Mayan Energy Share Discussion Threads

[highly geared] 27/9/2018 12:38

For oil, I'm in TXP ; 2,000 BOPD, likely to rise to 3,000+ through 2019 and this excludes high impact exploration prospects to be drilled 2019(Ortoire). Market cap £22 million; 4x MYN but producing 25x the amount of oil!

[piperpeter] 27/9/2018 12:22

Any speculators here may wish to have a look at ECR Minerals.

You wont find oil there, but you might possibly find gold.

ECR.

Pp.

[highly geared] 27/9/2018 10:22

Revenue for first 6 months $20,000.
Operating costs $850,000.....
Lost faith in this 4-5 months ago when it was becoming clear that EG was all talk but on the ground results didn’t match...
At their lowest estimate they should have been at 300 Bopd net and they are at... 80..
The recent wells give ‘hope’ but I’d want to see 6 months production figures and revenue before looking here again. With WTI and Brent at decent prices , a good low risk small cap oiler could provide decent returns. If anyone knows one....?!

[daar] 27/9/2018 09:57

What happened to the 500 bopd production by year end?

[sleveen] 27/9/2018 09:18

"the Company expects stabilised net production to be above the key 80 bopd level by year end."

OMG no wonder there was no updates of oil production in the RNSs.

They've no cash.

Avoid IMHO.


PLACING AHOY!!!!!!

[bigren77] 27/9/2018 09:14

Hopefully just a tree shake

[grannyboy] 27/9/2018 09:12

Well Eddie seems to have disappeared from the scene and there's talk of personnel changes...

[grannyboy] 27/9/2018 08:12

spagnolia you could ask them if it's normal in the Jurisdiction they operate in whether it's normal for delays in getting approvals and permits, or is it just company incompetence?...

[spawny100] 27/9/2018 08:11

Excellent. My questions are probably all ones you've already thought of - please give us some numbers to work with Eddie!

[spagnolia] 27/9/2018 08:09

Will make it taking off now so all good!! Will update...

[spawny100] 27/9/2018 08:04

Oh shame spag was hoping for a report on it!

[spawny100] 27/9/2018 08:01

Has to be today before 10am if he's going to talk about anything meaningful at AGM Mike. Wouldn't be surprised if mm's try to flush out some weak hands next couple hours.

[spagnolia] 27/9/2018 07:57

Due to be at the agm but stuck on a plane! May get there late if u have any questions....

[113mike] 27/9/2018 07:55

half year results to June 30th are due also...past two years they've been released on the 29th & 30th on Friday. So we might get ops update today & results tomorrow or both at the same tomorrow.They might also be waiting on the PQE confirmation on them producing the 1000bopd target which should be forthcoming soon.

[bigren77] 27/9/2018 07:53

Fingers Crossed

[113mike] 27/9/2018 07:31

AGM is 10am so still a few hours yet for the update..

[spawny100] 27/9/2018 07:17

No update? Why not?

[sleveen] 25/9/2018 18:36

Expect the operational report to be upbeat (would anyone expect anything else?)

But the financials will tell a different story.

IMHO.

[113mike] 25/9/2018 17:53

lots of sells past couple of days..not looking so good is it?

[lab rat99] 21/9/2018 09:23

So you are happy that you bought in at a higher price and are sitting on a loss? Think most people with any sense would prefer to be buying in at a lower price. So when this re rate starts you will be recovering losses and not making profit. Well done faultless strategy.

As said should have listened clearly you are thicker than a castle wall.

Lets hope the update next week does not disappoint, poor half year results may result in a nasty drop. May be tempted to buy back in at the low .3 and wait for the next pump.

[cahus] 20/9/2018 17:15

Lab rat on the contrary I feel a re-rate on the carte. Still time buy some early morning bargain price. Even if you make £100 trading you would get shot loads of Aloo Bhaji from you veg hut