Mayan Energy Share Discussion Threads

[1bonanza] 18/6/2018 15:01

Something afoot?

[malctim70] 18/6/2018 06:41

Its triple bottomed and I feel this could be a very good week for myn...

[113mike] 16/6/2018 15:05

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

[cudmore] 14/6/2018 13:08

Cant believe these haven’t broke 1p on all the positive news. Top up on the dips it is then!

[scgoliath] 14/6/2018 10:38

All PI's please note we will stay in the range until longer term buyers can no longer pick up cheap shares from impatient smaller investors who cannot wait the course... this is happening on a lot of quality shares. Holding is the best course :)

[brasso3] 13/6/2018 19:18

Block Energy
I met with Paul Haywood, CEO of newcomer Block Energy that started trading on Monday on the Aim market yesterday and got a good look at what the company is about. I understand that the placing went well, was oversubscribed and increased in size as well. Good work from Gneiss Energy and some meaningful institutional holders in there.

Block has an oil and gas portfolio in Georgia which shows some promise, as with other companies nowadays the accent is on workovers, recompletions and reactivations to deliver increased production. And it certainly needs that, at present it is only producing 15-20 b/d but has plans to reach 250 b/d after a 10 well programme (each well takes an average of 15 days) and further down the line 900b/d. The company breaks even at 110 b/d at $70 oil and they receive Brent minus $10 for their light oil. The early oil production will come from the Norio and Satskhenisi fields whilst in the longer term the plan is to find oil and natural gas in the West Rustavi field. It does not go unnoticed that Schlumberger are active ‘on trend’ with a substantial work programme this year in the adjacent block and any success for them would undoubtedly have a knock on effect.

It is clearly very early days for Block but Georgia is in my view a very good place to operate and as evidenced by Frontera has scope for substantial progress. In addition to the new shareholders Block has an established local operator on the shareholder list, the management has around 7% of the stock and they have a lively retail presence. It will be a long haul but worth keeping an eye on especially after the workovers and the move to West Rustavi.

[scgoliath] 13/6/2018 13:13

TX Spawny100, sadly looks to me like big sellers behind scenes again today who wants share price at .72 to sell, so MMs raised and contracted the bid to cloak it.

[spawny100] 13/6/2018 12:03

Well said scg. Perhaps that was final clearcut of seller yesterday?

[scgoliath] 13/6/2018 06:35

Don't sweat the dailies, fundamentals real strong here expect lot of shorts gonna need closing when it bounces. Sell at your peril

[tsmith2] 12/6/2018 22:22

Support at .6p

[scgoliath] 12/6/2018 22:03

PIs being played here. Big buyers taking £10k+ chunks today. Think we're not paying attention. MMs make it happen take it up when they want, just got to hold sit tight until they do.

[highly geared] 12/6/2018 08:14

Probably traders assuming yesterday’s update means no news for a while. What’s happening to to tie in of the other 4 wells at Forrest Hills as we’ve had nothing for weeks on that?

[113mike] 12/6/2018 08:09

Keeping the faith but it's painful be I g patient!

[113mike] 12/6/2018 08:07

Yes, very disappointing. Hopefully just down to a tree shake and nothing more!

[spawny100] 12/6/2018 07:55

Oh i don't like that move. What's going on?! No real volume to justify such a move so surely a shake fishing for stops while it's quiet?

[brasso3] 10/6/2018 15:22

Block Energy, the exploration and production company focused on the Republic of Georgia, is pleased to announce the results of an independent Competent Person£s Report (£CPR£) prepared by Gustavson Associates (£Gustavson£), which confirm the asset backing behind Block Energy, comprising gross 2P oil reserves of 1.6 MMbbl and an NPV10 of US$26.9m for its Norio licence (100% Working Interest). A further 0.9 MMbbl have also been identified on the previously producing West Rustavi permit where the Company has an agreement in place to farm-in to a 75% working interest and 11.3MBbl at its Satskhenisi Licence (90% Working Interest)

In addition, the CPR highlights major development potential across the asset base, including gross contingent resources (2C) stand at 73 Million barrels of oil and a significant 626BCF of gas across all three licences. All three permits are located within immediate proximity to Georgia£s largest discovery, which at its peak produced approximately 70,000bopd, accounting for nearly 95% of Georgia£s total oil production and recently acquired (100% working interest & operator) by major oil services Company, Schlumberger.

The complete CPR can be found at the following link:

[brasso3] 10/6/2018 15:21

Mail on Sunday

An oil and gas company that plans to become one of the biggest independent players in eastern Europe by developing a £30 million prospect in Georgia is listing on the stock exchange on Monday.

Fund managers Miton Group and Amati Global are among investors who have raised £5 million funding for Block Energy through an oversubscribed share placing.

The firm will list on Aim with a £10.3million valuation, after buying two oilfields near Georgia£s capital, Tbilisi.

Fund managers Miton Group and Amati Global are among investors who have raised £5 million funding for Block Energy.

Block Energy, chaired by Gulf Keystone non-exec Philip Dimmock, says its potential resources in the Kura basin are worth $40 million (£29.9 million). It plans to produce 900 barrels of oil per day within 18 months.

Schlumberger, the blue-chip oil services company, owns neighbouring licences, which have already produced 200 million barrels of oil.

[brasso3] 10/6/2018 15:17

Should be a good day for MYN. I expect this could be one of the IPOs that goes up 50%+ in the first few days.

[grannyboy] 10/6/2018 14:03

Block Energy(BLOE) are listing on AIM tomorrow, following an over subscribed £5 million placing, with institutional investors Miton Group and Amati Global etc...Giving a MC of circa £10.3 mil...

[113mike] 08/6/2018 10:37

Yes, very frustrating. Hardly any trading vol atm...hopefully this will change for the better when we get lots more good news RNSs maybe later this aft and/or early next week...so much good news to be announced imho!

[spawny100] 08/6/2018 10:31

I don't think I've ever been in a share thst I've had more confidence in but which at the same time simply refuses to rise on a constant flow of only good news. Patience needed I suppose but getting fricking tedious here.

[113mike] 07/6/2018 21:23

Thanks for that Brasso3...all looking good for MYN imho..have got a few PQE too.