Mayan Energy Share Discussion Threads

[keya5000] 07/3/2018 20:32

$40m to be precise.

Mayan have 1/6 of the core asset.

Mayan increase this week. £0.

Disconnect

I reckon they should have moved c£3.6m to be in line pro-rata.

[simonparker5] 07/3/2018 20:11

PQE now over $2 A share. That's some increase since the news.

[highly geared] 07/3/2018 20:01

Overseas having a week in the sun but good to catch up when WiFi permits!
Agree with others, Mayans stake via Petro in Asphalt will prove a very shrewd piece of business and we are way undervalued as things now stand.

[jayj4u] 07/3/2018 19:58

WTF!!!!

WHY IS THIS STOCK STILL UNDER 1P!!!!




I REST MY CASE!!!! STRONG STRONG STRONG BUY!!!!! WILL LOOK TO ADD MORE TOMORROW!!!!

[spagnolia] 07/3/2018 17:51

Nice 4m trade showing now from yesterday!! Also looks like we closed up today...roll.on rest of the week!

[113mike] 07/3/2018 12:18

Confirm by Eddie Gonzales of Mayan Energy #MYN of key offtake agreement at Asphalt Ridge - https://t.co/84EtcUqyzq Story & execution continued to build. Said it b4 & say it again - sub 1p is a total gift.

[cashandcard] 07/3/2018 11:50

Yes, good update per Petroteq's release.

So we now have a bit more detail their on crude pricing. High quality heavy oil with $6.50 discount to WTI light sweet oil, with adjustments for water and sediment.

WTI light sweet on Nymex $62.00, less $6.50 = $55.50

Lets assume water and sediment adj. take that down to $50.00, the cost @ 1,000bopd production rate quoted by petroteq could be as low as $20/bbl;

"Through cleaner methods and blockchain-based management, Petroteq can produce for as little as $20 a barrel"




That's a healthy $30 gross margin to play with if the costs come in as low as that. Here's the agreement (from Petroteq) thus far;


"05/02/18, The Company has received US$2.5 million from Deloro which is equal to the first tranche Deloro is required to lend the Company according to the MOU. Pursuant to the MOU, upon receipt of the entire first tranche, Deloro shall be entitled to receive an economic royalty equal to 25% of the net profits of the Company’s heavy oil extraction facility (the “Facility”) located at Asphalt Ridge, Utah, from the date that the Facility is operational. The MOU indicates that at least US$2,000,000 of the first tranche shall be allocated by the Company towards the capital costs and related expenses associated with the Company’s planned expansion of the Facility’s processing capacity to at least 1,000 barrels/day".


So it really depends what they can salvage from the gross margin once admin/overheads are recovered. Hopefully a lot.



Cash

[113mike] 07/3/2018 11:28

yeah... this should be 2p at least!...not ramping of course but we are under valued here!

[fairenough11] 07/3/2018 11:23

MYN a steal under 1p.

[fairenough11] 06/3/2018 13:22

PETROTEQ ENERGY ANNOUNCES OFFTAKE AGREEMENT WITH FIREBIRD LOGISTICS FOR 100% OF PRODUCTION FROM ITS UTAH HEAVY OIL EXTRACTION FACILITY
STUDIO CITY, CA, March 06, 2018 (GLOBE NEWSWIRE) -- Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV: PQE; OTCQX: PQEFF; Frankfurt: A2DYWC), a company focused on the development and implementation of proprietary technologies for the energy industry, today announced that it has entered into a six-month agreement with Firebird Logistics LLC (“Firebird”), for 100% of Petroteq’s production from its heavy oil extraction facility in Asphalt Ridge, Utah. Firebird is a regional provider of transportation and distribution services, and this agreement gives Petroteq access to multiple refineries in the region.

RELATED LINKS
PDF Release PDF
Petroteq Logo
Petroteq Energy Inc.


Petroteq has successfully completed testing of all major process systems at the facility and is undergoing test runs of the utility system in preparation for the launch of commercial production.

The agreement shall continue on a month-to-month basis following the initial six-month term. The monthly price shall be the calendar day average of the NYMEX settlement price for West Texas Intermediate Light Sweet Crude Oil, less $6.50 per barrel and adjusted for basic sediment and water (BS&W).

“Petroteq's oil from its oil sands is a high quality heavy crude oil with low sulfur content, low heavy metal content and no waxes or paraffins,” said Donavan Cameron, Firebird’s President. “With high concentrations of the very valuable diesel fraction hydrocarbons and aromatic hydrocarbons, the quality of Petroteq’s oil meets all refineries’ specifications and quality requirements.”

Firebird has access to Andeavor Logistics’ Rockies South Pipeline, a 66-mile long pipeline located in Redwash, Utah, about 40 miles from Petroteq’s Asphalt Ridge facility. This pipeline is used to transfer hydrocarbons directly to refinery facilities, and major corporations including Chevron, Plains All American, Sinclair and Andeavor (formerly Tesoro) who purchase local production and use this pipeline for transport. The total daily crude oil refinery processing volume in Utah exceeds 100,000 barrels.

“This critical offtake agreement enables Petroteq to focus on 24/7 uninterrupted production cycles and developing continuous growth of our production capacity,” said Petroteq CEO, Alex Blyumkin. “This agreement maximizes our flexibility and our price leverage by diversifying customers among all local refineries.”

[fairenough11] 06/3/2018 08:50

Zak Mir
‏

@ZaksTradersCafe
43m43 minutes ago
More
RT AlignResearch "Ref Mayan Energy #MYN & Asphalt Ridge comment from here -hxxps://www.prnewswire.com/news-releases/americas-secret-weapon-in-the-oil-war-675808853.html … "The plan is to reach 5,000 bpd by 2019 at a cost of production of as low as $18 per barrel. And there's potential, says Petroteq, to achieve 30,000 bpd with proven reserves.""

[gimmetheloot] 05/3/2018 23:24

I've not noticed a seller. Buys v sells today , 10 v 1

[highly geared] 05/3/2018 23:05

Keya; I’ve noticed we have a seller around 0.9 who is selling into and quashing recent attempts to move North. Never mind, value is being built here. In 12 months when Asphalt is moving towards 5000 Bopd , our share for watching from the sidelines will be 400+ Bopd. This time next year I’d expect us to be doing 1000bopd net annualised which should command a £50 million market cap or 5x the current price. Great business model being rolled out with our ‘new’ low risk high return business. I’m sure DK and EG with £330k invested are working hard to deliver shareholder returns...

[113mike] 05/3/2018 23:01

Tweeted by Zak M...RT AlignResearch "V strong close noted acroos the Atlantic ref Petroteq and the Asphalt Ridge update today. + 17.2%. Gives a lead indicator as to what we expect from Mayan Energy #MYN tomorrow & days ahead. Finally breaking the 1p barrier."

[keya5000] 05/3/2018 21:47

Off Topic
Opinion: No Opinion
Price: 0.88


Petroteq Today put on $19m CAD, work out pro-rata to our share in AR and we should have increased by £1.75m.

We got a £400k increase at 0.88.

Just on the Petroteq move today we need 1.04 for parity.

Bring on tomorrow.

Small matter of some Mayan own news this week also.

Its great being a Mayan holder.

[spagnolia] 05/3/2018 20:25

Petroteq up nearly 18%!! :-)

[113mike] 05/3/2018 17:51

hope so! it must be onwards and upwards from here!

[spagnolia] 05/3/2018 17:50

Roll on tomorrow...

[113mike] 05/3/2018 17:15

Who knows? very odd that. it was up .10 points = 11% them at close it was only .036 = 4% up but the share price hadn't changed!

[spagnolia] 05/3/2018 16:58

Anyone know what price we finished at - 1 x trade at 16.35?!

[113mike] 05/3/2018 16:53

no rump, sorry ramp, intended! ha ha!

[113mike] 05/3/2018 16:52

tweeted this arvo!......RT AlignResearch "Ref Mayan Energy #MYN - https://t.co/ks2MhnQ97O "Valuing circa 300-500 Bopd at a rump £3.5m illustrates starkly just how the market continues to apply, in our opinion, a completely wrong valuation on the stock." Sub 1p days numbered in our opinion."