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LINK TO CHANNEL 9 NEWS VIDEO ON THE REINERY:
CNBC video on big investments coming to Permian Basin
https://www.cnbc.com/amp/2017/03/31/now-is-the-time-to-invest-along-the-permian-basin-in-texas-oil-analyst-says.html
Ring Energy operates is the Permian Basin. $10PPS
Why KP Engineering is key to the refinery
KP engineering won a $100 million contract from Targa Resources (NYSE: TRGP) to build a crude and condensate splitter back in May of 2016.
http://www.businesswire.com/news/home/20160509005252/en/KP-Engineering-Wins-Targa-Contract-Grows-Resilient
THIS VALIDATES KP ENGINEERING
KP ENGINEERING PARTNERING WITH MMEX AS THE PROJECT CONTRACTOR FOR THE REFINERY FURTHER VALIDATES MMEX
That helps mightily with financing the project - this makes EXXON connection with MMEX very possible!
WHY EXXON NEEDS MMEX: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130159137
MMEX REFINERY PLAN HITS LOCAL NEWS check video:
http://www.newswest9.com/clip/13159844/fort-stockton-may-see-an-oil-refinery-that-would-bring-500-jobs
KEY INFORMATION *NEWS ANCHOR STATES THAT THE CITY AND COUNTY SUPPORTS NEW REFINERY*
Many things could have went wrong in Guatemala.
MMEX has now partnered with KP Engineering for this Texas project. After doing my own research I'm pretty confident this plan is legit.
Excellent point
I just asked in the email if it's in progress or completed. That's all the confirmation I need to patiently wait for the release.
Always good to verify what's said in PRs ;)
Spent my lunch time emailing and calling companies to validate KP Engineering. Found out that have multiple contracts with Targa(TRGP nyse: $59.11).
Now I'm starting to get more concrete dots connecting MMEX to the new refinery plan.
I emailed Doty Scott about the valuation around power hour. Hopefully I'll have a response in the morning on the status of that valuation report.
Although I would be ecstatic if I woke to see the report was already posted in the morning!
Gains are on the horizon. GOLDEN CROSS tomorrow
YES INDEED THE GOLDEN CROSS :)
Valuation still coming. Shares now at a 50% discount. Bounce back will commence.
That happened last Tuesday then news came out Wednesday.
March 28th a TUESDAY. Then news dropped the next day
Panic sells, but many are loading now for the next leg up
Just profit takers
Just sent an email. Will confirmed once response is received
WHY KPE PARTNERSHIP IS KEY TO REFINERY:
KP Engineering has multiple contracts of TARGA! Targa Resources is currently $59.11 on NYSE.
I read an article on a project KPE was contracted to build for Targa:
http://www.businesswire.com/news/home/20160509005252/en/KP-Engineering-Wins-Targa-Contract-Grows-Resilient
When I called KPE & Targa to confirmed the project: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130164920
Shortly afterwards I received an email response from Targa:
So confirming the validity of KP Engineering makes it a lot easier to validate KPE partnering with MMEX.
KPE is key to this refinery because of their reputation in the Texas markets. Now that MMEX has transferred Maple assets into this shell...the last missing piece is the valuation report to shows the company's worth before MMEX can receive funding.
Many have read the article about EXXON wanting to invest billions in the Permian Basin. Here's why many feel EXXON will finance the project:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130159137
.042s are almost history
Green close...bank on that
We've done the DD to validate MMEX. Investors didn't panic this morning...just day traders
Awesome valuation!!!
Indeed. MMEX is moving strong
Sorry meant KPE was contracted by Targa to design and build a crude and condensate splitter...not refinery
PROOF NO PUMP STRAIGHT FACTS:
KP engineering won a $100 million contract from Targa Resources (NYSE: TRGP) to build a refinery back in May of 2016.
http://www.businesswire.com/news/home/20160509005252/en/KP-Engineering-Wins-Targa-Contract-Grows-Resilient
THIS VALIDATES KP ENGINEERING
KP ENGINEERING PARTNERING WITH MMEX AS THE PROJECT CONTRACTOR FOR THE REFINERY FURTHER VALIDATES MMEX
That helps mightily with financing the project - this makes EXXON connection with MMEX very possible!
WHY EXXON NEEDS MMEX: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130159137
This is why I'm loading more. Proof MMEX is seriously in works on building a refinery
Lol oh gotcha
Indeed!
I CALLED KPE AND TARGA TODAY:
Feeling a lot better on MMEX.
MMEX partnered with KP Engineering where KPE will act as the project contractor.
This atricle shows KPE was awarded a contract from TARGA (NYSE: TRGP $59.11): http://www.businesswire.com/news/home/20160509005252/en/KP-Engineering-Wins-Targa-Contract-Grows-Resilient
http://www.targaresources.com/
The validity of the project was questioned by an ihub member so it led me to call Targa. I was transferred to the engineering department and had to leave a message.
I then called KPE and asked if the Condensate Splitter Targa project was completed. I didn't get a direct answer about that specific project, but I did receive VERY HELPFUL INFORMATION:
The receptionist replied:
"I don't the details of that specific contract. We have many contracts with Targa. All of our contracts have started."
She transferred to me the project manager in the Houston area, but no answer so I left a voicemail. I'll update this post when I receive a response.
So many will probably ask, "well what does this have to do with MMEX?"
connect the dots...
MMEX is partnering with a legitimate company. KPE has a profound repuation in the Texas market.
The Maple merger has transferred assets including the land(http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130094974) into the shell.
1)Having the project contractor in place
2) increasing assets in MMEX
3) Having a third party do a valuation report (determine value of shares)
looks more appealing to a financier POSSIBLY EXXON and here's why:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130159137
Hanks is building a soild base for MMEX. This refinery WILL be built
Emailed Targa. Also called and left voicemail with engineering department.
Called KPE, the receptionist stated they have multiple contracts with Targa so she didn't know the status of specific project. She mentioned that all the contracts with Targa have already started.
She transferred me to the project manager in the Houston area. No answer so I left a voicemail.
I will get back with you when I get a response
Look at this CNBC video explaining big investment interest in the Permian Basin:
https://www.cnbc.com/amp/2017/03/31/now-is-the-time-to-invest-along-the-permian-basin-in-texas-oil-analyst-says.html
link to the local news video: http://www.newswest9.com/clip/13159844/fort-stockton-may-see-an-oil-refinery-that-would-bring-500-jobs
Valuation report coming. With the 8k(waiver of shares) finalized we can expect a news drop at any moment.
For every sell there's a buy. Weaks are leaving while the patient are loading
And I'd be moving from cold Michigan to sunny California!!!
That's why I've added more. EXXON confirmation will send us to silverland!
More exposure!