Share Name Share Symbol Market Type Share ISIN Share Description
Mayan LSE:MYN London Ordinary Share VGG5S26K1152 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -0.01p -2.38% 0.41p 4,171,000 09:00:21
Bid Price Offer Price High Price Low Price Open Price
0.40p 0.42p 0.42p 0.41p 0.42p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.02 -2.84 -1.38 5.9

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Date Time Title Posts
17/9/201818:09Mayan Energy3,104

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13:08:130.40170,000683.40O
09:54:010.404,000,00016,120.00O
07:54:300.421,0004.19O
2018-09-17 15:19:290.411,000,0004,090.00O
2018-09-17 15:13:200.43376,0881,605.52O
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Mayan (MYN) Top Chat Posts

DateSubject
18/9/2018
09:20
Mayan Daily Update: Mayan is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker MYN. The last closing price for Mayan was 0.42p.
Mayan has a 4 week average price of 0.41p and a 12 week average price of 0.41p.
The 1 year high share price is 24.22p while the 1 year low share price is currently 0.24p.
There are currently 1,427,098,141 shares in issue and the average daily traded volume is 5,602,630 shares. The market capitalisation of Mayan is £5,851,102.38.
28/8/2018
12:43
spawny100: Oh I don't know - Eddie has delivered a spectacular collapse in share price....
09/8/2018
11:23
lab rat99: Anyone trying to claim that holding shares in Petroteq is better than holding a percentage in Asphalt ridge should be ignored. There is no comparison it is by far and away better to hold a direct stake in Asphalt ridge that is why Petroteq cancelled it at the first opportunity that Eddies dithering presented. Petroteqs share price increased and MYN fell when the deal was announced. MYN $1.5m investment in Deloro is currently down by around a quarter of a million. Deloro had the option to take up warrants earlier but did not. The question MYN shareholders should be asking is how much did the board in this related transaction pay for their similar holdings in Deloro? It was not $1.5m that is for sure. Some parties have done very well out of this deal and as yet it is not MYN who are still sitting on a loss.
08/8/2018
15:49
malctim70: Problem is 113,that MYN's PQE shares are being held in a private ltd co, over which stock market regulators have no control If it was one day declared Deloro's holding of PQE had been sold and lost, MYN shareholders would be the last to know That's why MYN share of PQE and warrants needs to be back in MYN hands
23/6/2018
09:18
andinvestor1: I cant paste the article here - its not fair as they are a smaller company and rely on subscriptions - but I briefly read it and they are saying the CEO (Eddie) should resign as the job should be full time - then the rest of the board should step down too as they should not have agreed to his additional directorships - I partly agree in the sense that we want his full focus on MYN however it is common for directors, especially the good ones, to have multiple directorships and if he keeps doing what he has so far, bar the issues with the share price which I believe they are trying to address, I dont see a big issue with it. Hope that helps.
16/6/2018
16:05
113mike: Reminder from Align Research update 5th June.There does seem to be so many positive developments going on at Mayan that continue to fail to be reflected in the share price. Investors really got their cards marked in mid-March 2018 when CEO Eddie Gonzalez purchased 2.2 million shares at 0.87p. With Cornhill having exercised their broker warrants and this overhang now having be sold in full, at some point the stock will have to reflect the on the ground operational progress. If it does not we would not be surprised to see a number of other companies run their slide rule over it as the economic uplift could be meaningful to many a player operating in South West of the US.Lets hope the next couple of weeks brings the good news on many fronts we've been expecting and the share price turns up to reflect it.. results due end of June hopefully should get an indication of current and future revenue numbers
05/6/2018
07:54
113mike: MAYAN ENERGY – GAS MONETISATION UPDATE 5 JUN 18June 5, 2018 | Posted by adminBy Dr Michael GreenThe latest development update from Mayan Energy brought encouraging news from the Stockdale Field Discovery in Texas (60% working interest and 45% net revenue interest) concerning monetising the recent gas discovery at the Morris #1 well.Just to recap, in late April 2018, investors learnt that Mayan had identified 20? of net pay with approximately 10? of oil/condensate below a 10? gas cap at the Morris # 1 well.  This was located in an additional prospective zone called the Escondido Sand formation at a depth of 4,358 to 4,776 feet which the company had been evaluating using the proprietary Quad Neutron Roke tool. At the time, Mayan had estimated 3 billion cubic feet of natural gas recoverable at a rate of around 1.3 million cubic feet per day (mmcf/d) gas plus 10-11 barrels of condensate per day.Since then, Mayan's technical team, along with input with local vendors, has determined that on-site electricity generation based on such gas volumes from the Escondido Sand formation would be the most efficient and cost-effective solution to monetising this potential. Importantly, it apparently would only require minimal additional capital expenditure too. The production of gas from the Morris #1 well is not expected to require any meaningful additional operating cost and so the incremental new revenue stream will be seen to be highly economic to the company.At the same time, Mayan is currently engaged in discussions with a number of municipal purchasers regarding a long-term contract which includes the additional gas to be unlocked at Stockdale on the back of the company's development plans. In addition, this latest announcement pointed out that the board expects that the gas will attract a premium price as it is being used to generate electricity, compared to the normal practise of selling such production to a gas gathering/marketing company as is usual practise in the US.The economics are highly compelling and, in conversation with management, we expect will help propel the company's production beyond the top end of its 300 – 500 bopd target. Mayan is looking to lease the generation equipment to convert natural gas into electricity which is expected to be at a base cost of around US$14,000 per month. The required investment to implement this plan is approximately US$50,000 which includes: generating equipment; and the re-completion of the Morris #1 well in the Escondido Sand formation along with the co-mingling of production with the upper and lower Anacacho zones. As far as timing is concerned, the required preparatory work ahead of starting to generate electricity from the Stockdale gas discovery is planned to start soon with surface work beginning in June 2018.We see this latest news from Eddie Gonzales as laying more groundwork to the creation of a highly profitable oil and gas production company. Indeed, there are another seven wells in Stockdale aside from the Morris #1 well, which are expected to be part of this gas play and could thus grow the resource further. These wells all have similar geology and are broadly expected to have the same attributes as the Morris #1 well. Management expects these to come on stream over the next couple of months. The key here is the infrastructure. Mayan has a trump card in its water disposal facility that has a capacity of 10,000 barrels of water a day, and which looks sufficient to handle up to 15 more wells like the Morris #1. In this area it is all about having the capacity to get rid of the water to produce oil at the higher rate.In recent days, there was also update news from the Asphalt Ridge heavy oil sands project, where Mayan has an 17.3% interest in Deloro Energy that has invested in this project. At that time, shareholders learnt that Asphalt Ridge was proceeding well with the facility expected to be in full commissioning and start-up operations in the second and third week of June 2018.There does seem to be so many positive developments going on at Mayan that continue to fail to be reflected in the share price. Investors really got their cards marked in mid-March 2018 when CEO Eddie Gonzalez purchased 2.2 million shares at 0.87p. With Cornhill having exercised their broker warrants and this overhang now having be sold in full, at some point the stock will have to reflect the on the ground operational progress. If it does not we would not be surprised to see a number of other companies run their slide rule over it as the economic uplift could be meaningful to many a player operating in South West of the US.At the current price we remain highly positive and continue to reiterate our Conviction Buy stance with a medium-term target price of 2.1p
26/4/2018
08:56
grannyboy: The usual sell on news..plenty to drive the share price over the weeks/months ahead...once this new additional gas zone is digested than can see the share price rising.
13/3/2018
07:39
fairenough11: Get in Eddie.This is a GUY who 100% knows the score.His aims are our aims.Very rare indeed. Https://uk.advfn.com/stock-market/london/mayan-MYN/share-news/Mayan-Energy-Limited-Director-Dealings/76927921 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.
08/3/2018
14:41
fairenough11: Another ultra positive RNS from Petroteq(Deloro/Myn) LSE:MYN Mayan Share News (MYN) 3 Follow MYN Share Name Share Symbol Market Type Share ISIN Share Description Mayan LSE:MYN London Ordinary Share VGG5S26K1152 ORD NPV (DI) Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade -0.015p -1.69% 0.87p 0.86p 0.88p 0.90p 0.855p 0.885p 7,045,613 12:32:24 Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) Oil & Gas Producers 0.2 -5.8 -0.0 - 10.15 Print Alert Mayan Energy Limited Update on Heavy Oil Sands Project, Utah 08/03/2018 2:15pm UK Regulatory (RNS & others) Mayan (LSE:MYN) Intraday Stock Chart Today : Thursday 8 March 2018 Click Here for more Mayan Charts. TIDMMYN RNS Number : 1610H Mayan Energy Limited 08 March 2018 Mayan Energy Ltd / Index: AIM / Epic: MYN/ ISIN: VGG6622A1057 / Sector: Oil and Gas 8 March 2018 Mayan Energy Ltd ('Mayan' or 'the Company') Update on Heavy Oil Sands Project, Utah Mayan Energy Ltd (AIM: MYN), the AIM listed oil and gas company, is pleased to note the following update from TSX listed Petroteq Energy Inc ('Petroteq') (TSXVE: PQE OTC: PQEFF) regarding the Asphalt Ridge heavy oil sands project, Utah. Mayan has a 17.6% interest in Deloro Energy LLC ('Deloro') which recently completed the first tranche of its US$10million acquisition of a 49% interest in Asphalt Ridge - see RNS dated 15 January 2018. Full Text of Petroteq's Release PETROTEQ REPORTS RESULTS FROM INDEPENDENT EVALUATION REPORT OF OIL RESOURCES ON ITS ASPHALT RIDGE LEASES STUDIO CITY, CA, March 08, 2018 (GLOBE NEWSWIRE) -- Petroteq Energy Inc. ("Petroteq" or the "Company") (TSXV: PQE; OTCQX: PQEFF; Frankfurt: A2DYWC), a company focused on the development and implementation of proprietary technologies for the energy industry, today announced the filing of its third party independent detailed assay and testing resource evaluation report. The Company engaged Energy Labs of Casper, Wyoming to conduct an independent resource evaluation report on the oil that has been extracted from Petroteq's leases along Asphalt Ridge, Utah. The results of the Energy Labs assay on the oils from Petroteq's oil sands along Asphalt Ridge are consistent with the numerous studies performed on these oils by both academic institutions and major oil companies. The assay confirms that the quality of this oil is ideal for diesel fuel and has attributes attractive to oil refineries. Mr. Blyumkin, chairman of Petroteq, said, "As we continue to make progress with the completion of our plant construction and the signing of our oil offtake agreement, we are extremely pleased with this report that confirms the quality of our oil sands assets. Oil with high levels of heavy metals has a negative impact on the life of the catalysts in oil refineries. Our oil contains low levels of asphaltenes and very low metal levels making it attractive to oil refineries." The Asphalt Ridge oil contains a high percentage of hydrocarbons that are diesel range organics (C-10 to C-28) making this oil an ideal oil for diesel fuel. The tight shale plays that are an increasingly important source of domestic oil production typically have higher concentration of hydrocarbons in the gasoline range organics (C-6 to C-10), so are not as readily refined into diesel as they are gasoline. The disproportionate production of very light oils in the USA as opposed to heavier oils, may result in upward pricing pressures on heavy oils if this trend continues. The Asphalt Ridge oil has very low sulfur content (0.5% and less weight percent) which is ideal for making ultra low sulfur diesel. Much higher sulfur contents are found in the oil sands in Canada, where extra money needs to be spent to remove the sulfur before it can be refined into a finished petroleum product. We do not expect to find such economic issues in the Asphalt Ridge oils. Refineries prefer as low sulfur content as possible. The Asphalt Ridge oil has relatively higher level of aromatic components, which increase the quality of the oil the products that can be produced from this oil. Https://uk.advfn.com/stock-market/london/mayan-MYN/share-news/Mayan-Energy-Limited-Update-on-Heavy-Oil-Sands-Pro/76899045
15/1/2018
07:35
fairenough11: LSE:MYN OKSearch Mayan Share News (MYN) 1 Follow MYN Share Name Share Symbol Market Type Share ISIN Share Description Mayan LSE:MYN London Ordinary Share VGG5S26K1152 ORD NPV (DI) Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade +0.00p +0.00% 0.75p 0.70p 0.75p - - - 0 06:41:08 Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) Oil & Gas Producers 0.2 -5.8 -0.0 - 8.75 Print Alert Mayan Energy Limited Asphalt Ridge Update 15/01/2018 7:30am UK Regulatory (RNS & others) Mayan (LSE:MYN) Intraday Stock Chart Today : Monday 15 January 2018 Click Here for more Mayan Charts. TIDMMYN RNS Number : 8395B Mayan Energy Limited 15 January 2018 Mayan Energy Ltd / Index: AIM / Epic: MYN/ ISIN: VGG6622A1057 / Sector: Oil and Gas 15 January 2018 Mayan Energy Ltd ('Mayan' or 'the Company') Update on investment in Deloro and Utah Heavy Oil Sands Project Mayan Energy Ltd (AIM: MYN), the AIM listed oil and gas company, is pleased to provide an update on the Asphalt Ridge Project ('Asphalt Ridge') a heavy oil sands deposit being developed by TSX listed Petroteq Energy Inc ('Petroteq') (TSXVE:PQE OTC:PQEFF) in Utah, USA - see RNS dated 16 November 2017. Highlights: -- Deloro Energy LLC ('Deloro') in which Mayan has a 17.6% interest, has completed the first US$2.5m tranche of its US$10million acquisition of a 49% interest in Asphalt Ridge. The Asphalt Ridge Project is currently owned by TSX listed Petroteq Energy Inc ('Petroteq') (TSXVE:PQE OTC:PQEFF) -- Completion of the first tranche investment entitles Deloro to a 25% economic royalty from the Asphalt Ridge Project -- All building and construction permits associated with the 1,000-barrel oil per day ("bopd") oil extraction process facility at Asphalt Ridge have been granted -- Construction progress update report provided by Petroteq on January 11, 2018 confirmed: o Foundation work is completed o Assembly of the main structure has commenced with vertical columns in place o Trucking of oil heater, pipe valves and various pumps will shall begin week of January 15(th.) o Rocky Mountain Power has been engaged to determine the power upgrade to deliver power to site o The distillation column & trays are being fabricated off site for delivery at the end of January o Images of site progress may be viewed on www.mayanenergy.co.uk -- Completion of testing and analysis of the oil product has indicated a high range of diesel organics & low sulphur levels, which is anticipated to drive demand for the oil and resulting in a tighter pricing and possible premium West Texas Intermediate ("WTI") -- Petroteq announced "Notices of Allowance" from both the United States and the Canadian Patent and Trade Mark and Intellectual Property offices in respect of its heavy oil sand extraction processes, this is a further step in protecting its proprietary rights to its heavy oil extraction technology -- General increases in oil prices now imply Netbacks (oil sales net of royalties, production and transportation expenses) of US$35+ per barrel- compared with US$15-20 reported in November 2016 -- Asphalt Ridge has 87 Million Stock Tank Barrels ("STB") contingent resource in place and a defined development plan to produce 5,000+ bopd by 2019 -- Petroteq, Deloro, Mayan and institutional investors are to visit Asphalt Ridge on 16(th) January 2018 Mayan CEO Eddie Gonzalez said: "We believe that the Asphalt Ridge project is going to be an excellent example of an investment which is low-risk, but with the potential to deliver highly attractive returns. As we re-optimise Mayan's business model: focussing on increasing production in Texas and becoming cash positive in the short term, we are also considering strategic investment opportunities. We are more than satisfied that Deloro's agreement to acquire a 49% stake in the Asphalt Ridge Project is progressing in a timely manner, and that developments on-site remain on target. All indicators point towards the 1,000 bopd plant being commissioned in February 2018; propitious given the increasing demand for the oil produced. Additionally, through Deloro, Mayan will have access to Petroteq's proprietary technology and we hope in due course to be able to roll this out to similar oil sand plays in Utah and elsewhere. We will be on site in Utah next week to meet with Petroteq CEO, Aleksandr Blyumkin, his operations team and a group of institutional investors to inspect progress at the plant and to discuss future funding options and expansion." The Asphalt Ridge project is the core asset of Petroteq (mkt. cap US$72 million). It has 87 Million Stock Tank Barrels ("STB") contingent resource in place and a defined development plan to produce 5,000+ bopd by 2019. Deloro's development agreement and alliance with Petroteq has enabled Mayan to gain exposure to the Project and is consistent with Mayan's strategy of completing key acquisitions and investments in highly prospective onshore oil and gas opportunities to generate value to shareholders. Mayan currently has a 17.6% interest in Deloro, which is acquiring 49% of Asphalt Ridge. Petroteq has a defined development plan in place, with work underway to construct a plant that has an initial production target of 1,000 barrels of oil per day by February 2018. This will utilise Petroteq's patented process technology that unlocks heavy oil without generating greenhouse gases or waste. Analysis of the end product has indicated a high range of diesel organics as well as low sulphur or any other contaminants. This is encouraging as there is high demand for low sulphur diesel from the trucking and shipping industries. The process is proven by Petroteq who produced and sold 10,000 barrels of oil in 2015 using this technology at its first facility in Maeser, Utah. The incremental rises of production to 2,500 bopd and 5,000 bopd are expected to be largely funded through debt. Importantly, six months of continuous production at 1,000 bopd triggers an upgrade of a materially significant portion of the existing 87 MMSTB Contingent resources to P1/P2 reserves. It is anticipated that all in costs will be US$18-25 per barrel ("Bbl") and therefore expected to generate netback margins of US$20-27 per Bbl (at US$45 Bbl oil). With WTI currently trading at US$63, the Board believes the Project economics have potential to improve significantly. Overall, the Asphalt Ridge project offers attractive economics and net present values. The below summary NPV values are for 100% of Asphalt Ridge and have been calculated by Chapman Petroleum Engineering Ltd ("Chapman") at a 10% discount to WTI US$54 oil price. It should also be noted that Chapman have assumed a US$10,500,000 capital commitment into their modelling for the completion of the 1,000 plant which is already funded.
Mayan share price data is direct from the London Stock Exchange
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