Mayan Energy Share Discussion Threads

[113mike] 05/4/2018 09:13

Align Research Update just out on Mayan Energy #MYN Accumulation opportunity - https://t.co/BC6SxdPCllGood summary of yesterday's RNS imho..topped up again this morning.No ramp intended

[highly geared] 04/4/2018 15:56

May be some shenanigans today re; tax year end, selling to crystallise losses/gains etc.

[113mike] 04/4/2018 15:30

Just topped up ...got to be a bargain at these levels imho!

[sleveen] 04/4/2018 14:59

Let's hope he doesn't have EGg on his face.

[highly geared] 04/4/2018 14:54

EG bought 2.2m shares 3 weeks back at 0.87p so hopefully he’s motivated to see this improve...

[highly geared] 04/4/2018 14:53

The market doesn’t like it or a placing coming to fund more leases.
Suspect the former as EG’s ebullient narrative from the last 3 months updates doesn’t quite match progress. Nothing has changed other than expectations sentiment. Very cheap on a market cap basis.

[113mike] 04/4/2018 14:16

wish the share price was heading on the right direction!

[113mike] 04/4/2018 08:42

Chin up, there's still Asphalt Ridge & Block Energy listing news to come as well!

[cashandcard] 04/4/2018 08:40

Good update. Production now fully tied-in and more wells to be developed and brought on line in due course. Heading in the right direction.


Cash

[grannyboy] 04/4/2018 08:22

More wells/production coming on line so long as there are no more delays/excuses..

[highly geared] 04/4/2018 08:16

If 4 additional wells are tied in at Forrest Hill in the next few weeks, we’re likely to then see 200Bopd net to Mayan. With another 8-12 wells worked over in the next 3-4 months at FH + Stockdale, they should comfortably be at 500 Bopd by summer.

Perhaps taking longer than we’d like but everything moving in the right direction + with asphalt coming in line, this will add c.85 Bopd contribution.

A good update showing steady progress...

[fairenough11] 04/4/2018 08:13

Well done Eddie.More wells/production coming on line in next few weeks.

[fairenough11] 03/4/2018 14:41

6TH MARCH.

"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."


Very soon imo.

[piperpeter] 03/4/2018 14:21

When does the Asphalt Ridge Plant commence commercial production?

Pp.

[fairenough11] 03/4/2018 13:05

Angs Mckcap around £23/£24Million--producing 200bopd.

MYN Mckcap £9Million will be producing 300/500bopd very shortly with large Petroteq project at Asphalt Ridge to add on top.

Once MYN announces successful W/O at Forest Hill etc,then they have multi well target which should give ever increasing production.

BOD options placed at 1.2p/500bopd net to MYN target and Eddie has massive skin in the game here so his aims are aligned with shareholders.

MYN also have a stake in Block Energy soon to be listed.Stake should show a good profit as OIL PRICE has soared since MYN invested.

Chart breakout on positive W/O--Production news which is imminent.

Current price .83 to buy.Targets 1.2p+ on news,2.1p and 3p-5p as Eddie rolls out well after well.

imo,dyor etc etc.

[fairenough11] 03/4/2018 11:41

Chart looks set to breakout on imminent positive production/well w/o news.

[113mike] 03/4/2018 08:53

they'll be issuing it's first quarterly company update. Will be lots in it so expect it will take them a few days to put it together. It'll be worth the wait imho!

[highly geared] 03/4/2018 08:48

I’d hope to see a workover Update with some production numbers this week.

[fairenough11] 27/3/2018 14:10

Eddie's done well to get MYN involved with Petroteq.They look set for the big league going forward.

Production at Asphalt Ridge very close.

[fairenough11] 27/3/2018 08:29

Align Research
‏

@AlignResearch
22m22 minutes ago
More
We are expecting an end Q update from Mayan Energy #MYN this wk as flagged by Eddie Gonzalez. Perhaps another attempt at breaking the key 1p resistance level.

[highly geared] 26/3/2018 19:42

Wti is now at c. $66. With production commencing and shortly to ramp up, the leverage of higher oil prices will be significant in boosting profits. Myn is in a nice sweet spot and the macro picture is favouring a continued recovery in oilers, it will be interesting to see what other leases they’re considered to develop things further.

[fairenough11] 26/3/2018 10:36

What a lovely chart.Good time for Eddie to release a massively positive update.

[highly geared] 26/3/2018 10:32

We should have an update on the work overs + Asphalt production start up.

[eye2] 26/3/2018 09:04

sell @ .8 (: looking good