Tomco Energy Share Discussion Threads

[lopodop] 11/12/2022 18:39

TD
DO YOU MEAN MISINFORMATION?

[lopodop] 11/12/2022 18:30

Vauch and others
For heaven's sake you are shareholders - Groat and the others are NOT. EMAIL THEM OR TELEPHONE THEM - contact information is on line if you use your brains. DEMAND to know what is going on with your company. Be quick as Groat will be going off to his offshore pad for Christmas.
One of the problems has been sheer apathy shown by shareholders - the Board has treated you like a bunch of simple minded folk for too long.

[the diddymen] 11/12/2022 18:24

Fenners I suspect like you I have constant concerns that Reichsmart has information which gives him an unparalleled position to start rumours and make money while the DF's of this world are shafted.

Eh Reichy.

#shafted

[vauch] 11/12/2022 15:37

All speculation, we know nothing and we will be kept in the dark until Tomco want us to know.
We have more twist that the Amazon river,

[talais] 11/12/2022 15:24

So valkor gave up 50% of greenfield to gain 29% shares if they secure funding for the POSH build only, so they have no tie's to the 320 acres lease, there seems to have been a lot of work done on this lease, I guess valkor have been paying for it, in the last rns they said they are looking at giving up a present of greenfield , could that be valkor,

[rmart] 11/12/2022 15:10

this is worth a read. Interestingly the D tract is 320 acres. The same size as the greenfield lease. So it is only reasonable to assume this is our lease area.

There are 25million barrels of bitumen on this lease. Section 4-27.

[fenners66] 11/12/2022 13:25

rmart appears again when the share price reaches the bottom , with doubt about financing....

only to suddenly rediscover another option for a business ....

what a coincidence..

Now a week or more of ramping to follow, pending the "known" end of the year announcement which TOM has to make.

True to form , it will be spun as "potentially " having good news so all the gamblers can stay in or try again at the new lower price...

The narrative which has kept this basket case going so long will be regurgitated - this time with plan "P " or whatever letter of the alphabet they are up to by now ....

Like buying lottery tickets,it could be you, except this is supposed to be investing not gambling..

Before the inevitable , postponement together with a carrot of maybe better news to follow and the caveat of "inter alia nothing may come of it"

So as I asked straight at the start of this , what happens when they cannot afford the 90%?
There was a list of questions to be asked at the AGM - all the pertinent questions were ignored - the gamblers with fingers in their ears didn't ask that one.

[goulding1215] 11/12/2022 11:54

Well done JP.

[lukeisbackontrack] 11/12/2022 11:03

In Rmart we Trust

[rmart] 11/12/2022 10:37

Yes, it is in the rns. It seems to be a good bit of protection business by tomco.

[talais] 11/12/2022 09:51

I totally missed that, I thought this leases was part of the total, but as below is totally separate to the tar sands 2 lease, if correct things aren't looking to bad, is this correct.

[rmart] 10/12/2022 21:46

CHESHIRE2,

I had forgotten about that lease. This means we could actually just move forward and drill the wells without buying the90% and just pay the royalties. Could that turn out to be the better option?

If each well produces 100 bopd and only costs $100k to drill then with the recent fundraise they will have the cash.

This also takes away the possibility of someone else buying the land as the lease would still be valid.

[lopodop] 10/12/2022 20:00

George Lincoln
Some here are investors not scroungers! They have been misled and tricked!

[the diddymen] 10/12/2022 17:37

Fenners the irony is that some unnamed party may take a large % in Greenfield. Why not let the whole card castle collapse and pick up the pieces from the administrator, and/or the landlord. The latter will be grateful for any offer for the TSHII land.

As ever the RNS does not stack up.

[lopodop] 10/12/2022 16:11

AC11
The section about Potter brought up serious questions but these were dismissed by RMART and others.
The non execs appear to have been taken in by Potter when it was their job to protect investors not encourage them to hang in, with considerable benefit for themselves. Even now they take monthly salaries for what? And stand idly buy while investors lose more and more.
Then there is good old DAMAC who seems to be an authority on TOM and some may find his involvement curious.
If Groat has any professional sense he will call time on TOM before Christmas and investors can then look to try to recover some of their monies subject to legal process.

[cheshire2] 10/12/2022 15:42

from the november 21 rns

Alongside the acquisition of the initial 10% of the Membership Interests, a newly incorporated subsidiary of Greenfield has been granted a lease over approximately 320 acres of the 760 acre site owned by TSHII (the "Lease Area"), for a nominal consideration and annual rental of US$320, together with a 12% of net sales royalty per barrel of conventional oil, gas or sulphur produced and removed from the Lease Area.

The lease provides Greenfield's subsidiary with the exclusive right to explore, drill, and mine for, and extract, store, and remove oil, gas, hydrocarbons, and other associated substances on and from the Lease Area, together, inter alia, with the right to erect, construct and use such plant and equipment and infrastructure as required. The lease is for an initial term of 10 years and will continue thereafter for so long as any oil, gas or other hydrocarbons are being produced from the Lease Area or drilling operations are being prosecuted or as the parties may agree.

So i assume TSHII will just add another 1m onto the price for the 90% as they did the last time.

[lopodop] 10/12/2022 13:35

Fenners66
Tom has a bag of soft investors
who have been‘taken in’. Just what boards like and of course at the end of the day they think they can play arrogant sympathy cards.
But in this case it will not be so simple…

[fenners66] 10/12/2022 12:55

TD that would not surprise me

What have TOM got?
Some RF /Turboshale tech that has been left on the shelf for years as its failed.
A 28% loan they cannot pay to buy a 10% deposit on very expensive land.
A subsid that has a license to use an unproven expensive tech that the owner of says will need at least $18m to try and make commercial.
Massive cumulated losses on the balance sheet.
An all time low share price - which makes it even more difficult to raise funds.
No technical expertise.
No drills
No current business....

This is not an investment.

[lopodop] 10/12/2022 12:52

TD
If one has no business, imagination and creativity can help to create illusions of a business. Lots of good examples come to mind;
even the players themselves believe it - they have to. Setting up distractions is another good ploy and it seems to work here.

[bountyfull] 10/12/2022 12:00

The extension of the warrants are a nod to (previous) funders to help keep them happy and with an eye to raising more cash easily. The price will have to get to c1.2p to get them away but it was pleasing to see it was done. The thing that jumps off the page for me is Valkor's agreement to their $1m loan, which smacks of confidence of something happening.