Member Info for orslega

So fully operational- news this week maybe. If production gets anywhere near 1,000 bopd Petroteq and all early investors are going to have a hay day. Big time.

"At current oil market prices, the field’s oil has gross value of up to $6.2 billion. That’s huge news for a company with a $60 million market cap.

And now, the Asphalt Ridge facility is fully operational. Petroteq is ramping up to produce 1,000 bpd this year and expects to reach 5,000 bpd by the end of 2020"

buying now

red>>>>>blue

Miller - well said, completely agree. Unfortunately FCA are completely useless in their role.

watching L2 last 5 mins - MMs up to many games here.

Align today

RT AlignResearch "Attempting to add again in Mayan Energy #MYN at these give away levels and get back above 3% of the co. Our fav saying - "Do not fear sellers, take advantage of them if you have done your research" has never been more apt here."

Agreed - looking forward to seeing MMs get caught out. It does happen.

"Despite warnings from other industry executives that this attempt at unlocking Utah’s oil sands reserves will fail again, Petroteq is optimistic, and its president Jerry Bailey told Bloomberg: “Someone has to be first.” "

Petroteq looking for tax breaks - expecting large profits then : )

https://globenewswire.com/news-release/2018/07/18/1538997/0/en/Petroteq-Announces-Application-for-Tax-Credit-Initiative.html

Just tried to buy another few million Mayan Energy #MYN to take us over 40m shares and back above 3%. No stock, in fact MMs bid for stock here and selling drying up. Won't take much to see these 0.60p+ again.

just shows you, a few share purchases and up it goes....

Of course - just I think things got re-prioritised.

Think this derailed Stockdale temporarily - Eddie needed to move quickly to secure extra Stockdale leases - to add to the value of the Morris 1 gas discovery. As Eddie says in last sentence below he expects more.

24/6

Eddie Gonzalez, Managing Director, said: "Whilst the SPA remains conditional on the agreement of the JOA and completion of due diligence, Mayan is confident of closing the Acquisition given its knowledge of the formations and work done to date on the Transaction. With the potential addition of these 12 new wells plus ongoing work programmes at Forest Hill and now at Zink Ranch we are well positioned to push daily production towards our target range of 300 to 500 net bopd. Our technical team has successfully demonstrated the capability to achieve excellent results by exploiting existing well bores using cutting-edge and proprietary tools and techniques. Thanks to today's agreement, our team now has many more opportunities to replicate this success. I expect Stockdale and the nearby Gonzalez County wells to form the backbone of our production, augmented by important contributions from Forest Hill and Zink Ranch.

yep - just watching L2 - a purchase of 3,000 shares, or £17 moved the price up 2% - joke or what.

Best to ignore - or add.....

“When you look at the resource we have in this area, it is tremendous,’’ said Petroteq Chief Executive Officer David Sealock. “We have enough oil here to produce 10,000 barrels a day for over 25 years.’’ That would be significant for Utah, which last year produced just 91,000 barrels a day"

https://www.bloomberg.com/news/articles/2018-07-17/oil-oozes-from-rocks-in-utah-fueling-dreams-of-untold-riches

see it finished $1.41 yesterday - some profit taking - now ready for the next push. There are some very ambitious targets out there - 3-5 baggers.

Still not reflected in sp here. It will.

....compare the balance sheet and supporting notes - 2016 and 2017 are very different. Eddie has done what he said he would do when he first arrived. Cleared the rot.

Expecting the 2018 accounts to reflect a further substantial improvement. Wait and see but I know that is Eddie's plan.

The fundamentals haven't even started to be reflected in the share price. Eddie is looking to build a very substantial company in Mayan. Good luck to long termers, decent value will start too arrive here soon - we can then build on that.

expected this week - they've had the placing monies to crack on various fronts.

Yes some more bargain basement shares. Ridiculous current valuation. It will reverse quickly pretty certain of that, watch the herd arrive.

Sealock not hanging around - Nasqaq - thinking big.

Strategic partner :

Eddie Gonzalez, Managing Director, said: "We now have the assets in place to begin to deliver on our objective of 300 to 500 net bopd to Mayan. Between Forest Hills, Stockdale and Zink Ranch, we believe we have an inventory of fields and wells sufficient to achieve this goal. And with the technologies and expertise we can now apply through the leadership of our strategic partner, Dr David Kahn, and myself, I believe that the progress we have been making towards reaching a sustained positive cash flow continues apace."

Interesting development - David Kahn is also instrumental to Mayan strategy at Forest Hill, Stockdale, Zinc Ranch.

https://finance.yahoo.com/news/petroteq-announces-advisory-board-member-174755711.html?guccounter=1