StockMarketWire.com - Mayan Energy said Deloro Energy, in which it has a 17.6% interest, has completed the first $2.5m tranche of its $10m acquisition of a 49% interest in the Asphalt Ridge heavy oil sands project in Utah.

Completion of the first tranche investment entitles Deloro to a 25% economic royalty from Asphalt Ridge, Mayan Energy said.

All building and construction permits associated with the 1,000-barrel oil per day oil extraction process facility at Asphalt Ridge had been granted, it added.


At 9:46am: [LON:MYN] Mayan Energy Limited Ord Npv Di share price was +0.01p at 0.76p



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