Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Seems to be little interest in MRGE.
I expect trading activity to remain where it is, even when it becomes pink current.
Need real news, and a real PRF
Starting to feel like OMD and BB
MOU’s
No mystery, concessions are the next step/hurdle. Those need to come from an entity in Mexico, not sure from who exactly, I think Pemex for the storage field. They failed to come through last time thus why the projects fell apart a few years ago.
At least we know Mirage has exclusive rights to all 3 projects that they signed the development agreement on. That was a huge step.
My understanding is they have a solid plan on obtaining the concessions but obviously nothing is guaranteed as we saw what happened the last time.
Great, as expected MRGE will be pink current soon
Yeah I wonder if that is what he is saying, he seems very knowledgeable about the situation
so do you think we'll see PowerUp Lending enter the mix again?
If you read in the filings, it says that all previous convertibles were converted. So in order to issue more, he has to bring this turd current. The bullchit about Mexico is just a prop for the convertible boys to pump
Natural gas could generate 50% savings in fuels for heavy transport
Currently, there are 96 service stations spread over 18 states of the Mexican Republic.
ELAM-FAW stated that the use of natural gas as a fuel for cargo transportation is a mandatory transition.
Yeshua Ordaz
Mexico City /06.16.2023 14:43:00
The use of natural gas as a fuel for heavy cargo transportation is gaining relevance due to environmental and economic factors, since it can mean savings of 50 percent, said the company that produces and distributes these vehicles, ELAM-FAW .
Ernesto del Blanco , general director of ELAM-FAW , said that the use of natural gas as fuel for cargo transportation is a forced transition towards new sources of sustainable energy.
“Different aspects cannot be left aside, especially those that have a direct impact on the environment. The benefits are many, if we side with a micro transport company or fleet company, they are reflected in less engine wear, therefore there are savings in maintenance and the vehicles remain on the road for longer”, he stated.
The manager said that in Mexico there are 96 service stations in 18 states and it is expected that by the end of 2023 this figure can increase by at least 13 percent.
"There are two types of use of natural gas: compressed (CNG) and liquefied (LNG), the main difference lies in the way they are stored and used. LNG is stored in liquid form at very low temperatures, which allows more energy storage in a smaller space. On the other hand, CNG is stored in a gaseous form at high pressure, which requires a larger storage space compared to LNG."
The company said natural gas prices tend to be more stable and less volatile than oil prices , providing greater predictability in fuel costs for heavy trucking fleet operators.
“ The use of gas as a fuel for the transport of heavy cargo has been supported by international organizations due to its environmental benefits, its contribution to energy diversification and its positive economic impact."
The executive added that the reduction of polluting emissions, the improvement of air quality, the security of supply and the development of infrastructure are some of the outstanding aspects, which is why Mexico should bet on this transition in fuels .
https://www.milenio.com/negocios/gas-natural-generar-ahorro-transporte-pesado
In order for old ward to issue more convertibles, they have to be able to sell it. Lol
Exclusive: CFE evaluates investing in strategic gas storage in the United States and Mexico
In an interview with Bloomberg Línea, the CEO of the subsidiaries CFEnergía and CFE Internacional talks about the plans to store natural gas
By Arturo Solis
June 20, 2023 | 04:00 AM
Mexico City — The Federal Electricity Commission (CFE), the Mexican state energy company, is studying options to invest in strategic natural gas storage near the US-Mexico border.
In an interview with Bloomberg Línea, the director of Cenagas spoke about the energy policy on hydrocarbon storage and the supply of gas to the industrial parks of the Interoceanic Corridor
In an exclusive interview with Bloomberg Línea , the CEO of the fuel trading and supply subsidiaries CFEnergía and CFE Internacional, Miguel Reyes Hernández, revealed that the company is studying gas storage options in the border area between the two countries.
“We are evaluating whether it is convenient for us to have storage in the north of the country in the Tamaulipas area or in what would be south Texas,” he said.
The manager said that there are two reasons for implementing strategic gas storage projects: energy security and profitability, since the objective is to reduce the losses left by the administration of former president Enrique Peña Nieto with the "long position" and the excess capacity to transport US natural gas that CFE has through pipelines.
The purpose, Reyes explained, is to take advantage of natural gas storage options when it is cheap and take it out when the price is higher and generate profitability for CFE that "allows it to sustain the price of electricity over time."
Due to the high investments required by strategic storage projects, CFE contemplates the participation of private partners.
"The investment would be mostly private so that we participate as minority partners," said the manager.
Reyes said that the storage plan will be defined in the next six-year term, which will begin in September 2024, but the current CFE administration will leave it open for the next one to execute.
Strategic storage consists of an inventory of gas and/or oil reserves to supply them in the event of an emergency declaration. Mexico is a net importer of natural gas, mostly from the United States through pipelines, and uses it to generate 60% of the electricity the country demands.
The country has an inventory strategy of 45 billion cubic feet, but it is in limbo.
Abraham David Alipi Mena, director of the National Center for Natural Gas Control (Cenagas), said in a previous interview that the institution only works on national natural gas surface storage projects for operational purposes so that the gas pipeline system operates without interruptions.
In September 2022, the Government of President Andrés Manuel López Obrador, through the Secretary of Energy (Sener), resumed the policy of former President Enrique Peña Nieto on natural gas storage to use 10 depleted oil fields to store the hydrocarbon.
With Peña Nieto, Cenagas coordinated the construction of a strategic inventory of at least five days for 45,000 million cubic feet of natural gas in 2026, but the arrival of López Obrador to the presidency left the project unfinished.
https://www.bloomberglinea.com/latinoamerica/mexico/exclusiva-cfe-evalua-invertir-en-almacenamiento-estrategico-de-gas-en-estados-unidos-y-mexico/
Agreed...at least in a much better place than we were just over 2 weeks ago.
Now back to the crapshoot as we wait for news. Maybe some tacos for lunch today?
$MRGE
More of the same chit as the last 20 years.
I sense a shift in conviction from the Mrge faithful. Is the lack of any talk about concessions an issue? Will this weeks adventure south of the border bring shareholders anything more than a dinner bill and a bar tab?
Personally, I would like to hear a little more chatter from Pemex about storage. Mexican government branches seem more concerned with selecting the new presidential candidates than anything else..
Did old Tyrone get the filings right this time?
Is Jack Hanks from MMEX a board member of MRGE? Maybe MRGE could connect its fake pipeline to MMEX fake refinery. Lol. Old Jackie and old Mikey, professional grifters
I see it as progress regardless.
Could use a win. Go mrge.
Updated lawyer opinion letter submitted Monday which lists all of the filings from 6/2 onwards. I am still shooting for Weds to be Pink Current barring any further required updates from OTCM which is always possible. I do not expect a significant increase if any in the stock price, but would welcome anything positive on that front.
I, agree.. the financials as well as the lawyer letters are sketchy.. But remember, this is not the end of the world.. Getting pink current will happen.. Are you a believer political change is gonna happen in Mexico! Lets face it, if this remain the same,Ward has proven,he can't get it done..
The pictures are great,BUT, most dont know what they really mean. Give this a little time. After Voorduin finishes gay month, maybe the picture will be painted clearly. Ayala sure stays quiet. Like Ward!
The goofball lawyer already submitted false opinion letter(s). He did not even bother to contact the TA and he certified MRGE financial advertisements that stated the wronGGG sharecount.
If the law dude did nott even bother to verify the correct sharecount with the TA, his diligence for rendering the opinion is worthless and nott worth a damn.
Geeze, sharecount is the most basic, fundamental information in these "financials".
Law dude could nott/did nott even Czech that with the TA.
WOW.
Seems like I can stop warming up my vocal cords. What is the reason that we are not current after 10 business days? My guess is another bs propaganda scheme to get more pp $!
Is this lawyer going to certify a fake office? Lol. Let’s see. Lol
I can’t remember his name, but I will find out in the morning. Old ward screwed his landman in dimmi county too. He was a guy from Victoria Tx. Ward screwed him too. Lol. Remember, Mikey, we don’t forget
The scammer Ward rented a pump jack to make it look like he was an oil guy. Then he never paid them. Lol. Remember that Mikey? Lol. A fake oil man. Remember Waters and Waters? Lol
Will old grifter ward get arrested if he goes back to dimmit county? Lol. Bankruptcy doesn’t clear everything. He screwed lots of people there. They would love to see him
Can anyone tell me what old Grifter Ward brings to the table for anything?
Is the ceo, old grifter Ward, in Mexico on Mrge business or there celebrating pride mont ph wit ph Adolfo? Are investors paying for his pride? I see lots of pride post on Adolfo’s page and nothing about MRGE
Happy Juneteenth.
Maybe this is our week
Happy Father’s Day to all you dads!!
Wishing all Mirage shareholders a happy Father's Day!
$MRGE
Rumors have MRGE running a pipeline from the MMEX refinery, in Pecos County, to Mexico. A MOU to be out soon
Yep, your analysis there is spot on. Grifter WARD is the typical Stinky Pinky pump and dump scammer. Unfortunately, he has people who play the game WITH him and they promote the “everything is great” narrative
Pure horse hit! I run quick books for my business..I dont have multiple masters, but I understand simple accounting..Stop defending ineptitude or just book manipulation..
For this stock/company to move forward Ward needs to wake up or we will languish forever..Accounting is no where near as complicated as you make it out to be..WE HAVE NO INCOME!!
He needs to get his head out of his all mighty pipeline ass attitude and treat this as it is, A PUBLICLY TRADED COMPANY.. that being updates, timely and correct financials and something other than an MOU..
My patience is thin!!
Thats for sure I really was having doubts as to whether we would trade again partially because it wasn't clear to me what the rules were after the Expert market came into effect but really nothing has actually changed is my conclusion
Doing filings for Ward could be a little like the thorn in the side that the apostle Paul had, something that never goes away, always hanging over your head and handicapping you, I dont know. But yeah he's not spending time reviewing fins, and well, while what we get is certainly not perfect, its luckily sufficient.
Yes to your last points for sure !
No doubt, it's basically a miracle he got this trading again.
Do people actually think Ward is spending time reviewing the fins??? Lol
Mirage is in an excellent position here. And whoever has wanted to buy in at these low levels has had more than ample time.
I'm looking for continued progress on these projects over the next 12 months with share price appreciation to match
I totally get where you’re coming from, especially starting my own business by borrowing 100k off of my credit cards and building it into a 10 million dollar business. Get the business, then figure it out…
This is not his first rodeo.
I would devote almost all my time and what limited resources I have in landing a deal from Mexico
Nothing else matters
I hope for the best!
I agree, he is not good at delegating to those that can help him including shareholders and that's a problem for sure. I was speaking strictly from a one man show perspective where one person was actually forced to do everything, and maybe that's what he feels or has put himself into that position for whatever reason I just dont know.
If your business was about to be sold, or you knew you were about to land a huge account, would you make sure everything was copacetic, right?
Another thing to keep in mind, most companies even small caps have separate CEO and CFO positions, where the CEO is incapable of doing the books as he/she doesnt have the time or aptitude to do so, for example Tidelands had separate roles, but in this case, at this point Ward functions in all positions, i dont even know if Patrick is still being paid. So, try doing everything and see how you do. For instance I do the books (QuickBooks) for our small business. There is no chance in the world my wife would ever be able to do that, meanwhile she is essentially the one who "runs" the business, and I wouldnt be interested in doing that. Give him a break, he's doing the best for him.
Well I accomplished what I wanted. Lol. A little weekend banter.. see you guys on Taco Tuesday.. and have a happy Juneteenth....$$$ go segio$$$gomrge$$$$
Yup. Can’t make it up
Remember when he raised $125,000 for permits but gave it to his wife? Lol.
Yes, this is true. I think if there is nothing substantial in the next 2 weeks, then everyone should just move on and delete this symbol from ihub, and I will delete ihub from my phone!
People can choose to buy a house from someone else
The problem is old grifter ward collects the money to build the house and never builds it
It’s like being a developer and you build homes but bathrooms you do suck
But heck it’s ok it’s not your strong point lol
CMW's strong point is grifting and swindling investors. Including swindling the same ones over and over and over. And with the same story no less.
This is AAA-level swindling.
Followers
|
199
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
41528
|
Created
|
02/11/10
|
Type
|
Free
|
Moderators Macod pepeoil MoneyMike1 |
Announced Projects:
1) CENOTE ENERGY S. de R. L. de C. V. (Subsidiary of Mirage) - Burgos Hub Storage & Natural Gas Pipeline, a US-Mexico development consisting of cross-border transportation and the first underground natural gas storage facility in the country of Mexico. When fully developed, Mirage’s natural gas storage facility will be the largest natural gas storage facility on the North American continent.
2) WPF MEXICO PIPELINES S. de R. L. de C. V. (Subsidiary of Mirage) - SAN FERNANDO/CACTUS. 42" diameter pipeline interconnected to proposed storage facility with interconnects to Station #19 and Los Ramones all on Mexico's National Pipeline System. Including interconnecting and rehabilitating a existing 48" pipeline running all the way to the Isthmus Corridor thus bringing abundant supply of natural gas to the southern region of Mexico. Approximately 1000 miles.
3) NORTHERN HEMISPHERE LOGISTICS, S. A. P. I. de C. V. (Co-Ownership with Mirage) - ISTHMUS CORRIDOR. Includes rehabilitating dock facilities at Coatzacoalcos Veracruz on the Gulf of Mexico side with new monobouys. Rehabilitating 30" & 48" lines running from Coatzacoalcos to Salina Cruz Oaxaca, dock and monobouys in the Pacific side, this including the pumping stations along the track and tankage on both side of the Isthmus.
4) MIRAGE ENERGY CORPORATION - Announces it has signed an agreement with ENERGY AGENCY OF THE STATE OF PUEBLA to develop a pipeline infrastructure project to deliver natural gas to the state and various industrial parks with in the state. This includes the delivery of 500 mmbtupd of natural gas thru this pipeline project. Total estimates cost for development of this project is expected to be s $300 million USD.
========= Projected revenues of all projects have been estimated at $1.5 - $2.5 Billion with Net Income ranging from $500 Million to $1+ Billion ==========
(See chart at the bottom for potential share price scenarios using these estimates)
June 5, 2023
MIRAGE ENERGY CORPORATION AND ITS SUBSIDARIES, ANNOUNCE THE SIGNING OF A BINDING MOU AGREEMENT FOR THE DEVELOPMENT/TRANSPORTATION WITH GRUPO CONSTRUCTOR HERMED, S.A. DE C.V.
MIRAGE ENERGY CORPORATION (OTC PINK: MRGE) and its subsidaries announces it has signed a binding Joint Venture Development Agreement/ Transportation Agreement and off-take agreement.
This agreement BETWEEN Mirage and Grupo Constructor Hermed, S.A. de C.V. is for the development of three projects Mirage and its subsidaries have been devoting time and money.
June 16, 2020
Mirage Energy Corporation and Northern Hemisphere Logistics, Inc. Sign $4 Billion Debt Financing With Bluebell International, LLC for Development of Three Projects Including Pipelines, Natural Gas Storage and Isthmus Corridor Project
Mirage gets 25% ownership in multi-billion dollar projects WITH ZERO DEBT
https://www.globenewswire.com/news-release/2020/06/17/2049382/0/en/Mirage-Energy-Corporation-and-Northern-Hemisphere-Logistics-Inc-Sign-4-Billion-Debt-Financing-With-Bluebell-International-LLC-for-Development-of-Three-Projects-Including-Pipelines-.html
Mirage Energy Corporation Signs Agreement with Northern Hemisphere Logistics, S. A. P. I. de C. V. To Participate in the Development of the Isthmus Corridor Project
March 16, 2020
https://www.otcmarkets.com/stock/MRGE/news/story?e&id=1553878
June 11, 2020
Mirage Energy Corporation Signs Agreement with the Newly Formed Energy Administration of the State of Puebla for Development of Pipelines
https://www.otcmarkets.com/stock/MRGE/news/story?e&id=1623065
May 20, 2020
Mirage Energy Corporation/Northern Hemisphere Logistics, S. A. P. I. de C. V. Signs Agreement with Mexico Labor Union "El Sindicato National De Infraestructura" for the Support and Cooperation on Respective Projects for Each Company
https://www.otcmarkets.com/stock/MRGE/news/story?e&id=1607525
October 8, 2019
Mirage Energy Corporation Wholly Owned Subsidiary, WPF Transmission, Inc., Announces the Signing of an Interconnect Agreement With Whistler Pipeline LLC.
https://www.globenewswire.com/news-release/2019/10/08/1926360/0/en/Mirage-Energy-Corporation-Wholly-Owned-Subsidiary-WPF-Transmission-Inc-Announces-the-Signing-of-an-Interconnect-Agreement-With-Whistler-Pipeline-LLC.html
MOU announced with a billion dollar company, (TrailStone NA Asset Holdings, LLC):
https://finance.yahoo.com/news/mirage-energy-enters-mou-reserved-120000683.html
Trailstone is a subsidiary of Riverstone, "Riverstone is an energy and power-focused private investment firm with $38 billion of capital raised":
https://www.riverstonellc.com
Advantages of Isthmus project = Worldwide implications = HUGE $$$ saved
(from board member: PennyStockTrader2)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156268062
The following table is a reference to how one might come up with PPS for Mirage. There are obviously a lot of variables here, but since PPS is often talked about in terms of PE ratio, I thought I would use that as a guide.
I assumed the outstanding count would climb to around 650 million, where 200 mill preferred shares are held by the CEO and not traded, and so I also did a calculation based on 450 million also.
The worst case scenario in the table is 200 mill net earnings and a P/E ratio = 10, yielding a $3 stock. I say worst case in light of P/E ratio where ratios of other midstream pipeline companies.
June 24, 2021
https://mexicobusiness.news/energy/news/natural-gas-storage-remains-do-list
US-based Mirage Energy discussed a 786Bcf storage project with MBN last year. With a capacity as large as this, the project would immediately become the largest single natural gas storage facility in North America. “We are not developing this only as a strategic reserve but as a commercial operation of which industrial players can benefit,” said CEO Michael Ward. As of June 2020, funding for the project has been secured. Now, all Mexico’s government would need to do is give it a green light.
October 5, 2021
Mirage Energy Corporation Pays Off Debt To Power Up Lending
https://www.accesswire.com/666888/Mirage-Energy-Corporation-Pays-Off-Debt-To-Power-Up-Lending
SAN ANTONIO, TX / ACCESSWIRE / October 5, 2021 / MIRAGE ENERGY CORPORATION (OTC PINK:MRGE) announces it has paid off its debt to Power Up Lending as of October 2, 2021. This should be a stabilizing factor to our stock. Furthermore, Mirage no longer has any overhanging notes to affect our market.
Mirage continues to move forward on our US/MEXICO projects with great success being made on all fronts. We are looking forward to closing on these in the very near future.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |