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Cdel trying to cover?
I just received an email from Mike also confirming news tomorrow!
Nobody cashed out just panic sell!
Back at .0004 soon! Hope you got some 2’s from the panic.
PDXP taking a beating this morning. Down near 52 low. Still diluting.
Nice hits! Let’s see some 3’s
Loaded more, didn’t think I would get 2’s.
BMIC looks like he’s done selling, hopefully VNDM will run out soon and then we will hopefully move up.
They tweeted the last time they dropped a PR saying news end of week. It came out the following Monday afternoon. Hang in there!
Hope u at least got some .001’s this morning
11 mil buy at .0012! Looking good
Bitcoin at $6000
Awesome! Good luck to you
I thought you were 100 percent sure it was going to fall to .0012?
Same here, the office was closed!
Holy $hit!
Amazon to accept Bitcoin by October!!
Nice buys coming in! Looking good
Congrats longs!
Permit issued for first phase of MMEX Resources refinery
State regulators have issued a permit for the first phase of the first new refinery built in the U.S. in more than 40 years.
After a nearly month of review, the Texas Commission on Environmental Quality has issued a permit to MMEX Resources Corp. (OTCPK: MMEX). The permit allows the company to build a crude distillation unit on the company's land just northeast of Fort Stockton.
The TCEQ permit allows the Austin-based company to build a unit that uses an atmospheric distillation process. Unlike a typical refinery that relies on cracking and hydrotreating to refine the petroleum into final products, an atmospheric distillation process uses heat and gravity to separate the petroleum products into rough cuts that require additional refining prior to being considered final products.
MMEX announced in March that it planned to build a refinery in the Permian Basin capable of converting 50,000 barrels of crude oil per day into gasoline, diesel, jet fuel and liquefied petroleum gas. Refined products would then be shipped by rail to meet growing demand in Mexico.
The company reported raising and investing more than $698,000 for project planning, development and operations since April. The company tapped Dallas-based environmental consulting firm Trinity Consultants Inc. to handle its permit application with the TCEQ.
In a strategic shift, MMEX Resources CEO Jack Hanks said in June that the project would be split into two phases to take advantage of how the TCEQ issues permits. Hanks, who could not immediately be reached for comment, previously confirmed plans to build the crude distillation unit during the first phase and a full refinery in the second.
"The process for a crude distillation unit is 45 days," Hanks said in a past interview. "The process for a full-blown refinery with sulphur-removing equipment to make transportation-spec diesel and gasoline is 15 to 18 months."
Sergio Chapa
Reporter
San Antonio Business Journal
Beast!!!
Dip & Rip!
Thanks! I will keep that in mind!
Same with Scottrade. They said it will take 3 to 4 days for new shares to change over. So you guys keep it up, because I'm stuck! Haha
More tweets!
I was working with a gentleman from Phillps 66 two days after MMEX announced the plan to build and he knew about it. Can't tell me these big company's aren't sweating this. All eyes are on the Permian Basin. It will get built.
Dang that sucks! I was curious. I work in the oilfield too. I operate a Hot Oil truck. I got work from Lubbock, Tx all the way down to Kermit, tx. Occasionally to Midland/Odessa area. Think you and I both know how big this is, especially it being in the Permian Basin.
Any oil man looking to invest has his eyes in in the Permian. If you don't think this will get funded, your crazy.
Also filed for permits today too!
Congrats guys!! Finally seen copper!!
Any idea when the valuation will be due?
Green for St Patty?
Green for St Patty?
I live in the Permian Basin, and work in the oilfield.
Major players are selling a bunch of assets in the northern part of the Tx panhandle to expand in the Permian around Pecos, Alpine, and southeast parts of New Mexico.
Names like :
Oxy Permian
Apache
Chevron
Eog Resources
Exon
Anadarko
There's also independent companies drilling wells and are averaging 1500 bbls a day per well down there.
Theses big names will need a cheaper and closer place to send there oil. MMEX will have no problem at all getting funded for this project. And once they do, many of these big producers will be fighting for MMEX to take there oil.