MMEX Resources Corp (MMEX)

[jmjjw]

Once again, more incorrect and false information about MMEX.

MMEX's site is on the northeastern slope of the central basin platform, east and south of the productive structures in the Permian Basin.

The closest productive structures are north of the location, in the Midland sub-basin, and east near Ozone and Iraan.

The area to the immediate north is a depleted gas field, atop a sulfur dome, with a long-abandoned mine. Further northwest, off the central basin platform, the productive zone picks up again.

MMEX chose a location remote from the most productive sub-basin, the Delaware. The distance from the producing parts of the basin creates built in logistics and margin problems for MMEX - all feedstock would have to be hauled in. The nearest crude terminals are 35-miles to the northwest, and 37-miles northeast, as the crow flies creating 70+ mile truck trips for at least 50 200-bbl tankers daily, at a minimum of $3/bbl transportation cost.

The MMEX refinery sits atop no productive geology.

MMEX inland refinery: on.top.the.second.lightest.crude deposit in the world after South Africa.
With the proper fuel filter you could run a John Deere on the Permian Basin stuff.