Member Info for orslega

yep - seller clearing - could well have been Cornhill over the last couple of weeks - certainly a selling has been holding it back. Maybe some suppliers (paid in shares also) If it was Cornhill we'll get an RNS to confirm. Nice bit of cash for Mayan - Cornhill from memory had 0.30p warrants. But a strange time to sell - but there again they're not investing.

On oil prices; Jerry like getting in front of the cameras - CNBC https://www.cnbc.com/video/2018/05/29/80-oil-is-a-reasonable-target-says-energy-expert.html

late reported buy

quick thought: So ignoring all PQE warrants, Mayan currently have 17.3% in issued 6M PQE shares - that's 1,038,000 shares - these all are paid up. If Align get this right Mayan are looking at US$4.6M as potential value/upside on their investment. Nice. Add in the additional warrants and inducements - even after paying subscription price huge upside in the waiting. Anyday now we should see AR plant producing - then PQE stock value should rise nicely, along with Mayan.

Align - updated note - they say nearly 5 fold upside (Upside pls note, lol) NPV analysis and peer comparisons suggest over 475% upside Our NPV and peer analysis shows the stock trading at a large discount to our perceived fundamental worth of US$4.46 (CAD $5.71). http://www.alignresearch.co.uk/cpt-company/petroteq-energy-inc/

shorts closing - hardly surprising PETROTEQ ENERGY INC ORDINARY SHARES (OTCMKTS:PQEFF) had a decrease of 17.75% in short interest. PQEFF�s SI was 65,800 shares in May as released by FINRA. Its down 17.75% from 80,000 shares previously. With 299,100 avg volume, 0 days are for PETROTEQ ENERGY INC ORDINARY SHARES (OTCMKTS:PQEFF)�s short sellers to cover PQEFF�s short positions.

See Charlie Wood (Chairman of Mayan) tweeting about Block potential in Georgia - Block are listing beginning of next month. Mayan have �300K invested: ""News out today - @FronteraRes has provided an update on drilling operations in #Georgia https://bit.ly/2J4BkFk . This underpins in country prospectivity and Georgia's potential as an attractive #investment opportunity $BLOK #oilandgas" Beginning of June (or could be before) is going to quite exciting for Mayan: Forest Hill update Stockdale update Asphalt Ridge/Petroteq production starts (1,000+ bopd) Block Energy IPO - expecting a good premium Zinc Ranch update

Nice pics - production starts May 2018 i.e. within the next few days : ) https://twitter.com/mayan_energy

Twitter Jim Price ‏ @JimPrice83 11m11 minutes ago #MYN bid is mighty strong right now. They're taking a full �18k worth live and above bid

Mayan has consolidated well over the last few weeks and if it weren't for the recent seller we would have gone much higher - well past Eddie's last buy in at 87p. Fundamentals more than justify a much higher share price. Just be patient and see what happens.

he predicts $80 oil and $100 oil not out of the question. Nice. Last 20 secs he talks about the opportunity worldwide for the PQE technology - Mayan are now invested in that technology via direct equity investment - and we are in at the beginning : )

So right now, Mayan has an investment in PQE as follows: 17.3% x 6,000,000 shares = 1,038,000 shares - these are paid up; we are locked in for 4 months but no bad thing the way PQE share price is taking off with production starting any day soon. Note there are already near term targets of US$4 per share for PQE. Then further rights: There are 1,038,000 warrants at US$0.91 - here it is a 3 year window to subscribe, so no immediate funds are needed. Anything above US$0.91 in PQE share price is equity profit. That will be a no brainer in due course and easy to arrange funding (based on expected increase in PQE share price) - more likely Mayan will be a cash cow over that time so probably will be able to fund from own reserves. Then the inducement/sweetener by Petroteq : 4 million PQE shares x 17.3% for Mayan = 692,000 shares at US$0.91 - this is the cash immediate need i.e. they need to find US$630K by 13/6/2018 to participate. If they participate they then have the right to subscribe for 4 million PQE warrants x 17.3% = 692,000 - over the next 3 years. So Mayan will be looking for a soft loan note to get them into the 4M pot. Eddie will be working on this given his comments yesterday: "We are conscious of the Company's capital structure especially as we do not feel the current progress on the ground is being truly reflected in the share price. "

they are all converting before the next leg up...... STUDIO CITY, Calif., May 23, 2018 (GLOBE NEWSWIRE) -- Petroteq Energy Inc. (the �Company�) (TSXV:PQE) (OTC:PQEFF) (Frankfurt:PQCF), a company focused on the development and implementation of proprietary technologies for the energy industry, announces that the Company has received irrevocable subscriptions from six arm�s length parties for an aggregate of 4,240,667 common shares for gross proceeds of an aggregate US$2,502,022. The net proceeds will be used by the Company for use on its extraction technology in Asphalt Ridge, Utah, and for working capital. The Company also proposes to issue 1,992,244 common shares in satisfaction of US$1,175,424 of indebtedness currently owed to Alex Blyumkin, an officer and director of the Company. The Company determined to satisfy the indebtedness with common shares in order to preserve its cash for use on its extraction technology in Asphalt Ridge, Utah, and for working capital. The shares for debt transaction with Mr. Blyumkin is a �related party transaction� as defined under Multilateral Instrument 61-101 (�MI 61-101�). The transaction is exempt from the formal valuation approval requirements of MI 61-101 as none of the securities of the Company are listed on a prescribed stock exchange. The proposed shares for debt transaction is exempt from the minority shareholder approval requirements of MI 61-101 as at the time the transactions were agreed to, neither the fair market value of the transactions, nor the fair market value of the consideration for, the transactions, insofar as it involves interested parties, exceeded 25% of the Company�s market capitalization. https://globenewswire.com/news-release/2018/05/23/1511112/0/en/Petroteq-Energy-Announces-Proposed-Issuance-of-Securities.html

hiblue - both Deloro and Mayan now have direct equity interest in Petroteq; so no, we don't count bopd - we watch the share price of Petroteq; today they are around Can $1 - so we are all ready up 10% on the value of the shares received in exchange for the production; plus presumably Mayan will also share in the discounted shares/.warrants as the inducement to get them to sign. Align have Petroteq as $4 initial target - so if we get that (no reason why not given the re-rate going on there with 1,000 bopd + production imminent) then Mayan will have quadrupled the value of their investment. For starters. Also having an equity interest means we get exposure to all other deals Petroteq are seeking - outside US.

now you see me now you don't, lol

He ain't clever is ratty - sin binned before he even got into first gear, lol

"We remain focussed on building our portfolio of producing assets in Texas and Oklahoma where we are making strong progress with bringing new wells on stream and building production." Next update soon imo

Mayan Energy Ltd (AIM: MYN), the AIM listed oil and gas company, is pleased to provide an update on its investment in Deloro Energy LLC ("Deloro") which is invested in the Asphalt Ridge heavy oil sands project ('the project') in Utah, USA, which has an 87 Million Stock Tank Barrels ("STB") contingent resource in place and is being developed by TSX listed Petroteq Energy Inc ('Petroteq') (TSXVE: PQE OTC: PQEFF). Following evaluation of the project financing options and both parties existing commitments, it has been agreed to alter the structure and terms of Deloro's US$10m funding agreement with Petroteq to ensure the timely advancement of the Project. This translates into a small dilution to Mayan's equity interest in Deloro. Post restructuring Mayan's equity holding in Deloro will be 17.3% (previously 17.6%). The Deloro investment in Asphalt Ridge has now been structured directly into the TSX and OTC listed entity, Petroteq Energy Inc. via the issue of listed equity and unlisted warrants. The first tranche funding of US$3.6m has been closed by Deloro in return for the issue of 6 million shares in Petroteq where a 4 month lockup applies, and 6 million warrants over Petroteq stock, exercisable at US$0.91 for 3 years which is subject to TSX approval. To complete the first tranche under the revised transaction Deloro has raised a further US$1.1m funds from existing Deloro unit holders to ensure it completes the first phase of funding under the re-negotiated agreement. Mayan elected not to participate in the funding. Mayan's equity interest in Deloro following this capital raise is 17.3% (previously 17.6%). Additionally, Deloro has the right until 13 June 2018 to invest a further US$2.4m in return for the issue of 4 million shares in Petroteq and 4 million warrants over Petroteq stock, exercisable at US$0.91 for 3 years. 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. Mayan CEO Eddie Gonzalez commented, "We are supportive of the new structure and believe our investment in Petroteq and their Asphalt Ridge via Deloro will continue to add value to the Company. With the current strong oil price we see significant upside potential in the shares of Petroteq as they move through commissioning of the plant and expansion of the proposed operations following successful proving of the technology. We are conscious of the Company's capital structure especially as we do not feel the current progress on the ground is being truly reflected in the share price. We remain focussed on building our portfolio of producing assets in Texas and Oklahoma where we are making strong progress with bringing new wells on stream an

Yes Canadian dollars - it is still a true paper profit.....

yes - see the lock in. ......today those 4M have a paper profit of $0.32 per Petroteq share (0.92 -0.60) = $1.28M paper profit. So very bankable proposition to any lender. Petroteq share price will only be heading one way as AR production kicks in. Deloro/Mayan share accordingly. No RNS yet - guess after Eddie has had breakfast his time.