Mayan Energy Share Discussion Threads

[mkmmkm1] 16/7/2018 11:56

£15k buy this morning ... someone in the know??

[glibgibon] 12/7/2018 12:22

About another week before the commissioning testing is complete. Should be ramping production up to max for a while unless there are any problems. The plant has been officially open for about a month now with the formal Grand Opening due in September. I assume that they will be providing production figures at that time and we may see Petroteq's share price take off.

Their aim is for 2000bopd at end of 2019 and 5000bopd at end of 2020.
If the clean technology is proven to work, then it won't be the oil paying for the expansion of the plant. Huge potential here for clean tech and will be very sought after if proven over a long period of time. Could possibly provide Petroteq with expansion options in the form of JV's with other companies with heavy oil and oil sands.

Then there's our exposure to Blok and our own fields that are getting workovers and hopefully gas extraction soon. 300-500bopd target - awaiting next update after May's 100bopd figures.

[coldspring] 11/7/2018 15:50

Except for the fact it's massively oversold and the market needs to wake up to the true value on offer here.......

[croasdalelfc] 11/7/2018 15:33

Any reason for the late spike

[spagnolia] 11/7/2018 12:42

How much more selling?!! Need an update soon.....

[113mike] 11/7/2018 12:40

sellers are still around

[spawny100] 11/7/2018 12:32

Mayan doing its usual thing share price wise. What is going to pick this thing up?

[spagnolia] 11/7/2018 08:24

Spawny - good points. I think MYN have there fingers in some good ventures and Eddie has some good skin the the game to. If we can get to 300-500 BOPD it will be transformational coupled with Gas online to......I also believe we are in a great area....Fingers crossed we turn soon and some good news is forthcoming!

[113mike] 11/7/2018 08:20

twittered this morning. RT AlignResearch "Ref Mayan Energy #MYN Update note to come soon. Current Mcap - £7.7m. Net cash and current assets (BLOE & PQE) over £2m. Rump biz trading if they get to 500 bopd in next 5 months on circa 1 times 2019 earnings. Completely binary now. If mgmnt deliver X 4-5 ...

[113mike] 11/7/2018 07:59

Can't see anything released this morning anywhere. Blue atm. let's see how today goes

[brasso3] 11/7/2018 07:54

Has an RNS been released this am? It is showing up on my monitor but cannot see it on here.

[spawny100] 11/7/2018 07:34

spagnolia - I hope you are right. I was badly burned over at IMM who were promising the moon, then had a very similar discounted fully subscribed unexpected fund raise to sticky Institutional Investors just before the p3 results came out. Everyone said well surely the institutions must know something to be buying in like that before the results. Some questioned why IMM needed to raise funds just before the p3 results if they were expected to be good but were lone voices in the crowd who, with hindsight, should have been listened to. Am not comfortable with the acquiring more wells without raising the 300-500 bopd target either - implies the exisiting wells may not be productive enough?

Hope we are not in a similar boat here. Will know soon enough I guess

[spagnolia] 11/7/2018 07:14

News has to be close......and the people who came in during the recent raise must be aware of whats coming soon.....

[113mike] 10/7/2018 23:00

Another nice day rise for PQE..60% In the last week!C'mon MYN! Let's be 'havin yer!

[113mike] 10/7/2018 09:56

Have you got any PQE? If you're in MYN it could be worth getting a few?

[on target] 10/7/2018 09:51

MYN has a 17.1% interest in Deloro.
Deloro has an 8.2% interest in Petroteq (increasing to 15.1% on exercise of the warrants).

So MYN currently has a 17.1% * 8.2% = 1.4% interest in Petroteq

Source:

[piperpeter] 10/7/2018 09:50

I assume that Mayan's interest in Deloro will mean that MYN now has exposure to everything that Petroteq embarks upon, not just at Asphalt Ridge.

There is also the licensing and intellectual property rights to take into account re Petroteq's "clean" oil sands processing technology.

"Could be deployed worldwide".
"Could unlock global heavy oil deposits".

Pp.

[113mike] 10/7/2018 09:40

I've got some PQE shares from a few months ago. now showing a nice little profit with much more to come imo...med/long term hold..same as MYN...good revenue streams coming to fruition on both over the next 6-12 months imo...

[piperpeter] 10/7/2018 09:31

Mayan has a 17.1% interest in Deloro, which holds equity interest in Petroteq through its holding of 6,000,000 Petroteq shares and 6,000,000 warrants.

Mayan's interest is equivalent to 1,026,000 Petroteq shares and 1,026,000 warrants.

Pp.

[on target] 10/7/2018 09:05

Yet another Petroteq update.. Shame MYN only has a 1.4% interest.

[royalalbert] 09/7/2018 21:08

s100 exactly.

[spawny100] 09/7/2018 18:27

Thanks Moyle. So possibly mm's caught napping and trying to hide the buys then.

[moyle] 09/7/2018 18:25

They are buys at .56p as one is mine

[spawny100] 09/7/2018 17:49

No I'm not sure to be honest - I was simply going on their red colour on the daily chart. I suppose they could be buys disguised as sells by the crafty ones. Anyone?

[royalalbert] 09/7/2018 16:31

Are they sells? are you sure you could not buy at 0.56?