Member Info for EXMEX

GM starts at 08,00 uk time in Dubai ,so hopefully there will be an rns updating shareholders sometime today.

Looking at the Mypay rns 20/06/2018 there there is an interesting line .
The acquisition will terminate the effective shared ownership of user's which has impeded the company's freedom to enter into agreements with new prospective joint venture partner's .

Looking on the Mysq website it has been updated this morning and now shows 10.2% of shares not in public hands .Before updation this figure was showing as approximately 28% not in public hands ,

I would expect an update shortly on the remittance channel between Singapore and Myanmar .Once this has been prooven successful Mysq will look to add further channels to the Middle East, Malaysia and Thailand .These are countries with a large number's of worker's from Myanmar who send money home to their families .Remittances have become big business , growing 65%in the 2016/2017 fiscal year , Winning just a small part of this business would mean significant sums of money passing through the Mysq mobile money wallet .From this money Mysq and partners in the remittance channels will charge a percentage handling fee which will be shared between them .It is then up to Mysq to to capitalize on the money passing through it's money wallet as the opportunity to create more business will surely be there .

There were four large buys totaling 34 million shares early last week ,equating to nearly 4% of the shares in issue .If these were bought by the mystery buyer they now have a stake of over 18% . DSR

To be able to apply for a mobile financial services licence a company must have a minimum of 3 billion kyat ( £1.6 million ) in their coffers and the licence itself costs 3 million kyat ( £1600 ). These figures account for a large proportion of the recent £2.2million fund raise .The central bank aims to process application's for a licence within 90 day's .
Does anyone know why the gm is being held in the Emirate Towers in Dubai instead of the usual Singapore venue?

Looking at available imformation the total amount of money remitted back into Myanmar from other countries was £1,992,460,000 in the fiscal year 2015/2016 . The following year 2016/2017 this rose to £3,355,000,000 an increase of 67%. These figures clearly show that the amount of money remitted is growing rapidly as the process to make a remittance becomes much easier .

Earlier this year Yoma Strategic Holdings of Singapore bought a 34%stake in Wave Money for $19.4 million . So 17 months after starting out Wave Money was already been valued at close on $60 million .This clearly shows that there are far bigger concerns who are keen to get into the mobile money market .

Another positive from the rns - The acquisition will relieve the company of the revenue sharing provision's in the remittances market . So once the mobile payment's licence is acquired there will no longer be the need to set up remittance channels using third parties .

This is the company that will be handling the Myanmar end of any money transfers to and from Singapore according to the rns .Does anybody know what this company is currently worth ? They were awarded a licence to operate money wallet services inside Myanmar last September . At the moment there are only two other companies operating in Myanmar who have these licence's.

Thanks , I'll have to get up to speed .

How long has the vacancy for an operations manager been on the mfdevco web site ? Apologies if it's been there a long time .

Does anyone know if Deloro still hold the 64,102,564 Mayan shares that they received last November at 0,6p each or have they been sold ? These were due to go towards the second tranche payment to Petroteq in the original agreement which has now been completely changed .

Thanks , I'll have a look .

If the well at GH is successful what will be the prefered sales route for the oil produced ? Could it possibly be the North Atlantic Refinery on the other side of the island? Just trying to workout the distances involved. Hopefully it shouldn't be long till there's an rns stating flow tests have started .

Reading through the rns i see the Amason well has replaced the Gilbreath 49 well as one of the four wells that are currently producing . Nothing was said about the other zones in the Amason well, these were mentioned a few weeks ago in an rns.

Oh dear, you'll have to learn how to use the rrc browser instead of relying on Upside .The informations all there ,it's a seven mile gas gathering pipeline that runs from the north east of Stockdale town in a south westerly direction through the oil fields before linking in with a transmission pipeline .

Upside , I've been reading the homework you posted in reply to questions asked by the teacher . Surprisingly I cannot find any mention about the gas gathering pipeline that runs straight through the Stockdale field .Strange oversight for such a diligent researcher .

Thanks for that update .That gives Mayan a daily salt water disposal limit of 3200 barrels at Stockdale .The Texas average is 10 barrels of salt water for each barrel of oil produced . Working from that average Mayan have the disposal capacity to produce up to approximately 320 bopd . Certainly looking good on that front ,plus there are more wells available for conversion to water injection as needs dictate .

Excellent news regarding the gas find at Stockdale . However the most important news will be the stabilised flow rates for the Morris well where testing is in progress at the moment . Mayan are also acquiring another swd well , a clear indication that they are confident with the outcome of these results