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Certainty necessary to develop public-private partnerships in the energy sector
11/17/2023
Public-private partnerships ( PPP) are a good tool to resolve the budgetary limitations of Petróleos Mexicanos (Pemex) and the Federal Electricity Commission (CFE) , but it is necessary that conditions of certainty regarding the contractual conditions first exist, specialists assured.
In an energy sector forum, energy sector specialist Arturo Carranza said that with a pragmatic vision, PPPs can work, particularly in Pemex, mainly on the issue of natural gas storage.
With respect to the CFE , Carranza highlighted that some associations of this type have already begun to be seen to develop strategic projects , but he highlighted the importance of respecting the contractual conditions established in said associations.
“There must be a will for the contractual figure to work and certainty that there will not be a change in the rules of the game, that the conditions that are being established are those that will be followed throughout the line of development and construction of the projects,” he declared.
For her part, the coordinator of the Competition and Regulation Program of Mexico Evalúa, Ana Lilia Moreno , added that these types of associations have the opportunity to promote priority energy projects .
He assured that these schemes are attractive, but require the trust that was lost due to the legal changes promoted with the arrival of the new administration.
“We have a fairly attractive legal framework to attract private investment , however, we must point out some things before focusing on the outlook they may provide for 2024," explained Ana Lilia Moreno.
https://www.msn.com/es-mx/dinero/noticias/necesaria-certidumbre-para-desarrollar-asociaciones-p%C3%BAblico-privadas-en-sector-energ%C3%A9tico/ar-AA1k6KZ0
US announces rule to slash powerful planet-warming methane by nearly 80% from oil and gas
https://www.msn.com/en-us/news/us/us-announces-rule-to-slash-powerful-planet-warming-methane-by-nearly-80-from-oil-and-gas/ar-AA1kSpXJ
Let's all get out an vote next year!
Wow surprised to see Gamestop!
Dang missed it, my bid wasn't in early enough
I disagree with saying everyone posted is fact! Far from it
LOL ..believers? Maybe they believe what is largely posted on this board
Is year end selling over already?
Just the fact that Ward went to Mx per Penny’s post. I don’t think he’s is on vacation there
Like you said weird some would probably hope that Ward actually doesn't close on these deals
I can never figure that out
But each to his or her own
I have no idea what was being shown but someone accumulating at that level
Looks like there is a buyer at .015 if anyone wants to sell
Great to see things are moving along
Things might start getting interesting here
Chart looks looks good here to add more
Are you hearing possibly next week?
I wonder who sold down to .0077 yesterday
No change to outstanding shares in last update on Nov. 24
O/S 516,844,269
Restricted 288,335,160
Unrestricted 228,509,109
Happy Thanksgiving!
I didn’t quite get what the accusations were? Seems like normal business to me
I think since March 2023 ..found somewhere it says tax forfeiture.
However I haven't seen that entity used since 2019 with the Whistler announcement.
Maybe you're mixing it up with WPF MEXICO PIPELINES S. de R. L. de C. V. which is still active and a Mexican subsidiary.
The commonality is funny though ...WPF!
Sure that's why I used 'if'. I know I am rooting for success here
Mexico could boom thanks to the new global economic system, and natural gas will be key, according to experts.
https://www.naturalgasintel.com/natural-gas-said-crucial-component-to-mexicos-nearshoring-ambitions/?v=LDC%20USMX%20RoundUp
I agree if he can get a proper PR out announcing and explaining the details of the deal(s) and the plan for more growth
Did you say dime or higher? Weeeeeeeeeeeeeeee
Good DD Mike. The articles says the administration stopped the storage projects. Confusing since the board says Ward made up everything. Lol
Decent promise for next year, but not a surprise, the more time that goes by the more desperate the storage need will become, especially as nearshoring take off
Oh yes I do. Yes we’re good for exactly a month from today
What are you talking about? He’s current on financial reporting and also the profile was verified by otcmarkets within the past week. All good there
Before Xmas?
No change to outstanding shares in last update on Nov. 10
O/S 516,844,269
Restricted 288,335,160
Unrestricted 228,509,109
Excellent to get $1 million cash to work with. Can be just the spark that is needed to consummate a deal finally
Is that you bidding?
Ha you must be hearing something
Don’t bother responding to those types of comments. Everyone knows the pics and trips were real, they’re just trying to jab you. Like I said before I have been in contact with an editor of a news publication that was there in person when some of those pics were taken. And he interviewed Sergio. And also believed the whole thing at that time.
Note 13. Subsequent Events
On October 20, 2023, MGC received $845,377.89 as part of the $1,000,000 settlement amount due in Cooperative Energy, a Mississippi Electric Cooperative v. Mississippi Gaming Corporation, et al. (In the Special Court of Eminent Domain, Hancock County, Mississippi (Case No. CC23-0153). The parties are working on the wording of an easement. Once MGC signs the easement, Cooperative Energy will pay the remainder due to MGC. In line with previous agreements, the funds were used, in part, to reimburse two unrelated lenders a total of $40,000 for amounts advanced in 2023 and to reimburse the Chairman of the Board approximately $100,000 for amounts advanced in 2023. In addition, $45,503.74 was paid to the President of the Company to reimburse the President for expenses paid on behalf of the Company in prior years. The Company intends to use the remaining funds to pay property taxes for the year 2023, to pay its outside auditors and accountant for the Form 10-K for the year ending December 31, 2023, to prepare and file past due federal and state tax returns, to perform an updated wetland delineation survey and certain environmental studies, to obtain an updated property appraisal and updated feasibility study, to obtain aerials of the Diamondhead Property and surrounding area, to prepare updated marketing materials, to pay legal fees and expenses of outside counsel, to pay down some debt due, including rent due in 2023, and to pay administrative and operating expenses.
Moving up the breakout boards ..something brewing?
I don't disagree with some of what is said. Definitely don't agree with all of it. People give him way to much credit, thinking he organized the Sergio debacle and such. No doubt Ward himself has gotten played multiple times over the years. I don't have any interest in personal grievances. Just interested in my investment. I don't communicate with Ward, have never spoken with him. Many of us have been in for years, we know what Ward is, he's definitely not going to change, but people expect him too. I know many here are new to penny stocks, but I've seen way worse CEO's in pennyland that Ward. I find it odd too that people think he can work for free. I'm amazed he kept the company alive all this time. If he didn't raise any money then the company would be toast and some here would be happy with that I guess. I know I wouldn't.
For North American Energy Security, Go Local: Examining the Role of Natural Gas and Mexico’s Energy Sector
https://www.csis.org/analysis/north-american-energy-security-go-local-examining-role-natural-gas-and-mexicos-energy
Storage: Storage capacity is a vital link in Mexico’s overall energy security and the ability of its grid to weather disruptions domestically or in relation to U.S. imports. Progress has been made recently, such as Cenegas announcing its first ever tender for a strategic gas storage project in June 2023 at the Jaf field. If brought online, the Jaf project could offer as much as 17 billion cubic feet of storage, or enough to meet domestic gas consumption for four days. The awarding of this tender should come swiftly and be followed up with subsequent projects to bring additional capacity to bear. The Brasil field in Tamaulipas, for instance, has already been identified as another area with even greater storage potential located close to much of the gas-hungry industries in northern states. The United States and Canada, for their part, should seek to bolster technical cooperation with Mexico in identifying possible subterranean gas storage locations. These efforts could in turn build upon the agreements made at the 2023 North American Leaders Summit (NALS) to fortify geological information sharing and mapping for critical minerals, expanding such efforts to include identification of potential gas storage sites.
Lucrative Reward or Mounting Risk? Mexico’s Growing Reliance on US Gas
Will the new Energy Secretary finally move on storage!?
https://www.energypolicy.columbia.edu/publications/lucrative-reward-or-mounting-risk-mexicos-growing-reliance-on-us-gas/
Not in the least
Will be interesting to see how much volume comes in if he gets the oil deals