Mayan Energy Share Discussion Threads

[cashandcard] 14/11/2017 14:52

After those selling are done, it'll move back towards 0.9p-1p.

The story is simple, this is a pure recovery play. After the recent rise, its still by and large one of the cheapest smallcap oilers listed in London that is having a rerate.

Marketcap of £5.5mln is absolutely nothing for a company heading for 300-500bopd near term.

This is the time to be accumulating before the next leg up. The opportunity to achieve medium/longterm multiples from current price is certainly there.


Cash

[someuwin] 14/11/2017 14:50

Buy on the dips.

[babbler] 14/11/2017 14:42

What you mean like zioc. Why do some carry on rising after news and others with low mcap drop. Especially when more news promised short term... Unbelievable. Only thing I can think 9f is placing.

[brasso3] 14/11/2017 14:36

The pullback was inevitable after a 150% - 200% rise.

[kingkongtimmo] 14/11/2017 13:53

These big rises have to have pullbacks on the way up, it's healthy. However if you look at BLU and IRR last summer, they pull back for a day then go again. UKOG this summer for further example. The bottom of the dip is today, IMO. Evidence says so. I'll add when I'm sure it's in

[letmepass] 14/11/2017 12:53

Sold out may buy back in after tomorrow's drop

[cashandcard] 14/11/2017 12:28

Just bought some more. This will make its way back up in due course.

Lots of activity, newsflow and oil production to come.


Cash

[babbler] 14/11/2017 12:20

Talk about commentators error lol.

[babbler] 14/11/2017 12:18

Settled here so good time to buy it seems. Orders filling flat line.

[113mike] 14/11/2017 11:54

Nice to have been able to top up at current levels!

[113mike] 14/11/2017 11:53

Topped up twice earlier today on the back of that news.. all extremely exciting imho!

[on target] 14/11/2017 11:48

Eddie Gonzalez, Managing Director, said: "The initial performance of the Gilbreath well at Forest Hill is excellent. Together with the Stockdale Oil Field, Morris #1 well, that we recently brought into production, the Well will make a useful contribution towards us achieving our 300- 500 bopd near term production target from our current portfolio of projects in Oklahoma and Texas. Importantly, we believe that these results bode well for the other wells we have identified at Forest Hill, and add support to our plans to restore and stimulate a further three Forest Hill wells to production before the end of the year. Taken as a whole, believe that these new developments and the plans that we have for the first half of next year, will enable us to shortly reach our goal of transforming Mayan into a cash flow positive oil and gas company. In light of the successful stimulation of Gilbreath #19, we are now evaluating the reserve potential at Forest Hill and I look forward to advising the market in the near future as to the size of this valuable resource, which we are confident will confirm the significant asset backing that is now behind Mayan."

[piperpeter] 14/11/2017 11:37

Medium term, cashandcard?

300-500 bopd 'near term' target mentioned twice in the earlier RNS.

:)

Pp.

[cashandcard] 14/11/2017 10:47

This will be back up, just need to get the sellers out the way.

Newsflow has started (not ended), there is more to come short from Stockdale and medium term across various assets.

Again, better than most smallcaps on LSE and actually producing oil - not just hyping prospective resources.

Target of 300-500bopd medium term.

Companies producing 300-500bopd ala ZEN and CERP (also engaged in workover programs) valued between £16-£40mln.

MYN still only valued at £6million - a huge value gap that will get filled in my opinion.


Cash

[tomboyb] 14/11/2017 10:11

Morning chaps -

I think after that RNS there was expected selling -

Whilst we await further updates -

[babbler] 14/11/2017 09:51

Seems there is a big seller taking advantage of news to sell. Once cleared can move up... May raid the sofa...

[inv] 14/11/2017 09:41

This will just go up and up! Should hit 1p by midday

[rmsl1] 14/11/2017 09:36

Amazing news with more to come from other sites :)

[rmsl1] 14/11/2017 09:35

Back up in no time ;)

[113mike] 14/11/2017 09:24

Topped this morn at .82.. see hoe it goes but hoping for multi bags in the next 12months

[rmsl1] 14/11/2017 09:21

I bought at .95 and believe this will easily go to 5p in the next 6 months.

[babbler] 14/11/2017 09:15

Trying to but bought at 0.98 stupidity lol.

[babbler] 14/11/2017 09:05

Ffs oh well.

[on target] 14/11/2017 08:56

Up from here for the rest of the day imo.