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MMEX Resources Corp. (MMEX)

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Last Post: 8/19/2017 12:00:13 PM - Followers: 708 - Board type: Free - Posts Today: 20



MMEX RESOURCES CORPORATION ("MMEX")

http://www.mmexresources.com/




 


Outstanding Shares March 28, 2017 there were 2,479,282,834
Up from 924,423,522 a/o Feb 24, 2017
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.



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
----------------------
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.

 

MMEX
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MMEX News: Securities Registration Statement (s-1/a) 08/11/2017 04:45:47 PM
MMEX News: Annual Report (10-k) 07/28/2017 04:21:27 PM
MMEX News: Current Report Filing (8-k) 07/10/2017 02:49:31 PM
MMEX News: Securities Registration Statement (s-1) 06/26/2017 06:04:20 AM
MMEX News: Current Report Filing (8-k) 06/13/2017 03:39:58 PM
PostSubject
#65465  Sticky Note MMEX: http://www.mmexresources.com/news.php PTL 08/07/17 01:36:44 PM
#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
#62140  Sticky Note 800 million more shares being registered so they Toxic Avenger 06/26/17 06:37:09 AM
#55771  Sticky Note Mmex and jack presenting at this conference http://nebula.wsimg.com/8a2e48dab123e9436455e7e43975dd8e tendayer 05/20/17 05:41:38 PM
#36997  Sticky Note Final Warning - Please Read: IH Admin [Shelly] 04/10/17 10:44:00 AM
#66364   YES IT IS !!!! edwardscott52 08/19/17 12:00:13 PM
#66363   I've tried as well to no avail, maybe mikoli007 08/19/17 11:35:10 AM
#66362   Notice I-Glow disappears and Neo shows up... hmmm Hoya Saxa 08/19/17 11:27:14 AM
#66361   Lol :) boomer 08/19/17 11:25:40 AM
#66360   I'll leave that up to you because I CEOs 08/19/17 11:19:01 AM
#66359   Absolutely. But could you point out all the mikoli007 08/19/17 11:09:36 AM
#66358   Have you ever opened A New Business ? bears3434 08/19/17 10:42:17 AM
#66357   That is exactly what they're doing inventor1 08/19/17 10:39:34 AM
#66356   I agree. These guys start with the BS Macaveli 08/19/17 10:24:53 AM
#66355   When comments appear about 'where are they going CEOs 08/19/17 10:20:06 AM
#66353   Still haven't explained where this funding will come Neophius 08/19/17 10:13:48 AM
#66352   We are all here to share information so..... mikoli007 08/19/17 09:02:44 AM
#66351   Exactly why I won't give a $$$ bears3434 08/19/17 09:02:33 AM
#66350   Going to donate some blood , to buy bears3434 08/19/17 09:01:34 AM
#66349   Just another reason not to subscribe to Ihub, mikoli007 08/19/17 08:56:12 AM
#66348   I need to buy more shares :) boomer 08/19/17 08:44:51 AM
#66347   Nice to wake up and read your post. jb55 08/19/17 08:14:46 AM
#66346   Hasn't it been nice? i've missed his insulting Bgmoney10 08/19/17 07:36:21 AM
#66345   Lol.. we ain't seen Neo in a while. Macaveli 08/19/17 06:15:33 AM
#66344   Listen to this ! ENERGY2016 08/18/17 11:36:08 PM
#66342   At the approvel of permit. he tastock 08/18/17 10:22:26 PM
#66340   Lol, more bloated discussion of the "big picture". Guess Neophius 08/18/17 09:43:59 PM
#66339   It takes a while for some people to bears3434 08/18/17 09:34:23 PM
#66338   Actually, no serious investor has figured out how I-Glow 08/18/17 08:00:11 PM
#66337   Finally!! You figured it out.. $MMEX Strong.. Macaveli 08/18/17 07:36:46 PM
#66336   "I fully expect .75 to $ 1.15 before PTL 08/18/17 06:43:52 PM
#66335   Yep. CEOs 08/18/17 05:52:35 PM
#66334   Once this baby is built. More can be ronaldpa2 08/18/17 05:46:25 PM
#66333   YES !!!!!! edwardscott52 08/18/17 05:32:54 PM
#66332   Hanks couldn't borrow $145,000 from a conventional lender I-Glow 08/18/17 05:28:47 PM
#66331   I fully expect .75 to $ 1.15 before edwardscott52 08/18/17 05:28:19 PM
#66330   Hanks still hasn't filed a 8-K about the I-Glow 08/18/17 05:26:39 PM
#66329   $MMEX Well put! Grabbed plenty more myself :) #excitingtimesareintexas stayinin 08/18/17 05:19:52 PM
#66328   Fantastic week see you guys on Monday!!!!! Did the Carjockey2 08/18/17 05:17:24 PM
#66327   If permits are due in September it's going Goodtimes79 08/18/17 05:07:13 PM
#66326   Great week, looking forward to next... enjoy the weekend! Hoya Saxa 08/18/17 05:04:37 PM
#66325   Glad to hear it CJ!!! bears3434 08/18/17 04:50:19 PM
#66324   Fantastic close everybody I'm back to trading and Carjockey2 08/18/17 04:48:21 PM
#66323   "Let's be honest here, are we really going PTL 08/18/17 04:46:44 PM
#66322   No, I spoke with Jack face to face Hoya Saxa 08/18/17 04:43:50 PM
#66321   I invite you to read the S1. CEOs 08/18/17 04:40:00 PM
#66320   Let's be honest here, are we really going CormoBison 08/18/17 04:33:08 PM
#66319   A REFINERY IS BEING BUILT IN WESTERN TEXAS bears3434 08/18/17 04:16:29 PM
#66318   time is closer and closer Tonyeight 08/18/17 04:05:29 PM
#66317   HOD close!! Gotta love it!! cnote420 08/18/17 04:04:51 PM
#66316   I think someone paid for a heads up skyzone08831 08/18/17 04:03:45 PM
#66315   Ugh. No. Quit making things up. jonestint 08/18/17 03:59:29 PM
#66314   I see you ;) DarkPool 08/18/17 03:52:54 PM
#66313   smack smack dark pool its coming elks 08/18/17 03:38:30 PM
#66312   Permits could be 25-30 days away. Patience CEOs 08/18/17 03:30:27 PM
PostSubject