Mayan Energy Share Discussion Threads

[sigora] 07/11/2017 16:16

some very informed posters now in here allways reassuring

[cashandcard] 07/11/2017 16:09

Just bought another chunk under .40p. Very cheap with news on rework and stimulation activities around the corner.



"-A workover rig is now onsite and will begin production stimulation procedures today

-Initial results are expected week commencing 13 November 2017"



Cash

[tomboyb] 07/11/2017 16:07

Online can not buy a bean -

Always good to follow those that have put a big wedge in -

1000bopd plus targeted -

[someuwin] 07/11/2017 15:59

Align Research liked the co so much they bought 3% on 23rd October...

Align Research‏ @AlignResearch ·

As we say on the tin - "we eat our own cooking" - … Expecting a multi-bag out of Mayan Energy #MYN #OIL

[astralvision] 07/11/2017 15:59

sounds good, thanks ryan83

Someone earlier on this thread talked about a gap to be filled, looks like starting to fill that gap, I make it around 0.47p to fill it.
No expert on charting, but I know charty types set great store in this?

[ryan83] 07/11/2017 15:57

Dr Kahn - check his history, he builds oil companies. 10kBOPD that's the last one!

[astralvision] 07/11/2017 15:55

yup, Kahn has a lot of relevant industry knowledge, £250K of his own money in tells me all I need to know re his confidence.

Anything sub .4p is almost stealing, and I ain't saying it's expensive over 0.4p, far from it.

[tomboyb] 07/11/2017 15:53

I think that 1.6p is def achieveable -

That is if Dr Kahn has anything to do with it and it is in his vested interests too -

To a significant tune as well -

[astralvision] 07/11/2017 15:48

Well, Align's initial target of 1.6p certainly gives plenty to go for.

[westmoreland lad] 07/11/2017 15:44

Just picked up 2MM. MK Cap far too low if these wells come in as predicted.

[cashandcard] 07/11/2017 15:42

Bought some more. Getting upto 1m shares.

Cash

[astralvision] 07/11/2017 15:38

nearly 120m traded (inc NEX), not bad and underpins the move.IMO

[oilbuy] 07/11/2017 15:36

Savage buying here

[tomboyb] 07/11/2017 15:19

I'm following DR Kahn as well -

250ks worth of shares no small feat -

[someuwin] 07/11/2017 14:18

Eddie Gonzalez, Managing Director, said: "These are exciting developments as we initiate our planned workover and well stimulation programme ahead of schedule with results expected before the end of November. Exceeding expectations on timing of initiation of this programme is testament to the execution capabilities brought to Mayan by our new technical director Dr. David Kahn who is being instrumental in transforming our assets as we look to build production and cashflow. The strong initial performance of the first well underlines the potential of Forest Hill and with the recovery in the oil price and the resultant increased margin, I am looking forward to reporting regularly as we complete the stimulation operations."

[mostyn] 07/11/2017 14:16

Over 100 million shares traded so far today - LSE and NEX combined.

[cashandcard] 07/11/2017 13:55

someuwin,


Agreed. £10mln is a start given many aim companies offer little more than potential and are valued way in excess of that. If they are able to rework and successfully stimulate some of those wells increasing production and reserves/resources with the new kit, it definitely requires a rerating.


Cash

[someuwin] 07/11/2017 13:48

Added more today.

The story here is compelling for a sub £3m company.

Will surely get to a £10m+ valuation before too long.

[mostyn] 07/11/2017 13:31

It's worth noting that the Align Research target was based on a lower oil price than the current price.

[x54v] 07/11/2017 13:03

"Looks like Mayan Energy #MYN overhang been chewed through. Looking for the re-rating to begin in earnest."

[dave4545] 07/11/2017 13:03

I've bought purely on the chart nothing else.

Big gap up if it clears 0.4p, the hype on drill results just might help that happen.

[x54v] 07/11/2017 12:55

1.6p - that sure is a load of upside...

"at the current price we remain highly positive and encouraged with the progress and reiterate our Buy stance on the stock with an initial price target of 1.6p"

[brasso3] 07/11/2017 12:50

More than 10% of the share capital changed hands so far today. I think any overhang from the placings has now passed.

[astralvision] 07/11/2017 12:31

could be last chance to buy ultra-cheapie shares? They could move from ultra cheap to dirt cheap!