Member Info for orslega

from twitter From start of April the 200dma bottomed out at 0.5p & has since moved up to 0.6p. Meanwhile since June 1st the SP is moving down. The 2 are basically making a bee line for each other. Either just before or just after I suspect this will bounce & hard #MYN

trader bought yesterday - sold today at a loss - says it all real

Definitely a no brainer. I see PQE share price, like Mayan "on hold" - wjhat happens when PQE say they are producing 1,000 bopd? Market will notice that as it is no longer tomorrow's prize. We should have additional Mayan subscription news on that front tomorrow hopefully. And we should also have operational news on Forest Hill. Can see a few traders getting itchy feet - in fairness Mayan have dragged their feet a little and traders think they see other opportunities inbetween. My advice is sit tight too many positives near term. Mayan has not re-rated yet - imo this could happen at anytime. But this AIM - traders will still come back but at much higher sp levels.

slow to get going. Guess some placees churning but for little profit.

this update must due very soon. "Coming weeks" - a month has elapsed since this: RNS 8/5/2018 Plans to add additional wells to production at Forest Hill have been developed with work scheduled to commence in coming weeks, subject to completion of certain regulatory filings currently underway and scheduling of vendors. Eddie Gonzalez, Managing Director, said: "Thanks to the excellent well result at the Stockdale Field and the four producing Forest Hill wells, production of over 130 barrels per day net to Mayan's interest places us in a strong position: positive operating cash flow from growing production in a robust oil price environment. By removing what had proven to be a significant burden and resource drain (of both capital and human resources), the relinquishment of Shoats Creek strengthens the Company's position and further focuses our energies on high return assets. "The Board is committed to directing capital to where it makes positive returns for our shareholders and as such believe that our Texan assets are the optimum place for Mayan capital moving forward. With multiple additional low cost workover opportunities to further increase production identified across our portfolio of Texan assets, shareholders can expect more of the same, as we focus on building on the excellent production growth we have delivered to date, and in the process build a highly cash flow generative US onshore focused oil and gas company."

"Elsewhere in our portfolio, work continues across our US onshore assets including the Stockdale Field in Texas where we recently announced our strategy to monetise a significant gas discovery and Zink Ranch in Oklahoma where an independent review has identified up to 3.5 million barrels of recoverable oil that may be economically developed through a multi-phase, low cost development programme. Together with progress at the Asphalt Ridge Project in Utah, the next few months will not be short of high impact news flow and I look forward to providing further updates on our progress."

Mayan (AIM: MYN), the AIM listed oil and gas company, is pleased to note that ordinary shares in Block Energy Plc ("Block Energy") (AIM: BLOE), the exploration and production company focused on the Republic of Georgia in which Mayan now holds a 3.29% interest, commenced trading on AIM this morning at 08:00 ("the Admission"). In tandem with the Admission, Block Energy has raised �5 million via an oversubscribed placing and subscription of 125 million new ordinary shares at a placing price of 4p each ("Placing Price"), implying a market capitalisation of circa �10.3 million at the time of the Admission. Based on the implied market capitalisation, the 8,510,341 ordinary shares in Block Energy that Mayan holds are valued at �340,414, which compares favourably to the original �300,000 Mayan invested in Block Energy in June 2017. As detailed in the Company's announcement of 27 June 2017, Mayan's �300,000 investment in Block Energy was structured as follows: � �90,000 equity investment via a placing of new shares at �0.0085 per Block Energy Share; and � �210,000 via a Secured Convertible Loan Note. 10% flat coupon with conversion to equity at a 10% discount to any price at which Block Energy's shares are listed or admitted to trading on any stock exchange other than NEX. In line with the above, the �210,000 Secured Convertible Loan Note has been converted into 6,392,694 ordinary shares in Block Energy, increasing Mayan's total holding to 8,510,341 ordinary shares, which represents 3.29% of the entire issued share capital of Block Energy. Block Energy has a portfolio of oil and gas licences in a proven region of Georgia with existing scalable production; 2P net oil reserves that have been assigned an NPV10 of US$39.3 million; and substantial potential from 608 Bcf 2C gross unrisked contingent gas resources that lie on the same play being tested by leading oil and gas services provider Schlumberger on an adjacent licence. Following the Admission, Block Energy is funded to recomplete/reactivate ~10 wells and side track wells in line with its strategy to initially increase its existing oil production to over 900bopd from 15bopd and test the 608 BCF (2C) gas discoveries within the next 18 -24 months. Eddie Gonzalez, Mayan's Managing Director, said, "We congratulate the team at Block Energy on the successful Admission to AIM and fundraise that has resulted in leading fund managers Miton Group and Amati joining its shareholder register. We view this as third-party validation of our early stage investment in Block Energy. From the outset, we recognised the significant scalability and potential of Block Energy's growing portfolio and we look forward to closely following the team's progress, as they embark on their low cost / low risk development programme. "Elsewhere in our portfolio, work continues a

http://www.cityam.com/287294/georgian-oil-firm-floats-amid-ambitious-production-targets

buying at 4.66

per PR info Block are fully funded to recomplete/reactivate 10 wells and to side track 3 wells. Their plan is to take current production from 15 bopd to 900 bopd within 18 month.

Mayan starting position in Block: circa 8,500,000 at 4p

https://www.youtube.com/watch?v=0HG4veRLlS0

Charlie Wood Chairman of MYN Block Energy #BLOE listing on #AIM tomorrow following an oversubscribed placing. Find out more about our licences in #Georgia and short-term plans to increase production dailym.ai/2HxJTUg #oilandgas

check out bonker99 on twitter

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Note the Block placing was oversubscribed - those who missed out will want in - could be a nice premium tomorrow. Block has been a long time coming it's looking like a smart Eddie move. As drillingcrew says plenty to look forward to - starting (again, lol) tomorrow : )

....Schlumberger are also new to the area, they will be watching Block imo Block Energy, the exploration and production company focused on the Republic of Georgia, is pleased to announce the results of an independent Competent Person�s Report (�CPR�) prepared by Gustavson Associates (�Gustavson�), which confirm the asset backing behind Block Energy, comprising gross 2P oil reserves of 1.6 MMbbl and an NPV10 of US$26.9m for its Norio licence (100% Working Interest). A further 0.9 MMbbl have also been identified on the previously producing West Rustavi permit where the Company has an agreement in place to farm-in to a 75% working interest and 11.3MBbl at its Satskhenisi Licence (90% Working Interest) In addition, the CPR highlights major development potential across the asset base, including gross contingent resources (2C) stand at 73 Million barrels of oil and a significant 626BCF of gas across all three licences. All three permits are located within immediate proximity to Georgia�s largest discovery, which at its peak produced approximately 70,000bopd, accounting for nearly 95% of Georgia�s total oil production and recently acquired (100% working interest & operator) by major oil services Company, Schlumberger. The complete CPR can be found at the following link: http://www.blockenergy.co.uk/wp-content/uploads/2017/12/Block-Energy-CPR.Gustavson-Final.112217.pdf

We will know by this Wednesday- hopefully Eddie has secured funding for Mayan 17.3% entitlement - should be a no brainier as already in profit. "Pursuant to Deloro�s subscription, and subject to the approval of the Exchange, the Company has granted Deloro the right and option to subscribe for up to an additional 4,000,000 Units at a deemed price of US$0.60 per Unit until June 13, 2018"

An oil and gas company that plans to become one of the biggest independent players in eastern Europe by developing a �30 million prospect in Georgia is listing on the stock exchange on Monday. Fund managers Miton Group and Amati Global are among investors who have raised �5 million funding for Block Energy through an oversubscribed share placing. The firm will list on Aim with a �10.3million valuation, after buying two oilfields near Georgia�s capital, Tbilisi. Fund managers Miton Group and Amati Global are among investors who have raised �5 million funding for Block Energy. Block Energy, chaired by Gulf Keystone non-exec Philip Dimmock, says its potential resources in the Kura basin are worth $40 million (�29.9 million). It plans to produce 900 barrels of oil per day within 18 months. Schlumberger, the blue-chip oil services company, owns neighbouring licences, which have already produced 200 million barrels of oil.

sp on the run again : )