Authors are entitled to their opinion.
The article posted just shows that the wider market doesn’t believe petroteq will make this happen.
Strange that everything is going to plan and Petroteq have just had a new CEO announced whose got 1st class pedigree. I don’t think Mr Sealock would be moving in to preside over a disaster.
However these bashers outside the circle of knowledge have their opinion.
Soon time will tell whose right.
If it’s petroteq it’s a global game changer for oil. Nothing is priced in to Mayan via Deloro or Petroteq so the upside if it works in the next few weeks is likely to be gigantic.
If not ‘the market’ priced little in so it will be of little loss.
I know which side my money is backing
It will be even better reading Petroteq’s next batch of news that proves they can do what they say they can.
Not long to wait now.
Plenty of upside here, should even be enough news to the positive that ends the snide postings of the like we often see here.
Expecting the monthly KPI figures (these may be Tuesday given BH), FH workover's, FH Roke Tool, FH production update and Ashphalt Ridge commencement of commercial production news within the next few sessions.
Nothing missed at all mate. Had a very healthy start then a couple of sells pulled it back to 0.785 close.
Appears the seller of last week is diminishing or gone and we should rise freely when news comes that is now well overdue.
PM me on ADVFN asking if I would sell any stock at the close price, replied I would need x5 to even consider it. He replies back that I could have all is for 30p!
Anyone else had this approach?
Lettuce us not forget the undoubted intelligence and greater understanding that Mr 'Labrat' must hold on running a developing an oil company than those who are actually doing the job very well hold.
Soya think you know better, on what basis or qualification do you presume such wild foraging assumptions on?
No idea what relevance the last Steelmin results hold. Using historic financial statements to deramp an entity that at the time was not producing and was refurbishing spending capex on their facility is meaningless.
Superb comment from Richie666.
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Price: 1.10
RICHIEBOY666 474 posts
MAESTRO/ORSLEGA
On this snowy Sun aft I am happy to answer below Orslega - human nature is an envious and vengeful structure - just look at the Daily Mail and the comments section and think about the basis of religion and the commandments and from that evolvement of laws to temper these emotions. "Mr Magic" is just one example of an individual that wants ill on other parties that are not in his "camp" - that is embittered re these stocks because of his no doubt historic losses. The only way with these "people" I have finally realised is to IGNORE them. Time is v v v precious - don't waste it engaging with those that detract from your enjoyment of that most valuable commodity. R Jennings 2018. ;-)
New �Mayan� Market Cap �9.45m
Since August 2017 when the market cap was �1.5m the company had been transformed by a committed and aligned management team.
Headed by the CEO Eddie Gonzales Mayan embarked on an ambitious multi-well work-over program targeting low cost high chance of success mature wells.
The program centres on two mature fields Forrest Hills and Stockdale.
To date six wells have been worked over producing a gross amount of c240bopd. These wells though have neither been stimulated or the new zones perforated.
Alongside the above fields they also have a 8.3% share via a tight MOU of the Ashphalt Ridge project which is the core project of Petroteq Energy www.petroteq.energy.
Ashphalt Ridge contains 87m barrels of bitumen/oil sands of which a significant amount will move into p1/p2 after three months of production at 1000bopd. The plant is being commissioned now and this event is a �company maker� in itself.
CEO Eddie Gonzales has took his remuneration in shares since he started and also set options at 1.1p with a operational target that the company achieves 500bopd net to Mayan. Eddie also bought in the market last week at 0.87p
Next phase of work will involve the stimulation of the wells that have been worked over and the completion of three further wells at Forrest Hills.
Company will also perforate the �virgin intervals� identified during the process using a Roke Tool. This could provide a BOGOF situation.
The stimulation of the wells includes a revolutionary system of additives being injected into the reservoir to lower the sulphur content and improve the API of the oil. This process is headed by the companies technical expert Dr David Kahn who is also a major shareholder.
By the end of April the company should have nine producing wells that cost c$30-50k each to complete and I expect will be potentially producing around 500bopd gross.
Ashphalt Ridge will also be producing and the project there is being described to be the �Holy Grail� for US Onshore.
2018 will be one hell of a year for Mayan.
DYOR this is no overnight multi-bagger but it holds strong fundamentals with a low risk profile operating in the most secure of Geographic areas Onshore USA.
My own targets are 2p+ by the end of April and c�60-80m by year end
AIMHO but a share to invest in and reap the rewards, a similar trajectory to what we have witnessed since mid October 2017 is set to continue.
Load up and hold.
Conviction buy.
RE: any reaction from diamond bourses?17 Mar 2018 14:28
That very event you mention is what a true disruptive technology looks to achieve.
They have links with diamond industry wholesalers etc and they will be looking to embrace this tech rather than avoid it, would not surprise me one bit if one of the larger players after proof of concept made a bid.
Of all the blockchain/crypto plays I have witnessed this is one of a very select few that actually makes viable economic and market sense.
Nailed on for one of the big trading houses to take them out. Totally disruptive event to the cartel that’s had control for centuries. Even a hundred million would be chicken feed for them.