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MMEX Resources Corp. (MMEX)

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MMEX RESOURCES CORPORATION ("MMEX")

http://www.mmexresources.com/




 


Outstanding Shares 924,423,522 a/o Feb 24, 2017


https://www.otcmarkets.com/stock/MMEX/profile


400M Shares restricted held by insiders... IN LATEST Q +
 
 



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.



Our Experience








 

 

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
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http://www.mrt.com/business/oil/article/Austin-firm-announces-plans-for-Pecos-County-10984008.php
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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
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http://www.expressnews.com/business/eagle-ford-energy/article/Austin-company-tries-to-raise-450-M-to-build-new-10986970.php
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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
 
 
 
 

 

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MMEX News: Current Report Filing (8-k) 04/27/2017 06:12:07 AM
MMEX News: These Energy Companies May Have Significant Potential and Initiating Coverage on a Mobile Tech Company 04/20/2017 09:00:00 AM
MMEX News: Current Report Filing (8-k) 04/17/2017 10:19:37 AM
MMEX News: Current Report Filing (8-k) 04/03/2017 01:23:43 PM
MMEX News: Amended Quarterly Report (10-q/a) 03/29/2017 01:18:07 PM
PostSubject
#45013  Sticky Note MMEX Resources Announces Strategic Relationship with Trinity Consultants whizent1 04/19/17 02:42:21 PM
#36997  Sticky Note Final Warning - Please Read: IH Admin [Shelly] 04/10/17 10:44:00 AM
#36622  Sticky Note MMEX Resources Partners with KP Engineering to Design, foxtrader 04/09/17 08:43:05 PM
#18587  Sticky Note HUGE BLOOMBERG NEWS JUST OUT Carjockey2 03/28/17 06:59:50 PM
#10702  Sticky Note MMEX .583 Valuation & $30 Million NOL Tax Shelter stervc 03/13/17 03:42:44 PM
#50159   Dilute these nuts in your mouth. ;-) Phonz 04/29/17 06:58:03 PM
#50158   Article left out dilution financing. proftstocksny2 04/29/17 06:49:08 PM
#50157   Or we can do it here for them FREE. frugallife 04/29/17 06:29:49 PM
#50156   Wow....$0.10 will be here before you know it. ;-) phonzeythepoet.com Phonz 04/29/17 06:17:57 PM
#50155   It's this kinda write up that has me PositiveInfluencer 04/29/17 06:10:20 PM
#50154   That has been addressed over and over again. tradedawg 04/29/17 05:50:00 PM
#50153   Great read, thanks! wgstocks 04/29/17 05:02:15 PM
#50152   Great read, thanks! wgstocks 04/29/17 05:02:14 PM
#50151   Good read! Thanks. Curt D 04/29/17 04:58:23 PM
#50150   Wrong. The fiscal year end is 4/30. The rbtree 04/29/17 03:58:01 PM
#50149   Well I just think it's not ALL about thinMANSrun 04/29/17 03:22:37 PM
#50148   Great write up! Sage7243 04/29/17 03:02:11 PM
#50147   Looks like need to really ramp up education Sage7243 04/29/17 02:47:48 PM
#50146   https://www.washingtonpost.com/news/energy-environment/wp/2017/04/28/epa-website Sage7243 04/29/17 02:44:33 PM
#50145   Nothing wrong with that. Some of us CEOs 04/29/17 02:35:26 PM
#50144   Agreed. Just got all excited for a sec. ?? thinMANSrun 04/29/17 02:32:00 PM
#50143   Put it this way, it WILL happen. CEOs 04/29/17 02:16:40 PM
#50142   There ya go Dig TY Yo-Yo 04/29/17 02:14:23 PM
#50141   You're right. MHerrmann, look at the dates those thinMANSrun 04/29/17 02:03:28 PM
#50140   May filings... FuzzyCat 04/29/17 01:58:11 PM
#50139   It won't be Monday. Completely unrealistic to CEOs 04/29/17 01:54:23 PM
#50138   I'm going w MHerrmann. Their reports have been thinMANSrun 04/29/17 01:53:29 PM
#50137   Nice. Been there a zillion times recently and thinMANSrun 04/29/17 01:52:26 PM
#50136   Also it's important to note any article written thinMANSrun 04/29/17 01:45:29 PM
#50135   BUY AN ENVOY or something cheaper and two BBANBOB 04/29/17 01:44:05 PM
#50134   Nice. Hadn't seen that yet. Thanks for sharing. thinMANSrun 04/29/17 01:41:24 PM
#50133   It won't happen tomorrow. They have 90 CEOs 04/29/17 01:18:50 PM
#50132   Yep trying to decide what color Lambo I ronaldpa2 04/29/17 01:07:26 PM
#50130   Wrong, they have 90 days to file from CEOs 04/29/17 12:54:30 PM
#50129   Please. Just go to the Mmex website under Mherrmann1988 04/29/17 12:18:10 PM
#50128   After reading that article it's pretty sad that bears3434 04/29/17 12:17:38 PM
#50127   Dang!! Great article!! Thank you for that. foxbat426 04/29/17 12:02:18 PM
#50126   """Disclosure: No one at Street Register has been BBANBOB 04/29/17 11:56:06 AM
#50125   Nice find Digg!!! bears3434 04/29/17 11:55:29 AM
#50124   Thanks for the post.. MMEX definitely moving john_djr 04/29/17 11:50:49 AM
#50123   Yes same to you CJ, Is it Monday bears3434 04/29/17 11:44:08 AM
#50122   Nice... Hope everyone's having a great weekend. MMEX Carjockey2 04/29/17 11:31:00 AM
#50121   Nice Write-up by streetregister.com 4/28/17 Diggnun21 04/29/17 11:22:18 AM
#50119   Not trying to compare apples to oranges but EBW31 04/29/17 10:38:50 AM
#50115   Well we already know what Hanks thought his samsamsamiam 04/29/17 10:19:50 AM
#50114   The amount of equity to be givin is tendayer 04/29/17 10:12:29 AM
#50113   $145k - yeah a drop in the bucket samsamsamiam 04/29/17 10:09:47 AM
#50112   Except they have millions of dollars of shares tendayer 04/29/17 09:51:14 AM
#50111   The vast history of otc stocks says otherwise. It's Neophius 04/29/17 09:49:54 AM
#50110   Except they don't have enough shares to tank tendayer 04/29/17 09:48:10 AM
#50108   Wrong. As the price tanks, more shares Neophius 04/29/17 09:46:48 AM
#50107   PPS seems to move very easy. To me jb55 04/29/17 09:42:28 AM
#50106   If there is a r/s, it will be mikar 04/29/17 09:42:05 AM
#50105   Yea..Good point...I understand LesLV...As we all know theres Ocean challenger 04/29/17 09:03:23 AM
#50104   No RS.. Stop the bs john_djr 04/29/17 08:46:47 AM
PostSubject