Member Info for LGO-fan

totally agree! Ignore Ross, he’s as welcome as a rash. LK raised that cash back in 2017 and it was always meant for Capex and M&A-related costs. I for one moaned that it hadn’t used earlier before, but LK was - rightfully - looking for the best way to invest it in. too damm right. All ducks are in a row, the first fase of building this company has been successfully completed. As Ross used to point out: it has all been achieved without drilling one single well. If things progress as planned we will see new wells being drilled during 2019. We will be producing 1,000 a 1,500 bopd by then. A mere 2-3 times were we are now, fab progress, and it will hopefully pale into insignificance with what will happen from mid 2019 onward. Excluding further M&A-deals, Spain....

agree. That is also way I am happy with the SD-deal. We will have another cornerstone investor together with LIND, Schroder and PI-LTHs. I am confident btw, that CERP will crack the Goudron challenge and improve our new assets to boost our war chest for the SWP. I know we all expected faster progress but I always felt it was too optimistic. I even felt that LK was far too bullish with his forecast. I personally felt that a 1000bopd was the max we could hope for this year. Would have been absolutely fine to issue a forecast of 700-900bopd. And than may-be add upsides: building block that show x bopd on top of ABC-challenge is cracked. That way he could have managed expectations better and frame all the amazing progress his team is making on the ground. I still feel LK, with all his power of communication and self confidence he oozes is the victim of his own enthusiasm. Hopefully he controls that moving forward (I had the impression he started doing this is the last couple of media communications). Anyway, all of that to say that these guys are bumping into more issues than we care for, but they are getting on with the job of resolving them. It will take time and effort but that is exactly what we need to upgrade our assets in a sustains way. It will pay off sooner or later and when it does we will all have a smug smile on our face and we will all write on here: “I knew it!” GLA, enjoy the sun while it lasts

there absolutely NOTHING Mayan can inform Align about that is remotely price sensitive without issuing an RNS first, according to AIM regulations.

why can't they put the well number on the that tweet?

is that other picture the staircase to heaven :-)

Well if that doesn’t win the pulitzer prize! Wonderful, In4 :-)

now NR is all but gone, this company and it’s LTSHs stand a decent chance. I do have some reservations about malcy....nothing ever goes rapidly in O&G, but mid to long term I think you guys are back in the game. GLA

Correct, hence I was expecting an RNS this morning if the conference call had any price sensitive information in it. Clearly it didn’t so no RNS. Progress has been slow at MYN, but the blockers seem to have been removed so I assume news will be forthcoming in the not too distant future. Looking at bopd target of 500bopd and looking at macaps of other oilers, this current mcap of MYN is silly low. I also believe that most PI’s will have a wait and see attitude given the recent 2-3 year in the O&G industry. So it all depends on whether you have the cash to spare and time to wait 6-12 months for a potential multi-bagger from here on. Progress in sp could start relative soon(ish). GLA

I am a bit puzzled by this AR Tweet. How can they write a blog and disclose potentially price sensitive information such as bopd, without the company issuing an RNS first? So if the publish their blog sometime tomorrow, then my money is on an RNS 07:05am

https://twitter.com/AlignResearch/status/1024281533111255040

Conference call with management of Mayan Energy #MYN later this afternoon. Will produce blog update thereafter. Looking for timeline on first tgt of 300 bopd.

is your expectation MYN will hold, based on current Petroteq plans?

thank, you. Very clear.
Much appreciated

which could be a very good strategy

I am a bit confused by this Deloro/Petroteq deal....feels like Russia. doll in. a doll scenario... If Petroteq produces a 1000 bopd, what is our net bopd we get?

them trades this fine morning

WTI is back over the $70-mark

LK said they were indeed going to be in TT to sort out the SD integration. That is not to say he can't be discussing any M&A options whilst being over there of course.

One benefit of the SD that has been less discussed on this BB, is that we will see improvement in quality of personal. I assume not all staff will be retained, and only the most willing and able will stay. This, together with a new working culture, should also lead to improved business results. It's maybe less sexy than a new oil field, but I think that this new way of working in itself is equally critical; if not more.

would hardly call that big buys; value is less than £5k. LK is doing his best to promote the latest deal, which I welcome. Think the market will either buy in now or wait and see (and miss out). So far LK has done a lot of good stuff, it now needs to start translating into more bopd and knowing the hurd they will all buy in when increased announcement arrive. We will then see a lot more volume than £5k :-)

thx, Chesh :-) Joe seems to suffer from the heat. It is cooling down where I am with a nice breeze. Things will start to get really interesting in the next 12 months. You clearly sense that the foundations are now in place and in then not to distant future CERP will be able to grown its production rapidly via some good old drilling. That’s what the O&G industry is for, after all. If you see what uplift HH it has caused for UKOG followed by an almighty drop because it’s not economically viable) then imagine why drilling could do for CERP in the SWP knowing it will be economically viable ( LK won’t allow anything else). And I’m not even ramping!