The entire “first part”
Diesel Production Off-take with Pilot Thomas Logistics. On March 5, 2018, we announced that we have entered into a diesel off-take agreement with Pilot Thomas Logistics. The agreement provides for Pilot Thomas to acquire 100% of the Diesel production from the planned Distillation Unit, approximately 4,200 barrels per day, for markets in the Permian Basin area principally for use in drilling operations.
EPC FEED with Interstate Treating, V-Fuels and Via Rails Engineering. On February 15, 2018, we announced that MMEX had retained Interstate Treating, Inc. to be the primary contractor for the engineering, procurement and construction of the Distillation Unit. We further announced that Interstate Treating’s field personnel will immediately commence the detailed engineering phase of the project so that the parties can finalize a definitive engineering, procurement and construction (“EPC”) agreement. Interstate Treating, based in Odessa, Texas, is a leading provider of total turnkey construction services to the gas treating and processing industry. VFuels, LLC, which has collaborated with MMEX in the design of the Distillation Unit, will continue as a subcontractor to Interstate Treating in designing, fabricating and delivering the modular processing equipment for the Distillation Unit from its Houston, Texas headquarters. The CDU railroad access package under the EPC will be designed with completion guarantees by Via Rails Engineering of Maribel, Wisconsin and Ft. Worth, Texas.
UT Lands Easement Road Construction. On February 20, 2018, we announced the commencement of the road construction on the easement acquired from the University of Texas Lands accessing the project sites for the two separate phases of its refinery project in Pecos County, Texas, the 10,000 BPD Crude Distillation Unit and 100,000 BPD fullscale refinery project. MMEX entered into its easement with the University of Texas System to build a new access road to its project site locations from the paved county road approximately 20 miles northeast of Ft. Stockton, Pecos County, Texas. This construction will provide for truck traffic access to the MMEX refinery projects for construction, and then at commercial operation to ultimate markets in the Permian Basin.
Penta Petro Trucking Transport Agreement. On February 20, 2018, we further announced that we had entered into a transportation agreement for trucking services in the Permian Basin with Penta Operating, LLC, operating as Penta Petro to transport refined products from the project’s first phase, initially its naphtha, to ultimate customers. Penta Petro, based in Midland, Texas, is a leading provider of common carrier services focusing on transportation of all refined products, biodiesel and ethanol fuels in the Permian Basin serving West Texas and Eastern New Mexico.
Additional Shares Available to be Sold by Selling Stockholders. On March 1, 2018, we filed a registration statement with respect to the registration of additional shares of Class A common stock to increase the amount of securities offered pursuant to our original registration statement on Form S-1 by 220,000,000 shares of Class A common stock to be offered by David Clark (principal of Vista Capital Investments LLC), as one of the Selling Stockholders named therein.
Filing of Form 10-Q for Quarter Ended January 31, 2018. On March 9, 2018, we filed our Report on Form 10-Q for the quarter ended January 31, 2018. The financial statements included in such Report are set forth on pages F-1 through F-20 of this Prospectus Supplement. Note 14 to such financial statements includes additional information on certain recent developments subsequent to January 31, 2018. Set forth below are certain excerpts from the Management’s Discussion and Analysis of Financial Condition and Results of Operations included in such Report:
Diesel Production Off-take with Pilot Thomas Logistics. On March 5, 2018, we announced that we have entered into a diesel off-take agreement with Pilot Thomas Logistics. The agreement provides for Pilot Thomas to acquire 100% of the Diesel production from the planned Distillation Unit, approximately 4,200 barrels per day, for markets in the Permian Basin area principally for use in drilling operations.
EPC FEED with Interstate Treating, V-Fuels and Via Rails Engineering. On February 15, 2018, we announced that MMEX had retained Interstate Treating, Inc. to be the primary contractor for the engineering, procurement and construction of the Distillation Unit. We further announced that Interstate Treating’s field personnel will immediately commence the detailed engineering phase of the project so that the parties can finalize a definitive engineering, procurement and construction (“EPC”) agreement. Interstate Treating, based in Odessa, Texas, is a leading provider of total turnkey construction services to the gas treating and processing industry. VFuels, LLC, which has collaborated with MMEX in the design of the Distillation Unit, will continue as a subcontractor to Interstate Treating in designing, fabricating and delivering the modular processing equipment for the Distillation Unit from its Houston, Texas headquarters. The CDU railroad access package under the EPC will be designed with completion guarantees by Via Rails Engineering of Maribel, Wisconsin and Ft. Worth, Texas.
UT Lands Easement Road Construction. On February 20, 2018, we announced the commencement of the road construction on the easement acquired from the University of Texas Lands accessing the project sites for the two separate phases of its refinery project in Pecos County, Texas, the 10,000 BPD Crude Distillation Unit and 100,000 BPD fullscale refinery project. MMEX entered into its easement with the University of Texas System to build a new access road to its project site locations from the paved county road approximately 20 miles northeast of Ft. Stockton, Pecos County, Texas. This construction will provide for truck traffic access to the MMEX refinery projects for construction, and then at commercial operation to ultimate markets in the Permian Basin.
Penta Petro Trucking Transport Agreement. On February 20, 2018, we further announced that we had entered into a transportation agreement for trucking services in the Permian Basin with Penta Operating, LLC, operating as Penta Petro to transport refined products from the project’s first phase, initially its naphtha, to ultimate customers. Penta Petro, based in Midland, Texas, is a leading provider of common carrier services focusing on transportation of all refined products, biodiesel and ethanol fuels in the Permian Basin serving West Texas and Eastern New Mexico.
Additional Shares Available to be Sold by Selling Stockholders. On March 1, 2018, we filed a registration statement with respect to the registration of additional shares of Class A common stock to increase the amount of securities offered pursuant to our original registration statement on Form S-1 by 220,000,000 shares of Class A common stock to be offered by David Clark (principal of Vista Capital Investments LLC), as one of the Selling Stockholders named therein.
Filing of Form 10-Q for Quarter Ended January 31, 2018. On March 9, 2018, we filed our Report on Form 10-Q for the quarter ended January 31, 2018. The financial statements included in such Report are set forth on pages F-1 through F-20 of this Prospectus Supplement. Note 14 to such financial statements includes additional information on certain recent developments subsequent to January 31, 2018. Set forth below are certain excerpts from the Management’s Discussion and Analysis of Financial Condition and Results of Operations included in such Report:
