Mayan Energy Share Discussion Threads

[fairenough11] 10/4/2018 16:10

Just need Eddie now to announce an increase in production and that will light the blue touch paper imo.With Oil at $64.50+ all past indications will be beaten.

[spagnolia] 10/4/2018 15:54

Oil moving up nicely...calm before the storm!!

[113mike] 10/4/2018 10:35

Reminder from the recent RNS...Eddie Gonzalez, Managing Director, said: "While the last few months have seen a larger than expected number of lost work days due to unanticipated levels of precipitation, we used the time well completing upgraded production facilities at Forest Hill Field to support the aggressive development drive we are pushing through in Q2. The solid production we announce today is an important milestone for Mayan, representing the first sustainable, diversified, internally generated cash flow base the Company has had. The stability and financial flexibility resulting from having a significant volume of daily production will facilitate continued development of our assets with additional wells and production to be added at Forest Hill and Stockdale in coming weeks."

[keya5000] 10/4/2018 08:15

I think the main base is tightly held and there is a small amount floating trading the news which they often clearly telegraph in the RNSs.

If I was the company I would be more tighter in the dates given, the traders expected a spike Monday morning on the Stockdale news hence Friday buying and Monday sell off when the news did not come through.

The volume was light though so likely a bit of sustained buying and this flipping back and forwards will be complete.

[highly geared] 09/4/2018 17:19

A bizarre share at times; either too many short term traders or a background seller of size dumping into any rise.
The production numbers need to do the talking, so down to EG to bring home the bacon...

[113mike] 09/4/2018 16:59

disappointing day...was looking to see consolidation building on Friday's strength! oh well! keep the faith as they say!

[tidy 2] 09/4/2018 08:26

Full ask paid on NEX.

[tidy 2] 09/4/2018 08:19

First buy of the day.

[tidy 2] 09/4/2018 08:14

So CEO bought at 0.89 0.6 & 0.3. Gives confidence to investors.

[highly geared] 09/4/2018 07:46

Mayan’s business model is based on low overheads / lifting costs and will be profitable at <$50 WTI. With WTI at $62 and seemingly in this range as a new level, any oil extracted will be generating very good margins. Any further rise will go straight to the bottom line.

Also expect an update on Asphalt very shortly...

[highly geared] 06/4/2018 16:36

Tidy. Agreed. MYN should reasonably be at £20 million M CAP by summer. Once Asphalt moves toward 5000BOPD in 2019, MYN contribution over 400BOPD from that alone (for doing nothing....).

It's easy to see MYN at 1000 BOPD net within 12 months. 350,000 annualised = $21 million gross and c $15 million net ex G&A. Provided the wells are sustainable you'd expect a £50 million MCAP or 4.2p/share in 12 months...

[tidy 2] 06/4/2018 16:30

Very good cheers. Angs £24m cap with 216 bopd. Myn has long long legs.

[highly geared] 06/4/2018 16:22

No
4 Forrest Hills wells are tied in , 187bopd gross, 98 net to MYN.
4 additional Forrest Hills well to be tied in , est. 4 weeks , subject to works/ approvals.
The above combined is likely to provide 350bopd gross with 200 net to MYN.
8-12 new workovers to commence this Quarter; assume 8 , and extrapolate as above, by summer , we should be looking at:

- 16 production wells
- est. 700bopd gross
- est. 400bopd net to MYN

By summer we’ll also have Asphalt contribution of c. 85bopd equivalent.

That gets us to c 500bopd.

That’s 150,000 barrels annualised at c. $10 million gross and likely $6 million profit ex G&A.

We should see double the current share price by July if progress is made.

[tidy 2] 06/4/2018 14:46

Is today's volume 187 bopd with an increase of 98 bopd over the next few days it is the 187 including the 98?

[113mike] 06/4/2018 14:44

#Myn set to hit 300/500bopd target in the near future as more wells come on line in the coming DAYS/WEEKS.The CEO's AIMS are 100% aligned with shareholders as he has massive skin in the game.Very rare on #AIM.Incredible activity/newsflow to come for a Mckcap of £9M.#BEATTHEHERD https://t.co/j3oDO963qA

[tidy 2] 06/4/2018 14:34

Do we know the exact bopd they have atm?

[113mike] 06/4/2018 14:22

Just as well I added again yesterday and the day before :)

[someuwin] 06/4/2018 14:21

Will be over 2p at some stage. Now is the time to be adding.

[113mike] 06/4/2018 13:58

RT AlignResearch "Looks like a semblance of sensibility returning re Mayan Energy #MYN stock price. Had dialogue with CEO Eddie yesterday and it seems he is ready to move up a gear re delivery. Happy holders."

[tidy 2] 06/4/2018 13:42

Comparing Angs which is cheap. Myn seems to trump it £24m cap v £9m cap with similar prospect but Myn has more production which is due to increase as soon as next week. Good buy here.

[highly geared] 06/4/2018 11:23

Yep, new tax/ISA year today as well.

[andrzejs1] 06/4/2018 11:17

seller out

[fairenough11] 05/4/2018 13:37

Eddie says NO PLACING NEEDED.MORE WELLS COMING ONLINE IN THE NEXT COUPLE OF WEEKS AS MYN edges towards 300/500bopd target as cash generation increases a pace.
Incredible value at £9m Mckcap and then we have Asphalt Ridge(Petroteq/Deloro/Myn)on top,plus our stake in Block Energy which should list in the near future,although with the delay you can't rule out a T/O there.MYns stake in Block Energy should show a substantial profit as Oil prices have surged since Eddie bought his stake.

All good imo.

[cahus] 05/4/2018 12:01

Copied from LSE:Petroteq - Press yesterdayPetroteq Energy Inc.?s (TSX.V: PQE) (OTCQX: PQEFF) Proprietary Oil Extraction Technology Favors the Environment April 4, 2018 ?While investors have historically been skeptical of oil sands mining, Petroteq?s technology evolves oil sands mining to a much cleaner, safer and environmentally friendlyextraction method,? Sealock said in an interview. ?Petroteq intends to make a positive impact in shaping Utah?s energy future, setting environmental stewardship standards to ensure earth, water, and air are properly managed and sustained for future generations. As Petroteq executes its lean project execution model, leveraging Blockchain, for cost leading and environmentally friendly development of our resources, the Company is committed to safe and reliable performance at all levels of the organization.? Petroteq?s Asphalt Ridge property in eastern Utah has already produced approximately 10,000 barrels of oil using the company?s unique continuous-flow oil extraction process, which utilizes environmentally friendly, closed-loop technology. Expansion plans to increase the oil plant?s production capacity to 1,000 barrels per day are complete ( and Petroteq managers expect this Utah resource to be highly profitable. ?Petroteq?s culture, the DNA of the Company, has been guided by our Chairman and board members,? Sealock said. ?Although times, and markets, change, Petroteq?s focus on integrity, transparency, and open communications that create collaboration and coordination, are our strongest asset. My mandate is to maintain our growth strategy, adapt for the times and new markets, but keep the DNA intact. Petroteq offers an exciting investment opportunity, with the team, resources, and production profiles that have the potential to achieve optimal production for decades to come. Milestones like the completion of our 1,000 barrel per day commercial facility and the progression of EPC to ensure that our 5,000 barrel per day facility is operational in 2019, positions Petroteq to offer shareholders and our partners tremendous growth.? https://www.networknewswire.com/petroteq-energy-inc-s-tsx-v-pqe-otcqx-pqeff-proprietary-oil-extraction-technology-favors-the-environment/