Mayan Energy Share Discussion Threads

[the deacon] 15/11/2017 17:58

According to sources claiming to be familiar with the matter, Aim-listed Mayan is on the verge of carrying out a £2 million equity fundraising and the deal could be announced in the next few days.One source said Mayan, which focuses on Mexico, is looking to raise the money around 0.6p a share, which would be a significant discount to the current share price.Betaville revealed in August that Mayan was working on a fundraising to raise £1 million and the transaction was subsequently confirmed.

[ssnichani] 15/11/2017 15:14

let me pass ZIOC but interesting chart there shows how big thee next wave can be here. If wee had a similar move we will be looking at 2.5p and tbh it is not out of the realms of possibilities once everything is pieced together.

[letmepass] 15/11/2017 15:03

ZIOC news coming

[tomboyb] 15/11/2017 13:21

Agreed Keya -

Which is why regardless of share price variations any further news to help will push the share price up much further -

You don't put in £250k for a laugh -

[keya5000] 15/11/2017 13:19

At least tomboyb.

500bopd and an updated CPR and its a lot higher than 12m mcap.

The revenues alone on 500bopd are $9m.

Look at the mcap of AST producing revenues of $300k per month.

This business looks to have the capability to scale up very quickly.

[tomboyb] 15/11/2017 13:16

1.6p+ by the end of the year if they can achieve 500BOPD -

[ryan83] 15/11/2017 12:59

looking better.

We are looking at another 3 wells by year end, in addition to three to be in production early December, so that's 6 wells at Forrest Hill.

Plus Stockdale Morris #1

Plus Zinc Ranch.

Lets see just how close we get to 500BOPD by the end of 2017 :-)

Happy days.

Forrest Hill reserve potential also to be released.

Forrest Hill
230 wells
IP rate 50+BOPD per well
80,000 barrels recoverable oil (EUR) which could potentially be much larger at 180k

At current prices $15 netback to MYN per barrel at circa $55WTI. Worth noting its circa $57WTI and that Forrest Hill actually receives a premium to WTI.

[on target] 15/11/2017 12:40

I'd buy them quick if I were you! For me it's NT only to buy.

[tomboyb] 15/11/2017 12:38

A bit more good news and this will be past 1p -

Kahn has an idea of what he is doing hence this could be one to simply accumulate -

[cashandcard] 15/11/2017 12:35

Excellent recovery this morning, i was expecting this. It has got very far to go yet. With activity and newsflow on multiple fronts, I'm expecting further updates shortly. In a marketplace valuing oil explorers up to £165mln, it's quite absurd this was £2mln a week ago. Still undervalued at current £6mln.Cash

[tel11] 15/11/2017 11:47

had funds yesterday, happy with what I hold

[babbler] 15/11/2017 11:43

Tel this morning was the time to top up at 0.7 when it dropped a further 10 percent.

[babbler] 15/11/2017 11:05

Should have done this yesterday. Percent wise...

[113mike] 15/11/2017 10:32

No ramp intended of course!

[113mike] 15/11/2017 10:31

Can it break 1p and stay there and then some more?Let's hope So! :)

[patientcapital] 15/11/2017 10:20

The 1.5 was a buy :)

[babbler] 15/11/2017 10:14

That's better.

[someuwin] 15/11/2017 10:10

Align have an INITIAL target of 1.6p

They also quote a Net Present Value of 3.77p

[jamdan1] 15/11/2017 09:58

No problem. Thanks Tel