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MMEX Resources Corp. (MMEX)

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Last Post: 6/27/2017 12:58:11 PM - Followers: 733 - Board type: Free - Posts Today: 57



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
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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
MMEX News: Current Report Filing (8-k) 06/07/2017 10:02:36 AM
MMEX News: Current Report Filing (8-k) 05/25/2017 02:26:41 PM
MMEX News: Current Report Filing (8-k) 05/19/2017 01:01:43 PM
PostSubject
#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
#10702  Sticky Note MMEX .583 Valuation & $30 Million NOL Tax Shelter stervc 03/13/17 03:42:44 PM
#62436   Nope, YOU are the one who's wrong. Read shajandr 06/27/17 12:50:41 PM
#62435   I retract my statement, it looks like crown towerclimber92 06/27/17 12:44:47 PM
#62434   This stocks mantra: Good News? I'm going down. Crobs 06/27/17 12:42:54 PM
#62433   No, .0078 was the closing price on the Sleepy2016 06/27/17 12:41:17 PM
#62432   I don't think you know what your talking towerclimber92 06/27/17 12:37:49 PM
#62431   "I'm reading the s-1 this morning, it appears shajandr 06/27/17 12:33:10 PM
#62430   Another thing.. 10th business day would be tomorrow towerclimber92 06/27/17 12:32:58 PM
#62429   IB has loaned out more shares to short Deagle 06/27/17 12:24:54 PM
#62428   If jack comes out with a pr stating towerclimber92 06/27/17 12:21:41 PM
#62427   shit...I was hoping that pps would at least Peter1308 06/27/17 12:13:51 PM
#62426   Patience. Yes, this is incredibly overvalued & I towerclimber92 06/27/17 12:05:47 PM
#62425   You are correct, there was a article out dukelasilvertbird 06/27/17 12:00:44 PM
#62424   Then u better sell an move on ...I bears3434 06/27/17 11:57:07 AM
#62423   I might be wrong but the Major issues bears3434 06/27/17 11:54:23 AM
#62419   sinking like the Titanic. Everyone Jump!!!!! Penny Naive 06/27/17 11:27:52 AM
#62418   Local Politics misterf 06/27/17 11:22:56 AM
#62417   Maybe Hanks is waiting on permit application submittal towerclimber92 06/27/17 11:22:16 AM
#62416   Just think, raven is going for a Geo towerclimber92 06/27/17 11:18:09 AM
#62415   NOT WHEN YOU WORK WITH TRINITY misterf 06/27/17 11:18:05 AM
#62414   Not good. I wonder if the STAR collation towerclimber92 06/27/17 11:10:18 AM
#62413   I believe the 10 days would be Thursday PTL 06/27/17 11:08:20 AM
#62412   I'm reading the s-1 this morning, it appears towerclimber92 06/27/17 10:49:51 AM
#62411   Raven Petroleum - Permit Issues misterf 06/27/17 10:49:11 AM
#62410   Well, if the 10 days for the land mikoli007 06/27/17 10:35:44 AM
#62409   THE RISE OF MMEX BEGINS. VATOLOCO 06/27/17 09:46:17 AM
#62406   I guess not too many Texan's watched the towerclimber92 06/27/17 09:33:13 AM
#62405   Yep...things are looking good here, Hanks keeps adding boomer 06/27/17 09:33:04 AM
#62404   That day is coming very soon.Tend to stay bears3434 06/27/17 09:32:57 AM
#62398   GOOD TO SEE YOU HERE IGLOW. LONG! goosfraba 06/27/17 09:08:26 AM
#62397   WTI moving up BDC123 06/27/17 09:04:04 AM
#62392   Lol, no. I'd be embarrassed to not understand the Neophius 06/27/17 08:36:14 AM
#62391   how did you sell at .058 when the Hoya Saxa 06/27/17 08:23:33 AM
#62390   We getting build point across longs will Benefit Stacking goods 06/27/17 08:16:37 AM
#62387   They have been in a few channels already. Dr Martin VanNostrand 06/27/17 08:02:16 AM
#62386   Yesterday, there was an OTC filing (S1) Deagle 06/27/17 07:24:00 AM
#62385   Bloodbath= land purchase agreement may come tomorrow. Sell Macaveli 06/27/17 06:45:43 AM
#62382   TOTAL BLOODBATH TMRW A.M!! BE WARNED!! MontanaRealtyCompany 06/27/17 12:53:02 AM
#62381   Nothing is certain, but with everything falling in 4T7RQ93 06/27/17 12:08:32 AM
#62380   Lets get that land closed on ahe?????? That fireballka7 06/26/17 11:45:13 PM
#62379   Guys, we have 2 different BIG LEAGUE Companies fireballka7 06/26/17 11:43:30 PM
#62378   You thinking we'll see that again this last Goodtimes79 06/26/17 11:17:26 PM
#62377   There was no toxic selling today. boomer 06/26/17 10:35:25 PM
#62376   Total O/S is 3 billion Toxic Avenger 06/26/17 08:59:34 PM
#62368   They've been unloading for a while and will Toxic Avenger 06/26/17 08:48:31 PM
#62367   LOL, it was toxics dumping on retail. Toxic Avenger 06/26/17 08:47:20 PM
#62366   Today's news was a wake up call. Anyone 4T7RQ93 06/26/17 08:22:34 PM
#62365   False, the sellers today were the day traders 4T7RQ93 06/26/17 08:18:30 PM
#62363   Whats the headline?? MMEX builds refinery on land Big Stainer 06/26/17 08:05:16 PM
#62361   Very very simple dd here. The elks 06/26/17 08:03:26 PM
#62360   Very soon the bears will start to disappear Mmex elks 06/26/17 08:02:14 PM
PostSubject