Member Info for orslega

there is some very old information on that first doc. Do you happen to know who the operator is?

burmesepython - but you are the man, who seemed more than happy just 4 weeks ago - when you said this: 17/5/2018 "Great work by Eddie & team. More wells and positive updates from Eddie coming soon ;-))) " Lol. This actually highlights my earlier point - traders getting frustrated.

Nothing has been promised - they have near term plans for 300-500 bopd. That is what the RNSs say. Far from failure imo. No one is patient these days.

Hi BT - the valuation will sort itself out; AIM these days is clearly more a trading platform than for long investment - what has happened here imo is that many traders have taken position in anticipation of taking a quick turn - it simple has not happneed in their timescales; many were not around in the 30-60p range - so taking a loss of 10% loss is neither here or there to them. The next trade will sort that, of course. And of course simple supply and demand will be in play - atm we have more supply than demand, traders exiting imo MMs are slow to show actual trades - for obvious reasons there should be heavy fines to stop that activity as it creates an unfair picture/market. But there again as a long term investor this is less of an issue - but interesting all the same. The Chairman of another AIM company I invested in explains if the fundamentals are there: "Whilst nothing I can say should be used as a shareprice predictor what I can say is the progress is excellent in this climate and the company is doing very well...lets hope in the not too distant future the market starts to value this properly" So good fundamentals cannot be ignored = put simply, value will come out. Ignore the trading noise inbetween - it won't disappear - it will continue into each trading range. At some point there will be more sticky investors recognising the long term gains ti be made here. imo

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"Petroteq’s goal is for the plant to produce as much as 2,000 bod by year end 2019 and 5,000 bod by year end 2020." Doubling production within 6 months would be amazing.

http://www.globenewswire.com/news-release/2018/06/19/1526596/0/en/Petroteq-Unveils-Asphalt-Ridge-Oil-Extraction-Facility-Initiates-Production.html

will be completed in just 30 days - quick turn around; "The Contract anticipates initiation and completion of the five workovers within 30 days of Mayan assuming operatorship at Zink Ranch - the Company has engaged counsel to complete this process and anticipates a timely resolution of this matter"

Market will like this - at 0.85p; Eddie probably told them, "yes you can shares but at no less that what I paid for my last lot" "The Contractor indicated a preference to receive the initial US$125,000 payment in shares of Mayan which the Directors believe highlights the Contractor's confidence in the success of not only the programme at Zink Ranch but also ongoing activity across Mayan's Texan assets"

What will David Sealock be talking about on Thursday - think we have a clue: https://globenewswire.com/news-release/2018/06/18/1526048/0/en/Petroteq-Energy-to-Present-at-MicroCap-Conference.html

great update for ZR - very interesting the contractors want shares rather than cash (and note at 0.85 so a premium to todays price).

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/MYN/13684459.html

Mayan Energy Ltd / Index: AIM / Epic: MYN/ ISIN: VGG6622A1057 / Sector: Oil and Gas 19 June 2018 Mayan Energy Ltd ("Mayan" or "the Company") Zink Ranch Field Development Programme Mayan (AIM: MYN), the AIM listed oil and gas company, is pleased to provide an update on its proposed low-cost development programme at the 1,520 net acre Zink Ranch Field ('Zink Ranch'), Osage County, Oklahoma in which the Company has a 100% working interest ('WI') and 75% net revenue interest ('NRI'). As announced on 15 May 2018, the multi-phase work programme, consisting of workover, new drill and pressure maintenance operations, is focused on increasing production and proving up substantial reserves at Zink Ranch that are believed by the Company to be economically recoverable. · Turnkey contract entered into with a third-party oilfield service company (the "Contractor") to initiate a well workover programme, for a total of five wells at Zink Ranch targeting 100 net barrels of oil per day in the mid-term · Following the approval of Mayan as the Operator at Zink Ranch, intention for four wells to be worked over as producers from the Pennsylvanian Sands formation - initial baseline level of production for each well to be established over a 30 day period · A fifth well will be worked over as an injection well as part of a pilot pressure maintenance test project focused on enhancing production levels · Nitrogen will be injected in three phases with the amount injected increasing with each phase - the performance of the wells will be closely monitored after each phase to evaluate the impact of the test project · Subject to positive results, the Company intends to implement a field wide pressure maintenance programme in 2019 to enhance production on the remaining 12 wells in the field · As part of the turnkey contract an environmental impact study, permitting and site selection for the drilling of possible future new wells, beyond the initial five referenced above, will be undertaken · The total cost of the programme is US$255,000 which includes the following payments to the Contractor: o Initial payment of US$125,000 (£94,700) payable in Mayan shares based on £0.0085 per share equivalent to 11,141,176 Ordinary Shares. o Additional payment of US$100,000 upon completion of the five well workovers prior to the nitrogen injection. Mayan can elect to pay in cash or Ordinary Shares at the time of completion. o Payment of US$5,000 per month in cash for six months for pumping and regulatory reporting services · The Contractor indicated a preference to receive the initial US$125,000 payment in shares of Mayan which the Directors believe highlights the Contractor's confidence in the success of not only the programme at Zink Ranch but also ongoing activity across Mayan's Texan assets · The Contract anticipates initiation and completion o

off to the races, 13% up : )

looks like a strong finish, without PQE news : )

PQE - 4.5% MYN up 7.5% No PQE announcement yet

I guess until there is official exchange release it's fake news, lol I would expect a release today though. US exchange opens soon. Fingers crossed.

yep, every purchase is higher, won't take much now to get this moving...famous last words, lol PQE news might just help do that. A lot.

news could come at any point - PR continues there at a pace - by some accounts production started last week; tick tock PQE Turning Utah's rocks into liquid gold https://www.deseretnews.com/article/900021971/turning-utahs-rocks-into-liquid-gold.html

yep, and good price.