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I would think so
No change to outstanding shares in last update on Oct 27
O/S 516,844,269
Restricted 288,335,160
Unrestricted 228,509,109
I'm glad you caught the humor!
Jim Cramer says there is a bull market in oil and gas thanks to recent big mergers
https://www.cnbc.com/2023/10/23/cramer-there-is-a-bull-market-in-oil-and-gas-thanks-to-recent-mergers.html
The question is will the oil wells deal bring any more volume?
I'm not sure who would be stupid enough to give him PP money for oil wells deal but would be great if he could raise off of that
Great question. At least the new Energy Secretary is a positive given he’s talked about storage in the past and specifically the Brasil field. Will be interesting to see what he focuses on first.
But regardless I think we hear about Texas oil wells first
I really don't know how to respond to that. If not post information directly related to the potential of Mirage's projects, then what else is their to post about ..that is constructive??
Are the only posts allowed now those that bash Ward and an investment that many here own? That has never made sense to me.
Like I said people need to make their own determinations. I have done my own DD
Don't be an idiot. People can make up their own minds based on all information available. I have always said there is uncertainty dealing with Mexico
Oh I see, how pathetic
Really, show me where I have done that.
Sure you did. You were pumping when Semperfi was buying
You might be surprised. Jetfan was a big pumper, obviously jonsmile, many others
Like you said the same guys were pumping the chit out of this back then
Ain't that the truth!
Really? If that's the case then I guess these levels are pretty cheap
Well that would be ridiculous! Let's see what the new Energy Secretary does
No change to outstanding shares in last update on Oct 16
O/S 516,844,269
Restricted 288,335,160
Unrestricted 228,509,109
Projects in Tamaulipas will guarantee Mexico's energy sovereignty: Secretary
https://www.msn.com/es-mx/noticias/mexico/proyectos-en-tamaulipas-garantizar%C3%A1n-soberan%C3%ADa-energ%C3%A9tica-de-m%C3%A9xico-secretario/ar-AA1iiLF9
No change to outstanding shares in last update on Oct 13
O/S 516,844,269
Restricted 288,335,160
Unrestricted 228,509,109
Who knows, will be interesting to see who gets in there anyway. Here is Jose Ramon Silva again talking about storage at Brasil field, but no mention of Mirage..
From our competence we are promoting the development of large-scale projects that will have a great national and international impact. One of them is the development of a natural gas storage system in a depleted field (Campo Brasil)
https://elgraficotam.com.mx/2023/10/13/expone-secretaria-de-desarrollo-energetico-en-el-shallow-deepwater-mexico/
Mexico Energy Secretary Rocio Nahle has presented her resignation and will step down immediately
https://www.reuters.com/world/americas/mexico-energy-secretary-steps-down-effective-friday-2023-10-14/
When is he closing on the oil wells? I thought someone said soon
Good point, will be interesting to see how he handles any that
Please elaborate, did I say something specific you are referring to?
The Pemex dilemma revisited
• A dilemma is approaching for Pemex and the current government: in order to save Pemex, profound structural changes are required, especially with the union, and a return to the 2013 energy reform to boost hydrocarbon production in Mexico. This route will face significant union resistance. Or, the government in power can try to buy time and avoid an energy crisis that, unfortunately, threatens our economy. Neither of the two possibilities is easy.
https://www.elfinanciero.com.mx/opinion/enrique-cardenas/2023/10/12/el-dilema-de-pemex-revisitado/
LOL, I always found it funny how much people read into posts on a message board. I just never knew who the dream team was. I always thought it was the ones that made the most money here.
I have no idea, you’ll have to ask one of the dream teamers
Good point. I think we’ll hear something
He is doing exactly that. From what someone posted few days ago he’s working on oil wells deal in US
Plenty posters extremely bullish? Who?
My comment was more to the fact that those PP investors invested around the time the Sergio thing happened and obviously that was a debacle. I would be pissed if I was them.
I don’t think anyone knows what is going on in Mexico. But as I posted before I am talking to an editor of a publication that was there for the Sergio celebration and interviewed him. Totally thought it was real. He said he’s hearing couple different outcomes but nothing confirmed yet. So we wait. Obviously the new Secretary of Energy needs to be announced before anything happens
Yeah they gotta be pissed
On the Brasil field mention, I think it is key that it references federal authorities being involved instead of the state of Tamaulipas
They’ve been saying that since 2018. The Brasil field seems to be getting more attention lately. We’ll see
Good stuff MM. From that article in the summer the Brasil field was supposed to be tendered in December so we’ll see.
But also JAF by now which hasn’t happened that I have seen.
Does it have to happen in sequence? Who knows
Interesting, so we will find out next week
Share structure is better than most pennies by far. No dilution. Small float.
Zero debt.
Mexico big risk …YES
Access to natural gas, a limitation for development
Although the south and southeast are the regions that produce most of the country's natural gas, they do not have access to it, thus limiting the development and investment of new companies.
Ruben Zermeño
Sep 21, 2023
The southern and southeastern regions of the country have historically been among the most forgotten by the authorities, generating belts of poverty and inequality . During the current administration, President Andrés Manuel López Obrador focused his strategy on turning these entities into development poles.
Despite the construction of emblematic works such as the Mayan Train and the Dos Bocas Refinery , these regions have a great limitation, the lack of access to natural gas , an essential fuel for industrial activities in Mexico.
If there is a transportation network for this fuel , development triggers such as nearshoring could reach this forgotten part of the country.
According to the research “The Mexican south-southeast requires infrastructure to access natural gas” prepared by the Mexican Institute for Competitiveness ( IMCO ), natural gas is an essential fuel for industrial activities in Mexico, as well as for the generation of approximately 60 percent of the electrical energy consumed in the country.
But although Mexico is one of the main consumers of natural gas worldwide, the infrastructure to access this fuel is concentrated in the northern and central regions of the country, leaving the southern and southeastern regions forgotten.
A sad irony
Although practically all of the natural gas that was extracted in Mexico in 2022 came from one of the nine entities that make up the south and southeast of the country (Campeche, Chiapas, Guerrero, Oaxaca, Puebla, Quintana Roo, Tabasco, Veracruz and Yucatán), according to IMCO, access to this fuel is limited due to the lack of transportation infrastructure.
“The south-southeast region is the main natural gas producing region in the country. Of an average of 4,804 million cubic feet per day (MMcfd) of natural gas that was extracted in Mexico in 2022, 89 percent (4,277 MMcfd) came from entities in the south and southeast: Campeche (2,056 MMcfd) , Tabasco (1,641 MMcfd), Veracruz (476 MMcfd), Chiapas (90 MMcfd) and Puebla (14 MMcfd),” the institute revealed .
Regarding the processing of natural gas , the scenario is similar.
“This was processed in nine gas processing centers owned by Petróleos Mexicanos (Pemex), seven of which are located in the states of Chiapas, Tabasco and Veracruz. In addition, the oil company itself consumed around a fifth (1,762 MMcfd) of the country's total dry gas supply in 2021 (8,251 MMcfd), so the production of this fuel is not representative of the available gas. for the non-oil industry and other economic sectors,” adds the research .
The irony is that although the majority of the natural gas that was produced and processed in the country in recent years came from the south and southeast of Mexico, its transportation and distribution within that region was limited due to the lack of infrastructure. transportation .
“Despite the fact that between 2012 and 2022 the length of the gas pipeline network increased by 68 percent (it went from 11,347 to 19,060 km), the natural gas transportation infrastructure is still insufficient to guarantee supply in certain regions of the country, such as the south and southeast, that have less gas pipeline coverage compared to the central and northeastern regions,” the report states.
Another irony is that, coupled with the low production of natural gas in the country, Mexico is ranked as the seventh country with the largest burning of natural gas worldwide and this burning is concentrated in the entities of southern and southeastern Mexico due to the lack of infrastructure for its use in exploration and production processes.
Lack of infrastructure
The lack of infrastructure for transportation, distribution and access to natural gas in that part of the country restricts the growth of different economic sectors and limits the attraction of investments.
“Although the south and southeast concentrate the production of natural gas in the country, this is not reflected in access to it. To do this, the region must invest in expanding transportation capacity through gas pipelines that allow natural gas to be transported to the entire south and southeast. Without this, the region will remain behind in terms of energy supply and limited in its possibilities for growth, economic development and well-being for its inhabitants,” the research concludes.
*That is why cities like Monterrey attract investment and development, but the same does not happen in the south and southeast of the country.
In this way, in this part of the country it is difficult for companies to arrive due to the nearshoring phenomenon , as occurs in other entities.
The light at the end of the pipeline
Just on September 14, the governor of Veracruz, Cuitláhuac García Jiménez , revealed that his administration is leading the studies and permits to complete the Puerta al Sureste project, which will supply natural gas to the Gulf of Mexico.
The project would be developed by the Canadian company TC Energía and the Federal Electricity Commission and will consist of the construction of a 715-kilometer marine gas pipeline that will transport natural gas from the Tuxpan area to the delivery points in Coatzacoalcos and Paraíso, Tabasco.
The limitation in the project is that the pipeline will only supply strategic government facilities and electricity generation plants.
https://www.reporteindigo.com/reporte/acceso-al-gas-natural-limitante-para-el-desarrollo-sur-sureste-mexico/
No change to outstanding shares in last update on Sept 29
O/S 516,844,269
Restricted 288,335,160
Unrestricted 228,509,109
Good find. although I don’t think they can continue to wait on storage especially with LNG exports starting. But what do I know I am foolish!