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

www.centralasia.rencap.com/download.asp?id=11667

Time the sp rose....

StockMarketWire.com
Max Petroleum starts drilling at SEKW-1 exploration well.
[The Company has commenced drilling the SEKW-1 exploration well on the Sekir West prospect in Block A, the seventh of 13 post-salt exploration prospects scheduled to be drilled by the Company on Blocks A&E. The total depth of the well will be approximately 600 metres, targeting potential Jurassic and Triassic reservoirs. In Block E, the Sun Drilling ZJ40 drilling rig has arrived on location to drill the ASK-1 well on the Asanketken Prospect, but commencement of drilling activities has been delayed by the contractor until early January 2011 pending the arrival of certain additional equipment required to drill the well. In addition, the Company has issued tenders for a drilling rig with a 7,500m depth capacity and for other long-lead items in preparation for evaluating a Type II pre-salt prospect in mid-2011.]

Buy now... cheap as chips.

The Company has commenced drilling
but commencement of drilling activities has been delayed by the contractor until early January 2011

Which of these statements is correct??

Judging by the performance of the sp, delayed. I think sp will drift a little further, so not going to top up yet.

forget that just read latest rns......emu

Extension of Blocks A&E Licence Exploration Period
15th December 2010

Max Petroleum Plc, is pleased to announce that the exploration period of the Company's Blocks A&E Exploration and Production Licence (the "Licence") has been formally extended until March 2013 by the Ministry of Oil and Gas of the Republic of Kazakhstan. The Company operates Blocks A&E through its wholly-owned subsidiary, Samek International LLP.

StockMarketWire.com
Max Petroleum plc narrowed its loss and reported a 20% rise in revenue for the six months to September.

Loss for the period was $13.3m, compared with a previous a loss of $113.9m which included $101.9m of non-cash charges arising from restructuring of the group's borrowings.

Operating loss was $5.5m against the previous $1.9m, including exploration and appraisal costs of $5.2m, previously nil. Revenue rose to $24.7m from $20.6m.

Total sales volumes of 378,000 barrels of crude oil were down 6% from 401,000 bbls in H1 2009. The average realised price of $65.21 per bbl was up 27% from $51.51 per bbl.

Net cash generated from operating activities fell by 16% to $3.4m from $4.0m.

The group said current production of around 2,000 barrels of oil per day was generating more than $4.5m of revenue each month.

It planned to increase near-term production by working over two wells currently offline in the Zhana Makat Field in December, as well as bringing up to seven new wells online by March 31.

The group said it had the potential for significant growth over the next 12 months based on continued drilling of its post-salt exploration portfolio, appraisal and development of existing shallow discoveries, and drilling of a deep Type II prospect in mid-2011.

had these at 16p and sold at 21p now back in at 17p and up to 18p so far.....lovely.,.

mxp 12 month sp target 4.23

see link : http://uk.finance.yahoo.com/q?s=mxp&ql=1

Very nice if it happens.,.

Forecast price on Selftrade is 34p, which I think is a little bit more realistic, though 423p would be pretty awesome.

and they're probably in the sale at 75% off in selfridges!

Well its starting to fly.....3 drills early in Q1

good, cos i've got a few and hadn't noticed

hope you guys had a good day today - jan a very important month for mxp - gl and sorry ref des to any that hold - the bod at dees imo are worse than useless - 8 years - no oil - i hope if anyone on a loss at des that it either recovers - 1 drill left and some interest elsewhere, a t/o or are able to make up losses elsewhere

Confirmation of Uytas Oil Discovery

* Initial results from cretaceous reservoir in uts-1 discovery well indicate 55

metre oil column

* potential oil in place for the Cretaceous reservoir is estimated to be between 85 and 135 million barrels of oil

Sp all over the place. In auction atm.

Phoned up 1st thing was offered 28.3p,which of course i turned down.