Member Info for orslega

RT AlignResearch "Fielded a few questions in relation to Mayan Energy #MYN in recent days. Sadly we are currently restricted so cannot comment save for reiterating the basis of our Conviction Buy call here - http://www.alignresearch.co.uk/cpt-company/mayan-energy/ �"

Yep, short week - expecting to see positions being taken, not least those wanting in at 15% below CEO recent purchase....

Morgan Stanley also cited a pick-up in seasonal demand in the coming months and geopolitical risk as potential supports for oil prices. "We are only 3-4 weeks away from peak refinery maintenance, after which crude and product demand should accelerate ... Global inventories are already at the bottom end of the five-year range. With the inventory cushion largely gone, oil prices will likely be more sensitive to geopolitical risk factors," the U.S. bank said. "There are sufficient reasons to expect oil prices to strengthen further from here, and we stick with our (Brent) $75 per barrel call for Q3," Morgan Stanley said. https://uk.finance.yahoo.com/news/oil-prices-rise-saudi-arabia-says-production-curbs-005441843--finance.html

see buying at 10% less than what Eddie paid - nice opportunity = won't be around for very much longer imo

beer money.

"The Company intends to start reporting quarterly KPI's including number of wells, production and sales by field starting at the end of March 2018" Expecting Ashalt Ridge update - production about to start....

27/2/2018 RNS Paul Haywood, Director of Block Energy, said, "Following the sale of Antubia, Block Energy is an asset backed, revenue generative junior oil and gas company focused on the Republic of Georgia: asset-backed as demonstrated by a recent CPR which estimated our assets hold net proven oil reserves of 1.5 million barrels and 2C contingent resources of 60m barrels of oil and 450BCF of gas; and revenue generative thanks to our existing low cost production of 20-30bopd which covers our operating expenses at the field level. Georgia is a proven but underdeveloped oil producing nation and, following our planned Admission to AIM, we intend to capitalise on our first mover advantage to build Block Energy into the largest independent producer in the country."

"People are selling because there has been a further three weeks of cash burn and the likely placing is creeping ever closer and they do not want to be caught in the usual discount." Who said that, lol

I don't care - but you have previously declared on the board when you have bought and when you have sold. Just saying. Presumably though there is no point in holding if you follow your own advice?

so you must have sold out by now if you are so sure? Yes?

Oil Hits Three-Week High as Glut Shrinks Faster Than Expected https://www.bloomberg.com/news/articles/2018-03-20/oil-trades-near-63-as-risk-aversion-adds-to-u-s-shale-anxiety

I wouldn't worry - look at the volume, it has been very small last couple weeks. A purchase or sale of a few hundred quid moves the share price, what does that tell you.... Most are sitting on hands waiting for news on various fronts. Then the fun starts.

Yes looks like it could be Cornhill cashing in a few, but they have quite a few more - sensibly hanging onto 8/8/2017 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.

peanuts

Cornhill? Mayan Energy Ltd ("Mayan" or "the Company") Exercise of Warrants The Company announces that it has received notice of the exercise of warrants to subscribe for, and accordingly issued, a total of 833,333 new ordinary shares in the Company (the "New Ordinary Shares"). The exercise price of the warrants was 0.3 pence. The Company has received �2,500 in respect of this exercise. 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 21 March 2018. Following Admission, the Company's enlarged issued share capital will comprise 1,167,169,264 ordinary shares. The Company does not hold any shares in treasury. This figure of 1,167,169,264 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

BT - I'll also take 8p in 9 months time. Go Eddie, go!

doing what they do......delayed buys now appearing.... just sit tight....

Good listen! The Crude Life Media Network Published on Mar 12, 2018 Jerry Bailey tells the story of Petroteq Energy on how they are becoming a player in the oil and gas industry due to technology. https://www.youtube.com/watch?v=tBS0HvNhxlQ

Expected this which will confirm https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=MYN.L

Agreed + whatever �300K invested in Block IPO adds. Align comment last November when MYN market cap was �6M: Good progress has been made in recent months at the Stockdale and Forrest Hill Fields where the team is aiming at the �low hanging fruit�. At Stockdale (60% WI, 45% NRI), relogging using the quad neutron tool identified new zones. These have been perforated and without any stimulation resulted in 15 bopd and 100 barrels of water per day. The well has been plugged for the moment and when in production will have co-mingled production from two zones. In this area, 30-50 bopd per well seems to be the norm. At present, permitting for a water disposal is underway to allow water from 10 wells in this area to be reinjected into the Austin Chalk. This level of water cut would be uneconomic offshore however, onshore in the US in this location, the board believe that these costs are highly manageable. At Forest Hill Field (70% WI, 52.5% NRI), the first well had flush production of 150 bopd and then 40-45 bopd consistently. Oil currently gets squeezed up between the well tools and the fairly narrow tubing and appears with the consistency of peanut butter. By upping the diameter of the tubing, changing the pump and adding some stimulation plus surfactant to reduce the viscosity is expected to be enough to allow production in the range of 70 -100 bopd. Soon the team plans to be working over two or three wells a quarter which will allow production to rise significantly from the company�s current level. The board is comfortable that 300-500 bopd (net to Mayan) will be achievable by late spring 2018 (70% Forrest Hill and 30% Stockdale). Our oil production forecasts are for an average of 650 bopd net to Mayan in 2018 from these oil projects whilst at Asphalt Ridge, we are forecasting oil production to average 2,500 bopd (207 bopd net to Mayan) for 2018. This represents a big increase on current production, but is just the start as Mayan has its eyes set on becoming a multi-thousand barrel a day company. The company expects to be cash flow positive in the next quarter (Q1 2018). Mayan has a significant inventory of wells and reserves. Given the progress that has been made on the ground & the successful results of workovers, it will be of little surprise that there is a significant upgrading of reserves to come which should provide a further uplift in the valuation of the company." They have 2.1p near term based on the above.