Mayan Energy Share Discussion Threads

[fairenough11] 21/12/2017 10:17

Jarvy55‏
@Jarvy55
2m2 minutes ago
More
#Myn next target 0.0956 at the 200ma on the daily

[fairenough11] 21/12/2017 10:16

Good news should take us up towards 1p imo.

Price has been dropped on low volume,so with a positive RNS in the system we are playing catch up here.

Align Target 2p+.

[falia] 21/12/2017 10:02

going up guys

[fairenough11] 21/12/2017 10:01

+10.53% hope you didn't get shaken out yesterday.

Odds on positive news out there ready to announce.

[cudmore] 21/12/2017 09:54

Falia doing his ramping on other threads!! You’ve been warned! One of the biggest day traders on these BB’s. Don’t get sucked in!

[torp] 21/12/2017 09:08

Have to laugh at the ramping here. People are selling for a reason imho.

[graylyn1] 20/12/2017 22:04

Rob Hunt‏
@RobHunt99
4h
4 hours ago


More
I'm hearing Eddie remains extremely bullish on #MYN prospects and projected news flow all in good order. We should be in for some whopper updates over the coming weeks. I have a conservative target of 1.5p

[fairenough11] 20/12/2017 21:06

Ben Pine‏
@BenGeorgePine
3h3 hours ago
More
#myn having spoken to Eddie today, he’s still extremely bullish and news flow times haven’t changed. Excited to be a long term holder, I could have sold at 1p but didn’t knowing this share has more legs for sure. Just check out Deloro and Petroteq. GLA

[fairenough11] 20/12/2017 11:22

Sellers being scalped.

Mckcap now approaching £6.5Million.

MMs having a larf.Sellers crying.

Plenty of news could land anytime.

[jayj4u] 20/12/2017 08:52

lol...mm are having early xmas. I guess some schools closed yesterday. I will be looking to add to my millionS plus holdings. Best of luck if you sold out. Its going to be very interesting next few weeks/months.

[keya5000] 20/12/2017 08:35

Anything around 0.6 is a screaming buy.

Crazy disconnect to Petroteq on a peer for peer pro-rata valuation exists.

[fairenough11] 20/12/2017 08:25

A few more for me at a discount to placing.

Cheers.

[fairenough11] 20/12/2017 08:15

Just a reminder of what we are waiting for

"I look forward to advising the market in the near future as to the size of this valuable resource, which we are confident will confirm the significant asset backing that is now behind Mayan."



RNS Number : 3769W

Mayan Energy Limited

14 November 2017

Mayan Energy Ltd / Index: AIM / Epic: MYN/ ISIN: VGG6622A1057 / Sector: Oil and Gas

14 November 2017

Mayan Energy Ltd ("Mayan" or "the Company")

Forest Hill Field Development Update

Mayan (AIM: MYN), the AIM listed oil and gas company, is pleased to announce the initiation of its planned workover and well stimulation programme at the Forest Hill Field ('Forest Hill'), Wood County, Texas in which the Company owns a 70% working interest and a 52.5% net revenue interest.

-- 136 barrels of flush production were produced from the Gilbreath #19 well (the Well') from the Sub Clarksville formation at a depth of 4510'-14 and 4520'-24' (ft) during the first 24 hours following stimulation with a sustained average of 43 barrels of oil per day ("bopd") production during the next 48 hours. As previously reported (see RNS dated 7 November 2017 for further details) the Well initially flowed 21 bopd following successful re-entry and stimulation;

-- The Well continues to maintain high fluid levels, indicating the potential for further improvement in recovery rates, with the application of artificial lift and/or further stimulation tools and technologies, and the expectation is that stabilized production from the Well will be between 50-60 bopd;

-- Production at Forest Hill is classified as heavy oil, but is expected to realise a small premium to the price of West Texas Intermediate crude oil as the asphaltenes present are in demand by asphalt plants in response to the rapid economic growth taking place in North Texas;

-- The Company is now moving forward with plans to restore an additional two Forest Hill wells to production by early December 2017, in line with its strategy to increase overall net production to Mayan to 300- 500 bopd in the near term.

Eddie Gonzalez, Managing Director, said: "The initial performance of the Gilbreath well at Forest Hill is excellent. Together with the Stockdale Oil Field, Morris #1 well, that we recently brought into production, the Well will make a useful contribution towards us achieving our 300- 500 bopd near term production target from our current portfolio of projects in Oklahoma and Texas. Importantly, we believe that these results bode well for the other wells we have identified at Forest Hill, and add support to our plans to restore and stimulate a further three Forest Hill wells to production before the end of the year. Taken as a whole, believe that these new developments and the plans that we have for the first half of next year, will enable us to shortly reach our goal of transforming Mayan into a cash flow positive oil and gas company. In light of the successful stimulation of Gilbreath #19, we are now evaluating the reserve potential at Forest Hill and I look forward to advising the market in the near future as to the size of this valuable resource, which we are confident will confirm the significant asset backing that is now behind Mayan."

[spawny100] 19/12/2017 14:33

Well behaved pennant on the chart nearing breakout, presumably when next news drops. Be nice to finish a bit blue today.

[graylyn1] 19/12/2017 14:31

yes its about time we had an update.

[piperpeter] 19/12/2017 14:30

What's happening at the Zinc Ranch Test Programme?

RNS October 31.

"Test program start: The program is commencing this week and will test the Prue formation by way of wells originally completed into the Bartlesville formation. Results from the program are expected in 4-6 weeks".

Seven weeks have now passed.

Pp.

[fairenough11] 19/12/2017 13:09

Drop on small volume.

News due.

[1bonanza] 19/12/2017 12:50

Big sells ! What's a foot here then ?

[on target] 19/12/2017 10:06

Good point fairenough. Possibly an update due out today then, otherwise they could have just RNS'd the petroteq news separately.

[fairenough11] 19/12/2017 10:04

MYN could have RNSd that petroteq release but they didn't.Must have a lot more significant news to tell us on top of that IMO.

[x54v] 19/12/2017 08:45

"Market looks to have missed this important news re Mayan Energy #MYN & interest in Asphalt Ridge - hxxps://ir.petroteq.energy/press-releases/detail/236 … We are looking to increase our exposure materially."

[fairenough11] 19/12/2017 07:58

keya,
thanks for clearing that up.

[keya5000] 19/12/2017 07:57

I am told that the Deloro investment consisted of around 94% of everything that Petroteq had at the time i.e. the fields, the heavy oil tech but PTQ retained the blockchain element that they will focus on going forwards.

So it is fair to say the comments are not that far off the mark.

[fairenough11] 19/12/2017 07:30

Cheers for that link,

"These results indicate that there should be high demand for the Company’s heavy oil as demand for low sulfur diesel has been growing driven by the trucking and shipping industries.

“With recent reports from Goldman Sachs and the American Petroleum Institute indicating that 2018 will be a good year for Oil in the US, we look forward to getting into production and helping meet the expected demand for heavy crude in the Utah market.” Stated Alex Blyumkin, Chief Executive Officer of the Company."

[fairenough11] 18/12/2017 19:35

Post 1376 and the following replies imply differently.Are they wrong then?I thought you would have challenged them then as you posted during the thread.