Share Name Share Symbol Market Type Share ISIN Share Description
Max Petroleum LSE:MXP London Ordinary Share GB00B0H1P667 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.16p 0.00p 0.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 60.3 -43.0 -2.3 - 3.48

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Date Time Title Posts
21/7/201610:52Max Petroleum - Production and Massive Exploration Potential (moderated)32,054
23/3/201508:50MAX PETROLEUM-A MUST HAVE INVESTMENT864
25/7/201400:03wait & see1
22/5/201307:58'Return Of The Max'6,151
11/9/201213:25MXP You have been scammed AGAIN!42

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DateSubject
25/9/2016
09:20
Max Petroleum Daily Update: Max Petroleum is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker MXP. The last closing price for Max Petroleum was 0.16p.
Max Petroleum has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 2,175,305,483 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Max Petroleum is £3,480,488.77.
09/2/2015
09:39
hiddendepths: whoppy - true enough. The problem is that it's rarely the ordinary shareholders who win, although they did once. It's the banks who end up making the dosh. Macquarie bailed the company out and ended up making an excellent return even though the share price was pretty low when they were replaced by Sberbank. The difference between the two is that Sberbank, as a large Russian bank, is well-placed to use ownership of the assets to its advantage. Good luck to all who are sitting tight. You'll need it but if Max rises phoenix-like once more you may well have a multibagger. As Ed says, the assets are sound.
09/2/2015
07:38
soul limbo: ouch !! Edgein 4 Feb'15 - 14:30 - 31781 of 31788 0 0 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.
04/2/2015
14:30
edgein: 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.
13/11/2014
10:36
edgein: 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.
03/10/2014
14:11
hiddendepths: Hi 7767 - no comments because no-one knows what's going on! The institutions have an agenda for sure - but they're playing their cards close to their chests. Unlike 12bn, I don't generally post unlike I've got something to say and most holders here are the same, which is why the board is so thin. Mind you, there aren't many left. Most have been burned off by the management's wilful share price destruction of recent years. A few, like richgit, have stayed constant, looking at the very real value in the assets and the acreage and retaining a touching faith that the US board will get a grip at some point. Personally, I'm a lot more positive now they're being ousted because the assets really are quite impressive and someone ought to be able to put them to work to the benefit of shareholders.
01/10/2014
11:17
richgit: HD This is a Company still supposedly churning out 4000 bopd,and we assume another FFD on its way-currently valued at circa £80+ million including current debt. The only obvious/logical assumption is the 5pers want to see a far higher share price. Meanwhile the US and West play around with Oil prices, like so much else. If Oil breaks out a mere fraction of what Silver & Gold will, at some point, then... ? One thing is for sure, though the timing is elusive, that the $Dollar`s strength merely based on being perceived as the best of all the Major Paper currency trash cannot last infinitively - when so many know the US is as bust as France,Italy,Greece etc etc.
19/9/2014
16:29
7767: Cant understand why Ironside are selling their holding in Max from their fund at such a low value,when the subscription and stronger position of Max (if it goes through)should strengthen the share price in time???
04/8/2014
13:21
mydearwatson: hiddendepths/Kiwi: most of the E and A leads and prospects remain undrilled. Maybe the new 51% owner might add additional exploration acreage, and start off with a "producing explorer", which is (of course) a pretty rare beast? Maybe do a 1-for-100 consolidation, liked to an Open Offer, and get rid of the "telephone numbers share register" and the Penny Stock share price? Go again, and go respectable, in other words. The existing board would surely have to go...
20/4/2013
14:15
ldlv: From CitizenCane:"I will post interpreted charts over the weekend for observation. If you look over a 2 month, 3 month, and 6 month timeframe (longer & more reliable timeframe), at the moment the 20 MA followed by the 50 MA is currently back testing the 200 MA. This coincides with a complete Elliot wave pattern that commenced in December 2012. Because of an alignment of other bullish indicators, I estimate The next complete Elliot wave formation will at worst be as high as the recent completed wave (Dec 2012-Apr2013). The extended period of consolidation at 4p should be concluding. The test to 3.9p indicates to me that the bears are giving the MXP share price one final assault to test long term support. Note, this test also took place in Jan this year during corrective wave 2, around the start of the consolidation period, the fact we are now testing this very number (3.9p) again, indicates to me the bottom has been reached, consolidation has been concluded.Note the other trend indicators. At the moment they have emerged bullish. The MACD is unwinding, strength is returning, indicating the bottom has been reached. Buying has increased today, over 3 buyers to 1 seller. Volume bought – 1,352,446. Volume sold – 418,048. RSI is indicating MXP is heavily oversold. Moving averages are converging for a bounce off long term support.I surmise MXP has established trend reversal, at worst some sideways trading for a week or two. Some recent key points to confirm the Bullish reversal.1) Increased buying volume. Ratio today; 3 buyers for every 1 seller. 2) Established Golden cross; some say the most bullish of all trading indicators.3) Reduced MACD, signalling increasing strength.4) RSI indicator on the floor; heavily oversold.5) Long term Elliot wave complete (Mid December 2012 to Mid April 2013).6) Repeated failed attempt's to break through long term resistance (4p / 3.9p)7) Positive RNS's. Continued successful well campaigns.8) More producers coming online. More revenue generated.9) Clear mandate from BoD (Act sorted out), fully funded to realise long term expectations.10) Increasing Institutional holdings. (Keep an eye on D Bank)11) Many trading indicators connecting in harmony at the same time, this isn't coincidence, this is the "market" at work – cycling through points of financial maximum risk to points of maximum financial opportunity (MXP now at this point).I have witnessed with MXP and a few other listings, a "text book" human behaviour pattern; frustrations, impatience, anger, despair. Too often people see what they want to believe and not what is actually happening. Previous bad experiences clouding normally sound judgment. Emotions mixed with bitterness affecting decision making.........Yes, MXP has tanked. Some may have seen this coming. Some may have profited handsomely along the way. The irony is, all through this bear run institutions did not sell, rather they have been adding aggressively all the way down. Read the holdings RNS's to confirm. During this time MXP is now fundamentally better than it has ever been. Yet the small time p.i does not invest. Why? The institutions are happy to, Do they know something we don't? And is Anger, bitterness, maybe even fear holding you back."The tide is now turning; don't let those emotions of anger stop you buying back at the bottom. It is now trend reversal, and shortly the market will not stop this, why? The indicators tell me so, soon you will be buying MXP back at 8p if not higher. The market is driven by people, people by nature follow routines, whether they know it or not, they cannot help it. Let the trend be your friend.
19/6/2012
19:21
richgit: Jonblu. There is always good argument to take worst case opinon and work the multiple upwards. Of course we all know that if the stock price was 35p now they would all re-write that part and move their other targets accordingly,so you have to love all Analysts. I always considered Halyk the most pessimistic of the Me too`s,and since the note below they have become more bullish after the last drill result. Here they are putting forward the idea that traders would sell on a dud and bring the stock down further,though what has happened to some extemt is the traders are frozen in their boots and of course now due to Market events arguably even the Margin traders still holding MXP have sufficient Margin balance to avoid becoming forced sellers on a dud. Somewhat ironic We have no premium whatsoever for NUR-1 whereas some such drillers may eventually have a huge BIG drill premium that could turn to dust. However a reminder of their previous Buy note recently re-iterated at 32p without success at NUR-1 .......... HALYK FINANCE All eyes on the deep well Miramgul Maralova - March 14, 2012 On March 7-8, we visited Max Petroleum's producing Zhana Makat field, the deep NUR-1 drilling facilities at Emba B prospect and the recently discovered Asanketken field. Despite a 23% growth in the share price from the start of the year, we continue seeing an attractive investment opportunity in Max Petroleum shares and maintain our 12-month target price of GBp32 with a "Buy" recommendation. NUR-1 well: a major milestone Max Petroleum's first deep pre-salt well has reached at a depth of 5,530m out of the 7,250m planned, and we expect drilling results to be announced this May. Regardless of NUR-1 drilling results, the company will drill a second deep well. Should the company find oil at NUR-1, Max Petroleum will start drilling a second 'Type 2' (Emba A prospect) well to confirm the results. However, if the first pre-salt well is dry, the company will place the second pre-salt well at a 'Type 1' prospect (Kuzbak Deep). Unlike 'Type 2' prospects, those of 'Type 1' do not share similar characteristics and may require more wells to prove existence of commercially viable oil resources. The pre-salt drilling results will define the company's future. Should the company discover oil in its pre-salt assets, Max Petroleum will increase 2P reserves tenfold to 140 mmboe (we assume a 30% recovery rate of mean potential resources of 467mmboe). Strong downside protection from post-salt portfolio Max Petroleum continues active drilling of its post-salt portfolio. To date, the company has discovered six fields (Zhana Makat, Borkyldakty, Asanketken, Uytas, East Kyzylzhar I and Sagiz West) and boosted its 2P oil reserves to 13.3 mn barrels. We believe the next independent assessment report expected in 2Q2012 to upgrade Max Petroleum's 2P reserves by some 30-40%. This year, the company will drill six more exploration wells, which target mean potential resources of 59 mmbo with an average chance of success of 37%. We estimate that Max Petroleum's post-salt portfolio is worth GBp 12 per share, which is close to the current market price of the entire company (i.e. of both post-salt and pre-salt portfolio). Here, we note that should the pre-salt prospects not contain commercial amounts of oil, Max Petroleum will likely have to either refinance its debt or extend maturity of its existing debt, we estimate. An attractive risk-return tradeoff Taking into account that the value of the post-salt portfolio alone equals GBp 12 per share, and that the share price is likely to jump markedly should the NUR-1 be successful, we view Max Petroleum shares, which are currently trading at GBp13-14, as an attractive investment opportunity with a very strong downside protection. Should Max Petroleum find oil in pre-salt structures, the share price is likely to grow to at least GBp40-50 in a matter of days, we estimate. In the opposite case, we anticipate the share price to drop to GBp5-6 on the bad news and to gradually return to GBp10-12. In the latter scenario, we recommend investors who bought MXP at GBp11-13 to bring the average purchase price to GBp9-10 by increasing positions in MXP. This trade will help minimize their losses as the share price recovers to GBp10-12 over the following 3-4 months, we believe. Representatives of several London-based investments funds, which also took part in the site visit, share this view. Some of them even argued that investment opportunity such as the one presented by Max Petroleum with limited downside and high upside occurs quite rarely. We maintain our 12-month target price of GBp32 and reiterate a "Buy" recommendation.
Max Petroleum share price data is direct from the London Stock Exchange
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