Mayan Energy Share Discussion Threads

[miahkaysor] 22/11/2017 08:10

1p today??

[dave4545] 22/11/2017 07:45

I'd not listen to a word align say. Did you see their update on MRS yesterday, completely the opposite to their previous update because they had been sacked by MRS.
They are no better than the conmen that post on advfn like timw3 who ramp ramp ramp and then once they sell they start deramping the stock.

[patientcapital] 22/11/2017 07:34

For the record!Align Research Mayan Energy update noteMayan Energy - Update Note New Conviction Buy stance. Revised near-term price target 2.1pFollowing news on the 16th Nov 2017 of a £2m placing & investment into SPV Deloro Energy LLC, in which a 49% interest is being acquired from Petroteq in the Utah based Asphalt Ridge heavy oil prospect, we revisit our valuation model for Mayan Energy. Trading at less than 2 times our earnings estimates for FY18 the stock remains dramatically undervalued.Oil production expected to hit 500 bopd net by early summer 2018Mayan is developing shallow low-risk projects with low levels of capex and existing infrastructure in the mature oilfields of Texas/Louisiana. Management plans to add 1,000 bopd annually with the promise to shareholders of no shortage of high impact value trigger events over the next few months.New Asphalt Ridge project could add 400 bopd net within 30 monthsThe latest deal is a heavy oil play in Utah where oil sands are mined and oil extracted by a patented advanced technology invented by £40m market cap TSX-listed Petroteq Energy. In this deal, Mayan/partners will gain access to this technology to roll out to similar plays in Utah and worldwide.Significant increase in reserves is on the cardsMayan has fast improving fundamentals and significant inventory of new wells & reserves, which should provide a significant reserves upgrade which we anticipate will provide a material uplift in the value of the company.DCF analysis reveals an upside of almost 700%Discounting the forecast cash flows (at a conservative rate) from the workovers/new wells at the existing operations, as well as the new Asphalt Ridge project allows us to confidently increase our near term target price to 2.1p. We update coverage of Mayan Energy & move to a Conviction Buy stance.To read the full note visit

[sleveen] 22/11/2017 07:28

Agree Brasso3, what are the decline rates of the worked over wells.

[brasso3] 22/11/2017 07:25

The market needs to see some more evidence that these workovers are effective. I think it is a hard one to value with no reserves and investments in two other companies. I expect this will bounce soon to around 0.7p.

[highly geared] 22/11/2017 07:23

Slightly surprised this has dipped below placing price but perhaps some residual selling of shares by holders that got in at 0.3-0.4?
Selling now seems illogical now Myn are fully funded for c. 30 workovers , by which time they’ll be self funding/ profitable. The projections into 2018-19 point to a 5-10 bagger from these levels for the patient.

[tomboyb] 22/11/2017 06:36

Thanks for that -

Align new target of 2.1p -

[spagnolia] 22/11/2017 06:29

Some great snippets and images on the CEO's Twitter Acc....all looks very positive!!! Great write up to...

[jamdan1] 22/11/2017 06:18

Very good write up. They expect 2.1p in the very near future. I'll be very happy with that!

[richie666] 22/11/2017 06:07

New Align update note released this morn -

[spagnolia] 21/11/2017 13:25

Maybe news end of this week or early next!!

[graylyn1] 21/11/2017 13:21

just added 125k @ "BID" price .58 what gives?

edit: ah, now they drop it, looking cheap now imo, news can not be far off.

[ryan83] 20/11/2017 15:02

"While the expansion to 1,000 bopd will be a significant milestone, we want investors to know that our scalable technology will allow us to add additional production capacity as cashflow permits to bring us from a thousand to ten or twenty thousand barrels a day from our resource. At the same time we can use licensing opportunities to take the technology to the many countries that have similar resources," Alex continued.

[piperpeter] 20/11/2017 14:58

An EBITDA sum of $8,500,000 from 1250 barrels per day average production at Asphalt Ridge would make MYN's interest, at 8.3%, worth US$705,500 profit for the year.

And they're targeting 1,500 barrels per day next year from Asphalt Ridge, with 1,000 barrels per day by February?

Looks like easy money to me.

Pp.

[profw] 20/11/2017 14:56

Vox Podcast

hxxps://www.voxmarkets.co.uk/activity/84067/?source=app

Seems like a REHASH of the last podcast on Vox Markets but JUst MYN now

[ryan83] 20/11/2017 14:27

re Petroteq, a must read.....

[ryan83] 20/11/2017 14:26

lol TG, new era

[ryan83] 20/11/2017 12:07

MYN

we are looking at 8 wells in production the end of December.

At an estimated 50BOPD each = 400BOPD (although I do expect higher from my research).

At $15 net back per barrel to MYN = $6k per day to MYN, that's $2.1m per year PROFIT.

High impact news is coming using DK's words 'ladies and gentlemen'

[ryan83] 20/11/2017 12:03

I would make these amendments
Croasdalelfc
20 Nov '17 - 09:56 - 1167 of 1168 6 0

Fag packet numbers:

Stockdale:

Morris 1 unstimulated 16-18 bopd >>>>> after stimulation 35-50 bopd.
EDIT!!this is the upper zone only! Add the lower zone to this. I would suggest 50-60BOPD sustained. The lower zone flowed 4 barrels per hour, this needs flow testing after clear out and sand plug pulled. ZOne 1 = 16BOPD, ZOne 2 = 50BODD?? = 65BOPD

Targeting 10 wells so with similar results at the low end should produce 10 x 35 = 350 bopd

EDIT!!! Again this does not include both zones 1 and 2.


Forrest Hill

Galbreath 19 unstimulated 21bopd >>>>>> after stimulation 43 bopd >>> after retubing and new pump >>>50-60 bopd possibly more

Two more wells targeted by early December BUT latest podcast with DK (17th Nov) suggested 3/4 more wells shortly (NB Results said Phase 1 workover program would be 6 wells) with a short term target of 125-150 bopd (gross?)

Long term target of 30-40 wells.

So by end December net oil to MYN 75-100 bopd.

Also huge upside from Reserves update at Forrest Hill ‘in the next few months’

Plus net 83 bopd from Asphalt ridge by End Feb.

Plus 2.55 interest in Block energy

Plus 50% Farm out of Zinc Ranch where 4 new wells planned and 5 workovers

Longer term target Summer 2018 would be net 175 bopd (10 x 17.5) at Stockdale and net 750 bopd (30 x 25) from Forrest Hill plus net 100 bopd from Asphalt Ridge >>>>>

1000+ bopd @

[profw] 20/11/2017 10:38

Croasdalelfc


Lets add some Dollars to those Barrels..

100 BOPD Equals annually at 300 production days 30,000 Barrels

Which at $60.00 Per Barrel equals a revenue of $1,800,000

A Mid sized Oil Producing Company has a market cap of around 10 -- 25 Times annual Revenues or PSR of 10 --25

Lets assume 10 as the PSR which would be a market cap of 18 Mill USD

At an Exchange Rate of £0.7600 per USD that equals a market cap of £ 13.68 Mill

With 1,166,335,931 shares in issue tat equates to 1.17 p Per Share

If you are talking of 1000 BOPD we are talking about an share price of 11.70 p

[croasdalelfc] 20/11/2017 09:56

Fag packet numbers:

Stockdale:

Morris 1 unstimulated 16-18 bopd >>>>> after stimulation 35-50 bopd.
Targeting 10 wells so with similar results at the low end should produce 10 x 35 = 350 bopd

Forrest Hill

Galbreath 19 unstimulated 21bopd >>>>>> after stimulation 43 bopd >>> after retubing and new pump >>>50-60 bopd possibly more

Two more wells targeted by early December BUT latest podcast with DK (17th Nov) suggested 3/4 more wells shortly (NB Results said Phase 1 workover program would be 6 wells) with a short term target of 125-150 bopd (gross?)

Long term target of 30-40 wells.

So by end December net oil to MYN 75-100 bopd.

Also huge upside from Reserves update at Forrest Hill ‘in the next few months’

Plus net 83 bopd from Asphalt ridge by End Feb.

Plus 2.55 interest in Block energy

Plus 50% Farm out of Zinc Ranch where 4 new wells planned and 5 workovers

Longer term target Summer 2018 would be net 175 bopd (10 x 17.5) at Stockdale and net 750 bopd (30 x 25) from Forrest Hill plus net 100 bopd from Asphalt Ridge >>>>>

1000+ bopd @

[jungmana] 20/11/2017 09:01

Just doubled my holding. Got the shares I want now.Gla

[cashandcard] 20/11/2017 08:48

HG,


Agreed. This has very far to go. I would be happy to see wells at forest-hill producing 35-40bopd gross across the field. The numbers will pickup with every new well. Then there is Stockdale. 300-500bopd 'near-term' makes this one of the best value plays amongst smallcap oilers. The biggest risk oil companies usually face is the presence (or not) of oil. That is not a risk faced by MYN.

Eventually, the market will wake upto this when results come through thick and fast. Your PE 4-8 looks very conservative given the astonishing PE's afforded to smallcaps across the sector that do not produce much at all.



Cash

[brasso3] 20/11/2017 08:19

Just bought back in at 0.619p.