Mayan Energy Share Discussion Threads

[arab3] 01/2/2018 08:08

hopefully it will pick up, just don't think it will be now
highly geared has said it all

[highly geared] 01/2/2018 08:08

Operation wise, they said 7 by the end of January and they’ve done 2!
EG needs to stop making promises like this as it’s a credibility killer when he doesn’t deliver. Everything they say seems broadly credible but you can take the timelines and triple them...Permitting also seems an issue re: timescales.
The RNS was disappointing in the round.

[grannyboy] 01/2/2018 07:50

The delays was down to the weather, so the market will understand...they are now back on track, and like they have said...'plenty of news flow over the next days... weeks'....

[eye2] 01/2/2018 07:48

A3 we were at 1p yes sell off , not here my friend .

[arab3] 01/2/2018 07:43

i don't think the market will like delays

[eye2] 01/2/2018 07:36

Options increased 183% .. 1.1p

[jungmana] 01/2/2018 07:35

Excellent update and all on target. 30 barrels of oil over 10hours of testing shows that the target of 35 to 50bopd (24hrs) is more than met. Lots of news flow over coming days and weeks.Good developments on all fronts.

[eye2] 01/2/2018 07:33

Happy with that. that's what you want for share price movement a lot of news , which will come thick and fast .

[spagnolia] 01/2/2018 07:15

Very good update...few weather delays other than that some excellent results with lots of news due this month!

[fairenough11] 31/1/2018 13:46

PETROTEQ ENERGY RECEIVES APPROVAL AS GOVERNMENT CONTRACTOR FOR STATE OF UTAH
LOS ANGELES, CA, Jan. 31, 2018 (GLOBE NEWSWIRE) -- Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV: PQE; OTCQX: PQEFF; Frankfurt: PQCF), a company focused on the development and implementation of proprietary technologies for the energy industry, announced today that the State of Utah has approved the Company to serve as an official government contractor for the planning, designing and procurement of its infrastructure projects. Petroteq recently completed the required steps to obtain approval, which is expected to enable Petroteq to participate in the local and government infrastructure project activities by providing bitumen for the roadway projects.

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Petroteq’s subsidiary, PetroBLOQ, LLC (“PetroBLOQ”), is developing the first supply chain management platform for the oil and gas industry based on advanced blockchain distributed ledger technology. The Company aims to create the first extraction and processing facility in the country in which all industrial processes will be powered by its proprietary blockchain-based management system.

The American Society of Civil Engineers estimates that the country’s dated, decaying infrastructure will cost up to $3.6 trillion to address. The inherent decentralization of blockchain technology is designed to minimize the risks and enhance the security of the increasingly advanced platform applications that will replace the old infrastructure.

“Given the timing of President Trump’s State of the Union address, which emphasized infrastructure spending, specifically on roads and bridges, we feel this is a fortuitous timing for us to be able to participate in this anticipated growth opportunity,” said Petroteq CEO, Alex Blyumkin. Historically, Utah's economic performance has been among the strongest in the nation with the construction sector having posted the highest job growth in 2016 at 6.8%, fueled by both robust residential and commercial activity. Becoming a contractor for the State of Utah is a significant milestone for our Company, and we expect that the project initiatives will generate significant benefits to our shareholders.”

The global bitumen market size, mainly driven by increasing government spending towards road construction, maintenance and repair, is expected to exceed $110 billion by 2024, according to a research report by Global Market Insights, Inc. This growth is primarily due to increasing use of bitumen in various applications including roadways, waterproofing, insulation, and adhesives. The asphalt bitumen binder is an essential element in various roadways applications on account of its higher strength, durability, and resilience. Concrete contains a small percentage of asphalt (bitumen,) which is acting as a binder to enhance its resistance characteristics, which is expected to boost demand over the forecast period.

U.S. News & World Report ranks Utah as the leading state in the country for employment, considering factors of job growth, labor force participation and low unemployment rate. “Becoming a contractor for the State of Utah is a significant milestone for our Company,” continued Blyumkin, “and we anticipate that the project initiatives will generate significant benefits to our shareholders.”.....

[master rsi] 31/1/2018 11:18

Is working is way to the bounce, plenty of good size buys has got the MMs on the move up and blue for the day now 0.65 v 0.70p

[dubois] 31/1/2018 11:03

I think I've read somewhere that it's three to four days per well. Not sure how long it takes to move equipment from well to well though

[graylyn1] 31/1/2018 10:57

How long does the average work over take? If MYN are going to complete all 8 before making an announcement, and, they all produce as expected this could jump pretty quick!

[113mike] 31/1/2018 10:48

not long to wait now. then it's onwards & upwards imho!

[cashandcard] 31/1/2018 10:48

Workover news has got to very close now. They started work a few weeks ago, so we should here something soon.


Cash

[jayj4u] 31/1/2018 10:43

Expecting news today? JUST MOVED FROM RED TO BLUE!

[master rsi] 31/1/2018 10:41

That's it ready for the bounce now 0.63 v 0.65p and plenty of good size buys

[master rsi] 31/1/2018 09:24

From the UPS thread ...........

KEEP an EYE
MYN 0.625p ( 0.62/0.63p )

Had a good retracement 76.4% and at this point buyers are ready to buy

[keya5000] 31/1/2018 07:59

Very comfortable holding this awaiting the forthcoming update.

[eye2] 31/1/2018 07:53

nice thx for that

[fairenough11] 31/1/2018 07:42

#myn's read through at Asphalt Ridge is compelling and their WI more than covers current Mckcap."Dramatic Growth ahead"---Looks though AR could beat all expectations.

[fairenough11] 31/1/2018 07:42

Align Research‏
@AlignResearch
Following Following @AlignResearch
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New release this morning of Conviction Buy call on Petroteq Energy in Canada - … Read through to @mayan_energy #MYN ref Asphalt Ridge


11:19 PM - 30 Jan 2018

[dubois] 31/1/2018 05:20

On 22nd Dec eddies said 7 wells in production by end of January. On 9th January, he said they were still on target. Today is 31st Jan!

[fairenough11] 30/1/2018 10:11

#myn--W/O rig on site week beg 25th Dec.
Issue of options at 1.1p 16th January.

I smell news.

[highly geared] 30/1/2018 09:25

Looks like news is on the way.... under valued if the workovers are going to plan...