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MarketScreener Homepage  >  Equities  >  OTC Bulletin Board - Other OTC  >  Mirage Energy Corporation    MRGE

MIRAGE ENERGY CORPORATION

(MRGE)
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Mirage Energy Corporation Signs Agreement with the Newly Formed Energy Administration of the State of Puebla for Development of Pipelines

06/11/2020 | 11:50am EST

San Antonio, Texas--(Newsfile Corp. - June 11, 2020) - MIRAGE ENERGY CORPORATION (OTC Pink: MRGE) 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.

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Mirage Energy Logo

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The first stage is a 46.60 mile pipeline from the Pemex's Compression Station at San Martin to new Industrial Park at Izucar de Matamoros Puebla.

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Izucar Natural Gas Pipeline

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This project will give a faster more economical way of delivering natural gas to the region of Mexico with our pipeline network we should be able to deliver natural gas at a 50% discount to current prices.

Also, we have signed a work agreement with the National Infrastructure Union.

FORWARD-LOOKING STATEMENTS:

This press release contains forward-looking statements. These statements relate to future financial performance. We intend that such forward-looking statements be subject to the safe harbors for such statement. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgement as to what may occur in the future. However, forward-looking statements are subject to risk, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected.

SOURCE: 

Mirage Energy Corporation
http://www.mirageenergycorp.com/

Office: 210-858-3970

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/57720


© Newsfilecorp 2020
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Financials (USD)
Sales 2020 - - -
Net income 2020 -5,35 M - -
Net Debt 2020 0,24 M - -
P/E ratio 2020 -14,5x
Yield 2020 -
Capitalization 117 M 117 M -
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees 5
Free-Float 48,5%
Chart MIRAGE ENERGY CORPORATION
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Mirage Energy Corporation Technical Analysis Chart | MRGE | US60463B1098 | MarketScreener
Income Statement Evolution
Managers and Directors
NameTitle
Michael R. Ward Chairman, President, CEO, CFO & CAO
Soll Sussman Director
Alejandro Amelio Director
Patrick C. Dosser Vice President
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