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MXP Max Petrol

0.16
0.00 (0.00%)
17 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Max Petrol LSE:MXP London Ordinary Share GB00B0H1P667 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.16 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.16 GBX

Max Petroleum (MXP) Latest News

Real-Time news about Max Petrol (London Stock Exchange): 0 recent articles

Max Petroleum (MXP) Discussions and Chat

Max Petroleum Forums and Chat

Date Time Title Posts
20/2/202014:33Max Petroleum - Production and Massive Exploration Potential (moderated)32,056
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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Max Petroleum (MXP) Most Recent Trades

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Max Petroleum (MXP) Top Chat Posts

Top Posts
Posted at 19/9/2019 22:59 by le mailot jaune
Why can't I see a price
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 14/8/2015 09:01 by whoppy
They seem to have plans for Max according to this.

Following completion of the Subscription, the Directors expect to work with AGR Energy to review the Company's business plan, Board structure and strategic and mid-term goals. The aim of the review is to enable the Board and AGR Energy to assess how costs can be reduced and operations and capital expenditure optimized, to maximise shareholder value going forward, considering the current fiscal and commodity price environment. In addition to assessing the current asset base, the review will also consider acquisitions of new assets that the Board believes are accretive and will enhance profits and value to the Company. It is AGR Energy and the Company's expectation that Kanat Assaubayev intends to remain on the Board and that Aidar Assaubayev will be appointed as a director of the Company upon completion of the Subscription Agreement. It is also the intention of AGR Energy and the Company that two Independent Directors will sit on the Board, as per, the terms of the Relationship Agreement.
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 06/4/2015 21:32 by whoppy
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.
Posted at 03/3/2015 08:22 by comedy
lol...think deal has been done..otherwise they would have allowed us to continue to trade and then announced we had fallen over...

why did they not suspend and then put out news on cash call???

reason they wanted share price to collapse and get the funds out..the share price fell as low as 0.1p and masterfund got out...my take is the share price has been allowed to fall so low as that will be the point they agree their new deals...reason for suspension we had already hit over 0.2p and they dont want it rising and spoiling the price the deal has been agreed with...and sherbank also know no one is going to to take mxp of their hands..but if they agree deal and agree warrants/options and start the 10billion boo then the share price will crack off and they will make their money back...otherwise the boys in the las vegas casino might as well shut this table down and the house also has to fold:)
Posted at 09/2/2015 07:38 by 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.
Posted at 04/2/2015 14:30 by 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.
Posted at 05/12/2014 09:10 by richgit
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
Max Petroleum share price data is direct from the London Stock Exchange

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