MIRAGE ENERGY CORPORATION (OTCMKTS:MRGE) Files An 8-K Other Events

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MIRAGE ENERGY CORPORATION (OTCMKTS:MRGE) Files An 8-K Other Events
Item 8.01 Other Events

The MSA requires that the Company publicly disclose the nature of the MSA in its periodic reports. The term of the agreement is three months. The Company has agreed to pay the consultant $50,000 monthly for the term of the agreement. Additionally, the consultant will be granted 250,000 3-Year common stock purchase warrants exercisable at $1.25 per share.

The Company believes that the foregoing financial and other services will greatly benefit its business financing plans which include, but are not limited, to the following:

MIRAGE ENERGY CORPORATION owns WPF Mexico Pipelines S. de R.L. de C.V, CENOTE ENERGY S. de R.L. de C.V. and WPF TRANSMISSION, INC. These subsidiary companies are in the process of preparing to file permits to develop an integrated project consisting of a pipeline and natural gas storage project.

WPF MEXICO PIPELINES is in the process of preparing to file permits to build 235 miles of 36” pipelines capable of transporting one BCF of natural gas into the country of Mexico off two separate bidirectional pipelines (PROGRESSO & ARGUELLES with two international pipeline crossings from Texas into Mexico with capability of delivering 500 MMCF per day each.

WPF TRANSPORTATION, INC. is in the process of preparing to file permits to build 103 miles of 36” of pipelines (THE CONCHO LINE) from Progresso north into Texas to deliver natural gas into Mexico. Which includes two international pipeline crossing with Presidential Permits. One at Progresso and one at Arguelles.

CENOTE ENERGY S. de R.L. de C.V. is in the process of preparing to file permits to build the very first underground natural gas storage facility in the country of Mexico with the capacity to ultimately store 700 BCF +- of natural gas with 70,000 HP of compression facilities. Phase I consists of 12 BCF of cushion gas with 52 BCF of working gas with 3 turns a year. Injection rates into storage will be approximately 700MMCF per day with extraction rates of approximately 600 MMCF per day. Every year volume and cushion gas will be increased until reservoir is fully developed to 700 BCF of gas in storage.