AGM - updates coming:22 Sep 2018 11:05
20/9 RNS re Forrest Hill - fully funded
"We believe the delay at Forest Hill will be resolved this quarter and with production coming on stream across the portfolio" (this quarter - well that means this coming week)
"Upon approval, which following counsel the Board anticipates will be forthcoming in the near term, Mayan will be able to immediately resume production on the leases, which have six producing wells and 225 other local wells with 20-acre spacing and good reservoir characteristics."
23/8 RNS
5 Well Package Austin Chalk - 3 horizontal/2 vertical Gonzalez County - fully funded
The Company will be mobilising equipment to the Gonzalez County field in the first week of September. The initial work-over program is expected to take 8 weeks.  All permits required to work-over and produce the wells are in place once the transfer of the wells are completed.
19/6 RNS (Zinc Ranch - fully funded)
"Turnkey contract entered into with a third-party oilfield service company (the "Contractor") to initiate a well workover programme, for a total of five wells at Zink Ranch targeting 100 net barrels of oil per day in the mid-term
Following the approval of Mayan as the Operator at Zink Ranch, intention for four wells to be worked over as producers from the Pennsylvanian Sands formation - initial baseline level of production for each well to be established over a 30 day period
A fifth well will be worked over as an injection well as part of a pilot pressure maintenance test project focused on enhancing production levels
Nitrogen will be injected in three phases with the amount injected increasing with each phase - the performance of the wells will be closely monitored after each phase to evaluate the impact of the test project
Subject to positive results, the Company intends to implement a field wide pressure maintenance programme in 2019 to enhance production on the remaining 12 wells in the field"
4/6 RNS (Stockdale gas discovery)
Following evaluation by Mayan's technical team and consultation with local vendors, the Company has determined that on-site generation of electricity using gas volumes from the Escondido Sand formation is the most efficient and cost-effective course of action, requiring minimal additional capital expenditure
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)
Mayan is currently engaged in discussions with several municipal purchasers regarding a long-term contract including addition gas anticipated to be unlocked at the Stockdale Field as a result of the Company's planned development plans"
Plus PQE/BOE inves
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