Member Info for drillingcrew

close to an update?

"the Company will look to update its shareholders in the early New Year with all relevant developments regarding the appointment of the Operator, the formulation of its development strategy for its portfolio of Texas and Oklahoma based oil and gas assets and membership of the Technical Advisory Committee."

Just shows how fragile the share price is here....

ANY positive outcome of the review WILL catapult this share.

Incidently it is exactly 3 months TODAY when CW was elected to take temporary stewardship of this company - So that deadline expires today so would be unreasonable to expect an update today?

News today?

CW 3 months is up this Friday.

"11 October 2018, all the resolutions put to shareholders were passed by the requisite majorities. "

All cards should be on the table this week including a new CEO ?

Let's see ......

What's in the Christmas Cracker?

I am sure all on here would take ANY Christmas cheer!

Or are we going to have to wait for 2019 to see the conclusions of the review of the review?

It would be interesting to know what Charlie's 'Back Stop' position aswell...

20 million bought just before 10am today?

Mayan currently has four projects in the USA. The team is currently implementing a number of targeted development programmes aimed at raising production in existing wells and bringing new wells on stream. With a highly active programme, the Company anticipates increasing the number of wells on stream which will in-turn significantly impact future cashflow. The Company is constantly evaluating its portfolio and is conducting a comprehensive review of the prioritisation of its assets following the departure of the CEO in order to ensure The Company continues to operate effectively and efficiently. 

In Order of Priority they are:

Forest Hills Zink RanchStockdale Oil Field Austin Chalk Wells

Well if the current management have stuck with their priorities would like to think we should hear shortly that The FOREST HILL operation is back online....

Someone remind me of the expections at FH ?

know something we Don't!!!!! ?

"The Board of Mayan now intends to review the findings of the report to determine a development strategy focused on the optimal opportunities for value generation in the near to medium term.  The Company will provide an update to the market regarding this strategy in the upcoming weeks. "

GET ON WITH IT CHARLIE!!!

9th October 2018

"We will be sending a team to visit all the field operations during the second half of October and once we have addressed the operational and leadership issues, we will update the market accordingly with plans for increasing current production and field development."

Well that was 7 weeks ago....

News this week hopefully and positive (especially for to the LTH's)?

Pull your finger(s) out! before this share slips into oblivion.....

Looking forward to confirmation that we have indeed sold out of block and that money is being put to good use either at FH or ZR or indeed both.......

Mayans 1 million paid up shares and 1 million warrants in Petroteq will be very shortly be worth alot more than our current market cap .......

Catch up time - 0.8 by Christmas is my first target.

DYOR.

9th October 2018

"During this period of transition, we are also going to review our assets in order to allocate our financial resources in a disciplined manner to the project portfolio that we believe will maximise the Company's returns"

So the conclusions of the asset review will probably be the next news if judicial process on FH is deemed to take up to 90 days? (Personally I think it will come a lot earlier).

We definitely need to see the game plan sooner rather than later- can't just rely on Petroteq and Block investments for Mayan to tread water.....

Charlie it's time to step up to the mark and show shareholders your cards (actually they are our cards!).

Thanks for that - in your experience what sort of timescale is that?

I guess if it had gone in unanimously in Mayans favour we might have heard so probably some arbitration ensues?

The hearing was on Monday so CW must have a flavour by now of a possible outcome?

Would have preferred Forest Hill update or the actual selling licence over at Petroteq...

Incrementally good news though....

Maybe an update on the magistrates hearing yesterday?

“Exemption” due to the Asphalt Ridge facility’s estimated emissions being less than the level where a permit is required, further confirmation that Petroteq’s process is an environmentally conscious method of oil extraction."

With 1 million paid up shares and 1 million warrants in Petroteq this must be the best news Mayan has had for a very long time?
Hopefully some Forest Hill positive news soon and we may well be heading in the proper direction...
Gla ........