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lol, Ward is negotiating the best deal possible for shareholders? Lol. Bwahaaaaaaaaa
You got it all wrong dude...Are you on quaaludes? (Stinky is rubbing off on me..beep beep) CMW is still negotiating the best deal possible for shareholders....As for sheinbaum and Nahale, Ward hired a PR person with connections that will push us past the finish line..
I see Nahle hanging out with the front runner Sheinbaum. Who we all know was against CMW. If Sheinbaum wins mirage is toast imo. And I say toast because this jackass can’t even close on a couple of scummy oil wells. Must be the Mexicans fault again
No rumors. Absolutely nothing will happen. You guys are beating a dead horse.
Sounds good..But it would be a first!
Good volume today, maybe the rumor is true..
Thanks Mike..Let's hope the new administration acts upon its words and doesn't give a speach every morning. Some of the members of the "Energy Sector" are tired of hearing him speak.
Thanks Mike. Good post
I hear you. But we are talking about the same country that never executed the third infrastructure package - despite AMLO saying it would be announced before the end of January 2022, the same country that has failed to execute on any natural gas storage despite talking about it for 25 years. The same country that took years to come to an agreement with the French company Engie over the expansion of the Mayakan pipeline, to the point that it appeared the project was no longer happening.
If the pre-work and research has indeed been done, I truly can't see them being that picky. As for the filings, as we've seen, it is entirely possible for us to get completely caught up in a short period. We have at least until the next administration, so we have some months. Silva has stated that the geological evaluation of the Brasil field has already been done. Where else would these blueprints that would have taken years of research have come from?
Here is a research article from 2019 that considers the possible scenarios of getting gas into the Brasil field.
http://www.ptolomeo.unam.mx:8080/xmlui/handle/132.248.52.100/17126
(The following list and image taken from page 68 - 69 of the document.)
The possible ways it lists are:
1) Supply through the National Gas Pipeline System operated by the SISTRANGAS Reynosa-Matamoros section, delivering production from the north of the country, from the CPG Burgos.
2) Supply through the Rio Bravo import point, through an interconnection with the
Tennessee Gas Pipeline Company.
3) Natural gas delivery through Brownsville import point fueling.
4) Supply through the Concho-El Progreso gas pipeline planned by the Mirage company, designed as a new import point in the northern part of the country in Nuevo Progreso, the pipeline includes taking natural gas from the Waha hub to the Agua Dulce hub and from that point take it to Mexico.
My understanding is that Mexico won't be producing enough gas on its own to be able to fill up the field, so #1 can be eliminated. As for #2, the Tennessee Gas Pipeline Company is a subsidiary of Kinder Morgan. I have looked into it and have found nothing regarding Kinder Morgan being involved in Mexico natural gas storage - at least nothing comparable to the Brasil field. For example, take this article from 2019 - https://www.naturalgasintel.com/kinder-morgan-to-offer-storage-solutions-for-mexico-natural-gas-shippers/ and this article from this year - https://www.naturalgasintel.com/mexico-lng-exports-driving-bullish-natural-gas-outlook-for-kinder-morgan/ (I have the full article text, if anyone wants it.) The first article mentions a 4Bcf project near Phoenix, AZ. The second focuses on US storage.
I guess it's possible another company steals the research we've already done, but that wouldn't be an issue with us. Also, Ward is aware of this and has taken precautions to minimize the chance of this happening. Obviously times have been rough, but I see nothing that should automatically take us out of the running. Regarding the oil wells, I hear he still plans on closing on them. And even if he didn't, I wouldn't view it as a death knell for all the reasons listed above. We will have to wait and see what happens in the next administration, at which point we should at least have closure.
Only if CMW is sober. So, no.
But is this the week?
CMW works the fry baskets ("oil business") at the Taco Cabana on San Pedro Avenue on Tuesdays.
MW has a part time gig at a PR firm in the northeast.
It was mentioned by the largest shareholder that the oil wells would give MRGE credibility..Do you feel Wards lack of execution on the oil well front as well as not filing financials takes us out of consideration from a storage deal. We all know Storage has a profound impact across all of Mexico and as a leader I would be very careful of whom I picked..Or are shareholders banking on wards contacts..ie moreno and Silva to get it done? Thanks
As you've told me before, "there's always hope with a new administration." If the innumerable articles about natural gas storage are to be believed, Mexico needs it and pretty badly. We know that there has been tons of research done by / paid for / assembled by Mirage. We also know that they have a "very clear draft and blueprint of the wells that we need to drill to set up the injection headers and create all the necessary infrastructure for the project." I personally am hopeful we will be included somewhere in the mix.
BTW, Claudia Sheinbaum was in Tamaulipas a couple days ago and mentioned natural gas storage.
"She also noted that “there are the two systems, either BRT or Trolleybus that we have been proposing, in the case of this area, well, part of it is in the north, on the border, which I announced the day we were in that area. area, particularly in Reynosa and elsewhere, is for the municipalities of Altamira, Madero and Tampico, that we can have a public transportation system that communicates, that we are going to support the governor to develop it; and natural gas storage projects, the fertilizer plant, the development of the Port of Matamoros; in addition to what the Port of Tampico would represent as tourism; the Customs Building that is being completed on the border; and the International Port of Nuevo Laredo, which we also announced at the time.”
https://www.maspormas.com/nacional/claudia-sheinbaum-visita-tamaulipas-y-veracruz/
Here is a video of the whole conference (translated subtitles available) - the above excerpt takes place around 3:10
https://www.youtube.com/watch?v=TWhCTDgqxhM
Is old Ward taking over Pemex with old Flapper and changing the logo to a rainbow?
not me, I did have an order in but after the spike down to .008x
Was that you buying again today?
Too bad it ain't like father like son..CMW must have been "playing" around south of the border during that life lesson...SMH
I think it more just confirms the point that he knew it was really challenging to business in Mexico and he was right
I don't think his father did any business in Mexico. I know he was successful with oil wells in Texas though.
I didn’t realize wards father had so little faith in MW
What business did he do in Mexico.. I thought the rumor had it, he secured the rights to tunnel under the Panama Canal? An all time classic via Florida, Rob and CMW himself
That saying was from Ward's father regarding doing business in Mexico
So being this was I believe Wards logo and we know his sense of humor( mirage energy, 4Ward, Gambit energy) I’m guessing you feel the odds are as good as MW felt the odds of his company succeeding….
When pigs fly
Mike, what do you think the chances are that Mirage's projects get revived with next administration?
Here's the full article
NGI MEXICO GPI
INFRASTRUCTURE | MEXICO | NGI ALL NEWS ACCESS | SHALE DAILY
Mexico Lagging Behind Peer Markets in Natural Gas Storage, Report Warns
BY ANDREW BAKER
April 22, 2024
Mexico’s next government must invest in natural gas storage and pipeline infrastructure in order to keep up with rising demand and meet energy transition goals, according to a new report by the Instituto Mexicano Para la Competitividad (IMCO) think tank.
Mexico is the world’s eighth largest natural gas market, with demand in excess of 8 Bcf/d. However, its natural gas storage capacity is a fraction of that of similar sized markets such as Germany or Italy, researchers said.
Despite the widespread global use of underground gas storage in depleted reservoirs, confined aquifers and salt caverns, Mexico only stores gas in its liquid form at the Altamira, Ensenada and Manzanillo liquefied natural gas import terminals, “which have limited capacity,” the IMCO team said in a report titled, Proposals for the Energy We Want 2024-2030.
The policy roadmap comes ahead of Mexico’s general election scheduled for June 2. Claudia Sheinbaum, a close ally of current President Andrés Manuel López Obrador, is heavily favored to win.
The IMCO authors cited that Mexico is only able to store about 2.4 days’ worth of gas consumption, while Germany – which consumes nearly the same amount of gas – boasts 89 days’ worth.
Despite multiple announcements of plans to develop storage capacity, little progress has been made, IMCO said.
Mexico’s Centro Nacional de Control del Gas Natural (Cenagas), operator of the Sistrangas pipeline grid, said last year it planned to launch a tender to develop storage capacity at the depleted Jaf natural gas field in Veracruz state.
More recently, state power company Comisión Federal de Electricidad (CFE) said it was seeking bids to develop underground storage capacity in South Texas. Mexico imports about 71% of its gas supply from the United States.
In addition to storage capacity, Mexico “requires more pipeline infrastructure to transport natural gas throughout the country,” researchers said. They cited long-delayed projects such as the Tuxpan-Tula pipeline, originally slated to enter service in 2017, but remains incomplete due to local opposition.
“In the foreseeable future, natural gas will remain a key fuel for industrial activities in Mexico, as well as a pillar of the electric generation mix,” researchers said. “Therefore, it is indispensable to guarantee its uninterrupted supply through more investments in pipelines and to implement a storage policy that allows the country to gradually approach the days of inventory of countries like Germany, Austria, Spain, France or Italy.”
The authors also stressed the importance of shoring up natural gas supply to southeastern Mexico through projects such as the Southeast Gateway offshore pipeline. CFE and Engie SA also reached an agreement last month to double the capacity of the Mayakán pipeline serving the Yucatán Peninsula.
In terms of gas supply, Mexico could increase its domestic production “without risking public resources” by resuming upstream bid rounds, which President Andrés Manuel López Obrador halted upon taking office in 2018, the IMCO team said.
IMCO suggested not replacing U.S. gas imports in the short-term, “but rather to gradually increase the production platform so that in the medium term, the country is in a better position to face climatic events without putting energy security at risk.”
© 2024 Natural Gas Intelligence. All rights reserved.
ISSN © 2577-9877 | ISSN © 2577-9966 | ISSN © 2158-8023
Related topics: Infrastructure Mexico natural gas storage
ANDREW BAKER
@abakerNGI
andrew.baker@naturalgasintel.com
https://www.naturalgasintel.com/mexico-lagging-behind-peer-markets-in-natural-gas-storage-report-warns/
Picked up a 100K over the last couple days, its above my recommended buy limit of a penny but nonetheless its close. Hopefully we can get something on oil wells soon but dont hold your breath, I am sure nobody is.
Wow you’re on to something ,! Mike Ward could be the next president of Kotex. Now that’s believable
Mexico’s next government must invest in natural gas storage and pipeline infrastructure in order to keep up with rising demand and meet energy transition goals, according to a new report
https://www.naturalgasintel.com/mexico-lagging-behind-peer-markets-in-natural-gas-storage-report-warns/
You should give Waldo a quick call..He will definitely give you the straight scoop on any company milestones that are pending..But before he gets a word in edgewise,Your first question should be, have you made enough at your day job to file the financials? Then let him tell you everything is good, actually better than good...As well as the oil wells are progressing nicely..
At that point you will know exactly why myself and others post some of the things we do..
You are an A$$... You are making a statement based on a message board post.. please stop..
All you need to know about mirage and its prospects is the ceo got a job. Obviously he doesn’t have any faith
Have you called CMW? The largest shareholder says he is readily available to all shareholders?
Old Wards truck leaks more oil than he has ever produced. Lol
lol saw a bid at .022 premarket got excited 😂
With $204 worth of stock traded in the last 2.5 days? I highly doubt it... Maybe next week
That must be why $200 of stock traded today.
$2 +$2 = oil wells?
Crazy that the election is less than 2 months away, will leadership at Pemex change too?
Whoever wins the elections, support for Pemex will persist: S&P Global
https://energiaadebate.com/gane-quien-gane-las-elecciones-apoyo-a-pemex-persistira-sp-global/
Just an ugly leprechaun for now
Anyone who bought this chit deserves the losses. Old Ward is smarter than anyone who buys his shares. Lol
I didn't ask you..
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Moderators Macod pepeoil PennyStockTrader2 MoneyMike1 |
Announced Projects:
1) CENOTE ENERGY S. de R. L. de C. V. (Subsidiary of Mirage) - Burgos Hub Storage & Natural Gas Pipeline, a US-Mexico development consisting of cross-border transportation and the first underground natural gas storage facility in the country of Mexico. When fully developed, Mirage’s natural gas storage facility will be the largest natural gas storage facility on the North American continent.
2) WPF MEXICO PIPELINES S. de R. L. de C. V. (Subsidiary of Mirage) - SAN FERNANDO/CACTUS. 42" diameter pipeline interconnected to proposed storage facility with interconnects to Station #19 and Los Ramones all on Mexico's National Pipeline System. Including interconnecting and rehabilitating a existing 48" pipeline running all the way to the Isthmus Corridor thus bringing abundant supply of natural gas to the southern region of Mexico. Approximately 1000 miles.
3) NORTHERN HEMISPHERE LOGISTICS, S. A. P. I. de C. V. (Co-Ownership with Mirage) - ISTHMUS CORRIDOR. Includes rehabilitating dock facilities at Coatzacoalcos Veracruz on the Gulf of Mexico side with new monobouys. Rehabilitating 30" & 48" lines running from Coatzacoalcos to Salina Cruz Oaxaca, dock and monobouys in the Pacific side, this including the pumping stations along the track and tankage on both side of the Isthmus.
4) MIRAGE ENERGY CORPORATION - Announces it has signed an agreement with ENERGY AGENCY OF THE STATE OF PUEBLA to develop a pipeline infrastructure project to deliver natural gas to the state and various industrial parks with in the state. This includes the delivery of 500 mmbtupd of natural gas thru this pipeline project. Total estimates cost for development of this project is expected to be s $300 million USD.
========= Projected revenues of all projects have been estimated at $1.5 - $2.5 Billion with Net Income ranging from $500 Million to $1+ Billion ==========
(See chart at the bottom for potential share price scenarios using these estimates)
June 5, 2023
MIRAGE ENERGY CORPORATION AND ITS SUBSIDARIES, ANNOUNCE THE SIGNING OF A BINDING MOU AGREEMENT FOR THE DEVELOPMENT/TRANSPORTATION WITH GRUPO CONSTRUCTOR HERMED, S.A. DE C.V.
MIRAGE ENERGY CORPORATION (OTC PINK: MRGE) and its subsidaries announces it has signed a binding Joint Venture Development Agreement/ Transportation Agreement and off-take agreement.
This agreement BETWEEN Mirage and Grupo Constructor Hermed, S.A. de C.V. is for the development of three projects Mirage and its subsidaries have been devoting time and money.
June 16, 2020
Mirage Energy Corporation and Northern Hemisphere Logistics, Inc. Sign $4 Billion Debt Financing With Bluebell International, LLC for Development of Three Projects Including Pipelines, Natural Gas Storage and Isthmus Corridor Project
Mirage gets 25% ownership in multi-billion dollar projects WITH ZERO DEBT
https://www.globenewswire.com/news-release/2020/06/17/2049382/0/en/Mirage-Energy-Corporation-and-Northern-Hemisphere-Logistics-Inc-Sign-4-Billion-Debt-Financing-With-Bluebell-International-LLC-for-Development-of-Three-Projects-Including-Pipelines-.html
Mirage Energy Corporation Signs Agreement with Northern Hemisphere Logistics, S. A. P. I. de C. V. To Participate in the Development of the Isthmus Corridor Project
March 16, 2020
https://www.otcmarkets.com/stock/MRGE/news/story?e&id=1553878
June 11, 2020
Mirage Energy Corporation Signs Agreement with the Newly Formed Energy Administration of the State of Puebla for Development of Pipelines
https://www.otcmarkets.com/stock/MRGE/news/story?e&id=1623065
May 20, 2020
Mirage Energy Corporation/Northern Hemisphere Logistics, S. A. P. I. de C. V. Signs Agreement with Mexico Labor Union "El Sindicato National De Infraestructura" for the Support and Cooperation on Respective Projects for Each Company
https://www.otcmarkets.com/stock/MRGE/news/story?e&id=1607525
October 8, 2019
Mirage Energy Corporation Wholly Owned Subsidiary, WPF Transmission, Inc., Announces the Signing of an Interconnect Agreement With Whistler Pipeline LLC.
https://www.globenewswire.com/news-release/2019/10/08/1926360/0/en/Mirage-Energy-Corporation-Wholly-Owned-Subsidiary-WPF-Transmission-Inc-Announces-the-Signing-of-an-Interconnect-Agreement-With-Whistler-Pipeline-LLC.html
MOU announced with a billion dollar company, (TrailStone NA Asset Holdings, LLC):
https://finance.yahoo.com/news/mirage-energy-enters-mou-reserved-120000683.html
Trailstone is a subsidiary of Riverstone, "Riverstone is an energy and power-focused private investment firm with $38 billion of capital raised":
https://www.riverstonellc.com
Advantages of Isthmus project = Worldwide implications = HUGE $$$ saved
(from board member: PennyStockTrader2)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156268062
The following table is a reference to how one might come up with PPS for Mirage. There are obviously a lot of variables here, but since PPS is often talked about in terms of PE ratio, I thought I would use that as a guide.
I assumed the outstanding count would climb to around 650 million, where 200 mill preferred shares are held by the CEO and not traded, and so I also did a calculation based on 450 million also.
The worst case scenario in the table is 200 mill net earnings and a P/E ratio = 10, yielding a $3 stock. I say worst case in light of P/E ratio where ratios of other midstream pipeline companies.
June 24, 2021
https://mexicobusiness.news/energy/news/natural-gas-storage-remains-do-list
US-based Mirage Energy discussed a 786Bcf storage project with MBN last year. With a capacity as large as this, the project would immediately become the largest single natural gas storage facility in North America. “We are not developing this only as a strategic reserve but as a commercial operation of which industrial players can benefit,” said CEO Michael Ward. As of June 2020, funding for the project has been secured. Now, all Mexico’s government would need to do is give it a green light.
October 5, 2021
Mirage Energy Corporation Pays Off Debt To Power Up Lending
https://www.accesswire.com/666888/Mirage-Energy-Corporation-Pays-Off-Debt-To-Power-Up-Lending
SAN ANTONIO, TX / ACCESSWIRE / October 5, 2021 / MIRAGE ENERGY CORPORATION (OTC PINK:MRGE) announces it has paid off its debt to Power Up Lending as of October 2, 2021. This should be a stabilizing factor to our stock. Furthermore, Mirage no longer has any overhanging notes to affect our market.
Mirage continues to move forward on our US/MEXICO projects with great success being made on all fronts. We are looking forward to closing on these in the very near future.
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