelle, and Chief Operating Officer, Ole Udsen, pending an investigation into potential breaches of their employment contracts involving the undisclosed receipt of share options. The scope of the investigation, however, will not be limited to these matters.

The Company announces that it has suspended its Chief Executive Officer, Steven Kappelle, and Chief Operating Officer, Ole Udsen, pending an investigation into potential breaches of their employment contracts involving the undisclosed receipt of share options. The scope of the investigation, however, will not be limited to these matters.

benrgood ..
Old news !!

Max Petroleum PLC
14 September 2007


Max Petroleum Plc (the 'Company')


Update on Internal Investigation and Suspension of Trading


14 September 2007

The Company announces today that the Channel Islands Stock Exchange has
suspended trading of its 6.75% convertible bonds due in 2011 pending results
from the Company's ongoing internal investigation into the undisclosed receipt
of share options previously announced on 6 September 2007. The suspension of
trading of the Company's convertible bonds is not a result of any finding made
as part of the inquiry. The investigation is progressing and the Company will
update the market at the appropriate time.


Enquiries:

Max Petroleum PLC Michael B. Young
Chief Financial Officer T: +44 (0)20 7355 9590

Peter Moss T: +44 (0)20 7355 9590
Investor Relations Manager

Merlin PR Tom Randell/ David Simonson T: +44 (0)20 7653 6620

WH Ireland Ltd James Joyce T: +44 (0) 20 7220 1666

This news was what brought MXP down from 200p to 100p earlier in the month. It was kept undercover. When MXP comes back, it will go down as shareholders have lost its trust in MXP.

In my view hlyeo, it depends on what other news MXP chooses to release when trading resumes. If it is just an internal issue over options and a board room battle, then any positive update on the operations front could outweigh negative sentiment. We might see a drop initially as weak holders make for the exits, but in my view this will provide others with another opportunity to top up cheaply.
The oil hasn't gone away and at $80 the demand is still there.

I do not understand the latest RNS released:
D-Bank has a notifiable interest of 10,026,688 million shares 3.09% as at 13 Sept 07.

RNS on 5th Sept stated DB has no notifiable interest in MAX.

If the shares are suspended how can DB deal in this? Any thoughts?

Institution to institution,

There's nothing to stop you selling your share certificates to a friend.

If you could find a buyer..................

So who sold/lent and at what price?