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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Max Petrol | MXP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.16 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.16 |
| Top Posts |
|---|
Posted at 21/7/2016 10:52 by eswr MXP has gone into administration with a deficit for creditors (ie likely no recovery for shareholders). The main asset was sold in a pre-pack for $1m (but even after that there is still a deficit for creditors). So, end of the story with 0 pence outcome for shareholders. Sorry for all. |
Posted at 24/12/2015 15:15 by eswr If anyone wants to crystallise a tax loss on MXP I will buy 3.25m shares for £50. Drop me a text to 07770 740 610 and I will get it sorted out. |
Posted at 01/5/2015 11:59 by quinan I put this down as a complete gamble and bet so, but RNS has just made my gamble a little closer in paying a dividend. |
Posted at 17/4/2015 09:01 by jotoha2 RXP is having no problems with pulling in new money at the moment, just think what the share price will do if mxp gets new funding at 5p |
Posted at 09/4/2015 15:54 by lord gnome Hi HD sorry to learn that MXP is suspended. Is someone finally going to give it the coup de gras and put everyone out of their misery? |
Posted at 03/3/2015 10:27 by comedy jotoha...whats gone has gone...the boys who have pocketed cash to end up mxp here...will still want to ride the gravy train here again...if they kill mxp here none of the big boys make anymore cash on "promotion" to largest potential oil field here...so guess the deal has been done and they will rol it out..otherwise no need for suspension... remember play your cards right?? and you could stick?? so suspension is sticking...so why did they not suspend when the first bad news came??? and why suspend now??? all to keep the price under their control...if we were going to fall over they could easily allows us to trade and then kill us off in 1 go...so think i can see silver in those clouds:) |
Posted at 24/2/2015 16:47 by comedy well have to think if they kill mxp off then the list is endless of all the oil companies that will need to be killed off....plus by killing us off they have to book the loss of all the loans???have a feelng loans will be givena nd the new guys will come in and mxp2 will rise from the ashes.:) |
Posted at 09/2/2015 08:15 by edgein BigSi,Not necessarily, banks playing hardball with MXP unfortunately. From the last production update the company has opex of $35/bbl and producing at $70/bbl, now around $58/bbl export sales price. Operationally they're cash flow +ve. The debt renegotiation was part of the financing, had the bank agreed then AGR would have went ahead. As it stands it now requires short term dilution for this to occur as they're not generating $6m per Q for the debt repayments. I guess the bank can smell blood and can get hold of the 10mmbbls and 3500bopd and sell it off on the cheap. I guess AGR would be a buyer as they were preparted to invest $63m for half og MXP therefore $120m for 100%, obviously they'll get them for less if in liquidation. Definitely not looking good for MXP this morning, needs significant funding short term, $10m would keep the lights on till mid year but the oil price would need to recover or AGR make a move fast. Definitely high risk short term. Regards, Ed. |
Posted at 05/12/2014 09:10 by richgit hondo7If you have Oil investments,then you have to try and get a grip on what is truly going on. The West,with Saudi`s help,bankrupted the USSR using Oil. Is that the game plan ? yet this time not so simple as those years ago,as Putin has powerful Friends plus he makes Obama look a floundering fool. China now re-confirmed as the World`s biggest economy. We all know the Fed Manipulates everything on the Planet, whilst they can and Putin knows who is fraudulently hammering the Ruble and could retaliate in the financial game of chess. This Oil price War,if engineered by the US initially against Putin because of the sour grapes over Russia & China ruining US plans re Syria & Iran ,could severely backfire not only on Shale Oil but now quite blatantly will create more deflation. The US/$Dollar cannot possibly survive more deflation. If the US is shooting itself in the foot (again)then quite possibly We will see this price War reverse sooner than later. Like everything the Fed airbrush from false Emeployment figures to GDP,their reserves can drop at will- when they want. I am holding MXP because not only is it ludicrously valued,but I reckon Oil will rise again in 2015,yet meanwhile the Kazakhs quite obviously need to nurture the likes of MXP. As a Cat with 9 lives MXP has certainly used them up, yet this time We could have someone that will no doubt ensure MXP lives again. Let`s see if the Authorities show more support for MXP- and others,one way or another. IMHO |
Posted at 12/11/2014 08:47 by edgein Dosser,It should more than be sustained for those with the patience to hold. By next year the company expects to be on 5000bopd. Around 80% of that production is exported with very very healthy netbacks. Check the companies latest results for the price and costs per bbl and the significant cash that MXP generates. The $60m invested by the Kazakh investor will put MXP in a very very healthy position to get a farmout for the completion of NUR-1. Cap is just around £25m odd for 10mmbbls approx and 4000bopd (current, to increase in 2015 as mentioned). So cheap as chips. This large investor is gonna make a big difference even though MXP had a turnover of around $100m last year. Even with the 20% drop in the $103/bbl average they received they've just announced recently that another field qualifies for export. At around $80/bbl MXP is still a cash cow. Regards, Ed. |
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