30 Jan 2019 07:00
Mayan Energy Ltd / Index: AIM / Epic: MYN/ ISIN: VGG6622A1057 / Sector: Oil and Gas
30 January 2019
Mayan Energy Ltd ('Mayan' or 'the Company')
Updated Corporate Presentation
Mayan Energy Ltd (AIM: MYN), the AIM listed oil and gas company, is pleased to announce that an updated version of its corporate presentation is now available on the Company's website at http://mayanenergy.co.uk/media/presentations/.
**ENDS**
For further information visit www.mayanenergy.co.uk or contact the following:
Charlie Wood | Mayan Energy Ltd | +44 20 7236 1177 |
Roland Cornish | Beaumont Cornish Ltd | +44 20 7628 3396 |
James Biddle | Beaumont Cornish Ltd | +44 20 7628 3396 |
Frank Buhagiar | St Brides Partners Limited | +44 20 7236 1177 |
Gaby Jenner | St Brides Partners Limited | +44 20 7236 1177 |
Colin Rowbury | Novum Securities Limited | +44 20 7399 9400 |
Notes:
Mayan Energy Limited is an AIM listed (London Stock Exchange) North American based energy company. It 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's existing well portfolio and status on each is as follows:
Well | Asset | W.I. | NRI | Status |
Austin Field | ||||
Morris #1 | Austin (formally Stockdale) | 100% | 75% | Shut in |
Montsanko #1 | Austin (formally Stockdale) | 100% | 75% | Shut in |
Montgomery, E F. SWD | Austin (formally Stockdale) | 100% | 75% | Shut in |
Edwards Unit | Austin | 100% |
| Shut in |
Neubauer Stanush | Austin | 100% |
| Shut in |
Kosub | Austin | 100% |
| Shut in |
Ritchie Talley Unit | Austin | 100% |
| Shut in |
Garrison | Austin | 100% |
| Shut in |
Zink Ranch† |
|
|
|
|
Osage 7 | Zink Ranch | 100%* |
| Operating |
Osage 4 | Zink Ranch | 100%* |
| Operating |
Bledsoe | Zink Ranch | 100%* |
| Operating |
Osage B | Zink Ranch | 100%* |
| Operating |
Osage 1 | Zink Ranch | 100%* |
| Operating |
Osage 4 | Zink Ranch | 100%* |
| Operating |
Osage 1 | Zink Ranch | 100%* |
| Operating |
Osage 2 | Zink Ranch | 100%* |
| Operating |
Osage 3 | Zink Ranch | 100%* |
| Operating |
Osage 2 | Zink Ranch | 100%* |
| Operating |
Osage 4 | Zink Ranch | 100%* |
| Operating |
Osage 5 | Zink Ranch | 100%* |
| Operating |
Osage 5 | Zink Ranch | 100%* |
| Operating |
Osage 7 | Zink Ranch | 100%* |
| Operating |
Thompson | Zink Ranch | 100%* |
| Operating |
Osage B-1 | Zink Ranch | 100%* |
| Operating |
Osage 7 | Zink Ranch | 100%* |
| Operating |
Osage B-8 | Zink Ranch | 100%* |
| Operating |
|
|
|
|
|
† Well numbers repeat through Sections 26,27,28,33,34
*Subject to BIA process the transfer 100% interest across to Mayan Energy subsidiary(currently 85% held on behalf of Mayan with balance 15% held by Glenn Supply).