Member Info for orslega

per align "To us, aside from the circa $136,000 per month of positive cash flow from the fields (and that should grown exponentially now over the coming months), the shedding of the Shoats Creek field in Louisiana and the ongoing costs drag of this on the company now sets the scene for increasing operational returns to shareholders. Many investors always questioned the suitability of the Shoats Creek project and we see the relinquishing of this field as the final closing of the �old Mayan� and freeing the company up from the potentially significant plug and abandonment liabilities. This is unequivocal good news. The message that is coming through loud and clear from CEO Eddie Gonzalez is that the company has a well-defined growth path not just to the intermediate target of 300 � 500 bopd, but to the substantially higher levels of production in line with the longer term corporate strategy that the Board has outlined in the past. This out and out growth story is based on the Board�s goal of adding 1,000 bopd each and every year. Certainly the performance over recent months revealed today ought to serve to answer the critics of Mayan that has come from certain quarters. We believe that today�s announcement together with the unexpected news on the gas discovery at Stockdale per HERE revealed 2 weeks ago provides greater transparency to investors about the fast-changing fortunes of Mayan Energy. Eddie undoubtedly marked investors� cards with his share purchase less than two months ago when he bought 2.2 million shares at 0.87p. At the current price we thus remain highly positive and reiterate our Conviction Buy stance with a target price of 2.1p. We are also to interview Eddie in the next several days in order that he can elaborate on the plans for the company in the months ahead."

so for starters: "137 net barrels of oil per day ('bopd') is now being produced across its Texan assets (being the Stockdale Field and Forest Hill Field)" Top line - just these 4 wells is $250,000 per month - with such low production costs. Eddie says today, shareholders can expect more of the same....great Cash cow springs to mind : ) Next up - Asphalt Ridge - another 80 bopd net to mayan - due to start any day (as per last RNS).

Great RNS "more of the same" : ) "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"

no comparison whatsoever "The total cost of the Acquisition and drilling of the Twin Well is expected to be approximately US$380,000." "Target production for the first year of the Twin Well is expected to be in the 25 bopd to 40 bopd range." We are $30K costs - 1/10th to produce the same, if not more oil. No brainer. Market will see this v shortly imo

“So yes slower in action but a well built structure needs solid foundations” That is precisely how David Khan likes to do things- he has been extremely successful with this strategy - his own independent oil and gas companies. Any newbies looking David Khan is a major shareholder in MYN and is key in taking the company forward. Now moving to a strong buy - expecting that to be well founded on next news : ) Dyor

s/b could easily netting back $50+per barrel

costs are almost certainly well below $25 - could easily netting back $40 per barrel and and rising. Align conviction buy target of 2.1p is now looking a on the low side now imo - that was in November - OK we've been slower in hitting targets but I believe we are now poised for the series re-rate.......plus their note was before the Stockdale discovery. Updates this coming week will sort that : )

lots now buying in, why not, what is there not to like : ) Very much looking to the next update - due anytime now........

Precisely - if you believe in Mayan prospects here it is imperative that no stop losses are set. The MMs will drop and collect and then you're left buying back in - at a premium. Usually MM tactics. This current share price is an absolute gift - 15 % lower than Eddie's last tranch. The explosive fun and re-rating will start very soon imo. Sit tight and enjoy the ride.

ha, for the late arrivals, lol

Normal day today...4.40pm https://www.stockmarketclock.com/exchanges/lse/market-holidays/2018

top up time before the re-rate, imo

Ha - loads of Gas eh! lol

share price catch up - very true. We are due plenty of news. Hopefully when news hits it will get us over 1p for starters - where it should be already imo - - then watch it re-rate, quickly imo. The market can only hold this down for so long, the consolidation is done, shares are in tight supply, 300-500 bopd must be close - so all the ingredients to move this up and fast.

what's occurring - many posts disappeared from here today?

Good spot that. You don't need to go googling when the clues are already on the Mayan website!

Lets see

Well at least Upside you admit your incomplete and mis-leading research. Labratt will have to follow because he piggy backs on you, lol

appears - very late. Naughty MMs indeed.

Stockdale - it looks like there are some much more knowledgeable posters on Stockdale who paint a VERY different picture to those less informed. As they say do you your own research, don't rely on others - otherwise it proves rather embarrassing and mis-leading. Stockdale update should be this week imo - that should deal with a few misplaced comments of late.