Texas Oil & Gas E&P | Nevada Gold Exploration | Caribbean Resort Development in Mexico
Northern Minerals & Exploration Ltd. (“NMEX” or the “Company”) is an emerging real estate & exploration company focused on both domestic and international exploration and developmental projects.
The Company is currently dedicated to building cash flow from the following projects below:
Oil & Gas E&P projects in Texas (Drilling wells in proven, but overlooked oil fields)
· Drill 12 PUD locations in Permian Basin (Eastern Shelf)
· Drill 3 wells in “look-a-like” structure to a field that has produced 1,700,000 bbls from 8 wells.
· Drill 1 well in a direct offset between 2 wells with IP140 BOPD & 1.4 BCF gas
· Drill 6 wells in pre-maturely abandoned oil field with remaining oil reserves of approx. 4 – 5 million bbls
Caribbean Resort Development in Mexico
NMEX has entered into a Letter of Intent (LOI) to further pursue the possible acquisition and development of approximately 33.5 hectares (82.74 acres) on the Caribbean Coast in the state of Quintana Roo. Quintana Roo, is often referred to as “The Mexican Caribbean” with a shoreline along the Caribbean that has grown in just a few decades into a major tourism destination. It includes world-class resorts built specifically for the Yanqui/Euro tropical vacation business, small communities with a more local Maya-Mexicano character, and fascinating ancient Maya archaeological sites. Nearly 10 million people visited the state of Quintana Roo last year, according to the Tourism Secretariat of Quintana Roo (SEDETUR). The Property is a part of the Riviera Maya & is located near the recently discovered Ichkabal Mayan ruins and is situated on the Caribbean coast of the Yucatan Peninsula. NMEX considers the Property to have excellent potential for resort development.
The Winnemucca property consists of 208 unpatented claims which are all in good standing on approximately 4000 acres. The Winnemucca property is an excellent exploration property. A third party engineering report believes there is possible potential of over 400,000 ounces of gold and 4 Million ounces of silver.
NMEX attends the Family Office Summit in Houston
The Family Office Energy Summit is the only family office conference dedicated exclusively to energy ranging from natural gas and oil royalties to wind farms and solar investments.
The Attendees included: Pension funds, endowment funds, single and multi-family offices, high-net-worth individuals, energy operators, oil and gas investors, renewable energy companies, hedge funds, private equity sponsors, and other energy industry participants.