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Yes 20 mill at the asking price.....0.15
www.attisog.com.
https://uk.advfn.com/p.php?pid=nmona&article=80104409&symbol=L%5EMYN
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
"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!
"During the month of May 2019, the field produced 67 barrels of oil and, 8,481 MCF of gas (net to Mayan), being 49 Boepd to Mayan. Through the same period, the Company sold 166 barrels of oil at an average US$60.22 per barrel"
FWF might well become a huge contributor to profitability here I.e. what will it produce when the good weather arrives..
Attis Attaboy !!!
On another note when does Mayan formally become Attis ?
I'll take a rerate !!!
Stuy ...totally agree.....
Might be wrong but I think their accounts are due to be published soon and I would guess with them a production update ...next week?
Mr Jennings ...
The pot calling kettle black comes to mind ......and OPM is your company's mantra.
https://uk.advfn.com/p.php?pid=nmona&article=80038452&symbol=L%5EMYN
Everything crossed Stuy.... !
I think an end of month update is order of the day!
Even if it only confirms what everyone knows (shite weather) and has caused delays...
Or maybe even a nice surprise? ...eitherway something...........
The placing was successfully completed on 30th April 2019...
"The consideration for the Acquisition is £1.33m to be satisfied by the issue of 952,197,460 new Ordinary Shares at a price of 0.14 pence per Ordinary Share ("Consideration Shares"). The Acquisition is conditional on completion of the Placing"
So now have we formally merged ? or are we waiting on a green flag from somewhere...meant to be a name change?
Perhaps the new board are awaiting for initial results at ZR before ceremonially announcing that we are now Attis ?
Can anyone enlighten ?
LGO - methinks before 2 weeks (in fact anytime now) and with that the company will announce that they have become profitable for the first time ever!!!
That news should wake a few up....
Bpine - am afraid my suit is still in the dry cleaners so I will have to pass on that one! Lol!
Bpine bet you know a little more than most who post here? !!!
Maybe we (Mayan shareholders) can take a little comfort in what Orslega alluded to the other day - is that the current production at Mayan presents a break even scenario so no need or desire to sell PDQ ......
Confirmation that initial results at ZR has moved the company into a profitability would surely blow Helpfuls 08.07 chart into oblivion (0.49) ?
Actually what's not to like at the moment!
Bpine - fully understand how big this investment in Petroteq could be - the real issue I have is wether Mayan hang onto shares/warrants and not sell us short!
Think some investors have forgotten how we happen to be invested in Petroteq...
Eddie Gonzalez (obviously no longer) shrewdly (imo) bought into both Petroteq and Block so legacy investments.
Had we retained Block (who are now showing positive growth) investors might have just said that was great foresight and could have funded well growth at ZR or else where?
Same over at Petroteq (but much bigger potential return) and at some point will reflect in the Mayan share price.....
Maybe we can thank Gonzalez for that - and makes Mayan more than a one trick pony.
Personally I hope that someone on the Mayan board makes a citizens arrest on CW if he trys to sell Petroteq when they reach $1.
Petroteq UP 52% since yesterday ( obviously something good in a pipeline)....
...... how long before our 1m shares and 1 million warrants in ?Petroteq start to add value to the current share price.....?