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
  -0.025p -3.23% 0.75p 0.73p 0.77p 0.775p 0.75p 0.775p 4,165,575 10:07:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.2 -5.8 -0.0 - 8.75

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Date Time Title Posts
22/2/201808:54Mayan Energy2,266

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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 0.78p.
Mayan has a 4 week average price of 0.55p and a 12 week average price of 0.53p.
The 1 year high share price is 5p while the 1 year low share price is currently 0.20p.
There are currently 1,166,335,931 shares in issue and the average daily traded volume is 24,054,649 shares. The market capitalisation of Mayan is £8,805,836.28.
spagnolia: 113 - share price has held well so fingers crossed lots of news - Block Energy listing should add 10% to the share price minimum!!
brasso3: Once again no news but will be watching closely at 14:00 - 16:00 for an RNS. For the golden cross to occur today the share price would need to close above 0.8p. Otherwise that indicator will be tomorrow. Have a feeling we will get something on Twitter today at the very least.
brasso3: DMAs moving closer together again as shown below on the last 5 trading days. Looks like the 25 DMA will cross on Monday and the 50 DMA will go though on wednesday at present. Of course the share price would need to be around 0.8p for this to play out.
fairenough11: #myn Price should be 1p/1.5p right now.Hell of a bargain at .78p based on what we already know.AR looks a real golden nugget. I think @TexasEddieG has the bit between his teeth.
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 -- 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.
brasso3: The great thing about MYN is that we have three separate companies (including Deloro and Block) of which it only requires one of them to be successful to justify a much higher share price than today. All seem to be fairly low risk in terms of what they are looking to achieve.
fairenough11: On Target, so let me get this straight,you only see value when all targets/aims HAVE ALREADY BEEN MET and the share price reflects these achievements?You don't see any value in the POTENTIAL here? Why are you here? I'll tell you what,I have bought a substantial amount sub .6p and you wait until MYN have their 500bopd production on stream,Block Energy have launched and AR is full steam ahead,let's see who has done right. BTW do a read across Myn/Deloro/Petroteq/Asphalt Ridge as it stands now and you will find that alone more than covers Myns Mckcap with much more to come as Petroteq's Tech enhances production/flow rates/extraction.
master rsi: From the "UPS" thread ( selected the shares @ 0.56 on the 3rd to go better this month ) MYN 0.695p +0.05 (+7.75%) The 2M buy got the MMs on the run When the share price was starting to bounce this afternoon, after the marked down on the morning a 2M buy paid premium and got the market moving higher, the delayed trade was reported after hours spread at the time 0.62 v 0.66p 15:22:28 0.665p 2,000,000
stephen2010: ALBA currently trading at 0.39p target price 6p making a nice 15 bagger. Please read the following: MARKET CAP PUZZLE ❖ Alba (market cap £8.4m) is in a resources neighbourhood populated with listed companies with much enhanced market capitalisations, such as UKOG.L (£134m) and JAY.L (£172m). With either shared project interests or adjacent tenements to these companies, Alba should trade at a much higher valuation than its current token value. Like Bluejay, Alba owns 100% of its ilmenite project. Direct comparisons with UKOG are also instructive. While both companies own other projects, UKOG’s 49.9% of Horse Hill Developments Limited (HHDL), when compared to Alba’s 18.1% means that Alba has approximately one third of the value of Horse Hill compared to UKOG but only about 7% of the market capitalisation. Once the market recognises these disparities, the room for growth in Alba’s share price is undeniable. VALUATION RATIONALE - Our valuation in this First Equity Limited initiation note uses a risked valuation approach for Alba’s two main projects, at Horse Hill and TBS. The Horse Hill licences are valued using independent published technical data from Schlumberger, Xodus and Nutech on the oil potential of the licences, along with our own assumptions on recovery rates, oil discovery value, resource and development risks factors. From this a risked value of $127m net to Alba on a ‘Base Case’ basis is derived for Horse Hill. Given the similar geology and economic potential of both TBS and Dundas, we have adopted a risked closeology valuation approach, by computing an NPV for Dundas of $223m and then applying a three-tiered risked probability calculation to arrive at a value of $54.7m for TBS. Once Alba announce its JORC resource and exploration target at TBS and Bluejay its Feasibility Study results, this number is likely to be revised upwards very rapidly, possibly up to $200m, representing up to 7p per share in additional shareholder value. We compute a valuation of $185m (£139m) for Alba, equating to 6.0p per share, of which 4.1p is attributed to the stake in Horse Hill, 1.8p for TBS. Given this analysis and wealth of valuation catalysts anticipated across the project portfolio in the coming months, we recommend the shares as a ‘BUY, with a Target Price of 6.0p, representing a potential 15 times plus uplift from the current share price.
tomboyb: Agreed Keya - Which is why regardless of share price variations any further news to help will push the share price up much further - You don't put in £250k for a laugh -
Mayan share price data is direct from the London Stock Exchange
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