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Re: None

Wednesday, 08/16/2023 10:26:01 PM

Wednesday, August 16, 2023 10:26:01 PM

Post# of 41405
One thing to keep in mind is why are these projects so important, obviously to Mexico as a country, but also to Pemex. We know that Pemex is the most indebted large oil company in the world, around 12 billion I think. How do they get out of that? Is Sergio so smart that he can make things more efficient, cut costs, make better decisions? Maybe, but on the scale required by Pemex no. That's where our projects come in b/c they are so so profitable and dont cost Pemex anything, THAT is the real value of what we bring to the table in being able to execute on those projects. And Sergio collaborating with Mirage is the key to that happening.

Also my take on the transition ... maybe it is not so friendly, maybe Octavio dragging feet, certainly a question I might ask though whatever it is, it shouldnt be longer than the 15 (business) days that has been announced.