MMEX Resources Corp (MMEX)

[Powdercoater]

Yep, looks like Jack wants to sell the Naptha to pipelines who blend while going to Gulf Coast.

Hanks Quote :

“We’re projecting we will sell part of our production from the distillation unit within the Permian Basin, primarily to pipelines who blend the naptha into their crude supply that typically goes to Gulf Coast refineries,” Hanks said.

We are locked down with three major purchasers of our products, large companies with strong balance sheets and credit-worthy partners,” Hanks said. “We’re lining up buyers for products that won’t be available for about 12 months.”

https://www.mrt.com/business/oil/article/MMEX-acquires-road-easement-signs-trucking-firm-12724013.php
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MMEX Resources Corp. Announces Diesel Product Sales Agreement with Pilot Thomas Logistics for Pecos County, Texas Crude Oil Refinery Project

The agreement provides for Pilot Thomas Logistics to acquire 100% of the Diesel production from Phase 1, approximately 4,200 barrels per day

http://www.prweb.com/releases/2018/03/prweb15275764.htm
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OFFTAKE AGREEMENT
PROJECT FINANCE DOCUMENTS CRITICAL FOR LOAN APPROVAL
Offtake Agreements significantly increase the likelihood of project loan approval by reducing long-term project risk and offering stable cash flow for years to come.

Benefits to the Project Company
» Project financing was approved due in very large part to the agreement;
» A substantial portion of future production is pre-sold for many years into the future;
» Guaranteed income under the agreement for a long period of time;
» The project company will earn a predictable profit for many years into the future.

http://globaltradefunding.com/project-finance/project-finance-documents/offtake-agreements/



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MMEX STRONG