Member Info for orslega

AGM is Thursday 27 September 2018.

What will be discussed? Expect a full operational update before then, tick tock.

(Won't be there unfortunately but expect there will be a few die hards, lol)

https://xnewspress.com/2018/09/10/insider-buying-petroteq-energy-inc-pqe-director-purchases-336871-shares-of-stock.html

Petroteq....a shake even...

Yep - just need a comprehensive update to reverse this current dire sentiment.

23/8 RNS

Eddie Gonzalez, Managing Director, said: "With the addition of these 5 new wells plus ongoing work programmes at Forest Hill and Zink Ranch we are well positioned to drive daily production forward. Our technical team has demonstrated their capability to achieve results by exploiting existing well bores using cutting-edge and proprietary tools and techniques. Thanks to today's agreement, our team now has many more opportunities to replicate this success. I expect the Gonzalez County wells to form the backbone of our production, augmented by important contributions from Forest Hill and Zink Ranch & Stockdale."

I see there is also a shale going on at Petroteq - just before they announce their grand opening.

Expecting position taking in advance of operational update.

Getting on with it:

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/BLOE/13783834.html

"We may see some action in the next couple of weeks here."

Bloody right we will, lol

Looks like news is in the system....twitter yesterday:

"myn - Operational update Monday or Tuesday, fresh from the company this morning"

so a bit like Petroteq then, no-one has managed to produce commercially in Utah at such low cost......first time for everything.

Everything lining up nicely atm

According to Pash on Twitter we have hit a triple bottom - explosive action soon then, lol

looks poised to move now : )

look like ISA transfers imo

Closed higher yesterday.

Mayan investment growing daily.

All the signs (and the press) are saying 1,00o bopd is already happening - they are obviously waiting for the final regularity sign off imo

"As well as its proprietary technology, Petroteq potentially has two more factors working in its favour.

Firstly, the Athabasca Oil Sands Project (AOSP) has been plagued by disruptions to its proposed transcontinental pipelines, most notably TransCanada’s Keystone XL project . Petropac is unlikely to face this problem since it sells its crude to local refineries, which process the oil into diesel fuel.

The second point has to do with economies of scale and the price of oil.

Petroteq is unlikely to face pipeline construction protests since it sells its crude to local refineries, which process the oil into diesel fuel.

Petroteq may be a relatively minor operation – it only employs 20 people ate present – but its small size belies a larger ambition. Current daily production from Asphalt Ridge stands at 1,000 barrels, but the company plans to increase that to around 5,000 in the next three years, and 25,000 over 25 years."

https://www.compelo.com/energy/news/utah-oil-sands/

"To suggest they will get X bopd without paying anything towards the development costs just is not true."

Clueless - do some research - the above statement is erroneous and mis-leading - obvious agenda.

Yes definitely - it only takes a sale of £100 and MMs mark it down, lol

Petroteq starting to move. Up 4% at close yesterday.

".......highlights which include its finalized continuity testing at its Asphalt Ridge facility"

Finalised then - announcement of full production anytime : )

More PR

https://ir.petroteq.energy/press-releases/detail/288

2.5M buys appearing from yesterday......MMs eh

The contractor will be keen to get Mayan Share price moving - they chose to take shares at 0.85p for most of their bill:

"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

As part of the turnkey contract an environmental impact study, permitting and site selection for the drilling of possible future new wells, beyond the initial five referenced above, will be undertaken

The total cost of the programme is US$255,000 which includes the following payments to the Contractor:

Initial payment of US$125,000 (£94,700) payable in Mayan shares based on £0.0085 per share equivalent to 11,141,176 Ordinary Shares.

Additional payment of US$100,000 upon completion of the five well workovers prior to the nitrogen injection. Mayan can elect to pay in cash or Ordinary Shares at the time of completion.

Payment of US$5,000 per month in cash for six months for pumping and regulatory reporting services

The Contractor indicated a preference to receive the initial US$125,000 payment in shares of Mayan which the Directors believe highlights the Contractor's confidence in the success of not only the programme at Zink Ranch but also ongoing activity across Mayan's Texan asset"