London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The Attis BB is now live. Couple if RNSs over there.
PA getting bullish about being profitable......
good spot. Name change must be any day now.
I see a major shareholder is also on the board - Russell Lamming - interesting.
CW is also shareholder, be news to a few naysayers, lol
All crossed for a new higher SP too then..
The Company is also pleased to announce that the change of name to Attis Oil & Gas Ltd will become effective on the AIM Market today, with shares traded under the ticker AOGL and a new ISIN as follows VGG0620A1003
Well it’s a start - we need a ramper or at least some statement of positive future intent / expectation to drive it properly as no volume - maybe align might want to start offering people 60p plus for their shares again on Twitter :-)
Looks like a turnaround beginning? Slow but sure.
but the bit before your quote is indeed interesting:
“On 24 May 2019, an 11 well rework programme commenced. Six of the scheduled rework wells are now back on pump. These wells have shown the expected increase in liquid volumes with improving oil:water ratios, the Company is encouraged by the associated gas”.
So my takeout is that 5 wells remaining and that throughout June we should see the impact of the 6 wells from May plus the 5 which I presume will have been in the first week of June.
It’s all small numbers: the 6 done would have had an average of 7.7 bopd. The 9bopd suggest an improvement. Double that and I would assume around 18 bopd which is nothing to be too excited about.
Looks like it is broken again, symptoms:
MYN up 16.67%
Buyers paying over the ask.
9per day x 30 days still equals 9 per day
"For the month of May 2019, Zink Ranch produced 54 barrels of oil and 236 MCF of gas. 1 June 2019 the field produced 9 Boepd. Production will increase steadily through the month of June as the impact of the re-work programme flows through to production"
Reading between the lines is he saying ZR only produced 54 barrels due to bad weather and ON the 1st June alone ZR produced 9 barrels so expects a rough multiplyer of 30 days (June) x 9 boepd so expecting circa 270 barrels from ZR alone in June?
He did allude to the month of June being transformational did he not?
If something close to the above is proven.......well lift off surely?
Everything crossed again!
Does N E one know when the name change will take effect?
(MXO changes name as of Monday, now: ADM)
Myn should focus on becoming Attis and move forward indeed. I am neutral on PQE: it has potential for sure, but then again most shares on AIM have potential... anyway if PqE becomes a hit, sweet, but prefer to discount PQE for the time being. Far more interesting to see if the next series of RNSs will deliver the same steady progress as the last 2.
I've been here since August last year and remember all the rubbish that when on. However i would like to look forward now and not back over. Can we just park the past up and concentrate on where we are.
Pqe still not delivering and way behind their target objective.
Myn making slow but steady progress.
Lets hope the future holds better news as the past is done and unchangeable.
Stay happy :-))
that's exactly what I meant - so yes, I am very serious. There was a group of individuals hell bent on stealing Mayan assets from shareholders, with very underhand tactics.
I have all the evidence needed to make that comment. I was offered a sweetener to participate with them and screw shareholders. I declined.
Anyway - those dark days are behind us.
“Nearly destroyed Mayan”
Seriously? Charlie and Eddie nearly destroyed Mayan with their BS RNS’s and in twitter chat ramping, never mind their very shady PQE deals at our constant expense.
You’ve a very selective memory at best! ... look at the SP.
‘Disruptive group’ lmao, are you a teacher by any chance!?
I have to ask as I read a few times before about some of of you being accosted, how could that happen? I cannot see a way to contact other posters? How did they get your email contacts?
So it’s good time to top up here? Isn’t the huge number of shares a bit worrying? Heard various views on that. I know Helpful doesn’t seem to think so, but any other opinions?
Randomly flicking through some older pages, I do realise this was quite a hostile board. Now it’s much tranquil. Less participants less fighting. Give me the confidence to post and ask silly questions otherwise I wouldn’t dare ask :)
All good buy the lows, this will quickly change imo with tremendous prospects in hand.
PQE comms are good personally - they are very busy right now with efficiencies on plant and Nasdaq listing - been adding at 0.32 - 0.35 range. Timescales missed but happy with my position. IMO serious monies to be made.
Tier - yes been around for far too long - looking for tremendous exit/top slice on both accounts : )
Gla all longs. Luck moving now to fundamentals - better all round.
ps I’ve emailed the disruptive group which nearly destroyed Mayan but strangely not one has replied. Good f’ing riddance. Hey ho such is AIM.
Thank you so much Helpful. Please keep posting keep us updated. This is only the beginning, management still needs to put in a lot of hard work to restore confidence - they do owe that to the long-suffering holders, time to repay them for their patience and loyalty.
I’m new here but how long have some of you been invested? Helpful? Ors? Of course don’t say if you don’t want to.
Great weekend to you all. I’ll be off to some vigorous walking. Hopefully no rain tomorrow.
No idea about share consolidation and in my opinion that sort of thing doesn't matter.
If you read the RNS the clues are in there;
the geologist is looking at workover potential (I think for BHP, deepenings, missed intervals and, not likely, possibly sidetracks. Additionally, she is looking at new drill targets.
On the back of that the company is looking at farm outs.
So, IMHO, the timescale might look like this:
End June 150 boepd net to Mayan/Attis
CPR August, start the permitting process for new drills
Farm outs for new drills at ZR and FW September/October time.
New drills October/November/December (maybe 4)
In the meantime, I expect that they will pick up some operatorships on other wells.
I also expect them to sell the Austin Chalk wells once they are fully refurbished and value has been maximised.
On the back of that you might see 0.9p/1p. A lot of variables there, including the oil price. As with all these things, it is all up in the air, all you can do is do your reseach and take a view.
We were at 0.9p not so long ago with just hot air.
At this rate when do you see this hits the 1p club? Of course I understand this depends on a lot of factors. Remember you said sometime ago something like September, but now with a much enlarged share capital so things have changed significantly.
Also from what you know, is it likely they will do a share consolidation? I mean is there any such discussion/intention?
Thank you Helpful and many others who keep on sharing your views. This board is by far the best I’ve read. All good people here.
Thanks, diggit. Would you hazard a guess for sp this time next year on operational recovery?
myself and happy with the RNS. For now we appear to Myn the immovable or basement level entity. This will prove to beneficial to those accumulating, including myself. Lth's, it must be severely testing the patience levels to the max. TB and the Attis crew will do us proud. Proof in the pudding and all that. Market is still wary of past historical lapses/indiscretions and rightly so. Soon we will be Attis Oil and Gas Limited. Can't come soon enough!. ATB. :o).