(Total Views: 748)
Posted On: 01/30/2019 3:11:30 PM
Post# of 4466
Re: DieselBuzz #4384
To be sure, any legitimate debt and equity sources would be looking at, scrutinizing any proposed EPC contractor, their track record in the sector, delivery history, including costs/overruns, delays, safety, start-up and operational life histories, etc.
Realistically, this is not a concern, because no legitimate debt / equity sources are evaluating MMEX-scam. The “terms sheet” was, is, and always will be imaginary.
It is a curiosity, at best, that BI’s sole news item refers to MMEX. BI’s subsidiary/affiliated companies are unrelated to the inland business, unless you expect them to work in a marine environment on Mad J.’s solar-powered submarine fleet.
BI has no substantial track-record in the sector, and none in the Permian - they have done limited, small scale refits, process unit projects, and turn-arounds, but have only been operating in Texas for the last rough 6 - 9 months. Why would a legitimate investor put tens of millions or more of capital at risk, to deal with a project that’s underpinned on an EPC with no significant track record?
Realistically, this is not a concern, because no legitimate debt / equity sources are evaluating MMEX-scam. The “terms sheet” was, is, and always will be imaginary.
It is a curiosity, at best, that BI’s sole news item refers to MMEX. BI’s subsidiary/affiliated companies are unrelated to the inland business, unless you expect them to work in a marine environment on Mad J.’s solar-powered submarine fleet.
BI has no substantial track-record in the sector, and none in the Permian - they have done limited, small scale refits, process unit projects, and turn-arounds, but have only been operating in Texas for the last rough 6 - 9 months. Why would a legitimate investor put tens of millions or more of capital at risk, to deal with a project that’s underpinned on an EPC with no significant track record?
Quote:
I'm not sure what you are looking for. Blanchard Industrial is an EPC contractor that is qualified to design and construct facilities in this sector. Just cause you didn't find a story about them on Google means nothing.
http://www.blanind.com/construction/
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This is absolutely hilarious! MMEX's banner page features a refinery (someone else's), and we know for certain that they have no business operations, refinery, etc. (not counting the flagpole).
You should believe the evidence - look for industry press, legitimate PR, and analyst news that cites BI's involvement in refinery construction - save for a few unit turn-arounds, they have no significant presence in the sector, and none in the Permian Basin.
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