Mayan Energy Share Discussion Threads

[spawny100] 09/7/2018 15:54

Oh this share can have a blue day for once! So why the sells after news ay Petroteq?

[qackers] 09/7/2018 14:36

PETROTEQ REACHES CORPORATE INFLECTION POINT
STUDIO CITY, CA, July 09, 2018 (GLOBE NEWSWIRE) -- Petroteq's Asphalt Ridge FacilityPetroteq 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 its Oil Extraction facility in Asphalt Ridge, Utah.

RELATED LINKS
PDF Release PDF
PQE_Plant_150dpi
Petroteq's Asphalt Ridge Facility


Second quarter activities secured the completion of construction at the Asphalt Ridge facility, which is designed to produce 1,000 barrels per day (bod). The Company’s recent news for the first half of 2018 has been very exciting:

new capital of approximately US$3.86 million to date in 2018
the placement of key technical advisors to Petroteq’s advisory board
initial production.
News in July is what our current and future investors will be most interested in….we are on track to initiate “full on” operations at the end of July and ramp up our production to what we expect will be 1,000 bod.

On June 14th, Petroteq commenced its process train commissioning and start up with the successful completion of “first commissioning oil production” at our operations of the Phase 2 – expansion at the Asphalt Ridge heavy oil extraction facility located near Vernal, Utah, designed to produce 1,000 bod.

These operational developments have driven multiple initiatives at the Company that are anticipated to help the Company grow from its current position:

New research and development projects are underway which should further increase the efficiency and applicability of Petroteq’s patented extraction technology.
Petroteq has staffed up its internal team and advisory board to handle multiple business development initiatives related to domestic and international opportunities.
“The Asphalt Ridge project has surpassed expectations. The facility process trains are coming fully online safely, the production ramp-up plan is on schedule, and the commissioning and start-up activities are set to produce a high-quality heavy oil. We are especially appreciative of the dedication and careful planning and execution that our team and partners have demonstrated in achieving this remarkable result," said David Sealock, Chief Executive Officer. “Our investors and stakeholders can be proud of advances being made initiating the ramp-up of our production.”

“The successful completion of construction and commissioning at the Asphalt Ridge project is the direct result of a well-developed and executed strategy to complete construction and accelerate commissioning using synergies between our technical team and Asphalt Ridge operations staff”, said Alex Blyumkin, Founder and Executive Chairman, “the progressive hand off from construction to operations, is expected to see a staged ramp-up of production over time. The project was built during a period of low oil prices and has come online just as oil prices have strengthened.”

Following the June 14, 2018 “first commissioning oil production” of Asphalt Ridge’s first train, Petroteq anticipates operating the plant at a “ramp up capacity” by the end of July, which would prove the design capacity of 1,000 bod. At this time, the Company will be completing a two-week reliability test of the plant running in excess of 80% capacity.

[sleveen] 06/7/2018 15:25

The bad news is MYN will have to stump up a significant portion of the money for further AR payments without increasing its holding in Delero probably.

[113mike] 06/7/2018 15:15

FFS! we were nicely up in the blue ..now we're down on the day! No news or bad news on the way?

[nicosevos] 06/7/2018 14:22

broxybear @aimbullettrades 3m3 minutes ago

#PQE moving again on the TSX good for #MYN news coming?

[sleveen] 06/7/2018 14:08

s100

They'll be sold once the bids high enough, though I doubt 6m will be sold in one trade so we'll probably never know.

[grannyboy] 06/7/2018 11:01

Bit more positive today..SO FAR!!

[spawny100] 05/7/2018 11:26

Someone seems to think not sleveen. 6m buy perked price up a bit

[tsmith2] 05/7/2018 07:38

Graphs looks very shaky, down to around 0.45-.4p

[grannyboy] 05/7/2018 07:16

Well the share price performance is pointing to a fundraise in progress...but there was one only a couple of weeks ago...so must be those who participated are selling?..

[sleveen] 05/7/2018 06:51

Where's the money coming from to pay for the AR milestone payment. Don't say debt as Delero has no trading history?

It's you that doesn't understand, clearly.

jayj4u
5 Jul '18 - 07:49 - 2923 of 2924 (Filtered)

[jayj4u] 05/7/2018 06:49

If you don't understand then why are you investing in this company... go and play in the park with other kids. STRONG BUY!

[sleveen] 04/7/2018 15:16

Up 200% from 0.2p after oodles of confetti has been issued to purchase yet more well bores to workover.

[jayj4u] 04/7/2018 13:45

This stock will be up 200% when they hit the target. Time to buy more below 0.6p!!

[sleveen] 04/7/2018 08:45

I particularly like the Asphalt Ridge deal,

A placing for 15% of the Deloro, but MYN shareholders provided most of the cash with little coming from the other Deloro shareholders.

[113mike] 04/7/2018 08:38

Grim isn't it!

[sleveen] 04/7/2018 08:17

How many well bore deals will MYN need to do (and the associated placings to fund)to get to their stated target of 300-500 bopd NET.

MYN omitted to inform shareholders that further acquisitions would be needed to reach the target. So it's reasonable to assume that more deals will be done and more placings will follow.


"...The Acquisition is in line with Mayan's objective to increase net production to 300 - 500 bopd by securing select under-exploited US onshore assets..."

It does indeed sound like there's more deals to come and placings.

[grannyboy] 04/7/2018 07:47

But it dosn't look like it will be anytime soon..

[grannyboy] 02/7/2018 13:38

I'm looking forward to the share price reaching a min of 2p..

[jayj4u] 01/7/2018 10:19

looking forward to the AGM!!!

[113mike] 29/6/2018 16:56

RT AlignResearch "... look to hit our near-term production target of 300- 500 bopd and in the process transform Mayan into a highly cash generative US focused oil and gas company that is primed for growth" #MYN Re-rating we expect to commence in earnest as we go through Q3."