Mirage Energy Corp (MRGE)

[PennyStockTrader2]

reminder to those that may have forgotten (or never knew). Here is the San Fernando - Cactus line that Mirage will be rehabilitating to be able to bring gas south towards the Yucatan, it's green in the picture currently part of SISTRANGAS. I've circled it in red, notice both endpoints San Fernando and Cactus.



If people need a reminder of our projects. Unlike what has been said on the board, Ward has actually accomplished some things.

https://mexicobusiness.news/energy/news/ready-move-crucial-natural-gas-infrastructure-projects


Q: How was Mirage Energy founded, and what is your experience concerning natural gas in Mexico?

A: I founded Mirage Energy around five years ago as a special purpose vehicle. We did a reverse-merger into a public company primarily to execute projects we had outlined, which are now in the process of development. Our storage project was to be developed 26 years ago, with a company called Tidelands Oil & Gas. We had all of our permits back then, but the necessary energy reforms had not been passed. We shelved the project, but came back to it after the Energy Reform was enacted. Our projects are structured to be mutually beneficial. The way our projects are designed, the Mexican government makes a dollar every time we do. It is a 50/50 split, with no hidden agendas.

The first project I worked on in Mexico was 27 years ago. The project implemented and expedited the cross-border permitting process for pipelines. We basically took a three-year process and turned it into a six-month process, which is how all cross-border pipelines are permitted now. I also built the first pipeline under that process at Eagle Pass and Piedras Negras to service the industrial complex at Piedras Negras and the new Modelo brewery. This was achieved with help from CONAGAS.

I think Mexico is a fantastic place to develop infrastructure projects. I have seen four government administrations pass by and there are always political shifts. But in the end, it always seems to work out as long as the project itself is sound. In the end, it is truly about the Mexican people. I have had very good experiences working with PEMEX and CRE.

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Regarding the storage, we are working on a deal to rehabilitate the San Fernando-Cactus pipeline. This was originally built to bring gas from the Bay of Campeche up north and designed to travel into the US. Nevertheless, that piece was never built because the deal fell apart. It is a single-direction right now as there is no gas coming from Campeche. We will refurbish the pipeline, with new compression, new meter stations and instrumentation to make it bi-directional again. The line will travel to Nuevo PEMEX. We have an interconnection agreement with Whitewater Whistler here. All the gas will come from the Permian basin, considered the cheapest gas on the continent.

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The rehabilitation of the San Fernando-Cactus pipeline should take 12 to 18 months.