FORT STOCKTON, TEXAS (PRWEB) November 20, 2017
MMEX Resources Corp. (OTCQB: MMEX), a development-stage company focusing on the acquisition, development and financing of oil, gas, refining and infrastructure projects in Texas and South America, held a ground breaking ceremony on its 10,000 barrel-per-day (BPD) crude distillation unit near Fort Stockton, Texas on Friday, November 17.
Jack W. Hanks, President and CEO of MMEX Resources Corp., commented, “We had wonderful time commemorating this milestone with the Fort Stockton community, our partners and investors. This ground breaking signified yet another major step for the Pecos County Refinery Project and we are eagerly anticipating beginning the 12 months of construction in order to bring jobs and tax revenue to the Pecos County area.”
The company expects to begin construction following additional site preparation and that the project will create significant economic impact in Pecos County during construction as well as result in full-time positions once the refinery is operational. These initiatives will also accelerate the potential for cash flow for MMEX.
The ceremony, held at the MMEX Refinery site, was attended by more than 150 people. Speakers at the event included Hanks; the Honorable Pecos County Judge Joe Shuster; the Honorable Joe Chris Alexander, Mayor of Fort Stockton; Cody Summerhays, Business Development Director of VFuels; Matt Miller, Project Manager at VFuels; Brian Burdorf, Operations Director of Trinty Consultants; and Elizabeth Grindstaff, Vice President of Sales and Marketing at Texas Pacifico. Additionally, Reverend Dr. James Miles from the First Presbyterian Church gave an invocation while Alex Cordero, sang the National Anthem and Cub Scouts from Fort Stockton’s Troop #154 raised the United States, State of Texas and MMEX flags at the site location.
About MMEX Resources Corp.
MMEX Resources Corporation (MMEX) is a development stage company formed to engage in the exploration, extraction, refining and distribution of oil, gas, petroleum products and electric power. MMEX focuses on the acquisition, development and financing of oil, gas, refining and electric power projects in Texas, Peru, and other countries in Latin America. For more information about MMEX, visit http://www.mmexresources.com.
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The following constitutes a "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, which could cause our actual results to differ materially from those described in the forward looking statements. These risks include but are not limited to the Company’s ability to continue as a going concern, our lack of revenues, general business conditions, the requirement to obtain significant financing to pursue our business plan, our history of operating losses and other risks detailed from time to time in the Company's SEC reports. In particular, readers should note MMEX undertakes no obligation to update forward-looking statements.