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any remember Eddie at the end of the last pod - he said he was very pleased with the way Asphalt was going adding that he he was restricted in saying anymore but it was very good news - think he was referring to this deal : ) This deal will give flexibility to Mayan on accessing their investment : )

Given Petroteq sp closed at $0.93 I expect Deloro/Mayan might somehow take up the 4M $0.60 warrants = no brainier #MYN They will need to move fast - maybe exercise and partial exit nice gain....

Deal sweetener although Deloro only gave 3 weeks to act - if Petroteq share price continues it rise that will represent a very nice profit. Again assuming Mayan will benefit- RNS first thing will explain what's going in. 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.

https://globenewswire.com/news-release/2018/05/22/1510471/0/en/Petroteq-Energy-Provides-Update-on-Transaction-With-Deloro.html

Interesting which means Mayan also... STUDIO CITY, Calif., May 22, 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 the irrevocable subscription and closing by Deloro Energy, LLC (�Deloro�) for 6,000,000 units (the �Units�) of the Company for gross proceeds of US$3,600,000. Concurrent with closing the Company, Deloro and Petroteq Energy CA, Inc. (the �Subsidiary�), a wholly-owned subsidiary of the Company, entered into a termination and release agreement whereby the parties agreed to (i) the termination of the memorandum of understanding (the �MOU�) between Deloro and the Subsidiary, previously announced by the Company on November 23, 2017, and (ii) the US$2.5 million advanced by Deloro under the MOU, previously announced by the Company on February 5, 2018, being attributed towards Deloro�s subscription. Due to the stable rise in oil prices and the Company�s ability to finance the development and launch of its anticipated 1,000 barrel plant without the funds to be provided by Deloro as per the MOU, the Company felt that it was in the best interest of its shareholders to rescind the MOU, which entitled Deloro to convert the funds provided by Deloro into 51% of the Subsidiary. Therefore the Company successfully negotiated the termination of the MOU and a commitment for additional funds from Deloro to be provided to the Company in the form of an equity investment. Each Unit consists of one common share of the Company and one common share purchase warrant, with each warrant entitling Deloro to acquire one common share of the Company at an exercise price of US$0.91 per share until May 22, 2021. The subscription is subject to final approval from the TSX Venture Exchange (the �Exchange�). All of the securities issued are subject to a four month hold period from the date of issuance. The net proceeds will be used by the Company for use on its extraction technology in Asphalt Ridge, Utah, and for working capital. 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. In addition, the Company has agreed to issue 100,000 common shares of the Company to Mr. Frank C. Ingriselli, a member of the Company's Advisory Board, as announced by the Company on May 21, 2018. The common shares will vest in three instalments between May 28, 2018 and September 30, 2018.

12.6M late reported sells right at the close of play.....good riddance, let the re-rate begin : )

Petroteq Energy Inc 0.90 CAD +0.17 (23.29%) Suggests Asphalt Ridge news imminent

just need to sit tight or add if inclined. Should be some very decent movement soon once the seller has cleared - the signs are that is close. Selling cleared - plenty of news due - in particular Asphalt Ridge any day (they said they were confident of starting production in May) = re-rate : )

Beefing up their team - news due any day about planned production starting this month. https://ir.petroteq.energy/press-releases/detail/264/petroteq-energy-appoints-seasoned-oil-exploration

If you look back over various RNS since Eddie took over he negotiated discounted settlement of quite a few supplier invoices to save the company cash at the time - almost certainly some of these sells coming through will imo relate to these. Probably those suppliers are now making a nice profit on the discounted invoices......funny ol world is AIM. I don't this be will be Broker sales (re past placings) as they will need to inform the company/market.

looks like another big volume day.

Fundamentals and charting are starting to converge: Charts 1.6p Fundamentals 2.1p

Pash - charts man over on Twitter agrees - last night: "4-month high weekly volume leaves #MYN on verge of breakout of bullish pennant: Target 1.60p" Interesting week ahead for sure.

17/11/2017 RNS - oil then $45 - the model worked well then, but now add another $20 to the net back. No brainer. "6 months continuous production at 1,000 bopd triggers upgrade of a materially significant portion of the existing 87 MMSTB Contingent resources to P1/P2 reserves. � Low cost/high margins: anticipated all in costs of US$18-25 per barrel ("Bbl") expected to generate netback margins of US$15-20 per Bbl (at US$45 Bbl oil);"

I see the penny is beginning to drop here - this board is going to look very different in the coming weeks - watch the herd arrive - big style! As the potential AIM company of 2018 - who woudn't want a slice. Get them in an ISA before the real gains kick in.

Quite possibly. Only in the last week or so has there been any sign of the share price catching up. Still plenty to go - it should have been over 1p by now imo. Anyway plenty to look forward to. I had an early change with Eddie when he took over the reigns: his words, last 3 I like, lol "Good news for all of us is we�re barely getting started! The NEW Mayan Energy is a company our investors can be proud of... especially our long time investors such as yourself!!! I won�t disappoint."

Hi - Align made that valuation a few months ago. Since then much has happened in terms of monetising the assets - certainly ZR news and Block upside were not factored in. Nor was oil price they used in projections. So it's all about market cap - what would you value a producer of 500 bopd - genuine answer - certainly a hell of a lot more than 2.1p. That 500 bopd is going to be happening in the near tern based on what we have been told. Quite a few multiples of todays price by end of 2018. imo - dyor of course. When I was buying at 0.29, and seeing the plans unfolding I thought this could easily 10 bag over the next 12 months - who knows. The biggest problem has been shaking off the old NCT image - this in my view has held the price back (with the added seller) - Eddie by his own admission said things were slower to get going but he and his team are now clearly making great steps to kick the old Mayan baggage firmly into touch. A little premature but I doubt if there will another AIM company which re-invents itself so successfully in the way Mayan is doing. Let's see.

for newbies 25 September 2017 Mayan Energy Ltd / Index: AIM / Epic: MYN/ ISIN: VGG6622A1057 / Sector: Oil and Gas Mayan Energy Ltd ("Mayan" or "the Company") Update on Investment - Block Energy Plc ("Block Energy") Mayan notes that Block Energy plc has today announced that it has agreed to acquire the outstanding 31% working interest and as a result attains 100% interest in the producing Norio field in the Republic of Georgia. This acquisition triggers a fundamental change in Block Energy's business activities and status and will be treated as a reverse takeover under the NEX Exchange Growth Market Rules for Issuers. Consequently trading in the Block Energy's ordinary shares on the NEX Exchange Growth Market has been suspended pending publication of its AIM admission document in line with its intention to dual list on AIM, a market operated by the London Stock Exchange. Mayan holds an investment of �300,000 in Block Energy, via �90,000 of equity @ �0.0085 per share and �210,000 in a Secured Convertible loan with a flat 10% coupon, as announced on 27 June 2017. The loan note converts at a 10% discount to any price at which Block Energy's shares are listed or admitted on any stock exchange other than NEX. Mayan Chairman, Charlie Wood said "We are pleased to see the progress Paul and his team at Block Energy are making on the development of their portfolio of assets in Georgia. The impending publication of a CPR and progression to dual-listing on AIM signals the next step in their development phase and the unlocking of value for Mayan as a Block Energy shareholder."

Eddie hints at hitting his near term target in the coming weeks - towards the end of the interview. Also he can't say anything but it sounds like Ashalt Ridge might just be starting production above 1,000 bopd. Worth a careful listen - you will see what I mean: http://www.alignresearch.co.uk/mayan-energy/zak-mir-interviews-eddie-gonzalez-of-mayan-energy/

indeed - except 500 bopd will be arriving well before AR moves to stage 2; This weeks RNS (I said this before - the 300 bopd lower end target has been removed in latest RNS - wonder why, lol) ""Adoption of this development plan at Zink Ranch in no way lessens our commitment to growing our well count at the Stockdale or Forest Hill Fields, but rather adds an additional set of wells on which we can implement the technologies and techniques that have proven to be so successful on the Texas fields. Mayan continues to progress towards its near-term target of a total production rate of 500bopd, and we look forward to updating shareholders with updates from across our portfolio."