Max Petroleum Share Discussion Threads

[jotoha2] 05/2/2015 08:20

Hidden....if it gets above 2p in the short term , then maybe we will have a bit of a run!

[edgein] 04/2/2015 14:30

Libra,

Well when you look at what they're getting 1/2 the production and 1/2 the reserves for their £37m investment its quite good value. That cash injection also opens up the possibility of FFD but also the possibility of finally completing NUR-1 (potential into the hundreds of mmboe). Imo the 1.64p investment is still a good deal on their part. Sure the share price has fallen with the oil price (although not recovered with the recent oil price rally). MXP quite similarly to FRR and JKX are just over sold with solid assets and production. I cannot see either side backing out of the current deal, we as investors just have a remarkable opportunity at the current price. £12m cap is just insanity for 4000bopd and 10mmboe, it'll rebound like JKX its only a matter of time imo. Just imagine if they say they're fully funded and ready to progress NUR-1 to TD! ;) Bank renegotiated (covenants etc) just need the Kazakh's to agree to the massive local investor and we're off to the races imo.

Regards,
Ed.

[librag] 04/2/2015 10:35

Quick question. Is the 1.6p per share guaranteed or can the Kaz family back out? It seems to me they can and that this is priced to fail at such low oil prices. I appreciate that the oil price rising is good but is it good enough? Thoughts?

[hiddendepths] 03/2/2015 21:47

psst! No-one's looking but this is set for a bit of a run. Buyers gently picking up stock and once the seller is done, it's heading north. Keep it quiet!

[jotoha2] 16/1/2015 09:34

100% correct in that article, the market in oil prices has been orchestrated by the yanks , but they will not be able to control it long term , so buy buy buy oil companies !!!!!!!!!!!!!!!!!

[sleveen] 15/1/2015 17:23

direct link

[ntbb] 04/1/2015 21:22

hxxp://oilpro.com/post/9347/oil-price-decline-unsustainable

[ntbb] 03/1/2015 00:49

Interesting trades today

1,062,500 Buy at .94p

[ntbb] 24/12/2014 11:25

just me loading up, once the deal goes through I think futures bright for mxp

[hondo7] 06/12/2014 17:51

Good grief! As I said, enough! Take a deep breath and let it out slowly. You will feel better for it.











good

[hondo7] 06/12/2014 17:51

Good grief! As I said, enough! Take a deep breath and let it out slowly. You will feel better for it.











good

[richgit] 05/12/2014 09:10

hondo7

If 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

[hondo7] 04/12/2014 21:34

Oh, for Heaven's sake. Enough!

[7767] 04/12/2014 08:24

With an accepted rescue package in motion and improved production surely at these levels this is a stock to buy in anticipation of an oil price recovery???

[richgit] 03/12/2014 09:20

There is a reasonable logic-though logic does not always work,that the Kazakhs
are well aware of what is really going on in the Oil price War.

I doubt they wish to see their producers obliterated in this what may prove to be longer term- false Market- and eventually prices far higher due to this
possible Politics price War.

The original idea was to keep Oil prices at reasonable levels to avoid any damning price levels in the future,as all know the US Shale Oil game starts
to eventually decline rapidly from a peak.

The idea of to hell with the future and manipulate the present is of course the
disastrous game plan all our inept Masters are following,and then they want to bury us in inflation.

If money printing doesn't create their inflation- then watch out for soaring
commodities instead !!!



Let`s see what the Kazakhs come up with to nurture their Oilies.

Saudi-with ironically agreement from Putin,have basically thrown down the challenge to the US to "let`s see what the true World Oil situation is !!"

[lightfield] 03/12/2014 07:51

O/t Transformational news out regarding GKP. Should be todays biggest riser.

[bigsi2] 03/12/2014 07:51

Too much uncertainty buried in thereA sell IMOLet's see what market thinks

[dipla] 03/12/2014 07:14

Great Rns, will we see a rise

[ouidois] 01/12/2014 21:07

the 51% Kazakh "owner" is very secure but as for the rest - I doubt it. Guess it was the plummeting oil price turned the predator into an angel and the funds have decided to take a bath like the punter PIs on the Am I Mad investment market.

[ifyes] 01/12/2014 13:48

What more we need to see to say mxp is secure.

[ouidois] 25/11/2014 17:53

so who promised the 38% and can we assume no further news until the vote except for random minor changes to holdings?

[edgein] 13/11/2014 10:36

HD,

Yeah agreed that MXP has a high level of debt which they intend to pay back $6.something million per Q. the cost cutting they were to impliment would also cost some too. But the underlying assets and production and certainly healthily cash flow +ve at present. Of course they need to be to meet overheads and the repayments, but certainly look capable in their current form let alone getting production up to 5000bopd. Most of their assets are already at FFD as 3/4 of the $100m turnover was from export oil. I can see why the Kazak investor wants in here on the cheap though, once the debt is cleared the quality of the assets should provide strong free cash for years to come. Certainly the £37m/$60m cash injection will be transformational for operational activity and debt repayment. Even have £10m to spare to buy back shares too it seems. Imo the AGR investment will be the start of the turnaround here, once complete makes these look crazy cheap at today's price. For example if the share price stays the same the cap would be £46m with twice the shares in issue, but the cash would have increased by £37m and the debt would be easily managable. I agree too that the local investor will be a bonus when dealing with the local authorities. MXP would be 51% a Kazakh owned company.

Regards,
Ed.

[hiddendepths] 13/11/2014 09:00

Ed - unlikely to find much time today to respond properly so this will have to do. The main financial problem that Max has had and still has is demonstrated in recent cashflow statements. Operational cashflow will continue to fall if they continue to defer development expenditure - partly because of lower oil prices and partly the inevitable fall in Zhana Makat production. In essence this is why I was so negative on the company for so long. Without a white knight, the company would fail to meet its commitments and would almost certainly be stripped of its License, except maybe for ring-fenced FFD fields. With a KAZAKH white knight, a more lenient approach by the authorities is likely.

The whole picture changes with £37m cash and that is why I bought into the shares when the proposed deal was announced. Without a deal, the company is essentially bankrupt: with one, it is worth substantially more than both the present price and the 1.64p that the rescuers propose to pay.