Mayan Energy Limited Mayan CEO Appointed to Advisory Board of Petroteq (0318S)
June 20 2018 - 9:19AM
UK Regulatory
TIDMMYN
RNS Number : 0318S
Mayan Energy Limited
20 June 2018
Mayan Energy Ltd / Index: AIM / Epic: MYN/ ISIN: VGG6622A1057 /
Sector: Oil and Gas
20 June 2018
Mayan Energy Ltd ("Mayan" or "the Company")
Eddie Gonzalez, CEO of Mayan, Appointed to the Advisory Board of
Petroteq
Mayan (AIM: MYN), the AIM listed oil and gas company, is pleased
to announce that Chief Executive Officer Heriberto "Eddie" Gonzalez
has been appointed to the Advisory board of TSX listed Petroteq
Energy Inc. ("Petroteq"). Petroteq is currently focused on the
development and expansion of its Asphalt Ridge heavy oil extraction
facility, Utah. Mayan has exposure to the Asphalt Ridge project
through its 17.3% interest in Deloro Energy.
In his role, Mr Gonzalez will provide guidance to the management
team of Petroteq regarding strategy, dealing with the growing
global interest in the Asphalt Ridge project, operational
activities and the identification of new opportunities.
Eddie Gonzalez, CEO of Mayan, said, "I am honoured to have been
asked to join Petroteq's advisory board and look forward to being
able to assist its management team on the development of Petroteq's
strategy as well as helping to facilitate some of its external
relationships with local operators, the public and government. Via
its investment in Deloro Energy, Mayan is fortunate to have
exposure to the 93.4 million barrels Asphalt Ridge project which
recently commenced production. With production set to reach its
initial target of 1,000 barrels of oil per day in the near term, I
look forward to working closely with the Petroteq team in my new
position, while at the same time continuing in my role as Mayan's
CEO."
**ENDS**
For further information visit www.Mayan energy.com 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
About Petroteq Energy Inc.
Petroteq is a fully integrated oil and gas company focused on
the development and implementation of a new proprietary technology
for oil extraction. The Company has an environmentally safe and
sustainable technology for the extraction of heavy oils from oil
sands, oil shale deposits and shallow oil deposits. Petroteq is
engaged in the development and implementation of its patented
environmentally friendly heavy oil processing and extraction
technologies. Our proprietary process produces zero greenhouse gas,
zero waste and requires no high temperatures. Petroteq is currently
focused on developing its oil sands resources and expanding
production capacity at its Asphalt Ridge heavy oil extraction
facility located near Vernal, Utah. The Company also owns a
minority stake in an exploration and production play located in
southwest Texas held by Accord GR Energy Inc. In addition, the
Company, through its wholly owned subsidiary PetroBLOQ, LLC, is
seeking to develop the first blockchain based platform created
exclusively for the supply chain needs of the oil & gas sector.
For more information, visit www.Petroteq.energy and
PetroBLOQ.com.
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.
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END
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