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time to bounce back : )

Clearly a seller still in motion - maybe the Cornhill remainder......

yes, this comment from Eddie confirms just that: "With further development work planned across the field, we are optimistic of further upside and view this is as an excellent opportunity to create an additional revenue stream".

Fezz on twitter "MYN 1.3m cubic feet of gas per day is equivalent to 223 bopd. Add 10 barrels of condensate. Then factor in selling it at a premium. At a conservative $40 per barrel netback this discovery alone is worth $3.5m per annum net profit to the company" Big numbers at little cost : )

Align want more: "Bidding for stock in Mayan Energy #MYN again today - size sellers contact info@alignresearch.co.uk to cut out market maker spread."

Anybody notice the technique being used - more to come; naysers take note - this technology works, the evidence is clear to see. Excellent. "The Escondido Sand formation, from 4358'to 4776' (feet) was identified using the Company's proprietary Quad Neutron Roke tool on the Morris #1 well."

3 billion cubic feet resource. What a bonus, as Eddie puts it! "Initial production rate from this gas resource is anticipated to be significant and the Company believes that a sustainable rate of approximately 1.3 million cubic feet per day gas and 10-11 barrels of condensate per day is achievable with potential for further upside � A total of 20' of net pay estimated to contain 3 billion cubic feet of natural gas is considered to be recoverable (see announcement dated 26 April 2018)

Pash charterist on twitter agrees: #MYN Still playing out within the bullish weekly pennant, with yet another perfect test of support on Friday. This is a relatively long term chart, so patience has been required but we're edging closer to a breakout Target: 1.56p

Jackal5 I agree. Am expecting an update this coming week. The patient will be rewarded handsomely imo - Eddie is building a substantial company, and we are only just starting out. The last operations update made no reference to 300-500 bopd, the 300 bopd reference was dropped. So it looks like we will be at 500 bopd very soon. For starters. This week Mayan received �154K from Cornhill on exercise of their warrants - more useful cash - equiv to $208,000 - enough to do 7 FH workovers at approx $30K a pop.

Ah, what a prediction - all still on track, just about - setting up for full production at 1,000 bopd is no easy task; a few more days and we're off to the races. Meanwhile bargain basement sp in Mayan soon to be smashed imo - don't get left behind imo

OK how about a Petroteq update when the US wakes soon: Mayan last RNS - last week - said production commences in May......Deloro and Mayan would sure know - they have pumped millions into AR to get this far..... "With the current strong oil price Deloro and Mayan see significant upside potential in the shares of Petroteq as they move through commissioning of the Asphalt Ridge plant. Production remains on target for 1,000 + bpd with ramp up commencing during May and June 2018. We note that Align research has recently valued Petroteq at US$3.98 per share."

See PQE was up 9% yesterday. Mayan candle will also be lit when PQE announce producrtion - the question is will it be over 1,000 bopd? RNS any time now as end of May - their last target is a goner.

makes a change, lol

RT AlignResearch "Spread in Mayan Energy #MYN illustrates why MMs come in 4 criticism. They are trying to deter trade, no doubt due to book positioned wrong way. It is inevitable stock will respond to newsflow soon we believe."

MAYAN ENERGY � OVERHANG OF STOCK LOOKS TO BE CLEARED May 31, 2018 | Posted by admin Align: We are not alone it seems in scratching our heads in recent months as to why the stock price of Mayan Energy has not been responding to the underlying operational progress and rising oil price. Under the stewardship of CEO Eddie Gonzales the company has been transformed into a cash flow positive minnow with a growing production profile and exposure to the exciting Asphalt Ridge prospect in Utah through the re-negotiated stake in Petrotreq (see HERE re the upside we see in this stock) aswell as recently exiting from the millstone that had been Shoats Creek � a legacy from the previous management. From misplaced and ill informed comment of a placing months ago to biased research from another City house with a negative agenda the company has assuredly proved each of these positions wrong. News out this morning of a warrant exercise totalling over 44m shares looks to us the be the green light for the long awaited re-rating of the stock to catch up with events on the ground. We have taken advantage of the seller in recent months in adding to our position and believe the stock to be now at its most exciting point since the recapitalisation last August as Eddie Gonzales moves full speed ahead now to push production towards 500 bopd. When this milestone is achieved we can see our price target of 2.1p being surpassed and thus with the news this morning of the stock overhang that has been devilled the shares for many weeks looking to be gone we once more reiterate our Conviction Buy stance per our note

and surprise surprise (not) MMs widen the spread - couldn't make it up.

Mayan Energy, the AIM listed oil and gas company, announces that pursuant to the receipt of exercise notices for a total of 44,100,000 options, it is issuing 44,100,000 new ordinary shares in the Company (the "New Ordinary Shares"). The exercise price of the warrants was 0.3 pence for 36,575,000 warrants and 0.6 pence for 7,525,000 warrants. The option and the warrant exercise raised �154,875, with the proceeds being utilised for additional working capital. Application has been made for these New Ordinary Shares to be admitted to trading on AIM and it is anticipated that trading in such shares will commence on or around 6 June 2018 ("Admission"). ......but the story is they have already forward sold - makes perfect sense as to explain why the price was being held back...now business as usual : )

The rumour across Twitter is that Cornhill have exercised and forward sold their 0.30p warrants. That would mean �86.5K to Mayan bank a/c. If they have sold we should hear via RNS. "In addition, in connection with the Placing the Company has agreed to award Cornhill Capital Limited, the Company's Broker and Placing Agent ('Cornhill') and a further direct subscriber, warrants over 28,825,000 Ordinary Shares valid for two years from the day of the Placing, which shall give Cornhill and the direct subscriber the right to acquire 28,825,000 Ordinary Shares of the Company at the Placing Price."

PQE yesterday https://www.networknewswire.com/petroteq-energy-inc-tsx-v-pqe-otcqx-pqeff-president-predicts-that-oil-may-hit-100-per-barrel/

yes the signs are seller cleared - strong finish imo