MAX PETROLEUM - The Birth of a Giant

This one looks like a ground floor opportunity on potential Mega fields.

The only other way to get this type of exposure is either off shore which is very expensive and slow or in big political risk countries such as Iraq.

MXP looks like the cheapest "Big bet" around and if they start by adding some low risk production to cover G&A expenses they are going to have a line of potential partners and the funds to drill these properties properly.

Conoco Phillips is paying $18 a barrel for Burlington, within a few years Max may well be that $30bn acquistion! The hunger for big oil finds is just going to become instatiable.