Mirage Energy Corp (MRGE)

[Andyman23]

44magnum,

Great question! Here’s my opinion, sorry it’s so lengthy. Just thought it would help those that are new here to understand the environment we are dealing with. I know you’ve been around for a while.


I think with AMLO saying on the 20th, that he will present the Economic Recovery Plan (which has a focus on the construction and energy sectors) within 15 days.. that doesn’t necessarily mean September 1st. He likely means “half a month or so”. Knowing Mexico, It will likely be longer than 15 days from August 20th, but hopefully it will still be the first week of September.

Back in early 2020, many of us on this board earnestly waited for this energy plan to be announced just about every day. We heard AMLO say he would present it “in 10 days” or in “two weeks” countless times.. the delays were because of differing opinions on the issue of oil farmouts, it held the entire plan up. Can you imagine how painful it was for us to wait? We alleviate by accumulating. Finally, we had a set date in March that AMLO confirmed. We were just two days away when he confirmed he would present it. The oil war happened and the Energy Plan Presentation was cancelled the night before! We’ve been in darkness regarding this plan ever since.. up until now.

The positive indicator for this fruition is that Mexico has shown themselves to be desperate for foreign private investment, even in the realm of oil farmouts. This article from two days ago confirms the fact: https://www.naturalgasintel.com/mexico-approves-slew-of-upstream-oil-natural-gas-work-programs/

Since oil farmouts appear to finally be a now non-issue (much to AMLO’s chagrin I might add), we can be confident that the barrier that caused our delays at the beginning of the year has now been removed. The pandemic clearly forced things into the proper perspective for Mexico. Not that our projects ever were threatened (as we are not an exploration company), but we were held up by the other dead weight controversial projects in the energy plan. The light is now green across the board. Let’s count on the first week of September for Mexico’s announcement.

Now, can we expect to have news before Mexico first takes the floor in September? My opinion is NO! Ward knows this is AMLO’s political feather in his cap. Especially his “pet project” the Isthmus!!!

Plus, it is best for shareholders (I think) that this begins in Mexico and echoes into American mainstream media. Mirage then releases PR’s with all eyes watching. September is set for a shaking!