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MMEX Resources Corp. (MMEX)

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Last Post: 7/23/2017 8:39:48 PM - Followers: 711 - Board type: Free - Posts Today: 15



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
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http://www.fortstocktonpioneer.com/news/article_c095e8d2-0442-11e7-b6f9-ef65c47e9598.html
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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
 
 
 
 MMEX Surviving on Toxic Debt Financing

Numerous Toxic Convertible Debt Deals , No Legit Financing Yet.

 

MMEX
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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
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
PostSubject
#63232  Sticky Note $$$ MMEX Progress Report $$$ PTL 07/11/17 09:52:10 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
#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
#63855   When's the next toxic financing?? Only accomplishment so far. Homebrew 07/23/17 08:39:48 PM
#63854   I do hope we hear something here soon...as Carjockey2 07/23/17 08:33:25 PM
#63853   Can you explain what switching fields .....means does Carjockey2 07/23/17 08:30:37 PM
#63852   Glad to see you still here CJ , bears3434 07/23/17 08:28:22 PM
#63850   Exposing SCAMS like MMEX are to easy. crowin 07/23/17 08:20:43 PM
#63847   They are not pumping, that's for sure. CEOs 07/23/17 07:52:05 PM
#63846   MMEX will never evber build a Refinery here crowin 07/23/17 07:46:51 PM
#63845   Well, I suppose we have approximately up to mikoli007 07/23/17 06:24:07 PM
#63844   I agree with you that hp435 07/23/17 03:03:04 PM
#63843   I have millions, I just stopped watching cuz TooYoungToDie 07/23/17 12:06:34 PM
#63842   I guess you don't read the boards much. skellington93 07/23/17 09:36:16 AM
#63841   no Big Stainer 07/23/17 08:11:51 AM
#63840   Any catalyst anytime soon? TooYoungToDie 07/22/17 07:48:04 PM
#63839   "sometimes I wonder if CEOs get so focused PTL 07/22/17 03:25:35 PM
#63838   Not that I agree with the way the mikoli007 07/22/17 12:52:19 PM
#63837   If you know the name of the entity I-Glow 07/22/17 12:17:51 PM
#63836   The S-1 was filed on 06/26/2017 - the I-Glow 07/22/17 12:10:43 PM
#63835   Instead of reading the company stated milestones - I-Glow 07/22/17 11:26:41 AM
#63834   Yes, thank you...I am sure you went to MMETEX 07/22/17 11:00:50 AM
#63833   You're very welcome PTL 07/22/17 09:24:30 AM
#63832   My pleasure... PTL 07/22/17 09:23:59 AM
#63831   Great info, thanks for your time. Appreciated. eom dukelasilvertbird 07/22/17 09:10:07 AM
#63829   Thank you very much !!!' bears3434 07/22/17 06:23:14 AM
#63828   That's. Good info. Mmex. elks 07/21/17 11:33:29 PM
#63826   Appreciate the info, we are getting so close boomer 07/21/17 11:13:03 PM
#63825   Soon there will be no straws to grab. elks 07/21/17 09:57:22 PM
#63823   The imaginary refinery's had an "out" planned all Homebrew 07/21/17 09:14:52 PM
#63822   If this was a true POS we wouldn't TriggerHappySal 07/21/17 08:49:55 PM
#63820   Not getting shares at 0.0050.. Macaveli 07/21/17 07:35:49 PM
#63819   MMEX will build an oil refinery....Wrong... Wrong and wrong crowin 07/21/17 07:21:24 PM
#63818   Sure...no progress - that's why key players who Supernova12 07/21/17 07:03:35 PM
#63817   Thanks. I suppose if one were to CEOs 07/21/17 05:50:37 PM
#63816   I was in here from .0043- a little Ksweets101 07/21/17 05:37:47 PM
#63815   "is there a chance we could know so PTL 07/21/17 05:32:58 PM
#63814   I really enjoyed the part that Hanks is I-Glow 07/21/17 05:30:42 PM
#63813   Ok, is there a chance we could know CEOs 07/21/17 05:14:30 PM
#63812   Yes sir...I do. PTL 07/21/17 05:09:22 PM
#63811   Perhaps you can answer this, would you know CEOs 07/21/17 05:06:15 PM
#63810   Wrong... Wrong and wrong Imo Carjockey2 07/21/17 04:56:01 PM
#63809   THX for sharing... BigOtto 07/21/17 04:55:20 PM
#63808   With Trump in power ,this will happen buy wamuvoodoo 07/21/17 04:26:03 PM
#63807   So after many, many emails to many people, PTL 07/21/17 04:24:18 PM
#63806   agree to disagree. Hoya Saxa 07/21/17 03:05:03 PM
#63804   Nice ask slap boomer 07/21/17 02:26:34 PM
#63803   According to MMEX President and CEO Jack W. crowin 07/21/17 02:20:22 PM
#63802   It looks like a few things are due CEOs 07/21/17 02:18:34 PM
#63800   Coming Soon at 2:00 PM Friday, A course Supernova12 07/21/17 01:58:29 PM
#63799   local politicians all on board this project BDC123 07/21/17 01:46:42 PM
#63798   New Source Review (NSR) requires stationary sources of crowin 07/21/17 01:43:15 PM
#63797   they will refine the oil BDC123 07/21/17 01:41:19 PM
PostSubject