Mayan Energy Share Discussion Threads

[keya5000] 08/11/2017 14:36

500 bopd = about 1.6p

[someuwin] 08/11/2017 14:33

In the weeks to come this current price will look stupidly cheap.

[dave4545] 08/11/2017 14:29

Strongest it's been today, can sell at 0.43p and 0.44p to buy

[tomboyb] 08/11/2017 14:26

500 bopd -

looking at 1p plus -

[dave4545] 08/11/2017 14:13

mm's playing their games.

There was no sell quote at 0.43p then 0.42p but when they drop it to 0.39p bid they bid a premium for size because they want all the stock they sold at 0.42-0,45p back for a nice profit.

[kingkongtimmo] 08/11/2017 14:08

Both my buys at .42 showing as sells

[dave4545] 08/11/2017 14:05

Offering stock at 0.42p bid price now. Demand is there but got to clear mm's lines of stock before it moves above 0.45p

[graylyn1] 08/11/2017 14:04

tell you what, if you blink you will miss this, yet more positive news flow.

[dave4545] 08/11/2017 14:03

torp

If I listened to you I would have bailed at 0.38-0.39p it's just issued another Rns and shot up.

Offering stock again at the bid price so do not be fooled that all those trades showing as sales are sales, most are buys

[someuwin] 08/11/2017 14:02

"...Together with the commencement of a workover and well stimulation programme at the Forest Hill Field in Texas, the next few weeks will not be short of high impact newsflow as we advance towards our initial 500bopd target."

[piperpeter] 08/11/2017 13:38

From November 1 2017 (ref post 539 someuwin).

Dr. David Kahn - Chief Technology Officer at Mayan Energy.



Approx. 11:45 mins to 23:30 mins.

Pp.

[cashandcard] 08/11/2017 12:38

The board & management have just under 15%


Cash

[patientcapital] 08/11/2017 12:36

Worth reviewingMayan Energy Limited Align Research initiation of coverageSource: RNS Non-RegulatoryTIDMMYNMayan Energy Limited07 September 2017Mayan Energy - Initiation of Coverage. Speculative buy - price target 1.6pRapidly growing oil production from low-cost, distressed assetsDallas based Mayan Energy listed on AIM in 2013 under the name Northcote Energy. In September 2016, successful US business man Eddie Gonzalez became CEO and introduced a new management team adopting a sensible new strategy.Initial target to grow oil production to 1,000 bopd in 2018Mayan is re-focusing on the mature oilfields of Texas and Oklahoma. Developing shallow, low-risk projects with low levels of capex and infrastructure already in place. From this sound base, the company is seeking to grow production to 1,000 bopd within 12 months, adding 1,000 bopd annually thereafter.The Board & Management team has just invested GBP330,000, aligning interest with investorsEddie Gonzalez has started building an impressive team of oil industry heavy hitters. One of them, Dr. David Kahn, who has been behind a number of 10,000+ bopd companies, has invested GBP250,000. This level of investment speaks volumes for the directors' desire to see Mayan become a successful growth stock.Using powerful technologies to increase returnsNew technologies will be used to improve downhole information and recoveries. These include the nanosurfactant ERA-3, which has been shown to improve recovery as much as 5-fold. This is a proprietary technology developed and owned by Mayan's new Chief Technical Officer, Dr. David Kahn.DCF analysis reveals potential upside of in excess of 1,300%Discounting our forecast cash flows (at a conservative rate) following the well workovers & new wells at the company's growing list of projects & also adjusting for a further modest capital raise provides upside towards 1.6p. With the shares currently at 0.28p, and reflecting the risks involved, we initiate coverage of Mayan Energy with a Speculative buy stance.To download the full note visit This information is provided by RNSThe company news service from the London Stock ExchangeENDNRADMGGLVVGGNZM(END) Dow Jones NewswiresSeptember 07, 2017 02:25 ET (06:25 GMT)

[torp] 08/11/2017 12:04

Hype is all it is Dave. Same old.
Looks to me they still trying to clear the overhang from last placings. Then it will be time for next placing. Same old cycle here. Pump on fantasy BS then BAM, millions more shares at discount.

As the old Who song goes . . . "Won't get fooled again!"

[sleveen] 08/11/2017 11:38

dave4545

what results, ie how many bopd, are you expecting?

[dave4545] 08/11/2017 11:35

If people want to sell then sell. I like the chart and 0.39-0.4p has support to match any selling.

The Hype on the drill results might help this break and gap up next few days so I'm happy to hold.

[astralvision] 08/11/2017 11:30

Chart looking tasty.

[highly geared] 08/11/2017 10:59

Torp, not really. Pointless buying for a 10% flip when good news on the first work overs will see this double; we’ll know by next week...

[patientcapital] 08/11/2017 10:49

MYN.GB on iOS monitor btw.

[patientcapital] 08/11/2017 10:47

Vol on NEX 9.19m up 2.5%

[dave4545] 08/11/2017 10:30

Looks a lot better now. Fill or kill at 0.4p offer easy to sell.

Must be a lot of action on the Nex as pretty quiet on the ord

[someuwin] 08/11/2017 10:30

Can't buy any.