Posts tagged "MXP"

MXP Announce Mobilisation of Deep Drilling Rig

Max Petroleum (MXP) today announced the mobilisation of it’s deep drilling rig for pre-salt exploration of the NUR-1 well on the Emba B prospect. Max has recently had success with shallow drills, adding around 40 million barrels of oil to its reserves, but deep drills like these are where Max’s true potential lies. Emba B...
MXP announce successful Uytas drill

MXP announce successful Uytas drill

Max Petroleum (MXP) announced today the success of its Uytas confirmation well. While this drill is far from MXP’s largest, it represents extremely positive news and should help the share price which has been hit hard by the US debt crisis. RNS: Max Petroleum Plc, an oil and gas exploration and development company focused on...
MXP Video Presentation

MXP Video Presentation

Max Petroleum (MXP) today released the video of the presentation it gave at the Oil Barrel conference on the 7th of June 2011. MXP’s share price has taken a hit recently due to unrest in middle east and some fruitless drills, but its ambitious drill schedule for the rest of 2011 could send the share price rocketing....
MXP commence drilling of ASK-1 well

MXP commence drilling of ASK-1 well

Max Petroleum (MXP) has spudded it's ASK-1 well. ASK-1 is the largest of Max's shallow drills planned for 2011 and is targeting 50 million barrels of oil. Max has estimated the chance of success for the drill to be 48%, and a result is expected in about 5 weeks.

MXP up 9.3% as the FTSE 100 falls 108 points

It was a good day on the stock market for Max Petroleum (MXP), but a bad day for pretty much everyone else.

MXP’s target price raised to 39p by Barclays

Barclay's has today raised its target price for Max Petroleum (MXP) from 33p to 39p.

MXP to start drilling by end of the January

Max Petroleum (MXP) is due to start drilling on its next 2 wells within the next 3 weeks.