MMEX groundbreaking event coming Friday, big catalyst:
Members of Local Community, Local Government Officials, and Business Leaders Invited to Join Company Representatives in Marking Milestone for Refinery Project That Will Bring Jobs to Pecos County, Texas
FORT STOCKTON, TX / ACCESSWIRE / October 16, 2017 /MMEX Resources Corp. (OTC-PINK:MMEX), a development-stage company focusing on the acquisition, development, and financing of oil, gas, refining, and infrastructure projects in Texas and South America, today announced it will break ground on its 10,000 barrel-per-day (BPD) crude distillation unit near Fort Stockton, Texas on Friday, November 17.
Jack W. Hanks, President and CEO of MMEX Resources Corp., commented, "We are excited to commemorate this next milestone for the Pecos County refinery project and hope that the Fort Stockton community will join us on November 17. While we've made a significant amount of progress in a very short amount of time this year, breaking ground on the smaller-scale, initial refinery unit is a particularly important accomplishment as we look to begin construction and bring jobs to the Pecos County area."
The ground breaking comes on heels of MMEX receiving approval from the Texas Commission on Environmental Quality to build the 10,000 BPD crude distillation unit near Fort Stockton, Texas in late August, and the company anticipates beginning construction imminently. The project is expected to require approximately 12 months of construction time and create significant economic impact in Pecos County during construction as well as result in full-time positions once operational. These initiatives will also accelerate the potential for cash flow to the Company.
The event will begin at the Fort Stockton Visitor Center at 3:00 p.m., with the ground breaking commencing at 4 p.m. at the project site. Transportation will be provided to and from the project site and afterwards an open reception will be held.
Additional details about the event will be announced in the coming weeks. Interested parties should contact MMEX Investor Relations in the meantime with questions and for more information.
About MMEX Resources Corp.
MMEX Resources Corporation ( MMEX ) is a development stage company formed to engage in the exploration, extraction, refining and distribution of oil, gas, petroleum products and electric power. MMEX focuses on the acquisition, development, and financing of oil, gas, refining, and electric power projects in Texas, Peru, and other countries in Latin America.