InvestorsHub Logo
Followers 28
Posts 3998
Boards Moderated 0
Alias Born 10/18/2017

Re: CEOs post# 72762

Saturday, 10/21/2017 10:16:24 PM

Saturday, October 21, 2017 10:16:24 PM

Post# of 122536


Mmex applied to the TCEQ for a permit to build a 10,000 bbl CDU facility. The TCEQ hired many qualified personnel to asses permit applications for many things which may exhaust potentially harmful and pollutive gases into he atmosphere. To ensure compliance of regulations, the TCEQ hired Qualified personnel to asses applications to build potentially harmful pollutive units in Texas. These qualified personnel assessed MMEX's application and found it met the requirements to allow for a build. The application was under a PBR



Respectfully, you are missing the point. The PBR process is a regulatory, clerical, and administrative permitting system.

It simplifies and streamlines the issuance of trivial regulatory and revenue permits. The competence of TCEQ staff is irrelevant, and I made (or make) no claim about that aspect of the agency.

The PBR was obtained in four days, from desk to desk. It is trivial, and essentially is rubber-stamped if the forms are correctly filled out and the application appears complete.


Btw, PBRs are done by ConocoPhillips and Exxon.



This is topical about MMEX - Conoco-Phillips and Exxon-Mobil are not relevant. Any entity that produces emissions has to comply with TCEQ. Some are PBR, some are more complex permits and applications.

So, if I can ask, do you feel that the TCEQ personnel are not qualified personnel in the area of refining? Do you feel ConocoPhillips and Exxon's PBRs are also fake?



Given I made no claims about the competence of TCEQ staff, and that other companies and their permits are not relevant to MMEX, and that I made no claim that any company's PBR is "fake," there is no relevance to MMEX - I stated the PBR is a trivial, administrative permit, of little value to consider in a financing or valuation discussion.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent MMEX News