Member Info for orslega

19/6/2018 RNS

"The Contract anticipates initiation and completion of the five workovers within 30 days of Mayan assuming operatorship at Zink Ranch - the Company has engaged counsel to complete this process and anticipates a timely resolution of this matter"

ZR must be up and running by now - the operator issues hopefully having been resolved.

Well it's September - when Petroteq have planned the grand opening - they have done considerable PR - Fox News, New York Times et al

So news has to be very close. And somehow I don't think they've set themselves for failure. Quite the opposite.

Mayan via Deloro will be able to tap the PQE investment end of this month - if they need to, so timing is good. Better to securitise the value but even better gets some maintainable production going.

Eddie told me a little while he will not disappoint - patience is a wonderful virtue.

I expect a serious re-rating soon. imo

things can change very quickly with AIM stocks - Mayan will be no exception - imo September will our month - in many ways.

Fingers crossed.

https://uk.reuters.com/article/oman-oil/oman-expects-oil-prices-to-stay-between-70-80-per-barrel-this-year-waf-idUKB2N1VA016

ADL - worth a listen - CEO very focused - interesting comment that they are already looking for partners in anticipation of getting Indo Gov approval by December - not long to wait. Targeting 2-3M barrels (proved) - low risk, low cost., near term.

Also he mentions other targets within the licence.

Mayan will be happy to sit back and watch the value of 12.5% participation right grow.

from ADL board - MYN have 12.5% Participation in all ADL Indo projects

"With ADL ceo Simon in case you missed, you may miss on a many bagger, a story unfolding after 3 years of wait!

Andalas at 12.29 minutes"

https://www.voxmarkets.co.uk/articles/eco-atlantic-oil-gas-anadalas-energy-power-simon-wajcenberg-36f78ec

It's a great picture - they look ready.

expected by Labor Day - look at the caption in english under this recent photo - so that's this Monday - US markers closed.

News Tuesday then? Maybe - then we're off to the races. Something else to discuss at the AGM, what will Mayan investment be worth then?

https://www.elfinancierocr.com/desde-nueva-york/una-forma-innovadora-de-extraccion-busca-convertir/FHQ3QEWXDNCLNH4S4DJNOXJ4M4/story/

that should end up being a lot more than beer money.

Easy money from here.

the obvious observation/conclusion is that September is going to a news filled month

..... not before time..

This is the first AGM since 2015 - the company is not obligated to have an AGM - this is because the holding company is registered in the British Virgin Islands.

imo this a good sign demonstrating that Mayan has turned the corner and now happy to meet shareholders - otherwise why would Eddie bother - he doesn't have to.

indeed, plus Stockdale (gas discovery) monetisation update

would have preferred an update rather than AGM notice!

......pretty sure they have not said......yet. But yes they have said there is to be a grand formal opening.

Expect that date to be announced when they say plant is operating at full production (note there is current press saying they are already doing 1,000 bopd - but that is speculation - maybe they hope to announce a higher production figure?

The PQE share price has consolidated well - closed up at $1.56 yesterday. Ready for very near term news.

Shorts closing - wonder why?

August 29, 2018 - By Rhonda Roth

The TJX Companies, Inc. (NYSE:TJX) Logo

PETROTEQ ENERGY INC ORDINARY SHARES (OTCMKTS:PQEFF) had a decrease of 17.75% in short interest. PQEFF’s SI was 65,800 shares in August as released by FINRA. Its down 17.75% from 80,000 shares previously. With 299,100 avg volume, 0 days are for PETROTEQ ENERGY INC ORDINARY SHARES (OTCMKTS:PQEFF)’s short sellers to cover PQEFF’s short positions.

yep it's on the move, paying 0.49 now up 5.3%

"Petroteq is currently producing 1,000 barrels per day, with a plan to scale that up to 5,000 barrels per day in three years. To be sure, this is a relatively minor operation in the grand scheme of things, but it would likely spark broader investor interest, clearing the way for Utah’s oil sands industry."

Well can Petroteq confirm that please!

The Single Biggest Breakthrough In Oil Tech This Year

https://oilprice.com/Energy/Crude-Oil/The-Single-Biggest-Breakthrough-In-Oil-Tech-This-Year.html

Interesting comment in final para

this time !,000,000

bargain basement