Mirage Energy Corp (MRGE)

[Andyman23]

Macod,

I believe you’re correct in that decreased demand due to COVID had likely set back phase 2.. along with our other projects. Luckily, demand has recovered much faster than anyone anticipated.

As it looks in the isthmus PR, it seems to suggest that the phase 2 oil lines will be in service 18-24 months after phase 1 is completed. So to me, that reads that Mirage will not even start phase 2 until phase 1 is completed.. at the earliest. With this being much further out than phase 1, the negotiations are clearly not as far along as our other “done deals”. If this is so, then it is reasonable that financing is not yet ready to be secured.