Thursday, December 24, 2020 10:02:56 AM
Not wishful thinking at all. Another big dot in the Mirage Energy Master plan. Pemex was losing big dollars on these lines. Ward goes to them and says give me a 35 year renewable lease and I can turn this around and make you money with no investment dollars required on Pemex's part. The problem was running heavy oil thru lines that could not handle heavy oil. Also they needed a few more
in line compressor/ pump stations and fix a couple of pinch points were line size was reduced. Fill these lines with light oil and everyone makes money now filling the super tankers on the west coast, who can't make it thru the Panama canal. I believe there is also plans to add additional lines for carrying other fuels in the Mexican gov't Isthmus Master plan.
What is also very encouraging is that we are getting regular developments regarding Mirage's multiple projects coming directly from the Mexican gov't. Share price seems to reflect that.
cheers
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