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MMEX Resources Corp. (MMEX)

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Last Post: 3/29/2017 6:51:57 PM - Followers: 398 - Board type: Free - Posts Today: 1184



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

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 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

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

Community Inquiries

Travis Lawson
Pierpont Communications
Source: MMEX Resources Corp.

News Stories 
Assorted News outlets thru out Texas all over this.... ;
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... ;

Senator Ted Cruz weighing in last Friday !!! ;

Exxon/Mobil Involvement... ;

Pres. Trump weighing in last week in the Region ;


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Current Price
Bid Ask Day's Range
MMEX News: Amended Quarterly Report (10-q/a) 01:18 PM
MMEX News: Quarterly Report (10-q) 03/28/2017 02:51:25 PM
MMEX News: Halitron, Inc. (OTC Pink: HAON) Signs LOI for $4.5 million Acquisition Target, First Since Non-Toxic Funding 03/20/2017 06:40:00 AM
MMEX News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 03/17/2017 11:17:20 AM
MMEX News: Quarterly Report (10-q) 03/13/2017 12:56:48 PM
News News Alert: Amended Quarterly Report (10-q/a) 03/29/2017 01:18:07 PM
#18873  Sticky Note $MMEX Newest Texas Refineries Plan to Turn Shale $Pistol Pete$ 03/28/17 10:43:43 PM
#18587  Sticky Note HUGE BLOOMBERG NEWS JUST OUT Carjockey2 03/28/17 06:59:50 PM
#11550  Sticky Note PROOF THAT THE 7 BILLION SHARES WILL NOT alabama96 03/14/17 10:38:18 AM
#10702  Sticky Note MMEX .583 Valuation & $30 Million NOL Tax Shelter stervc 03/13/17 03:42:44 PM
#8887  Sticky Note MMEX valuations.. Incoming merger values the assets alone with HokieHead 03/11/17 11:15:41 PM
#20095   Short "volume"s meaningless intra-day MM order processing numbers. Homebrew 03/29/17 06:55:24 PM
#20094   Nice I wish I were holding that many 86IROCZ 03/29/17 06:55:12 PM
#20093   This will go to .05 in the coming Paul Wall 03/29/17 06:53:52 PM
#20092   Today's news is huge and also means that 86IROCZ 03/29/17 06:52:55 PM
#20091   Another reverse merger stinky-pinky fantasy. Homebrew 03/29/17 06:51:57 PM
#20090   I'll take profits when my profits are over $1,000,000 86IROCZ 03/29/17 06:49:57 PM
#20089   Short volume for past couple of days jr525 03/29/17 06:43:46 PM
#20088   Oh I will after the refinery is built redskinpride 03/29/17 06:41:09 PM
#20087   Question for your calculations for potential share badshah 03/29/17 06:40:18 PM
#20085   picked up 140000 this morning @.0068 now at driver103 03/29/17 06:30:12 PM
#20084   Lol GregLechuga 03/29/17 06:28:07 PM
#20083   Take profit from this POS !!! That's all Pstats 03/29/17 06:26:23 PM
#20082   .01+ COMING TOMORROW $$$MMEX$$$ prostock30 03/29/17 06:25:17 PM
#20080   So if we get $350M in assets from JPL1868 03/29/17 06:17:28 PM
#20079   Those things don't matter. Neophius 03/29/17 06:17:06 PM
#20078   You are correct MMEX will not build it Hazerk 03/29/17 06:16:49 PM
#20077   "Balony" watch it get completed!! airman1 03/29/17 06:16:29 PM
#20076   Refinery will be built imho .... mark it redskinpride 03/29/17 06:16:06 PM
#20075   You have to love these OTCM scams - I-Glow 03/29/17 06:14:54 PM
#20074 KP engineering Rama fabrication htt Hazerk 03/29/17 06:13:34 PM
#20073   MMEX Security Details Tonyeight 03/29/17 06:12:42 PM
#20072   Jois rogerman 03/29/17 06:11:47 PM
#20071   If they go over $5-10 I will scream SPRFanOf5H 03/29/17 06:09:48 PM
#20070   What's the current OS? Or are you JPL1868 03/29/17 06:08:57 PM
#20069   .02? Seriously. Who cares how high it is xfrozenx 03/29/17 06:08:39 PM
#20068   If their are ant noobs...Below are some tid bears3434 03/29/17 06:08:33 PM
#20067   That's correct Ben, the SS has way to kingmack 03/29/17 06:05:09 PM
#20066   Why can't Hanks just offer one billion restricted Tntr70 03/29/17 06:04:20 PM
#20065   I don't think so been in 3 weeks xfrozenx 03/29/17 06:00:55 PM
#20064   Not worried about it many stocks got really xfrozenx 03/29/17 05:55:08 PM
#20063   wait for a dip to at least under ben1856 03/29/17 05:54:53 PM
#20062   i'd say the max this will go is ben1856 03/29/17 05:53:30 PM
#20061   I'm gonna sell my other stock before I Wli111083 03/29/17 05:53:26 PM
#20060   Still feel like .05-.15 is an easy play xfrozenx 03/29/17 05:52:38 PM
#20059   That's big news 105pm today wow I think xfrozenx 03/29/17 05:51:55 PM
#20058   totally agree with you anyways the ss is ben1856 03/29/17 05:51:44 PM
#20057   Throw me a few =p RWpinksheet 03/29/17 05:51:19 PM
#20056   I am shooting for 500k so .25 is xfrozenx 03/29/17 05:50:14 PM
#20055   Fk maybe this year haha RWpinksheet 03/29/17 05:49:46 PM
#20054   My life will change with this by summer xfrozenx 03/29/17 05:49:42 PM
#20053   I'll be averaging up tomorrow for sure. Looking Thrustwasher 03/29/17 05:49:32 PM
#20052   Looks like you might be a millionaire with RWpinksheet 03/29/17 05:49:19 PM
#20051   Ya .50 and I am a millionaire!!!! xfrozenx 03/29/17 05:48:09 PM
#20050   Look at their share prices.... even half of RWpinksheet 03/29/17 05:46:42 PM
#20049   First NWA* then VGI* now MMEX, what a RWpinksheet 03/29/17 05:45:17 PM
#20048   Dream 0.0065? You be lucky if get in at noorzack 03/29/17 05:45:01 PM
#20047   Need to add MMEX to that list !!! bears3434 03/29/17 05:41:32 PM
#20046   honestly i agree moola26 03/29/17 05:39:25 PM
#20045   I agree especially with the update today ha! xfrozenx 03/29/17 05:37:07 PM
#20044   You dog !!! Congrag my man wish you bears3434 03/29/17 05:35:41 PM