Member Info for sniffer78

30 day test began 24th Sept expect update on these after the 24th Sept. The initial horizontal workover operations are expected to commence in the week commencing October 1. The two vertical wells will be produced over the next 30 days and assessment made as to the best technique/s to enhance longer-term stabilised production levels. In addition to increasing existing production levels, there are currently 966 barrels held in tanks that the Company will be looking to sell at the earliest opportunity. The Company will update Investors once the workovers have been completed and then again once stabilised levels of production have been achieved. Production continued to increase over the weekend, reaching a peak of 163 barrels of oil on Sunday 23 September, as fluid levels in the well bores continued to decline and oil cut improved substantially from approximately 8-11% at the beginning of the week to 17-22% by Sunday afternoon. Meanwhile the two vertical wells were turned on during the afternoon of Monday 24 September and produced a combined 64 barrels of oil in the approximate 15 hours of production to 8am Tuesday morning.

Let’s not start another slanging match, MYN doesn’t need anymore negative attention. Personally I will give Woods a couple of months and see what he can deliver. ATB

Sadly none of this is fun :-(

That is key to the recover going forward puts MYN back on solid footing.

Bonfire night or before ;-)

Forest Hill Field, Wood County, Texas · Four wells (the Gilbreath 15, 19, 48 and Amason #1 wells) currently producing at an average rate of 190 gross bopd - 100 bopd net to Mayan • Oil production at Forest Hill is low cost and highly profitable: o Realised oil price is WTI plus US$2.00 which based on current oil prices will yield approximately US$69 per barrel at current oil price levels o All-in operating costs are expected to average less than US$15 per barrel of oil based on an expected production level of 5,730 gross BOPD over a 30 day month, consisting of US$12,500 per month fixed cost for operator, contract pumping services and electricity cost to operate the downhole pump and US$12.30 per barrel of oil produced for other variable costs including liquid fuels used onsite, chemicals, and disposal of formation water

Gives MYN 100BOPD net

Forest hill will change everything, once switched back on 100BOPD+ NET I have sneaky feeling it has been settled ;-)

Back up hopefully once shit storm sorted

The Axe must fall on Woods, its the only way forward.

What a big fecking mess this is, BOD totally underachieved and more.

Interims is done so is something going on. Closed period over surely.

Gonzelas 5 wells has the potential to turn this around in a flash. Also other updates anytime can also. ATVB

No they aren’t but no work has been done just the taps turned back on. Hence the statement below. Company is highly encouraged by these results, particularly as these have been achieved prior to any work being undertaken on the recently acquired wells. Good night

Gonzalez 5 wells produced 227BOPD Gross 102 BOPD net MYN Company is highly encouraged by these results, particularly as these have been achieved prior to any work being undertaken on the recently acquired wells.

WTI Oil price $71.90 +1.58%

The Agreement gives Block unlimited and exclusive access to two A50 workover rigs and a ZJ40 drilling rig owned by JSC NOC and GOG and also provides the Company with access to a significant inventory of other miscellaneous drilling and workover related equipment for a period of six months ('Initial Term'). In addition, the Company has secured an option to extend the Initial Term by up to a further six months. The A50 service rigs have already been successfully inspected and will now be made immediately available to Block. The first A50 rig will be mobilised within the next few days to commence the scheduled work programme. This is focused on rapidly increasing production across Block's licence base to ~900bopd within 24 months. In addition, a legacy gas discovery in the Lower Eocene on West Rustavi will be retested. This specific play has been assigned net unrisked 2C contingent resources of 291 billion cubic feet ('bcf') of gas and 3.5 million bbls of condensate and lies on trend to the same play being targeted by oil and gas services giant, Schlumberger, in close proximity on neighbouring fields.

WTI $71.02. +2% https://oilprice.com

My guess M&A in progress, been my guess for last 3 months.

Agreed