Wednesday, June 20, 2018 3:42:35 PM
The current lack of take-away will impact small producers through the end of 2019. The big producers have firm transportation contracts in place.
MMEX's proposed Phase I system, which has not started construction at this point, because MMEX has failed to obtain project financing, is:
- too small (10Kbp/d) to have any meaningful impact
- isolated, far from gathering systems, terminals (the nearest is more than 30-road miles distant) and transmission lines
- would not come on-line, even if it were built, before sometime in 2020, assuming it were financed before the end of calendar 2018, which will not happen
MMEX's proposed Phase II, a distant, imaginary fantasy, is similarly too small to have any meaningful impact, and it is even less likely to be realized than the failed out the gate Phase I.
The discount on WTI varies for a number of reasons, and MMEX would never realize it - this is all irrelevant for a share-selling scheme, which is all MMEX is...
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
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 07/30/2024 02:08:15 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 07/29/2024 04:55:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 09:51:51 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 01/08/2024 02:30:21 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 01/03/2024 01:18:51 PM
- 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
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