Mayan Energy Share Discussion Threads

[113mike] 26/3/2018 09:03

Good news leaking? update imminent? looking good imho!

[eye2] 26/3/2018 07:56

They can go for another well with what's cashed in (: as its so cheap to drill . happy days

[fairenough11] 25/3/2018 13:26

WARRANTS ALSO = CASH IN BANK.

[grannyboy] 23/3/2018 10:34

Thats the reason the news has dried up and the share price drifting..these warrants being exercised...

Anyone know how many still to be exercised, without me delving into the arhives?

[cashandcard] 23/3/2018 08:59

Should hear something soon on Amason and Collins workovers.


Cash

[113mike] 23/3/2018 08:37

Should do in the run up to the EOM update due next week!

[jayj4u] 23/3/2018 08:23

Guys, check out the chart. 0.725 is the bottom.... it should move up from here!!

[113mike] 21/3/2018 19:24

From the RNS released 20th Feb..should get an update soon:- The Company intends to start reporting quarterly KPI's including number of wells, production and sales by field starting at the end of March 2018Eddie Gonzalez, Managing Director, said: "With the Gilbreath #48 being completed this week Mayan continues to gain strength and momentum as we push hard toward our initial 300-500 barrel production goal and positive operating cash flow. Given the consistently positive production response out of the wells at Forest Hill, our confidence in reaching the production goal remains solid. I could not be happier with where we are as a Company, with the success we are enjoying in Texas and the progress at Deloro, specifically the Asphalt Ridge Project in Utah which is on course to commence production at an initial rate of 1,000bopd later in Q1. With this in mind, 2018 is proving to be a great year for Mayan."

[highly geared] 21/3/2018 19:11

Time for Eddie to issue a workover update....

[highly geared] 18/3/2018 13:04

Great post that accurately summmarises where this should go in the next 6-9 months. At the current market cap, risks appear low but upside enormous. The fact the 2 key directors are heavily invested at £350k cash is also reassuring.

[keya5000] 18/3/2018 12:40

GraphiteTech
Posts: 8,036
Off Topic
Opinion: No Opinion
Price: 0.82


New Mayan-Reasons to invest.Today 12:04

New Mayan Market Cap £9.45m

Since August 2017 when the market cap was £1.5m the company had been transformed by a committed and aligned management team.

Headed by the CEO Eddie Gonzales Mayan embarked on an ambitious multi-well work-over program targeting low cost high chance of success mature wells.

The program centres on two mature fields Forrest Hills and Stockdale.

To date six wells have been worked over producing a gross amount of c240bopd. These wells though have neither been stimulated or the new zones perforated.

Alongside the above fields they also have a 8.3% share via a tight MOU of the Ashphalt Ridge project which is the core project of Petroteq Energy www.petroteq.energy.

Ashphalt Ridge contains 87m barrels of bitumen/oil sands of which a significant amount will move into p1/p2 after three months of production at 1000bopd. The plant is being commissioned now and this event is a £company maker£ in itself.

CEO Eddie Gonzales has took his remuneration in shares since he started and also set options at 1.1p with a operational target that the company achieves 500bopd net to Mayan. Eddie also bought in the market last week at 0.87p

Next phase of work will involve the stimulation of the wells that have been worked over and the completion of three further wells at Forrest Hills.

Company will also perforate the £virgin intervals£ identified during the process using a Roke Tool. This could provide a BOGOF situation.

The stimulation of the wells includes a revolutionary system of additives being injected into the reservoir to lower the sulphur content and improve the API of the oil. This process is headed by the companies technical expert Dr David Kahn who is also a major shareholder.

By the end of April the company should have nine producing wells that cost c$30-50k each to complete and I expect will be potentially producing around 500bopd gross.

Ashphalt Ridge will also be producing and the project there is being described to be the Holy Grail for US Onshore.
2018 will be one hell of a year for Mayan.

DYOR this is no overnight multi-bagger but it holds strong fundamentals with a low risk profile operating in the most secure of Geographic areas Onshore USA.

My own targets are 2p+ by the end of April and c£60-80m by year end

AIMHO but a share to invest in and reap the rewards, a similar trajectory to what we have witnessed since mid October 2017 is set to continue.

Load up and hold.

Conviction buy.

[highly geared] 16/3/2018 13:45

Hopefully news next week on the work over programme to confirm everything on track. We also need to hear around adding wells/leases to build the portfolio. Production start at Asphalt will also be a major milestone.

[spagnolia] 15/3/2018 07:50

So very large late trades lately hence why share price is kept static and spread is so tight....

[eye2] 14/3/2018 22:02

6 mill delayed buy .88.88 from Tuesday

[dubois] 14/3/2018 13:52

That's a tight spread lol87 87 87

[cashandcard] 13/3/2018 09:15

A good positive update.


Cash

[highly geared] 13/3/2018 09:11

Reasonable projections on the combined Petrotech interest and net revenue interests in direct leases within 12 months should provide Mayan with net c 1000bopd.
Annualised at 350,000 barrels and at $30 net backs, that’s over $10,000,000 operating profit. Sterling equivalent c. £7.25 million. Even a paltry PE ratio of 5 gives a £36 million market cap!.Way undervalued for where this is going....

[113mike] 13/3/2018 08:40

SP breaking out? let's hope so..all shaping up nicely imho...

[113mike] 13/3/2018 08:11

tweeted just a few mins agoAttempted to follow Eddie's lead in Mayan Energy #MYN this in modest size of 3m shares. Was quoted 1p to buy. If that is not a signal re the current wrong price we do not know what is. BUY

[jayj4u] 13/3/2018 08:02

Is this guy for real? What an amazing human being!!!! Thank You Eddie! We love you and we believe in YOU and your managment. Good bless you!!!

[fairenough11] 13/3/2018 07:39

Get in Eddie.This is a GUY who 100% knows the score.His aims are our aims.Very rare indeed.



13/03/2018 7:02am
UK Regulatory (RNS & others)

Mayan (LSE:MYN)
Intraday Stock Chart
Today : Tuesday 13 March 2018

Click Here for more Mayan Charts.
TIDMMYN

RNS Number : 4809H

Mayan Energy Limited

13 March 2018

Mayan Energy Ltd / Index: AIM / Epic: MYN/ ISIN: VGG6622A1057 / Sector: Oil and Gas

13 March 2018

Mayan Energy Ltd ('Mayan' or 'the Company')

Directors' Dealings

Mayan (AIM: MYN), the AIM listed oil and gas company, announces that yesterday Eddie Gonzalez, CEO, purchased 2,200,000 ordinary shares in the Company ("Shares") at 0.87p per Share. Further to this purchase, Mr Gonzalez holds 26,366,666 Shares, representing 2.3% of the Company's issued share capital.

[113mike] 13/3/2018 07:25

Mayan Energy Limited Director DealingsSource: UK Regulatory (RNS & others)TIDMMYNRNS Number : 4809HMayan Energy Limited13 March 2018Mayan Energy Ltd / Index: AIM / Epic: MYN/ ISIN: VGG6622A1057 / Sector: Oil and Gas13 March 2018Mayan Energy Ltd ('Mayan' or 'the Company')Directors' DealingsMayan (AIM: MYN), the AIM listed oil and gas company, announces that yesterday Eddie Gonzalez, CEO, purchased 2,200,000 ordinary shares in the Company ("Shares") at 0.87p per Share. Further to this purchase, Mr Gonzalez holds 26,366,666 Shares, representing 2.3% of the Company's issued share capital.