Shares in Max Petroleum

thewinkshow

hello,

A very good (wealthy) friend has tipped me off regarding shares in Max Petroleum, MXP is the ticker name.
now I have never dealt in shares before and am looking for some advice from people here, anyone know how to deal in shares?

Is anyone familiar with Max Petroleum? My friend is very wealthy and has made over 300k in shares and various investments, and as such I was pestering him saying "how do you make money" any tips, he recommended MXP and said they are the share he is investing in at the moment.
apparantley they are a oil company and he thinks they will find oil soon and be worth quite a lot of money, i know its a gamble but he used to work offshore in the oil industry all over the world and still has many friends in the business, who I assume give him tips, I know it would be silly to take one mans tip alone, but he has told me of at least 5 other oil companies, and shown me his account where he has made massive gains, one of the companies he invested in was called Rockhopper and the shares went from about 40p to 4 pound this year. he thinks Max petroleum will be worth 3 pound soon, they are currently 20p

any wise old investors out there who can help me? if i open up an account will i get credit checked?

cashbackproblems

Yep Rockhopper made alot of people rich over night, i dont know about this company but have invested in mining companies and its always a gamble which has a small chance of a payoff (unless you know something the market doesnt), but if the price is v low and doesnt have much downside, no reason not to take a punt and he seems like he knows what hes looking for.

Maybe stick 1k or whatever u are prepared to lose on it?

cashbackproblems

have a read of this, seems like alot of interest in mpx which shows that theres a drilling or an update due..might look closer myself!

http://www.iii.co.uk/investment/detail?display=discussion&code=cotn:MXP.L&it=le

blinko

im interested in them too, but you sound totally new to this, i recommend p[utting 1k in and seeing how it goes,

its difficult to place stops losses on aim as the shares a re volatile so you gotta be prepared to lose,

put 1k in and blame your friend if it doesnt work out haha good luk

Shatners_Bassoon

Drilling Update
28 October 2010

Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the UTS-1 exploration well on the Uytas prospect in Block A has reached total depth of 827 metres. Electric logs and oil shows observed while drilling indicate potential pay zones in the well, including eight metres of estimated net oil pay in the Jurassic formation between 331 and 339 metres in depth, and six metres of estimated net oil pay in the Triassic section between 785 and 800 metres in depth. As previously announced, electric logs and pressure data also indicate an estimated 16 metres of net oil pay in the shallower Cretaceous section as part of a potentially significant 86 meter oil column ranging from 60 to 146 metres.
The Company expects to commence testing the well in approximately one month using a workover rig upon receipt of the required government approvals. After running production casing in the well, the ZJ-30 drilling rig will move on to drill the Sekir West prospect in Block A.
James A. Jeffs, Executive Co-Chairman, commented:
"We look forward to testing all three zones in order to verify commerciality of what we believe could be a significant post-salt discovery."

That was released a few weeks back and it did nothing to move the share price so success was factored into the SP already. It will head north on successful flow testing etc...

Good luck but 16m of net oil play is not a massive amount and there are better juniors to invest in imo.

thewinkshow

hello,

thanks for the replies, well I have 3k to invest so would be looking at putting this in.
looks like I need to find a dictionary because some of the terms used in the oil industry mean nothing to me - post salt, and net pay etc

Rockhopper was just one of the shares he made good money on, he also made some on one called northern petroleum some years ago.

he is getting very6 excited about max petrolem, but it will be just my luck, the one I choose to invest in is the one he gets wrong, he has told me about how volitile it all it, and how much u can lose.

but he thinks Max has great potential and can be worth 3 pound a share.

Shatners, if you dont mind me asking would you mind telling me what the better juniors to invest in? of course if you would rather keep it to yourself then thats fine, but I wouldnt mind having a choice for my first investment and if there are better potentioal than max petroleum I would like to look into it. thanks so much guys

Jake'sGran

A lot of the "in the know" investors are buying
Xcite Energy. Google the name and you will find a lot of information including LSE reports.
Also Berkeley Mineral Resources. There is a thread on this forum where these two shares are being discussed - should be easy to find.

blinko

does anyone know where to get a toplist for shares eg 1 month 4 month high etc thanks

thewinkshow

Hi Jake,

I have a look on the website iii at both shares, xcite and Max and Max does seem to have more potential from my novice point of view, i say this because both xcite and max have potential oil news, but the 52 week low for xcite was 35p in feb 2010 and its currently about 280p - so for me its already had its good run? and for me to double my money it would have to go to over 5 quid a share.
max on the other had used to be £2 a share a few years ago, and is currently trading around the 20-22p mark and has not had its breakout and big find yet - with news in the pipleine, it would only have to go to 40p to double your money, and imagine if max did what excite did and went to 280p?

is there not more upside in max becuase the share price is lower? to double or triple your money in xcite seems unrealistic the share price would have to got to 7 quid and it would be higher than BP then, so i think this is unlikley. - now getting in xcite around 35p would have been the trick, just the kind of levels max is now - is this the wrong way to view it? is my naivitey missing something out on my view of the share price comparison?

will look into red rock now.....and also hoping shatners provides me some better shares to look at than max, hey i might even end up making more than my friend who gave me the tip.

Shatners_Bassoon

thewinkshow wrote: »

Shatners, if you dont mind me asking would you mind telling me what the better juniors to invest in? of course if you would rather keep it to yourself then thats fine, but I wouldnt mind having a choice for my first investment and if there are better potentioal than max petroleum I would like to look into it. thanks so much guys

yes see the XEL thread and the post I made yesterday that lists my tips. I would not pull all 3K in one co. but spread it accross three or four personally.

thewinkshow

Hi Shatners, I may put half in MAx and half in xcite - what do you think of my analysis of the share prices, and max having more potential, or does it not work like that?thanks