27 Sep 2018 11:15
Mayan Energy Ltd / Index: AIM / Epic: MYN/ ISIN: VGG6622A1057 / Sector: Oil and Gas
27 September 2018
Mayan Energy Ltd ("Mayan" or the "Company")
Adjournment of AGM
The Company announces that prior to the Annual General Meeting ("AGM") scheduled to be held this morning, the decision was made to adjourn the AGM for 14 days; the AGM will therefore now be held at 10.00am, 11 October 2018 at the offices of Hill Dickinson 105 Jermyn St, St. James's, London SW1Y 6EE.
The decision to adjourn the AGM follows consultation with certain of the Company's shareholders relating to potential amendments to current Board roles and a possible addition to the Board; the Company expects to conclude these changes by the time of the adjourned AGM and will update the Market once agreed.
Special note concerning the Market Abuse Regulation
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR").
**ENDS**
For further information visit http://mayanenergy.co.uk/ or contact the following:
| Eddie Gonzalez | Mayan Energy Ltd | + 1 469 394 2008 |
| Charlie Wood | Mayan Energy Ltd | +44 7971 444 326 |
| Roland Cornish | Beaumont Cornish Ltd | +44 20 7628 3396 |
| James Biddle | Beaumont Cornish Ltd | +44 20 7628 3396 |
| Nick Bealer | Cornhill Capital Limited | +44 20 7710 9612 |
| Frank Buhagiar | St Brides Partners Limited | +44 20 7236 1177 |
| Gaby Jenner | St Brides Partners Limited | +44 20 7236 1177 |
Notes:
Mayan Energy Limited is an AIM listed (London Stock Exchange) North American based energy Company. The Company is actively pursuing a primary recovery oil strategy focused on re-stimulating wells within mature producing basins with immediate cash flow leveraging commercially available technologies and projects that are shallow, low risk with low levels of capex and infrastructure already in place. It also remains interested in creating shareholder value by strategic investments in similar projects with high cash generative potential and by forming beneficial development partnerships that enable the use of pioneering and leading extraction technologies. The Company is currently primarily focussed on building out production at its Stockdale and Forest Hill oil fields in Texas.