threewheeler
2 years ago
dam OTC has wrong O/S As of October 25, 2021, the issuer had 81,052.338 common shares issued and outstanding. https://www.otcmarkets.com/filing/html?id=15313339&guid=qT8wkptbLBEaKLh NMEX SECURITY DETAILS
Share Structure
Market Cap Market Cap
11,769,810 reflects the proper 81M oh well
11/03/2021
Authorized Shares
250,000,000
07/01/2020
Outstanding Shares
81,052
10/25/2021
Ronin_Trader
5 years ago
News 3/13/19 - Northern Minerals & Exploration Ltd. Signs MOU with Labrador Capital and Opens New Corporate Offices
SALT LAKE CITY, March 13, 2019 (GLOBE NEWSWIRE) -- Northern Minerals & Exploration Ltd. (Stock Symbol: NMEX) is pleased to announce the signing of a Memorandum of Understanding with Labrador Capital SAPI De CV (“Labrador”) on March 8, 2019. This is the first step toward entering into a Joint Venture Agreement for pursuing real estate development opportunities in the Puerto Morelos area of the Yucatan Peninsula of Mexico with Labrador.
Labrador has successfully developed real estate projects in Mexico, specifically in Puerto Morelos which is considered to be the Mexican Riviera in the state of Quintana Roo. Nearly 10 million people visited the state of Quintana Roo each year, according to the Tourism Secretariat of Quintana Roo.
Labrador’s last project was 100% pre-sold prior to completing its construction. Labrador has several real estate projects identified in the Puerto Morelos area and seeks to join with NMEX to acquire, develop and market those project areas of interest. The intent of the Joint Venture arrangement between Labrador and NMEX is to join together to develop real estate projects in Mexico, specifically in the Puerto Morelos area.
Labrador is a significant shareholder of NMEX and its president is Victor Miranda, who also serves as the Company’s Chief Financial Officer.
Change in Officers
Roger Autrey regrettably resigned as Secretary of the Company due to family health issues. The Company’s board of Directors appointed Robert Campbell to serve as the corporate Secretary. The Company wants to acknowledge Mr. Autrey for his years of hard work and service and wish him all the best for his family. Mr. Campbell, is co-founder and CEO of Crowdvac, a software engineering firm with offices in the USA and Latin America. He studied international business at Thunderbird School Global Management.
Opening of New Corporate Office
The Company has relocated its corporate offices to Salt Lake City, Utah. The office is located at 10 West Broadway, Suite 700, Salt Lake City, Utah 84101. We are excited about operating NMEX from these new offices to manage the Company’s operations as well as it shareholder relations and communications.
About NMEX:
Northern Minerals & Exploration (“NMEX”) is an emerging publicly traded company focused on building income and value for its shareholders through oil and gas exploration & production in the United States, gold & silver exploration in northern Nevada and real estate development projects in Mexico.
For further information on NMEX please go to www.sec.gov or www.otcmarkets.com. The Company’s website is currently undergoing some changes and updating and is under construction.
Contact: Noel Schaefer
Phone: 801-251-6767
Email: cerronrs@msn.com
https://www.otcmarkets.com/stock/NMEX/news/story?e&id=1308646
Ronin_Trader
5 years ago
NEWS 12/10 - EnergyFunders & Northern Minerals & Exploration Enter into MOU to Jointly Pursue Oil & Gas Projects
QUITMAN, Texas, Dec. 10, 2018 (GLOBE NEWSWIRE) -- Northern Minerals & Exploration Ltd. (Stock Symbol: NMEX) is pleased to report that the Company has entered into an MOU with EnergyFunders to jointly participate in the exploration and development of oil and gas projects.
On November 30, 2018 NMEX and EnergyFunders entered into a Memorandum of Understanding (“MOU”) to set forth the terms and conditions to jointly operate and pursue oil & gas projects. It was mutually agreed to create EF NMEX 18, LP, in order to joint promote domestic oil and gas drilling projects.
EnergyFunders is a first of its kind Financial Technology platform providing direct energy investments to all levels of investors. Historically direct oil and gas investing is inefficient and antiquated. EnergyFunders digitalizes these investments adding project transparency and industry level of due diligence for all types of investors. EnergyFunders.com focuses on upstream conventional exploration drilling programs and has successfully funded over 22 projects since its inception.
NMEX is very pleased with its business relationship with EnergyFunders established in 2015 where EnergyFunders successfully funded a three-well rework and re-completion program on three wells owned by NMEX. NMEX is now pleased to be able to take this business relationship to the next level by jointly working on projects together.
The first project in which EnergyFunders and NMEX will participate is the drilling of a seismic structure in the Beauregard Parish of Louisiana, known as the Northside High Prospect. The target depth is 7,300 feet to test the Cockfield (Yegua) Sand. Notable wells in the area have produced more than 200,000 barrels of oil from a single well. Drilling of this well is scheduled to begin in January 2019. NMEX has agreed to acquire 16% working interest in this well.
Northern Minerals & Exploration (“NMEX”) is an emerging publicly traded company focused on building income and value for its shareholders through oil and gas exploration in the United States, gold exploration in northern Nevada and real estate development in Mexico.
For further information see the Company’s filings at www.otcmarkets.com or www.sec.gov
Contact:Ivan Webb
Phone: 903-967-3338
Email: ivan@nmex.us
https://www.otcmarkets.com/stock/NMEX/news/story?e&id=1240744
Ronin_Trader
5 years ago
11/17 News - Northern Minerals & Exploration Ltd. Shareholder Update
Press Release | 11/17/2016
Northern Minerals & Exploration Ltd. Shareholder Update
PR Newswire
CISCO, Texas, November 17, 2016
CISCO, Texas, November 17, 2016 /PRNewswire/ --
Northern Minerals & Exploration Ltd. (OTCQB: NMEX) ("Northern" or "NMEX")) is pleased to provide an update on its current oil and gas activities. Vice President, Ivan Webb, reports "we are moving forward with our plan to build cash flow from oil and gas in Central, Texas with re-establishing production on the Richey lease, the successful addition of two oil and gas leases and the successful farm-out for the establishment of additional oil and gas production from our leases". "Further the Company's new acquisitions are in areas known for large recoverable reserves of oil and gas with low production costs which provides an excellent model for building revenues".
The following provides more information on NMEX properties:
J.E. Richey Lease - Coleman County, Texas: The Concho Richey #1 was re-completed in July 2015 in the Gray formation coming in with an initial rate of production of 65 barrels of oil and 100 MCF of gas per day. This well is a direct offset to a well that has produced more than 69,000 barrels of oil and 180 million cubic feet of gas. Complications occurred earlier this summer with a casing leak in the well that caused production to cease. Successful repairs to the casing have been completed and the well is now back in production. Additional work is planned for the other two wells on the lease. NMEX owns a 25% working interest in the three wells on the lease. There are at least 4 additional drill locations for further development of the lease.
Olson Lease - Jones County, Texas: There is a large structural reef buildup across the acreage that has close similarities to the nearby Strand Oil Field. The Strand Oil Field is a Palo Pinto Reef Field that consists of 8 wells that have produced a total of 1,700,000 barrels of oil. NMEX holds a 100% of the working interest in this 160 acre Olson Lease. NMEX has identified a minimum of 8 drill locations on the lease.
Guy Ranch Lease, Shackelford County, Texas: The principal target formations on this 450 acre lease are the Morris and Patio Formations. The Morris Formation is known for high yield of cumulative gas production ranging from 700 Million cubic feet of gas to 1.4 Billion cubic feet of natural gas. A well in the Patio Formation came in with initial production of 140 barrels of oil and 56 MCF of gas on the Guy Ranch Lease.
Northern has farmed out a 20 acre tract out of the 450 acre Guy Ranch lease. This 20 acre tract has a cased well with the Morris Formation present (30' thick section) with similar characteristics as notable high yield productive Morris wells in the area. NMEX retained a 15% carried working interest in the re-completion of this well in the Morris Formation and retained a 100% working interest in the offset acreage consisting of 430 acres. Geological mapping is currently underway to prioritize drilling locations for both the Patio and Morris Formations on the lease.
Northern continues to evaluate additional low risk oil and gas opportunities for acquisition and development in Central Texas.to take advantage of the current oil price. It is our strong belief that low oil prices will not last with the present low in oil and gas exploration.
At present we are currently in discussions to acquire an interest in a 30 well production project, covering a total of 2,300 acre. This project also has at least 25 additional undrilled locations.
NMEX looks forward to providing its shareholders with further updates with developments on its current projects as well as any other oil and gas projects we acquire an interest in.
About Northern Minerals & Exploration Ltd. (NMEX)
Northern Minerals & Exploration Ltd. is a natural resource company focused building cash flow from oil and gas production in central Texas.
Attention is directed to the Company's website for additional information about each of the above properties.
Forward Looking Statements: Statements which are not historical facts contained in this release are forward looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," "seeking," and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward looking statements.The information herein is subject to change without notice. Northern Minerals & Exploration Ltd. shall not be liable for technical or editorial errors or omissions contained herein.
Contact: Northern Minerals & Exploration Ltd.
Email: info@northernmineralsexploration.com
Website: http://www.northernmineralsexploration.com
Phone: +1-903-967-3338
SOURCE Northern Minerals & Exploration Ltd
https://www.otcmarkets.com/stock/NMEX/news/Northern-Minerals--Exploration-Ltd-Shareholder-Update?id=145160
Ronin_Trader
5 years ago
Yeah they do. They still struggling to raise money for the wells.
Kathis Energy LLC – Wholly owned Subsidiary:
The Company created a wholly owned subsidiary, Kathis Energy LLC (“Kathis”), on November 22, 2017 for the purpose of conducting oil and gas drilling programs in Texas. The Company agreed to assign to Kathis the Olson and Guy Ranch leases in exchange for $126,500. Kathis is seeking to raise drilling funds to drill up to 8 wells. As of July 31, 2018, Kathis has raised $125,000 and is continuing to seek funding for its drilling program. As of the date of this report no wells have been drilled. Kathis has additional information regarding its drilling program on its website www.kathisenergy.com See Item 2 Properties for additional information
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