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Mirage Energy Corporation (MRGE)

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0.7101+0.1301 (+22.43%)
At close: 3:58PM EST
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Previous Close0.5800
BidN/A x N/A
AskN/A x N/A
Day's Range0.5500 - 0.7500
52 Week Range0.0440 - 0.7500
Avg. Volume842,503
Market Cap273.05M
Beta (5Y Monthly)-0.25
PE Ratio (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Mirage Energy Signs Letter of Intent to Provide 200 MMcf/Day of Natural Gas to J&E Administration Integral, S. De. L. De C.V. in Mexico

    Mirage Energy Signs Letter of Intent to Provide 200 MMcf/Day of Natural Gas to J&E Administration Integral, S. De. L. De C.V. in Mexico

    35-Year Contract Will Help Provide Cheap Natural Gas and Electricity to the Energy-Starved States of Oaxaca and Chiapas Map of the San Fernando/cactus Natural Gas Pipeline System Mirage Energy is planning to rehabilitate the San Fernando/Cactus Line, map shown here, as part of its large-scale cross-border natural gas infrastructure project.SAN ANTONIO, Aug. 27, 2020 (GLOBE NEWSWIRE) -- MIRAGE ENERGY CORPORATION, www.mirageenergycorp.com (OTC Pink: MRGE), announces it has signed a letter of intent (LOI) to provide 200 Million cubic feet per day (MMcf/d) of natural gas to J&E administration Integral, S. de. L. de C.V. (J & E), which is developing a natural gas transportation system in the Mexican states of Oaxaca and Chiapas.The new transportation system on the west coast of southern Mexico will be interconnected via the San Fernando/Cactus Line, which Mirage is planning to rehabilitate as part of its large-scale cross-border infrastructure project funded by a binding $4 Billion financing agreement with Bluebell International, announced in June.“We are proud to partner with J&E on this important project, which will enable the delivery of clean, efficient natural gas to the energy-starved states of Oaxaca and Chiapas, likely at a 50% discount to current prices,” said Michael Ward, President and CEO of Mirage Energy.   Separately, Ward added that Mirage has officially converted and repaid all notes related to the business.About Mirage Energy Corporation: Mirage Energy Corporation (OTC Pink: MRGE) is a natural gas storage and international transportation company based in San Antonio, Texas. Through its wholly owned subsidiaries, Northern Hemisphere Logistics, Inc., WPF Transmission, Inc., WPF Mexico Pipelines and Cenote Energy, Mirage is developing an integrated pipeline infrastructure in and between Mexico and the U.S. and North America’s largest natural gas storage facility, located in Mexico (http://www.mirageenergycorp.com).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. Media Contact: Brian Hyland, 212-805-3055 Bhyland@rubensteinpr.comA photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d15cd041-5c71-478c-a00a-215521dbe4f6

  • GlobeNewswire

    Mirage Energy CEO Michael Ward Says USMCA Is Win-Win for North America

    Michael Ward, CEO of MIRAGE ENERGY CORPORATION, www.mirageenergycorp.com (OTC Pink: MRGE), applauds the implementation of the U.S.-Mexico-Canada Trade Agreement (USMCA), which went into effect Wednesday, as a “true win-win” for the energy sector across the North American continent. “The USMCA is a great deal for all three countries involved,” said Ward, who has been working in the oil and gas industry in the U.S. and Mexico for more than 50 years and recently signed a binding $4 billion financing agreement from Bluebell International, LLC, to develop North America’s largest cross-border natural gas infrastructure project.

  • GlobeNewswire

    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 ENERGY CORPORATION (OTC Pink: MRGE) / NORTHERN HEMISPHERE LOGISTICS, INC. (www.mirageenergycorp.com) announces it has signed a $4 Billion debt facility with the family office of Bluebell International, LLC’s (BBI) family office, (www.bluebellfunding.com) for the development of natural gas pipelines, underground natural gas storage and the Isthmus Corridor Project. The company’s pipeline, interconnected with Whitewater Whistler, provides an inexpensive natural gas supply for Mexico through a new 42-inch pipeline to be built from Agua Dulce/ Banquette Hub to Progresso then into Mexico. From there, natural gas can be stored underground (once developed) or sent to Station #19 on the Sistrangas system, with a 42-inch line going on to Los Ramones and an interconnect to the San Fernando/Cactus line, which would bring natural gas all the way to Nuevo Pemex on the Yucatan Peninsula.