Max Petroleum Share Discussion Threads

[grumps] 05/6/2015 15:46

Waiting patiently for news. Do you have any up to date news ?

[hondo7] 04/6/2015 17:38

Where have you been for the last year?

[grumps] 04/6/2015 16:31

Does anyone know what is happening with MAX ?
Is the company still trading ?

[quinan] 01/5/2015 11:59

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.

[trjones2] 01/5/2015 11:44

sooner be in than out,after that rns

[hiddendepths] 01/5/2015 08:38

I don't have insider knowledge jotoha and wouldn't want it.

[jotoha2] 01/5/2015 08:25

HD your insider knowledge is truly amazing ,keep taking the tablets .

[hiddendepths] 01/5/2015 07:16

Still deadish then.....

[whoppy] 22/4/2015 09:31

Don't worry hd.
We know it's dead..lol..what we need to know is will it be revived. Thought you had some specific info with regard to the negotiations that is not public.

[hiddendepths] 22/4/2015 09:13

Yeah, yeah, have a go at me! Like it's my fault!

When it was announced that the new guys were coming in at a premium, I bought back in for the first time in a couple of years (since NUR-1 was drilling). It was not in a major way but not small either. When we had the RNS which sent the price spiralling down I sold out for 0.15p, taking around an 88% hit - painful but at least I got something back.

I used to work in the City and still have some good contacts. One simply told me in passing that he had heard that Max was dead. He is usually pretty good but I can't vouch for accuracy in this case. I just passed it on here in case anyone was interested. I didn't expect to get stick for it!

[ifyes] 17/4/2015 14:36

living with hope,

[jotoha2] 17/4/2015 09:29

HD has stated that he is heavily invested here , then again he will probably now tell us that he managed to bail out following city talk , you could not make it up!!

[whoppy] 17/4/2015 09:03

Care to elaborate hd?? or is that just careless talk in the city?

[jotoha2] 17/4/2015 09:03

Could we for the record have your source please .

[jotoha2] 17/4/2015 09:01

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

[hiddendepths] 17/4/2015 08:59

City talk is it's all over.

[hiddendepths] 13/4/2015 11:18

LG - Aye well. It was my big white hope for a 100 bagger (from 35p) in the early days and it's sad for me as I put heart and soul into marketing it. Got some of the big boys in as they became believers too. Leaves a rather stale taste in the mouth to see it on the brink (again). But it would be nice to put it behind me (finally) and move on.

[whoppy] 10/4/2015 14:14

I thought there might of been an admin RNS today seeing as it's Friday..but while it's suspended, it doesn't really matter what day news get's released. Not sure if the longer it goes on the better the news will be? If they are sorting out some sort of deal then it probably takes time... as opposed to pulling the plug.

[lord gnome] 09/4/2015 15:54

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?

[whoppy] 06/4/2015 21:32

Oil Surges on Signs of Growing Demand

By Timothy Puko

Oil prices surged to their biggest gain in nearly two months, buoyed by signs of rising demand in the U.S. and Asia.

Data provider Genscape Inc. reported that supplies in Cushing, Okla.--a key storage hub and the delivery point for the benchmark U.S. futures contract--fell by nearly 300,000 barrels between March 31 and April 3, according to a broker. Cushing supplies are at a record, and this is first time those stocks have seen a drawdown in Genscape data since early December, the broker said.

The data added to momentum for bulls who have been betting rising demand and other factors would reverse a monthslong decline in oil prices. Markets had already been primed for a rally from news over the long weekend that saw Saudi Arabia raise its official crude oil selling price for Asian buyers and the dollar edging lower in value, both boosting hopes of increasing international demand for oil.

Light, sweet crude for May delivery settled up $3.00, or 6.1%, to $52.14 a barrel on the New York Mercantile Exchange. It was the U.S. benchmark's biggest day of gains since Feb. 3 and its highest settlement since Feb. 17.

Brent, the global benchmark, settled up $3.17, or 5.8%, to $58.12 a barrel on ICE Futures Europe. It was Brent's biggest one-day percentage gain since Feb. 3 and its highest settlement since March 26.

Many have been betting that oil storage at Cushing could near capacity in part because it hasn't had a week of falling levels in official government data since late November. The U.S. Energy Information Administration will release its official storage data on Wednesday.

Demand has been strong enough to buoy prices for gasoline and other oil-based fuels. The drawdown from storage in Cushing is probably a sign that more refiners are taking advantage of a buildup in oil stockpiles, buying at low prices and producing those fuels, said Tariq Zahir, managing member of Tyche Capital Advisors.

"The refineries have such great margins right now they have to do whatever they can to make unleaded gasoline," he said. "I see (oil prices) going lower. But for today, you can't fight this rally."

Markets had been closed for the Good Friday holiday, and opened higher on reaction to news from the weekend.

Saudi Arabia raised its Asian prices for May on the back of strong refining margins in the region and a strong Dubai crude price benchmark, Singapore-based traders said. While state-run Saudi Aramco Oil Co. raised price differentials for all its crude grades sold to Asia, it lowered most prices for the U.S., reflecting weaker Nymex crude prices and an oversupply in the U.S. market.

The dollar also influenced commodity markets, inching lower after Friday's weaker-than-expected U.S. jobs data as investors bet the Federal Reserve is likely to delay raising interest rates until later in the year. The retreat is undoing a dollar rally that has weighed on commodities prices in recent weeks. Oil is one of many commodities traded in dollars, making it cheaper for holders of other currencies when the dollar depreciates.

The dollar's turn, combined with a decreased number of drilling rigs, has many speculative traders targeting a comeback for oil, said Jim Ritterbusch, president of energy-advisory firm Ritterbusch & Associates. The U.S. oil-rig count fell for the 17th consecutive week, declining by 11 rigs to 802, according to Baker Hughes data.

Bulls are thinking that the dollar's depreciation could boost international oil demand and falling production could erase today's oversupply, Mr. Ritterbusch said. That makes oil an enticing way for some investors to diversify their investments for a shifting economy, he added.

"Oil is still going to be valued as an asset class," Mr. Ritterbusch said.

Finally, gains are coming as a rebuke against the snap judgments of last week's progress toward an Iranian nuclear deal, analysts said. Several of them have said that any deal isn't likely to send Iranian oil flooding into markets for months at best, allaying fears that a deal could quickly send more oil into an oversupplied market.

Morgan Stanley, Barclays, and Tudor, Pickering, Holt & Co. have joined Credit Suisse and FBR Capital Markets in saying that late 2015 or 2016 are more likely target dates for Iranian oil exports. About 200,000-300,000 barrels a day could slip into the markets in the near term, but a one-million-barrel increase is at least a year away, Barclays analyst Michael Cohen said.

Nymex reformulated gasoline blendstock for May, the benchmark gasoline contract, gained 4.6% to $1.8425 a gallon. Diesel futures rose 4.9% to $1.7643 a gallon.

[hiddendepths] 01/4/2015 06:36

That's old news - it's from the 20th March RNS.

[bogeybazaar] 31/3/2015 18:08

MAX PETROLEUM PLC provides update on financial and production situation
/KASE, March 30, 15/ – MAX PETROLEUM PLC (London), whose shares are officially
listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following
information statement:

quote

Max Petroleum announces that, following the suspension of trading in its
ordinary shares on the AIM market of London Stock Exchange plc on 2 March 2015,
it has continued to discuss an appropriate debt restructuring with Sberbank and
an equity investment from AGR Energy. In addition to a debt restructuring and
equity investment, the Company also requires bridge financing of at least
US$6.5 million to ensure the Company is viable for the period until the
regulatory and other approvals can be in place to permit the debt restructuring
and equity investment, if agreed.

The Company has been notified that its operational bank accounts in Kazakhstan
will be suspended as a result of non-payment of sums owed to the Kazakh tax
authorities. In addition, export sales have been halted due to uncertainty over
the Company's ability to guarantee future payment for transport and other costs
necessary to ensure delivery of such sales.

unquote

The said information is available on KASE website in Russian at
hxxp://www.kase.kz/files/emitters/GB_MXPT/gb_mxpt_reliz_200315.pdf

[2015-03-30]

[whoppy] 31/3/2015 09:09

If this goes into administration after all these weeks of negotiating then you have to wonder what was being talked about and why there is no agreement for a deal. I guess there are a number of parties that need to be in agreement, Sberbank, AGR, Kaz authorities. It's a bit like the Iran deal with the US..hopefully nearly there and the company can get on with paying back what it owes. I guess if payback was impossible through operating the assets, and revising the debt, then we would of found out a long time ago, and the company put into admin.