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Mayan Energy Awaits County Approval For Forest Hill Lease

Thu, 20th Sep 2018 13:58

LONDON (Alliance News) - Oil & gas company Mayan Energy Ltd on Thursday said it is awaiting approval from the Wood County magistrate in Texas to lease right of way access into its Forest Hill property.

Mayan Energy holds a 75% working interest and 53% net revenue interest in two oil & gas leases at Forest hill. Approval from Wood County is expected to be "forthcoming in the near term", at which time production at the two leases will resume immediately. The leases have six producing wells and 225 other local wells.

"We believe the delay at Forest Hill will be resolved this quarter," said Mayan Executive Chairman Charlie Wood.

Wood added that the company's current asset base is generating strong returns and does not anticipate a need to raise funds in the near-term.

Shares in Mayan Energy were up 3.6% at 0.42 pence on Thursday.

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Mayan Energy Complete Planned Works Stockdale Field Oil Well

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Mayan Energy Completes Production Facilities At Projects In Texas

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Mayan Energy Issues 3.3 Million Shares Following Warrants Exercise (ALLISS)

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Mayan Energy Notes Asphalt Ridge Oil Sands Ideal For Making Diesel

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Mayan Energy raises £1.25m in placing

(ShareCast News) - Oil and gas company Mayan Energy announced on Friday that it has completed a placing of 7,246,376,812 new ordinary shares of no par value each, at a placing price of 0.01725p to raise gross proceeds of £1.25m. The AIM-traded firm said the funds raised will be used to start oil and

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30 Sep 2016 14:21

Mayan Energy To See Better Second Half As Interim Loss Narrows

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