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$$$$$$ for Mayan.......

Excellent post Ryan, people need to realise just how important the Stockdale result is, it kind of tests David Kahn's tech in an operational arena and the result from this well could likely be repeated on the rest. Big big week coming up.

David Kahn's box of tricks should be working well at Stockdale now, be interested to see how the tech works on heavy oil. Kind of pivotal week I reckon, if they can show that they can improve the Stockdale from the low 20's upwards that kind of gives you an idea what they can do at Forrest Hills on a larger scale. Results will be very interesting.

If it is US Onshore that you are wanting exposure to Mayan is a safe bet, given the mcap is sub �9m and they have multiple low risk work over prospects that come on at $1000 per barrel and an average of c50bopd per well I know which Texas play I would invest in. The resource here looks great but he just does not seem to be able to get it out. Maybe a similar situation to the issues Mayan and Aminex had at Shoats Creek. Looks decent on paper but a bastard to drill and flow whilst costing a fair bit to try? Hope this recovers for you guys and he pulls a rabbit out of the hat soon.....

Agree they want to keep a big piece of this pie for themselves. Obvious direction and growth for this in the coming months.

Degsy that is a reasonable summary and even at double the current level the company is still valued materially below the likes of Angus Energy and the likes of Columbus Petroleum. To be fair the price today to reflect some future potential should be around �20m+ mcap, complete and tie in four more Forrest Hills wells and have the stimulation treatment on the lot and you could say another �10m on top of that would be closer to value. Then phase 2 begins. Not a lot not too like here.

Guess that's if you look at it from a glass half full or empty perspective. Personally the reasons I have heard for them not listing yet are certainly not due to a negative, quite the opposite and potentially they may not list. DYOR.

From memory they had results out the other week that said they are aiming for a list by end q2, also got $600k cash in from an asset sale the other week.

Add in the BLOC money at some stage before end q2 and we have a fairly healthy cash position given we are generating and throwing cash off from operations.

My own thoughts are Eddie's slashed the overheads since he took over, headcount down to almost nothing and not much in the way of fixed staff costs draining the cash. They had �1m surplus in November above the Deloro raise, likely had a say �400,000 then from the September raising so likely �1.4m or so cash then, he's also got Block energy coming �300,000. Spend wise is light. Not sure what the cost on the all work is to date but lets say �400,000, �300,000 for cash burn PLC costs and I reckon he's sat on c�700k now with cash coming in to keep admin costs etc neutral. So on that basis no placing coming or expected. Cash positive is very close and I expect no placing at this level anytime soon

Won’t be long now before some value appears here. Grossly undervalued.

So we are stating the terms part through the process with it deemed not to complete? Very clever, like it.

How do you get 42bopd net to Mayan at AR if the production is 1000BOPD? Be interested to see your calculations.

The idea is to see what the unstimuIted sustained production is before you mess with them. You just don’t start messing if you don’t know the average base. They have a few options re proprietary chemical treatment but I expect they will run them unstimulated barring pump jacks for a month or two.

What are you on about they are using now at Stockdale and will use it at Forrest Hills in the future.

Could achieve up to 70 BOPD and that is also likely coming on this week. Ashphalt Ridge within a week or so also at 80bopd. So around 350 bopd gross to Mayan from those. Add in three more wells in April at FH 150 barrels. Should be sat at 500 bopd gross c 320 net to Mayan by month end. That's around $4,672,000 net revenues to Mayan per annum from end of April. News rich and a lot coming.

Stockdale news likely later this week. Ashphalt Ridge next.

Real statement of intent, great progress on the production facility upgrades and the company looks well set with significant production revenue to have a very good 2018.

Yes agree, ANGS doing very well and hitting the sort of targets you would expect with production like that onshore UK in a safe political area that's conducive for oil production. Just cannot understand why Mayan is still at �9m mcap though when we are likely producing more than 200bopd and have multiple targets to hit in Texas at a very low cost of production. All good though with ANGS, hopefully we can replicate their mcap when our operations update that is imminent comes out. Should be a very good week here.

Expect we will step up to the plate and be considered a true US onshore producer of meaningful amounts of production this week. A nice summary/operations/direction RNS is due and if we have a similar effect on the back of it to the like of ANGS last week we could do rather well. Devil will be in the detail but I reckon a good one is coming and it is not far off.