Mayan Energy Share Discussion Threads

[astralvision] 07/11/2017 22:03

Sounds like a 10 bagger for starters, not too shabby.

[pjt105] 07/11/2017 22:01

From the operational update RNS 19 Oct
Eddie Gonzalez, Managing Director, said: "The initial results at the Stockdale Field begin to validate our new strategy and asset focus, which is firstly to acquire underperforming assets in Texas and Oklahoma, and then enhance production by applying the expertise of our new team and the specialised technology we now have at our command. With operations at Forest Hill Field now underway and work due to commence shortly at Zink Ranch and Shoats Creek, this is an exciting time for the Company. We are well on our way towards becoming a cash flow positive company with a healthy balance sheet and new growth opportunities appropriate for Mayan."
Sums up the new strategy really well - to me they've discovered a very nice niche market at a good time with the price of oil rising.

[euclid5] 07/11/2017 21:50

Keya, I did read the BN recently - didn't see a 7p - 10p TP


Taken from pg 22

combined valuation

We have sought to adjust for risk in selecting to use the NPV(12) figure of US$35.75 million. Based on the number of shares in issue (733,643,627) following the placing that was announced on 8 th August 2017, this equates to 3.77p per share

hxxp://www.alignresearch.co.uk/wp-content/uploads/2017/09/Mayan_Energy_Align_Research_September_2017.pdf

[graylyn1] 07/11/2017 18:34

For new or potential investors

EDIT: ( not sure if this is recent commentary or not )
Shoats Creek
Shoats Creek is Mayan’s highest priority upstream project due to the significant number of low risk, low cost initiatives identified by management as having the potential to add significant production and value. Mayan’s confidence in Shoats Creek’s company-making credentials was strengthened with the successful drilling of LM #20.
Following positive testing periods, management is planning to bring additional existing wells back online following low cost modernisation initiatives. The Company also plans to monetise the untapped natural gas opportunity present at the licence by gaining access to a natural gas line. This would create an additional revenue stream from the field.”


Maybe they will keep and develop Shoats Creek, I think we are close to an update re LM#20 now that the storm has passed.

[patientcapital] 07/11/2017 17:42

NPV could be over 5p @ 70 bucks(3.68 * 70/50 crude calc)

[patientcapital] 07/11/2017 17:40

Especially with this on the cardshttps://www.bloomberg.com/gadfly/articles/2017-11-05/opec-is-already-thinking-about-70-oil

[mostyn] 07/11/2017 17:38

When the Align Research Report was written oil was $49 per barrel (report p14) so this looks even better.

[turbotrader2] 07/11/2017 17:01

When is the crufts competition this year because this surely is the finalist
Seriously though I cant believe people get excited bu Aims biggest placing producxer

[ianbag] 07/11/2017 16:43

Closed on days high, on high volume, above 0.4p - should be good tomorrow - would not surprise me to see this gap up by 0.2p tomorrow

[ianbag] 07/11/2017 16:39

Worth noting that CERP is c. £40m on about 400 bopd currently - albeit with a plan to advance that with the water flood.

[astralvision] 07/11/2017 16:37

Think that overhang may have gone now.

[astralvision] 07/11/2017 16:36

Align note here, for info

[keya5000] 07/11/2017 16:33

euclid if they are doing 1500 BOPD at the end of 2018 I expect that.

Read the Align note.

[ryan83] 07/11/2017 16:32

lol Sigora

[sigora] 07/11/2017 16:31

ryan , keya sorting them out in corner of playground lol

[euclid5] 07/11/2017 16:29

7p - 10p gives a market cap of £53m - £73m, we are £3m now

1,700% increase in market cap at £53m

[ryan83] 07/11/2017 16:26

This is a new strategy, with new BOD, new assets, new tech.

Shame some on LSE are so hair brained.

MrMagic, Labrat - go and take a seat next to VX Randal, the GEO troll at 8p.

[astralvision] 07/11/2017 16:24

I like your targets, keys5000

Looks like will top 150m shares traded today, word is getting out.

[sigora] 07/11/2017 16:24

.4199 paid

[ianbag] 07/11/2017 16:21

The Align target of 1.6p is conservative - if the team deliver here to the potential highlighted in terms of production - then $30m (£23m) market cap is more like it so circa 3.2p per share - albeit many months away yet.

[astralvision] 07/11/2017 16:18

still cheap as chips.
wait till this one really catches on.

[dave4545] 07/11/2017 16:17

Chart-gap up/sentiment/volume/

Has all 3 for now.