"Открытие Капитал": Max Petroleum – 2H12 IFRS results review // ДЕРЖАТЬ
27 августа 2012 года
On 24 August, Max Petroleum (MXP) published its 2012 IFRS financials. Given that production is still in the early stages, the company’s financials are not yet meaningful. News on the downgrade of reserves, a decrease in the company’s debt limit, uncertainty with funding, and an increase in deep well costs makes the release negative for the share price.
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