Mayan's success at Shoats Creek underpins its strategy to make this asset the core focus of its US onshore programme. Following the crash in oil prices, the Company rapidly reacted to the challenges this presented and decided to undertake the development of its strongest assets while divesting those that did not meet its capital investment criteria. The first new drill at the project has been completed and payback is forecast within 12 months at $40 per barrel which has prompted plans for further development.

Shoats Creek