Mayan Energy Share Discussion Threads

[fairenough11] 31/12/2017 10:24

Happy new year to all MYN holders.2018 should be a stonking year,right from the off.

[highly geared] 29/12/2017 10:05

Hopefully we’ll see Nymex hold around $60 for some time. This is probably $5 north of where most are basing their calcs but the leverage effect is significant; if Mayan get to 1000bopd then it adds c. £1.4 million to the bottom line and should add £10 million to the market cap. This is a steal at this price provided the workovers deliver in Q1.

[fairenough11] 29/12/2017 09:43

Piperpeter,

as far as I know it's a YES.Makes even more of a mockery of the £6.5/£6.8M Mckcap.

January should be packed with news flow so it's an easy ADD/HOLD for me.Luckily I have been able to add below the oversubscribed placing at .6p.

The fact that the Petro Tech IS proven MEANS THAT EXPECTATIONS AT MYN can be lifted HIGHER imo.

I think 2018 is gonna be a stonking year.

[ryan83] 29/12/2017 00:51

Pp the answer in short is yes. Have already said this

[piperpeter] 28/12/2017 20:50

That's the article I refer to in post 1376, fairenough11, thanks for posting the link.

The question is, will MYN be entitled to a slice of the suggested per-barrel fee re the licensing of the technology?

With MYN having (via its 17.6% interest in Deloro) an 8.624% indirect interest in Petroteq Energy CA, the licensing could potentially provide yet another valuable source of income for the Company.

Pp.

[fairenough11] 28/12/2017 17:26

5 Companies At The Cutting Edge Of Energy Tech

#2 Petroteq Energy Inc. (TSX:PQE.V; OTC:PQEFF)

Petroteq Energy Inc. offers a unique, one-of-a-kind oil production technology that could unlock millions of barrels of oil, and it will be able to produce the oil cleanly and at a low cost. Better yet, Petroteq plans on licensing its technology around the world, raking in hefty profits in the process.

Petroteq has developed a patented technology to extract oil sands in an entirely new way. The conventional method involves mining, lots of water and steam, toxic trailing ponds, lots of emissions, and an incredibly dirty PR image. Canada’s oil sands industry is a pariah in many parts of the world – the target of environmental groups, divestment campaigns and increasingly stringent government policy.

Petroteq turns that whole idea on its head. The small company uses a proprietary technology that consists of a closed-loop system and a solvent that cleanly extracts heavy oil sands. It extracts 99 percent of all hydrocarbons at the site, uses no water (so no need for toxic trailing ponds), requires no high temperatures or pressures, and generates no greenhouse gas emissions.

[fairenough11] 28/12/2017 15:45

It's not beyond the realms of possibility that we could have work over news tomorrow or 2nd Jan.Then the blue touch paper will be lit.

imo

[fairenough11] 28/12/2017 15:29

Took a few more sub oversubscribed placing price.

Incredible value imo.

[essential] 28/12/2017 13:05

Bought some of these this morning - good to be able to get in near the placing - looks an exciting 2018

[grannyboy] 28/12/2017 10:21

The MM's gave those who missed out yesterday, to buy in at less than the placing price earlier...but still at megga bargain price!!..and the news should start coming in thick and fast over the next few months.

[judge grinder] 28/12/2017 09:59

The chart is holding up very well, just tested the 20EMA and 8EMA as it is about to cross over ... looks ready for the next move up.

[fairenough11] 28/12/2017 09:32

You can still BUY around the oversubscribed placing price of .6p.

Amazing with all the news flow that's coming our way.

[fairenough11] 27/12/2017 18:16

I cannot believe we had the opportunity to BUY at a DISCOUNT TO THE OVERSUBSCRIBED £2M placing at .6p.

Incredible stuff.

A Deloro update would do nicely.

[keya5000] 27/12/2017 18:10

I can smell a Deloro update.

[fairenough11] 27/12/2017 18:07

Nice chart guys.

So many SHORT TERM positive potential triggers here,it's unreal.

January is likely to take us to new recent highs..

Good luck.

[grannyboy] 27/12/2017 16:48

Nice finish to the end of day's trade.

[ryan83] 27/12/2017 15:37

The Utah project will show the tech works, there will be other heavy oil sand project owners keeping tabs to take up this tech......

[someuwin] 27/12/2017 15:16

Added today.

[fairenough11] 27/12/2017 15:00

UTAH = ASPHALT RIDGE.

Oh YES.

[fairenough11] 27/12/2017 14:45

Petroteq Chairman's statement.27/12/2017

"We identified and developed what is now our patented clean heavy oil extraction technology as a means to seek those disruptive returns and profits. We have been successful in proving that technology and we are on the cusp of monetizing it within our Utah resource that stands at 87 million barrels of contingent resource.

[grannyboy] 27/12/2017 11:12

7 wells to be in production by the end of January, share price should start to build up momentum as the month progresses..

Could quite possibly have the first of these by next Tues!!

The new tax rates in the US should be of benefit to these, I should imagine..

[fairenough11] 27/12/2017 10:58

"SKIN IN THE GAME"

Their AIMS are aligned with shareholders.

Big MASSIVE TICK.

"Remembering our point above re management “skin in the game” we point out that “Eddie” Gonzalez and key partner shareholder David Kahn hold just under 15% between them. They have a serious vested interest to see this minnow re-rate to a more realistic level."

[fairenough11] 27/12/2017 07:36

Re BLOCK ENERGY.MYN invested £300k,including loan notes which convert into 10% discounted BLOCK ENERGY shares at IPO.

IPO Q1 2018.Should be a nice little earner for MYN.

[fairenough11] 26/12/2017 16:45

So, without further ado, here are our Top 10 Conviction Buy calls for 2018 are as follows:

Mayan Energy – 0.55p
This company has been covered in full HERE and such is our conviction in this that we are one of the largest shareholders in the stock. Remembering our point above re management “skin in the game” we point out that “Eddie” Gonzalez and key partner shareholder David Kahn hold just under 15% between them. They have a serious vested interest to see this minnow re-rate to a more realistic level. Based upon the company’s own financial and production models the next 12 months will certainly not be short if high impact news as more wells steadily come on stream.

Most recently, we note the RNS of 22 December and which the market took negatively. Whilst progress in bringing the wells on stream has been a little slower than expected the eventual prize remains the same and the progress has not been by virtue of poor well stimulation for example but simply permitting delays which is understandable given the time of year we are now at.

There is all to play for here and at the current price of 0.55p new entrants are offered the opportunity to get into the stock at a circa 10% discount to the recent oversubscribed placing. In recent discussions with management we are highly optimistic as to what 2018 will bring, particularly concerning the recent acquisition of Asphalt Ridge.

This recent update HERE sums up succinctly our view on the stock and we believe the shares will deliver a multi-bag return to holders during 2018. Indeed, should the market mark the stock lower in the near term we plan to increase our holding meaningfully as by any measure – current balance sheet situation, pro forma cash flows, Asphalt Ridge value and the targeted 1000bopd by end 18/early 19 the stock is woefully undervalued.

h