Mayan Energy Share Discussion Threads

[fairenough11] 07/2/2018 13:42

Asphalt Ridge--PETROTEQ ENERGY ANNOUNCES PROGRESS IN PLANT ASSEMBLY
STUDIO CITY, CA, Feb. 07, 2018 (GLOBE NEWSWIRE) --
…

[eye2] 07/2/2018 08:58

anyone notice again NT for big orders 5k plus ,
interesting, can anyone buy on the open line ?

[eye2] 06/2/2018 11:50

Still sell over bid want full ask for small amounts 2 k 3 k hold tight or top up

[grannyboy] 06/2/2018 10:56

Most companies being hit today..would be a waste of time giving an update in these circumstances...In fact good time to get in or top up..

[master rsi] 05/2/2018 16:48

You could sell much higher at the end of the day as it went to 0.65p bid, as some large trades moved the bid higher

note
the last trade paid premium 0.674p, offer at 0.67p

[eye2] 05/2/2018 15:29

nice , I can sell my holdings for over the bid can not buy in size NT only for 1m.

[master rsi] 05/2/2018 15:28

On the move up after earlier already paying full offer 0.65p

now 0.62 v 0.67p +0.02p

about timee to let the stock move higher after MMs playing too much with the stock last week

[fairenough11] 05/2/2018 14:12

PETROTEQ ENERGY INC. RECEIVES $2.5 MILLION FROM DELORO
Studio City, CA , Feb. 05, 2018 (GLOBE NEWSWIRE) -- Petroteq Energy Inc. (the “Company”) (TSXV: PQE; OTCQX: PQEFF; Frankfurt: A2DYWC), a company focused on the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits, announced today that the Company has received funds equal to the first tranche of the financing contemplated in the memorandum of understanding (the “MOU”) with Deloro Energy LLC (“Deloro”), previously announced by the Company on November 23, 2017.

RELATED LINKS
PDF Release PDF
Pursuant to the terms and conditions of the MOU, and subject to all applicable director, shareholder and regulatory approvals, including approval of the TSX Venture Exchange (the “TSXV”), Deloro has agreed to loan Petroteq Energy CA, Inc. (“Petroteq Energy CA”), a wholly owned subsidiary of the Company, US$10 million under a convertible debenture which will, subject to the terms and conditions of the debenture, be convertible into up to 49% of Petroteq Energy CA. Petroteq Energy CA is the sole shareholder of Petroteq Oil Sands Recovery, LLC and TMC Capital, LLC.

The Company has received US$2.5 million from Deloro which is equal to the first tranche Deloro is required to lend the Company according to the MOU. Pursuant to the MOU, upon receipt of the entire first tranche, Deloro shall be entitled to receive an economic royalty equal to 25% of the net profits of the Company’s heavy oil extraction facility (the “Facility”) located at Asphalt Ridge, Utah, from the date that the Facility is operational. The MOU indicates that at least US$2,000,000 of the first tranche shall be allocated by the Company towards the capital costs and related expenses associated with the Company’s planned expansion of the Facility’s processing capacity to at least 1,000 barrels/day.

Until such time as the transaction contemplated by the MOU is approved and completed, the US$2.5 million will be recorded by the Company as a loan.

“The beauty of our technology is that our production capacity is defined by the design of the plant. There are no external geologic factors that impact our revenues. Traditional drilling of oil wells creates a risk of drilling a “dry hole” or even if a well is successfully drilled, there is usually a steep decline curve in production. The Company has an estimated contingent resource of 87,817,000 barrels of bitumen.” Explained Alex Blyumkin, CEO. “We look forward to sharing the details of our new plant assembly, as we move towards turning on the new facility,” he continued.

While the Company continues to work towards completing the transaction contemplated by the MOU, there can be no assurance that a viable transaction will result or successfully conclude in a timely manner, or at all. Additional information will be released by the Company as it occurs.

The MOU contains a number of conditions precedent to the obligations of Petroteq Energy CA and Deloro, including, but not limited to, board of director and TSXV acceptance. Unless all such conditions are satisfied or waived by the party for whose benefit such conditions exist, to the extent they may be capable of waiver, the transactions contemplated by the MOU will not proceed. There is no assurance that the conditions will be satisfied or waived on a timely basis, or at all....

[fairenough11] 04/2/2018 09:03

Goldman Sachs sees oil surging above $80 in 6 months
Tom DiChristopher | @tdichristopher
Published 11:00 AM ET Thu, 1 Feb 2018 Updated 12:23 PM ET Thu, 1 Feb 2018
CNBC.com
Goldman Sachs raised its three-month Brent forecast to $75 and its six-month forecast to $82.50.
The bank says the rebalancing of the long oversupplied oil market has already occurred, about six months sooner than it expected.
Goldman credits "stellar" oil demand growth, OPEC's deal to limit output and other factors for its outlook, saying many of those trends will continue........

[spawny100] 03/2/2018 11:59

Ta fairenough. I have a target of 1.10 on breakout from this wedge with decent volume. Don#t see the cup and handle formation as handle far too deep imo.

[fairenough11] 03/2/2018 11:48

From Vanheldan--LSE-Cheers

Technicals look strongToday 11:44Links to MYN charts posted on twitter:

Falling wedge target 0.85-0.90p for starters followed by 1.30p target for Cup & Handle extension + 1.618% Fib extension

[fairenough11] 03/2/2018 11:45

From Vanheldan LSE--Cheers

High Impact NewsflowToday 11:38Expected in the coming weeks:

Forest Hill
1) Workover of the Collins: w/o commenced 01st February (at the latest) and results expected shortly
2) Testing of upper formations of both the Amason#1 and Collins well - logs indicate the upper sands are productive of oil. Testing will commence on completion of the Collins well w/o
3)Rig to remain on site post Collins well w/o to complete a further five w/o for a total of eight wells
4) RRC approval expected shortly on the Gilbreath#19 well. The well produced at an average rate of 43 bopd following a w/o in Q4 2017. Once approval is received, the well will immediately be brought on line

Stockdale
1) Morris#1 expected to be placed on continuous production shortly following the construction of a water line. Production expected to increase from 16-18 bopd to 35-50 bopd

Block Energy & Petroteq
1) BE to list in AM in Q1 2018
2) Petroteq update

We're in for an exciting month or two ahead of us with the above newsflow and any other surprises that Eddie might have in store for us

GL all (and ignore the derampers)

[adamfletcher1] 03/2/2018 01:02

Done difference between MMS (spread collectors) and big day traders .... everyone seem to confuse this.

[novicetrade68] 02/2/2018 14:50

You get 0.662p for your sells, but it seems they like to keep the bid at 0.60p for whatever reason..

[eye2] 02/2/2018 07:51

MMs palyed it
Today 07:50
well yesterday we were not red as they closed it spread .6 to .68 but could sell 750k @ .645 buying was full ask,
this will go up, pretty safe bet for nice profit over next few weeks that's why the shorter are twitchy

[fairenough11] 01/2/2018 12:38

Mayan Energy
‏

@mayan_energy
7m7 minutes ago
More
Did you see our news? 300-500 barrel daily production target in sight as roll-out of multi-well programme in Texas gathers pace #MYN #AIM #OIL #GAS

[spagnolia] 01/2/2018 11:51

Lots more shares brought than sold - could rise nicely this afternoon!

[fairenough11] 01/2/2018 10:46

St Brides Partners
‏

@StBridesP
11m11 minutes ago
More
.@mayan_energy: 300-500 barrel daily production target in sight as roll-out of multi-well programme in Texas gathers pace #MYN #AIM #OIL #GAS

[cashandcard] 01/2/2018 09:04

Some of the delays cannot be helped but I am not happy with the permitting situation. If they had not received the permits, why talk up the program being completed by end of Jan? EG needs to keep his mouth shut, get the necessary permit approvals and complete the water disposal line asap. Then get on with W/O's.

The Sub-Clarksville is a well known productive formation that flows at commercial rates for many small producers, anywhere from 20-100bopd depending on location. It will be a welcome addition if they can tap as many of those in their wells as possible.


Cash

[keya5000] 01/2/2018 08:54

113mike.


First one was always going to take longer.

That kind of sets the direction for the rest.

Note they had already wire line logged both wells.

First well needed a specialist team in at the start, rest should copy that blueprint and be more rapid.

Weather was horrid in early-mid Jan. It is now sunny and quite warm.

Next news will not be one month away.

[fairenough11] 01/2/2018 08:47

Great update.

High impact news imminent---New Zones.

Expect all expectations to be beaten.

Added this am.

[113mike] 01/2/2018 08:38

I'm staying in but they need to under promise and over deliver!

[keya5000] 01/2/2018 08:29

Could be March, but when that's achieved if it remains at these levels it is grossly undervalued.

I would prefer slow but sound progress that was obviously weather inhibited than a rushed program that ruins the wells.

It is getting more like Spring in Texas so no more weather issues.

[tailgunner] 01/2/2018 08:23

Yep, Have to agree with you...... At this rate, and without any delays ( of which I'm sure there will be) it'll be March at least till they finish this programme...... when it should have been done this month...... They want to be more realistic in their objectives.......

[jayj4u] 01/2/2018 08:08

It's all going to the plane expect the delays. Remember: The main point is that we are getting oil out. It might take us another few weeks to get there but we are going to achieve our targets! Now the first reaction for this market will be slight sell off and then it will move up. Expecting constant new flow from next week!