MMEX Resources Corp (MMEX)

[jmjjw]

An "agreement" is not a viable, valid, enforceable contract. It is worth absolutely zero dollars.

MMEX cannot form a legally binding, valid contract for off-take - this is a legal concept, MMEX lacks the ability to perform, i.e., it has no business operations, and no production facility, to produce anything.

Only a legally binding, enforceable contract can be valued.

Additionally, MMEX could not produce any product salable, or definable as "#2 Diesel" The intermediate stream AGO cannot be combusted in any fuel application, and has no use in frack fluid make-up. It might have marginal use in HOBM, but that is problematic, because there are other sources, primarily synthetic, other than diesel for that limited use. It is further problematic because AGO can't be stored, transported, or distributed in systems used to handle ULSD, because of sulphur contamination - so anyone dumb enough to go down that road would need a separate transportation fleet, storage, and distribution/handling facilities.

So all of these claimed "agreements" are completely worthless.

Most calculators, and anyone competent enough to use one, should be able to compute a gross revenue number, although for MMEX that would be of little value, because it is a share-selling scheme, and won't have revenue, other than from toxic lending.

Facts matter. This is all freely available information, and can be sourced from MMEX's filings.

Can you do the math for me on how much money the Pilot Thomas agreement is worth once up and running?

100% of their diesel production which is going to roughly be 4,200 bbls per day.

Last report for wholesale prices for diesel #2 was from feb 2018 at $1.972 per gallon.

42 gallons in a barrel. My calculator is having trouble going that high.