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MMEX Resources Corp. (MMEX)

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Last Post: 10/22/2017 9:46:15 AM - Followers: 707 - Board type: Free - Posts Today: 16



MMEX RESOURCES CORPORATION ("MMEX")

http://www.mmexresources.com/

August 30, 2017

                                                                                                                            MMEX Resources Corp. Secures Permit Approval
                                                                                                                            for 10,000 Barrel-Per-Day Pecos County

MMEX: http://www.mmexresources.com/news.php 

04 August 2017 
TxDOT Receives U.S. DOT Grant for Rail Bridge Construction 
Texas Department of Transportation 
http://www.txdot.gov/content/txdot/en/inside-txdot/media-center/statewide-news/013-2017.html 

01 August 2017 
MMEX files permit application for first phase of proposed refinery 
San Antonio Business Journal 
https://www.bizjournals.com/sanantonio/news/2017/08/01/mmex-files-permit-application-for-first-phase-of.html 

31 July 2017 
MMEX Resources Corp. purchases 100+ acres for Pecos County project 
KOSA-CBS 
http://www.cbs7.com/content/news/MMEX-Resources-Corp-purchases-100-acres-for-Pecos-County-project-437675433.html 

31 July 2017 
MMEX closes on acreage for new Texas refinery, first in decades 
Midland Reporter Telegram 
http://www.mrt.com/business/energy/article/MMEX-close-on-acreage-for-new-Texas-refinery-11720166.php 

31 July 2017 
MMEX closes on acreage for new Texas refinery, first in decades 
Houston Chronicle 
http://www.houstonchronicle.com/business/energy/article/MMEX-close-on-acreage-for-new-Texas-refinery-11720166.php 

31 July 2017 
MMEX Resources Corp. purchases 100+ acres for Pecos County project 
San Antonio Express-News 
http://www.cbs7.com/content/news/MMEX-Resources-Corp-purchases-100-acres-for-Pecos-County-project-437675433.html 

31 July 2017 
MMEX Resources Corp. Announces Land Acquisition for Pecos County Refinery Project 
http://www.mmexresources.com/pdf/MMEX_Announces_Land_Acquisition.pdf 

26 June 2017 
MMEX Resources Corp. Announces Strategic Relationship with VFuels on Construction of 10,000 Barrel-Per-Day Crude Distillation Unit in Permian Basin 
http://www.mmexresources.com/pdf/170626_MMEX_VFuels_Press_Release_Final.pdf 

19 June 2017 
MMEX Resources Corp. Secures Equity Agreement for Pecos Refinery 
Midland Reporter-Telegram 
http://www.mrt.com/business/oil/article/MMEX-Resources-Corp-secures-equity-agreement-for-11226176.php 

14 June 2017 
MMEX Resources to Build Crude Distillation Unit (Quotes Jack Hanks) 
Hydrocarbon Engineering 
https://www.hydrocarbonengineering.com/refining/14062017/mmex-resources-to-build-crude-distillation-unit/ 

13 June 2017 
MMEX Resources Corp. Reaches Agreement as part of Plan for $450 Million Refinery (Quotes Jack Hanks) 
KOSA-CBS. 
http://www.cbs7.com/content/news/MMEX-Resources-Corp-reaches-agreement-as-part-of-plan-for-450-million-refinery-428294033.html 

13 June 2017 
MMEX CEO Jack Hanks presents at Southwest Energy Summit in Roscoe, Texas 
http://www.mmexresources.com/pdf/MMEX_Southwest_EnergySummitPresentation.pdf 

13 June 2017 
MMEX Resources Corp. Secures $3M Equity Agreement, Announces Plans to Start Large-Scale Permian Basin Refinery with 10,000 Barrel-Per-Day Initial Unit 
http://www.mmexresources.com/pdf/MMEX_3M_Funding_10000_BPD_News_Release.pdf 

08 Jun 2017 
MMEX Resources Corporation to present at 9th Annual Southwest Energy Summit 
http://www.mmexresources.com/pdf/MMEX-Presentation-SouthwestEnergySummit-June2017.pdf 

 


Authorized Shares a/o September 21, 2017-3,000,000,000
Outstanding Shares a/o September 21
, 2017 there were 1,464,263,078

https://www.otcmarkets.com/stock/MMEX/profile
400M Shares restricted held by insiders... IN LATEST Q +
Key Balance Sheet Info
 Q1/17 Filing

Notes payable, currently in default

 

$375,000

 

 

 

 

 

Convertible notes payable, currently in default, net of discount of $2,594  at January 31, 2017 

 

$221,089

 

 

 

 

 

Convertible preferred stock, currently in default

 

$137,500  

Total current liabilities

 

2,397,210
     

Total assets

 

$82
     
Between 4/27/17 and 5/24/17, an additional $465,000 in toxic loans were issued      
 
 
 


MMEX Management
 
                     

Jack Hanks

CEO & Director MMEX / CEO Maple Resources Corp / Director Maple Gas Corporation del Peru

Founder and Former Executive Chairman of Maple Energy plc Board

Jack founded Maple Resources Corporation with its principal location in Dallas, Texas in 1986 to invest in O&G related assets in the US. In 1992, Jack sold substantially all of its existing US-based assets and began to pursue energy projects on an international basis, including O&G opportunities and electric power projects in Peru. Jack serves as CEO and Chairman of Maple Resources Corporation, the privately owned company located in Austin and Dallas, Texas USA. He also serves as Director of Maple Gas Corporation del Peru. Jack graduated with a Juris Doctor degree from the University of Texas (1971) and a degree in Petroleum Land Management from the University of Texas( 1968). Jack is a U.S. Citizen, and resides in Austin and Dallas, Texas.


    

Omar Hernandez

MMEX Project Manager

Mr. Hernandez is responsible for project management for Maple. He supervised the design and construction of Maple’s Peru Aguaytia gas & power related facilities including gas gathering, processing, fractionation, NGL pipeline and gas transmission and the 175 megawatt gas turbine power plant. His previous experience includes a Project Manager for Freese and Nichols, a Senior Facilities Engineer for Crosstex Energy and a Senior Engineer for South Cross Energy. Mr. Hernandez graduated with a BSCE degree from New Mexico State University and a Master Degree in Engineering from Texas A&M University.


    

Edgardo Castro Ojeda

Chief Geologist

Former Chief Geologist Maple Energy

Mr. Castro joined Maple Energy in 1992 to head up the oil and gas exploration and development efforts of Maple in Peru. Mr. Castro is a Petroleum geologist with a career in international petroleum. He has five decades of experience, evaluating and drilling gas prospects, in the U.S., Africa, Middle East and Latin America, mainly in Peru. Mr. Castro graduated as a Geologist and Geological engineer from the University of San Agustin in Arequipa Peru and with a master in Geology from the University of Laramie, Wyoming, U.S.A. Mr Castro was the chief geologist for International Petroleum Co. in Talara, Peru, and prior to that was head of the Geology Dept of Perupetro. Edgardo is a Peruvian and U.S. citizen and resides in Houston, Texas.
    

Juan Jose Munar

General Manager and Director Project Development

Currently, Partner Munar & Munar

Mr. Munar has over 17 years of experience working on the energy and oil and gas industry. He started working for Maple in 1995 and resigned on 1998 when he went to work for Honolulu Cofee Company in Hawaii, USA, where he served as a General Manager until 2001, when he returned to Peru and joined Maple again holding various positions. He was appointed Legal Manager for Maple Etanol S.R.l. from 2007 to 2014. Mr. Munar holds a Law Degree from Universidad San Martin (Lima, Peru) and a Master in Business Administration (MBA) from INCAE Business School (Costa Rica) and from Universidad Adolfo Ibañez (Chile). Juan Jose is a Peruvian citizen residing in Lima, Peru.
    

Dennis Gauger

Consultant-Accounting and Finance

Mr. Gauger’s professional experience includes over twenty-five years in executive financial management and consultant positions and experience in three offices of Deloitte & Touche, including nine years as an accounting and auditing partner. Mr. Gauger is experienced in a variety of industries, including mining, high technology, and internet. His specialties include: SEC accounting and reporting, internal accounting controls, compliance, mergers and acquisitions, and general business consulting. Mr. Gauger graduated with honors from Brigham Young University with a degree in accounting. He is a licensed Certified Public Accountant in Utah and Nevada and a member of the American Institute of Certified Public Accountants and Utah Association of Certified Public Accountants.
      

Alexis Hanks

Manager Administration

Miss Hanks joined MMEX Resources in 2016 and is responsible for managing the process of moving new projects forward. Miss Hanks holds an International Business and Economics degree from the University of Denver.




 

MMEX PRESS RELEASE 3-07-17


MMEX Resources Announces Plan to Build $450 Million Refinery in Permian Basin

50,000 barrels per day capacity state-of-the-art facility intends to leverage existing infrastructure, bring economic benefits to Fort Stockton, Texas area
AUSTIN, TEXAS, March 07, 2017 (GLOBE NEWSWIRE) --

MMEX Resources Corp. (OTCPK: MMEX), a global energy company focusing on the acquisition, development and financing of oil, gas, refining and infrastructure projects in Texas and South America, announced today that it plans to build a $450 million, 50,000 barrels per day capacity crude oil refinery in the West Texas Permian Basin, subject to the receipt of required governmental permits and completion of required debt and equity financing.

Located 20 miles northeast of Fort Stockton, Texas, near the Sulfur Junction spur of the Texas Pacifico Railroad, the 250-acre facility intends to utilize its connection to existing railways to export diesel, gasoline, and jet fuels; liquefied petroleum gas; and crude oil to western Mexico and South America. Once completed, the Pecos County refinery will be one of the first oil refineries built in the United States in more than 40 years.

Jack W. Hanks, President & CEO of MMEX Resources Corp., commented: “The Permian Basin is the largest continuous oil discovery in America and has experienced exponential gains in daily production volume recently. The existing facilities and pipeline networks are largely unequipped to handle this growth and are limiting where products can be transported. By building a state-of-the-art refinery along the region’s existing railway infrastructure, we hope to bring a local and export market for crude oil and refined products which will add substantial job and economic growth to West Texas.”

MMEX plans to surround the Pecos County refinery with an additional 250 acres of buffer property and leverage state-of-the-art emissions technologies to yield minimal environmental impact. It also expects to feature closed-in water and air-cooling systems, which will require very little local water resources. Construction is slated to begin in early 2018, following the permitting process, and the facility is projected to begin operations in 2019.

The company anticipates the 18-month construction process will create approximately 400 jobs in the area during peak construction, as well as foster a significant number of indirect jobs and revenue for companies in catering, workforce housing, construction, equipment and other industries. Once operational, the facility is expected to provide an estimated 100 permanent jobs and generate substantial tax revenue for Pecos County.

The MMEX management team has more than 30 years of experience building and managing multi-million dollar gas processing, pipelines, power plants, refinery and oil and gas operations in Peru and the United States. MMEX purchased the rights to the project from Maple Resources Corporation. As with each of its previous projects, the management team will establish local offices and representatives to keep the surrounding communities informed throughout the construction phase and once the refinery is fully operational.

“MMEX Resources is eager to work alongside the Pecos County community to produce a state-of-the-art facility that opens up economic and job opportunities for the region. The safety of our employees, the neighboring community and the environment are our top priorities,” concluded Hanks.

About MMEX Resources Corp.

MMEX Resources Corporation (MMEX) is a development stage company formed to engage in the exploration, extraction, refining and distribution of oil, gas, petroleum products and electric power. MMEX focuses on the acquisition, development and financing of oil, gas, refining and electric power projects in Texas, Peru, and other countries in Latin America.

The following constitutes a "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, which could cause our actual results to differ materially from those described in the forward looking statements. These risks include but are not limited to general business conditions, the requirement to obtain financing to pursue our business plan, our history of operating losses and other risks detailed from time to time in the Company's SEC reports. MMEX undertakes no obligation to update forward-looking statements.

###
Media Inquiries

Danielle Urban
Pierpont Communications
512-448-4950
durban@piercom.com

Community Inquiries

Travis Lawson
Pierpont Communications
713-627-2223
tlawson@piercom.com
Source: MMEX Resources Corp.
 


http://www.bizjournals.com/sanantonio/news/2017/03/07/texas-company-announces-plans-to-build-450-million.html




News Stories
http://www.gosanangelo.com/story/news/local/2017/03/10/austin-firm-build-450m-refinery-near-fort-stockton/99009994/?utm_campaign=%5B%27PVs%27%5D&utm_source=%5B%27social%27%5D&utm_medium=%5B%27Twitter%27%5D 
Assorted News outlets thru out Texas all over this.... 

http://www.yourbasin.com/news/a-refinery-to-be-built-in-pecos-county-could-signify-400-new-jobs/668710048 ;
Fox News broadcast stating Judge Shuster stating 400-450 new HIGH paying jobs and also 

" FAST TRACKING" permits. 

Their were 4-5 NEWS stories broadcast Thur out the region !!! A SCAM ?? Lmfao... 
https://m.youtube.com/watch?v=6IzLWtH_kEA ;

Senator Ted Cruz weighing in last Friday !!! 
https://oilmanmagazine.com/senator-ted-cruzs-endorsement-oil-gas-industry-timely/ ;

Exxon/Mobil Involvement... 
http://www.bicmagazine.com/departments/engineering-construction-subsection/exxonmobil-plans-investments-of-20-billion-to-expand-manufac/ ;



Pres. Trump weighing in last week in the Region 
https://m.facebook.com/story.php?story_fbid=10158755094360725&id=153080620724 ;
JOBS! JOBS! JOBS!!



http://www.kswo.com/story/34701317/fort-stockton-may-see-an-oil-refinery-that-may-bring-500-jobs
----------------------
http://www.mrt.com/business/oil/article/Austin-firm-announces-plans-for-Pecos-County-10984008.php
----------------------
http://www.fortstocktonpioneer.com/news/article_c095e8d2-0442-11e7-b6f9-ef65c47e9598.html
----------------------
http://www.rigzone.com/news/oil_gas/a/148762/Permian_Basin_Refinery_Project_Would_Create_Hundreds_of_Jobs?utm_source=DailyNewsletter&utm_medium=email&utm_term=2017-03-08&utm_content=&utm_campaign=Production_3
----------------------
http://www.expressnews.com/business/eagle-ford-energy/article/Austin-company-tries-to-raise-450-M-to-build-new-10986970.php
----------------------
https://www.bloomberg.com/press-releases/2017-03-07/mmex-resources-announces-plan-to-build-450-million-refinery-in-permian-basin
----------------------
http://www.newswest9.com/story/34692035/mmex-resources-plan-to-build-refinery-in-pecos-county
 
 
 
 MMEX Surviving on Toxic Debt Financing

Numerous Toxic Convertible Debt Deals , No Legit Financing Yet.

 

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MMEX News: Current Report Filing (8-k) 09/18/2017 02:26:46 PM
MMEX News: Quarterly Report (10-q) 09/12/2017 10:28:43 AM
MMEX News: Current Report Filing (8-k) 08/30/2017 04:05:12 PM
MMEX News: Initial Statement of Beneficial Ownership (3) 08/29/2017 12:10:22 PM
PostSubject
#72173  Sticky Note MMEX 16 October 2017-Resources Corp. to Break Ground PTL 10/16/17 11:59:31 AM
#72109  Sticky Note MMEX Resources Corp. to Break Ground on 10,000 dukelasilvertbird 10/16/17 09:28:31 AM
#63031  Sticky Note And here's just a small SUBSET of Jack shajandr 07/08/17 05:23:10 AM
#62205  Sticky Note NEWS PIN POST MMEX Resources Corp. Announces Strategic Stacking goods 06/26/17 09:50:16 AM
#36997  Sticky Note Final Warning - Please Read: IH Admin [Shelly] 04/10/17 10:44:00 AM
#72808   MMEX is a bust from the onset. It crowin 10/22/17 09:46:15 AM
#72807   MMEX is an embarrassment to the Great State crowin 10/22/17 09:38:04 AM
#72805   I have 3.2 million shares ready to go. jonestint 10/22/17 07:42:28 AM
#72804   Right buy a million shares and hold for tastock 10/22/17 07:28:16 AM
#72803   Climbing on the most read board les tastock 10/22/17 07:25:41 AM
#72802   Good time ahead for mmex shareholders imo tastock 10/22/17 07:22:55 AM
#72799   Anyone wanting to become a millionaire buy a TooYoungToDie 10/22/17 01:31:56 AM
#72797   $MMEX 1 month Nice Trend MycoalM 10/22/17 01:12:59 AM
#72795   Which website are you borrowing your information from Carjockey2 10/22/17 12:07:39 AM
#72794   Wow, Who knew that there is a belief that CEOs 10/22/17 12:04:52 AM
#72793   Maybe I am Crazy but I thought the jmjjw 10/22/17 12:00:01 AM
#72792   Maybe I am Crazy but I thought the Carjockey2 10/21/17 11:36:23 PM
#72790   I will add Tuesday to my stash here. elks 10/21/17 11:30:14 PM
#72788   Yeh. Will do. To funny elks 10/21/17 11:27:35 PM
#72786   Can't wait CM!!! My kept messages for MMEX is Carjockey2 10/21/17 11:17:41 PM
#72785   Ground breaking Nov 17th, MMEX going to silver Chartmaster 10/21/17 11:07:25 PM
#72784   I am buying more... Me happy... MMEX Carjockey2 10/21/17 11:05:35 PM
#72783   Elks...can you possibly make some copies of some Carjockey2 10/21/17 11:04:31 PM
#72782   All of your posts make me want to jonestint 10/21/17 11:03:46 PM
#72781   Yupppp...and no know it alls invited to the MMEX..IMO Carjockey2 10/21/17 11:00:57 PM
#72780   getting so close now exciting times coming for elks 10/21/17 10:50:07 PM
#72779   getting so close now exciting times coming for elks 10/21/17 10:50:07 PM
#72778   Hey don't look now but Houston Astro's are Carjockey2 10/21/17 10:41:00 PM
#72776   It's over...they had a great year.. Congrats Houston.. Unbelievable catch Carjockey2 10/21/17 10:36:37 PM
#72775   Clearly that is incorrect. Let me help. Refineries CEOs 10/21/17 10:34:34 PM
#72774   Yanks need some hits. elks 10/21/17 10:33:26 PM
#72773   Hahahaha ronaldpa2 10/21/17 10:33:21 PM
#72772   So why do u care? so much. ronaldpa2 10/21/17 10:32:50 PM
#72771   Only two more posts by left.... :-) Carjockey2 10/21/17 10:31:30 PM
#72770   It is not at all difficult... jmjjw 10/21/17 10:28:36 PM
#72769   Pretty sad how some must feel to be bears3434 10/21/17 10:28:20 PM
#72768   Respectfully, you are missing the point. You said, CEOs 10/21/17 10:26:40 PM
#72767   Circular logic does not support mmex from not CEOs 10/21/17 10:22:06 PM
#72766   Mmex applied to the TCEQ for a permit jmjjw 10/21/17 10:16:24 PM
#72765   Exactly what it is. If I was betting against Macaveli 10/21/17 10:12:20 PM
#72764   Circular logic fails to support MMEX as a jmjjw 10/21/17 10:06:47 PM
#72763   Did you realize it's 10pm EST? Go enjoy life. jonestint 10/21/17 10:05:03 PM
#72762   Actually, that is entirely false. Let me help you CEOs 10/21/17 10:04:56 PM
#72761   Lol... Purrity obvious... I'm going to pick up another 500k Carjockey2 10/21/17 10:00:54 PM
#72759   You are trying to hard my friend. Its ronaldpa2 10/21/17 09:56:11 PM
#72758   Looks like shorty paid someone. ronaldpa2 10/21/17 09:55:02 PM
#72757   Lmao ..flawed MMEX is? Permits in hand does jmjjw 10/21/17 09:52:01 PM
#72756   I see where that logic has a fundamental CEOs 10/21/17 09:46:17 PM
#72755   The information as picked from the S-1 is CEOs 10/21/17 09:41:35 PM
#72753   Lmao ..flawed MMEX is? Permits in hand does bears3434 10/21/17 09:39:16 PM
#72752   Its like the Glow around here was reborn Mherrmann1988 10/21/17 09:36:33 PM
#72751   MMEX is fundamentally flawed... jmjjw 10/21/17 09:29:36 PM
#72750   MMEX is a failed proposal, right out of jmjjw 10/21/17 09:23:50 PM
#72749   Additionally it is obvious that the products distilled CEOs 10/21/17 09:18:13 PM
#72748   Actually, no. The CDU is the first step CEOs 10/21/17 09:05:27 PM
PostSubject