Mayan Energy Share Discussion Threads

[andrzejs1] 12/1/2017 09:19

well there is an oil and the board is 100 % sure about that .it is now just a matter of time to let it flow ..

[deanroberthunt] 12/1/2017 09:06

LOL, mug punters still buying this POS

[sorrento06] 12/1/2017 09:05

Wow, I was looking to buy earlier this week and got called into a meeting. Phew! Just bought in today! Looks like big sells are being picked up by buys at this level.

[toolsmoker] 12/1/2017 07:48

Lol they have money

[sleveen] 12/1/2017 07:41

Placing ahoy!

[glibgibon] 11/1/2017 00:14

Scyther, just lost my post so a brief summary of my thoughts.

No news for a while and definitely overdue in my opinion.
Fast Eddie may be keeping his head down until the 4 wells are complete that were part of the GCW agreement.

Gas line should be complete and linked to the grid - we are probably selling but have no idea of cost, price or volume.

Still no news on the Remediation Plant being completed, Pemex's LOI becoming something more or news on the potential JV with a major US company.

Oil price has been climbing all year (currently $53) - we get slightly more as our oil is Louisiana Light Sweet, but we also need to pay $5pb as part of our agreement to get SC. Gas also doing well at $3.24

It is entirely possible we are making good money and that SC is wiping its face, but until we get a RNS about progress we know nothing. Hope is not the best thing to rely on when investing but that seems to be all we have right now.

[toolsmoker] 10/1/2017 18:20

Hi john i made great money on mcc my average out was mid 30s and i held warrents Take a look at uru great assets and zorbas involved also multibagger defo

[scyther] 10/1/2017 16:12

Any views on progress so far?

[johndee] 05/1/2017 13:24

I hope you bought back MCC as the advice I sent you when it was around 8 pence. Now 44 pence.

[turbotrader2] 04/1/2017 19:51

Laugh all you like

[toolsmoker] 04/1/2017 18:30

Dont make me laugh

[turbotrader2] 04/1/2017 18:09

1st sept placing then 28th October placing now January Go figure

[toolsmoker] 04/1/2017 17:51

Thats the best they can do is say placing .company well funded now so no chance .buy buy buy

[cpap man] 04/1/2017 17:17

LOL they only recently had a placing!

[turbotrader2] 04/1/2017 17:13

Placing absolutely inevitable imho

[toolsmoker] 04/1/2017 14:15

News within the week guys get in under the placing priceFree money wednesday

[toolsmoker] 04/1/2017 13:37

And bid Keep up the scare tactics we all know this will be .20s very soon trading

[amoore70] 04/1/2017 09:39

Oh ffs, there is no helping some people.

[toolsmoker] 04/1/2017 08:01

Expecting news within the week .gas prices rising so all looking good

[qackers] 22/12/2016 18:32

From RRR annual report available on their web site. Looks like they are at least selling gas.

Page 6

"Project
Located in the SW corner of Louisiana in the United States, the Shoats Creek Field
was initially developed in the 1950s and has produced over 2MMBOE from numerous
horizons. The current development phase was begun by Mayan Energy (Ex-Northcote
Energy) as an operator in 2015 with one new infill well completed along with multiple
recompletions. With oil prices remaining buoyant and drilling costs having fallen
significantly the returns on capital employed in the project remain very attractive.

Red Rock Resources’ Interest
The Company has acquired a 20% working interest in the Lutcher Moore #20 well as
well as the future Lutcher Moore #21 and #22 wells. Red Rock has also participated
in the Lutcher Moore #19 recompletion and has had discussions with Mayan about
becoming a field-wide partner.
20% Working Interest In 3 Wells

Current Production

In early 2015 Mayan Energy drilled and tested the first well in the redevelopment
effort, the LM#20, which was a twin to the historical LM#16 that had been
a strong producer until it had to shut down prematurely as a result of mechanical
problems. LM#20 reported tested rates of over 250 BO and 500 MCF of gas per
day in early 2016. The LM#20 encountered 10’-12’ of pay with an estimated 20%
porosity and was perforated over a small interval from 5018-23’. By late 2016 a gas
line had been installed which enabled gas to be sold to market from the LM#20.

Development Roadmap

Following management changes at Mayan Energy during the course of 2016, the
Company expects development to proceed anew in 2017. Plans include moving to full
production on the LM#19 as well as multiple additional workovers where Red Rock may
choose to participate as well as the spud of the new LM#21.

[peterz] 22/12/2016 08:07

That would be excellent - on what basis Toolsmoker. Hope or some analysis? I am hoping (and holding 90 odd% down), for what its worth.