Mayan Energy focusses on strategic development post portfolio review

(Sharecast News) - Oil and gas company Mayan Energy intends to sift through the findings of its recent asset portfolio review in order to determine a strategy for its development.Mayan wrapped up a report on its total asset portfolio, covering licence, fixed asset and geological reports, along with proposals for initial development and operatorship, at its Zink Ranch, Austin Chalk, Stockdale and the Forest Hill Fields assets in November.The AIM-listed firm will focus its review on "optimal opportunities for value generation in the near-to-medium term".Chairman Paolo Amoroso, said: "Having received the independent full operational review report, I am looking forward to undertaking an assessment of the findings with the board and members of the technical team as we work to devise a strategy that enables Mayan to become value generative to its shareholders."Separately, Mayan revealed it had appointed Cantor Fitzgerald oil and gas head Sarah Cope as a non-executive director as part of its efforts to build a team with "a complementary skillset and expertise".As of 0930 GMT, Mayan shares had dipped just 0.0054% to 0.18p.