Mayan Energy Share Discussion Threads

[spawny100] 09/5/2018 21:49

Why look at FARN Shirley? Another deadcat bounce in a onetrick pharma just like IMM you were trying to pump a while back. MYN doesn't need pumping like those dogs.

[shirley83] 09/5/2018 21:20

Agree granny but it will come.. Have a look at FARN..

[grannyboy] 09/5/2018 18:37

I'd like to see it over 1p, but it would appear the mm's have different ideas..

[shirley83] 09/5/2018 14:16

Should see this over 1p tomorrow

[eye2] 09/5/2018 14:14

Has seller gone ??????????? sell over the bid in size

[eye2] 09/5/2018 14:13

MMs want stock today guys

[shirley83] 09/5/2018 13:54

Bid increased so they looking for sellers

[cudmore] 09/5/2018 13:51

Pile them up Shirley......donR17;t miss this ride northwards!!!

[shirley83] 09/5/2018 13:42

It's positive the system must be broken

[cudmore] 09/5/2018 13:20

Get ready for the rerate here......we know it’s coming. Massively undervalued and ticking all the boxes for a major rerate.

[spawny100] 09/5/2018 13:05

Cheeky shake out. Makes no sense that oil is at 3 year high and we have a cash cow expandable low risk business model. Maybe now they'll let it go up.

[113mike] 09/5/2018 12:23

Mayan holds an investment of GBP300,000 in Block Energy, via GBP90,000 of equity @ GBP0.0085 per share and GBP210,000 in a Secured Convertible loan with a flat 10% coupon, as announced on 27 June 2017. The loan note converts at a 10% discount to any price at which Block Energy's shares are listed or admitted on any stock exchange other than NEX.Mayan Chairman, Charlie Wood said "We are pleased to see the progress Paul and his team at Block Energy are making on the development of their portfolio of assets in Georgia. The impending publication of a CPR and progression to dual-listing on AIM signals the next step in their development phase and the unlocking of value for Mayan as a Block Energy shareholder."

[113mike] 09/5/2018 12:20

FYI....Aim listing planned by end of June 2018March 2018 Block Energy plc ("Block Energy" or the "Company")Interim ResultsBlock Energy, the exploration and production company focused on the Republic of Georgia, is pleased to announce the Interim results for the six months period to 31 December 2017.Highlights• Significant progress made in building a leading independent oil and gas Group focused on Georgia, a low-cost, business-friendly country with proven but under developed reserves • Increased interest in and assumed operatorship of Noriokhevi (Norio) 100% Working Interest ("WI") and Satskhenisi (90% WI) fields which hold 2P gross oil reserves of 1.6MMbbL with an NPV of US$26.7m (CPR)• Together with an agreed earn in of up to 75% interest in the West Rustavi licence which raises NPV of net 2P oil reserves to US$35.63m net to Block, provides the Group with significant asset backing• Asset base is located in prolific hydrocarbon region close to Schlumberger's 100% owned strategic position and holds Group-making development potential: o 35 MMbbls contingent (gross) oil resources (2C) identified in the Gustavsson prepared Competent Person Report (CPR) on Norio and Satskhenisio 37.9 MMbbls 2C oil and condensate on West Rustavi in addition to a gas target with contingent gas resources of 608BCF (2C) (gross unrisked), which forms part of the play being targeted by oil services giant Schlumberger on the neighbouring licence • Defined three stage development programme: Stage 1 centred on low cost, low risk workovers and side-track drilling of existing wells targeting significant increase in production within 18 months - set to commence on AIM Admission in H1 2018• Appointment of high calibre Board with required skillset to deliver work programme -conditional on AIM Admission• Sale and Purchase Agreement signed for non-core Asheba Asset – completed post period end and US$600,000 cash consideration received

[113mike] 09/5/2018 09:38

from Align Research blog yesterday....The message that is coming through loud and clear from CEO Eddie Gonzalez is that the company has a well-defined growth path not just to the intermediate target of 300 – 500 bopd, but to the substantially higher levels of production in line with the longer term corporate strategy that the Board has outlined in the past. This out and out growth story is based on the Board's goal of adding 1,000 bopd each and every year. Certainly the performance over recent months revealed today ought to serve to answer the critics of Mayan that has come from certain quarters.We believe that today's announcement together with the unexpected news on the gas discovery at Stockdale per HERE revealed 2 weeks ago provides greater transparency to investors about the fast-changing fortunes of Mayan Energy. Eddie undoubtedly marked investors' cards with his share purchase less than two months ago when he bought 2.2 million shares at 0.87p. At the current price we thus remain highly positive and reiterate our Conviction Buy stance with a target price of 2.1p. We are also to interview Eddie in the next several days in order that he can elaborate on the plans for the company in the months ahead

[113mike] 09/5/2018 08:24

The work completed to date at the site is in line with the strategy to commence production at an initial rate of 1,000bopd in Q1 2018.so production will be one month delayed...not significant in the overall scheme of things .. imho

[113mike] 09/5/2018 08:21

FYI. from a Feb 2018 rns..Asphalt Ridge, which is a heavy oil sands deposit with an 87 Million Stock Tank Barrels ("STB") contingent resource in place, is undergoing a multi-phase development to produce 5,000+ bopd by 2019. The work completed to date at the site is in line with the strategy to commence production at an initial rate of 1,000bopd in Q1 2018. As part of the main construction phase, the following work has recently been completed:-- The main structure of the plant has been reassembled -- Motor Control Center (MCC) installed to accommodate wiring for motors, pumps and mechanical equipment as part of the future expansion of the plant to the 5,000+bopd target

[113mike] 09/5/2018 08:12

Fyi... PETROTEQ PROVIDES UPDATE ON PLANT COMMISSIONINGSTUDIO CITY, CA, April 25, 2018 (GLOBE NEWSWIRE) --Petroteq Energy Inc. ("Petroteq" or the "Company") (TSXV: PQE; OTC: PQEFF; Frankfurt: A2DYWC), a company focused on the development and implementation of proprietary technologies for the energy industry, is pleased to update investors on the progress at the plant.With the hiring of its new CEO, David Sealock, Petroteq Energy has increased its focus on the final engineering, procurement and construction processes to prepare for the immediate commissioning and start-up procedures for the commercial operations of Phase 2 - 1,000 BOD/day expansion of the Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. While the Company reported in early March that all systems at the plant were operational, the Company's plan is for the final stages of engineering and construction to integrate all of the operating functions to work in simultaneous progression to achieve commercial production in May.Since March 26, 2018, the Company:Is completing the final stages of the construction activities on the Project with operations personnel focused on critical path items;Is completing the local downstream market contracts for the Asphalt Ridge heavy oil production;Is continuing to investigate and pursue business development opportunities for the Company's technology, to demonstrate the technology's favorable extraction processes; and  Is broadening its working relationships with leaseholders and government agencies supporting the development of Utah Oil Sands."Petroteq has taken major strides in developing technology to transform Utah's oil-rich resources to energy," stated David Sealock. "We expect the Phase 2 - 1,000 BOD/day expansion of the Asphalt Ridge heavy oil extraction facility to demonstrate the multi-decade production commercial viability of the Company's patented and unique technology. As the team finalizes our construction work packages and implements a five-stage commissioning and startup process, we are on target to transfer the facility to production operations in May."About Petroteq Energy Inc.Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction. The Company has an environmentally safe and sustainable technology for the extraction of heavy oils from oil sands, oil shale deposits, and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. Our proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The Company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. In addition, the Company, through its wholly-owned subsidiary PetroBLOQ, LLC, is seeking to develop the first blockchain based platform created exclusively for the supply chain needs of the oil & gas sector. For more information, visit www.Petroteq.energy and PetroBLONext yr : targeting 5000 bopd output I believe...no ramp intended dyor etc...

[113mike] 09/5/2018 08:02

AR to be producing by end of May.

[gimmetheloot] 09/5/2018 07:59

We will get AR news soon out of Mayans control.

[highly geared] 09/5/2018 07:23

Just catching up here.

Two things stand out:

- they still haven’t tied in the 4 other FH wells and the language remains vague around this. Having mentioned it in the previous RNS , they need to do better than this. There was also mention of new leases previously but no update. Asphalt ridge has also gone quiet.
- progress is steady but there are holders with tens of millions of shares who continue to dump into and quash any short term rises.

This remains a share with great potential but until the big seller is out and Myn improve delivery against timescales , it may continue to tread water.

[spawny100] 09/5/2018 07:19

Not hard to find guys. Come in lets get this moving North steadily..

[113mike] 09/5/2018 07:17

Yep, give us a summary of what it says at least!

[spagnolia] 09/5/2018 07:11

You have a link Croa?

[croasdalelfc] 09/5/2018 07:08

Myn mentioned in the Mail

[spagnolia] 09/5/2018 06:22

Wow OIL flying to!! :-)