Sunday, June 17, 2018 12:51:29 PM
A desalter is a critical, and necessary process element in any crude unit.
A CEO, like Mad J. who claims sector expertise, but somehow commissions and has permitted a topping unit that omits the desalter is 100% incompetent - at best.
More likely, a fraud - MMEX did not care about the viability of the topping unit design, it was simply a cheap prop in MMEX's share-selling scheme. Mad J. didn't figure that anyone would look closely at what he was up to, because share-selling schemes and con-men rely on naive investors, lack of knowledge, and shallow due diligence.
There are many other missing elements in the proposed Phase I rudimentary topping unit that will lead to significant down-time, poor operational efficiency, and inability to run in balance. A marginal undergraduate process engineering student could tear the permitted design apart in a single classroom review session..
When you are dead, you don't know that you are dead. It is difficult only for others. It is the same when you are stupid.
Recent MMEX News
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/14/2023 03:11:12 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/06/2023 04:48:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/14/2023 06:42:49 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/11/2023 08:50:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2023 01:30:20 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 07/17/2023 08:55:16 PM
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