Mayan Energy Share Discussion Threads

[highly geared] 13/11/2017 08:35

Looking perky this morning; £10 million market cap would seem reasonable for the asset base and a first successful work over.

[miahkaysor] 13/11/2017 08:23

Bargain at this price!!!!!!!

[miahkaysor] 13/11/2017 08:17

Buys showing in red!

[miahkaysor] 13/11/2017 08:16

740788 is a buy!

[patientcapital] 13/11/2017 08:13

And still only be £7.3m mcap.

[miahkaysor] 13/11/2017 08:11

1p today at this rate????

[jungmana] 13/11/2017 08:06

O/t TXP produce 1600bopd and increasing, $9m in cash, $14m debt which repayment starts in 2019 and have market cap of just £16m right now.Dyor always

[miahkaysor] 13/11/2017 08:03

1p this week!!!!!Nai dyor!

[kingkongtimmo] 13/11/2017 07:58

Anything under 1p is a bargain this week, people waiting with fingers on the button in a few minutes

[peterz] 13/11/2017 07:53

Having bought in long before dilution. I will need some uplift to recoup my present situation at almost 99% down.

Hope the excitement becomes a reality - not long to wait!

[patientcapital] 13/11/2017 07:49

Looking forward to hitting those targets Keya!

[someuwin] 13/11/2017 07:48

Re-rating to continue strongly this week imo.

[graylyn1] 12/11/2017 22:06

When all them wells are pumpin we gonna have a lot of oil to sell! ye ha. :-

[keya5000] 12/11/2017 20:51

ProfW
Posts: 212
Off Topic
Opinion: No Opinion
Price: 0.695
RE: ProfToday 20:46Wafer Thin Kumo>> and Explosive Growth.. Example # 1 >> BZM



Wafer Thin Kumo>> and Explosive Growth.. Example # 2 >>UKOG



Wafer Thin Kumo>> and Explosive Growth.. Example # 3 >>SOLG



Wafer Thin Kumo>> and Explosive Growth.. Example # 3 >>SOLG



Need any more Examples?

Remember..

Longer the THIN Kumo >> Higher the RISE...

Go back and look at MYN's Thin Kumo Length

Let Me make it easier..



Remember the SUTRA:

The LONGER the Wafer is..

The HIGHER the Rise Will Be

[astralvision] 12/11/2017 20:39

I'm liking massive and explosive. Ain't unexpected though, just plain stupidly cheap so fill yer boots, free money here.

[keya5000] 12/11/2017 19:55

from LSE ProfW

A Wafer thin Kumo Cloud + Mirroring the sme curvature of Kijun Sen & Tenken Sen

As you see within those 2 highligted circled areas is the signal for..

A sure fire indicaters of an impending Massive, Explosive, Sudden , Unexpected rise

[tomboyb] 12/11/2017 19:02

Some very good posts on this thread -

Couple that with sellers departed and news around the corner this week we could see the share price much higher -

[keya5000] 12/11/2017 18:46

Expecting a very good week mate.

[tomboyb] 12/11/2017 18:35

Very excited for the week ahead -

Bring it on -

Keya got a huge chunck around the 0.30p mark -

[highly geared] 12/11/2017 16:27

Most scenarios well discussed I think. The proof will be in the pudding with the first workovers.
I like Myn,at £5 million market cap, as the potential for success is barely priced in.
It’s a really good low risk opportunity to get into a 10-20 bagger at the start.
The oil wells are already there so no wild cat drilling risk and no multi million drilling costs with low chance of success. Steady rework of proven wells ( albeit low bopd)with modern technology could bring home the bacon.
I also like the fact that Kahn and Gonzales have serious skin in the game , theirs and our interests aligned.
I still contend the mistake here will be to sell too early if the first wells are good as the 12 month price could be 7p+. Anything below £10 million market cap a strong buy provided initial workovers are good.

[brasso3] 12/11/2017 16:21

Everyone getting some rest ahead of the excitement tomorrow.

[bmwman3] 12/11/2017 16:16

Quiet here today! I personally am full of anticipation for a good Monday! Good luck all!

[highly geared] 11/11/2017 22:58

If 1000 Bopd by the end of 2018 then this should commmand a £50 million market cap , 10x current levels. Delivery of the strategy will become apparent in the next few months so I’d expect a progressive re rate of the share price as each successful work over is reported. We have the first 3 work overs coming up.

[graylyn1] 11/11/2017 21:52

The prospects here are really good If the new current management deliver.....
TKEN FROM THE RESEARCH NOTE 7th September 2017.



Production targets

Mayan is now well positioned for growth as the new management team is focusing on restoring production. Importantly, they are ensuring that Mayan gets much better production, much cheaper production and in a better location. The focus of attention is on Texas and Oklahoma as here management know that properties with decent wells, full infrastructure and production costs of between $10 – 15 a barrel, are available for acquisition.

The funds raised recently are expected to be almost sufficient to take production up to as much as 400 bopd, possibly within a matter of months. The £2 million farm-in deal, with Dr Kahn’s company Longview Oil & Gas at Zink Ranch is expected to allow production to climb to 400 bopd where Mayan will receive 200 bopd. At the other properties, Mayan believes that it will need to invest $250,000 – $300,000 to get another 400 – 500 bopd, with the company benefitting to the tune of 250 bopd.

CEO Eddie Gonzales has suggested that 250 – 400 bopd should be achievable within six months and has a target of 1,000 bopd before the end of 2018. Once such a level of oil production has been achieved on a sustainable basis management will be seeking to increase production by 250 bopd per quarter. The economies of scale and the cash flow that comes from consistent production at such a level would provide a powerful force to take Mayan to the next level.

Between them, Zink Ranch, Stockdale Field and Forest Hill Field can easily provide in excess of 1,000 bopd net to the company. These give the company a solid foundation on which to acquire additional inexpensive and low capital-intensive projects. It does seem that the management team has a shortlist of projects that Mayan could acquire once sustainable production at a decent level is achieved where funds are available for development costs. Dr Khan has an enviable deal flow of oil and gas projects as he works as an oil company broker, and which should allow Mayan to pick up some of the projects that suit its acquisition criteria.