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

yep good day again today - that rns a good 'un and i am hoping anywhere between 40 to 70p - depends how good!!

rf - good stuff - i have some of the other cos. you do, some of my others are rrl, rrr, sxx, skr, ggg, eo., cov etc and one to look out for mtv - already made a mint from that one - back in - contract news due soon - gl

one disaster - ntog!!! lol - low avg there thankfully but it never does anything - if it does it will be a big profit - my avg just over .4 there - i was expecting quickish 1 to 2p - not so sure now so just leaving it and hope for the best!! bottom drawer for ntog - will need to contact matt lofran again!

At leeast 30p witj this exciting news?
vyril

Drilling Update

28 October 2010



Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the UTS-1 exploration well on the Uytas prospect in Block A has reached total depth of 827 metres. Electric logs and oil shows observed while drilling indicate potential pay zones in the well, including eight metres of estimated net oil pay in the Jurassic formation between 331 and 339 metres in depth, and six metres of estimated net oil pay in the Triassic section between 785 and 800 metres in depth. As previously announced, electric logs and pressure data also indicate an estimated 16 metres of net oil pay in the shallower Cretaceous section as part of a potentially significant 86 meter oil column ranging from 60 to 146 metres.

The Company expects to commence testing the well in approximately one month using a workover rig upon receipt of the required government approvals. After running production casing in the well, the ZJ-30 drilling rig will move on to drill the Sekir West prospect in Block A.

James A. Jeffs, Executive Co-Chairman, commented:

"We look forward to testing all three zones in order to verify commerciality of what we believe could be a significant post-salt discovery."

Fantastic......looks like several commercial layers here....sp should wooshh up...and another new well to be spudded...things looking up here....

30p plus today I think.

MM's playing it cool,tried to sell some offered 26.75p,which i turned down.
cyril

Got some more at a tad under 26p....

Sp not responding to an excellent discovery....bizarre...

you mean you feel stiffed having bought "at a tad under 26"?

You mean you bought too soon??? ;o) Patience rf. This is not RKH or DES. Sp movement is actually related to reality with MXP.

That is my latest buy.....all others are way below....

I think it's the number of warrents out their which holds it back?
cyril

Still the same....this looks like a mini Shaikan (nothing on that size of course)....but 3 layers of oil.....3 discoveries in one well.....has to at least one of them to be commercial...and will mean redrilling a little bit further away for appraisal probably...

I can't believe this....3 zones full of oil and the sp drops.....ridiculous...

28/10/2010 10:07:34 MXP 21.13 L 200,000
That was a limit buy at 10.07 this morning, which is a bit bizarre as it's only 09.32 hrs!

To me this is now worth a minimum of 30p....and loads of drilling to come...I know there are warrants out there ...but still the same...

Caught me by surprise this drop....did not expect a rise to 29p followed by a drop to 20p on the same day of a discovery of triple column of oil in the same well...nuts !.

Unless of course they are doing a fund raising.

A bit fed up today...with this ...expected 30p....now I shall have to sit it out...it just could be the delay until the testing equipment arrives...but still the same....

Can you believe it tuned down 26.75p,thought it would recover to 30p+,only conselation is i bought at 17p. Whats gauling me is i intended to sel for a quick profit as it's not the type of share long term for me.I'll see how it does next week before dumping.
cyril