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Posts Categorized: Mayan Energy
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Mayan Energy – Simple SOTP illustrates current opportunity
That we have been cheerleaders of Mayan Energy from early September last year when the stock price resided at 0.28p is not in question. Indeed, we were participators in the placing last August at 0.3p. It has been quite a ride for holders over the ensuing 12 months with the shares scraping the 1p level […]
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Mayan Energy management call update
We held an exhaustive conference call with Chairman Charlie Wood and CEO Eddie Gonzalez yesterday afternoon in relation to the production slippage at Mayan Energy in contrast to expectations at the beginning of the year and, most importantly, to address the company’s plans going forward. First things first, management accepted that they are not where […]
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Mayan Energy update 27 Jun 18
By Dr Michael Green Following the placing of £850,000 (gross) at Mayan Energy on Monday this week (in which we participated), it looks as though investors are about to see an acceleration of the progress in the new Mayan Energy story. After 18 months of sorting out the mess that was Mayan, Managing Director Eddie […]
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Mayan Energy – gas monetisation update 5 Jun 18
By Dr Michael Green The latest development update from Mayan Energy brought encouraging news from the Stockdale Field Discovery in Texas (60% working interest and 45% net revenue interest) concerning monetising the recent gas discovery at the Morris #1 well. Just to recap, in late April 2018, investors learnt that Mayan had identified 20′ of […]
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Mayan Energy – overhang of stock looks to be cleared
We are not alone it seems in scratching our heads in recent months as to why the stock price of Mayan Energy has not been responding to the underlying operational progress and rising oil price. Under the stewardship of CEO Eddie Gonzales the company has been transformed into a cash flow positive minnow with a […]