Wednesday, March 27, 2019 3:08:05 PM
One of first refineries built in over 40 years in the U.S. is being built by MMEX and that is no small feat. Especially since the project is fully permitted and will offer access to wholesale and retail markets in the United States, Mexico, Central America and South America.
MMEX has already contributed $5,000,000 to date and if their lenders felt the company was no good they definitely would not be wasting time on a 'scam'.
• Fully permitted, EPC contracts & off-take agreements in
final negotiations
• 10,000bpd CDU (Diesel/Naphtha/Residual)
• Expected to be operational approximately 12-15 months
after funding
• Estimated Project Cost of $93 MM
Financial Projections
•Refinery (Full-Capacity) Pro-Forma
• Annual Revenue - $36 million (approx. equivalent of $10/bbl to refine 10k/bpd of crude = $100,000/day in revenues (with time off for Xmas holidays :)
• Annual EBITDA - $26 million
• Annual FCF - $9 to $14 million
and THAT is just from the 10,000 bpd CDU!
Imagine what 100,000/bpd from a Full Scale Refinery will do for the share price...That is 10x the production and revenues of the CDU with a Valuation to match...Revenues/profits will be in the $100s of millions of dollars which will make MMEX a multi-dollar stock!
If ya don't know - Now ya KNOW!!!
“Texas is No. 1 … We are the No. 1 oil and gas producing state. If we were our own country, we would be the 10th-largest producer in the world. We have surpassed nations in the Middle East … and a lot of that has to do with what happens right here in the Permian Basin.”
"This is a great project. It has robust economics in it," Jack Hanks
https://www.mrt.com/business/oil/article/MMEX-Resources-seeks-to-make-up-for-lost-time-13634613.php
https://www.mmexresources.com/pdf/Investor_Presentation_February_2019.pdf
Project Status-
Land: 126 acres of land closed and right of way/easements obtained (July 2017)
Permit: Trinity Consultants - environmental permit obtained from Texas Commission on Environmental
Quality (Aug. 2017)
EPC Contractors: EPC contracts in final negotiations - scoping study completed, FEED study
completed
O&M Contract: 3rd party refinery Operations &Maintenance contract being finalized
Crude Supply Agreement: Multiple nearby crude supply options available – contract expected to be executed Q2/Q3 2019
Offtake Agreements: LOIs/Agreements in negotiations or in place for 100% of output.
Niiiiice - Only the strong survive and MMEX is a Strong Buy!
It's not the Ups and Downs that make life difficult -- It's the JERKS!
Recent MMEX News
- 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
- 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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Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM