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Tomco Energy Share Price (TOM)

Share Name Share Symbol Market Type Share ISIN Share Description
Tomco Energy LSE:TOM London Ordinary Share GB0031782278 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.16p 0.14p 0.18p - - - 0 15:07:51
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) RN NRN
Oil & Gas Producers 0.0 -0.7 -0.0 - 3.32

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Tomco Energy (TOM) Discussions and Chat

Tomco Energy Forums and Chat

Date Time Title Posts
05/2/201610:02TOMCO at last a moderated thread 1,172
31/12/201518:04TOMCO - THE OIL SHALE MINING Co.10,308
31/12/201517:30TomCo Energy PLC.3,005
21/9/201521:15AN OPEN TOM PLC where you will never banned or filtered9,112
19/9/201500:26TomCo Energy - At the Vanguard of a US Oil Shale Industry?26,478

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Tomco Energy (TOM) Top Chat Posts

DateSubject
02/10/2014
03:20
skiboy10: Not going to defend Paul Rakine [who has just moved to some where hot] or indeed Miikka Haromo but this placing should have been done at a much higher price of at least double the actual placing price some months ago. To wait to the last minute smacks of poor decision making. Whilst PR is a mining guy there are no excuses especially as MH used to work in the City at Williams de Broe with Chris Brown when he was a mining analyst prior to setting up as co founder London Mining. Anyway it is what is and all the big shareholders have indeed filled their boots again with additional TOM stock in the placing. Remember this is AIM and can be a bit like the Wild West... Whilst the directors have taken stock we must remember that PR is Altima's representative on the board with both MH and Sir NB being Chris Brown's representatives so perhaps we should not expect too much from them in this regard? Also no one appears to have questioned the role of the new nomad and broker Shore Capital in this fiasco? You have to say that it does not reflect well on them as clearly there were leaks in the market place. At least the placing RNS confirmed my last post that nothing had changed and that everything is still on track. Having said that the TOM share price might drift a bit from here to the placing price or even a tad lower but when the real action starts the TOM share price will absolutely rocket. The directors on behalf of the large shareholders they represent backed by the projects NPV plus the deal that TOTAL did with Red Leaf Resources see a take out price in double digits. PR, MH and Sir NB have a take out price for TOM of 15p which would represent a 30X Bagger from the placing price. Still long and will wait it out.
20/7/2015
20:15
liquid millionaire: BB's attract a lots of "merchant bankers" so it is best to [as increasingly happens any way] to discuss TOM matters off the BB's on private forums. This might be worth considering amongst the TOM LTH's in light of recent developments which whilst generally extremely positive need to produce the right out come for all concerned. The right outcome even with all the dilution is still likely to be imho a TOM share price of 5p+
20/7/2015
20:50
liquid millionaire: If however things do not go our way [better discussed off the BB's] then we must [and there are quite a few large shareholders amongst us] be prepared to take action by mustering 10%+ and calling a GM to remove all directors [yes get that dirty laundrey out in public] and force the agenda for the benefit of all TOM shareholders. Obviously i really hope that it does NOT come to this and that the new directors with the support of the two largest shareholders can get us back the 95%+ destruction of the TOM share price by p*ss poor management and really sh*t placings.
21/7/2015
08:05
liquid millionaire: Hopefully as i stated last night these new directors are indeed going to act independently and therefore for the benefit of all TOM shareholders. Fingers crossed for the special board meeting early next month and that this will be the start of a serious revival for the TOM share price to 5p+
03/9/2013
18:48
ebomber: It is disappointing this alternative opinion is not counted with a reasoned response to the contrary. Maybe this innocent observation has hit a raw nerve; a scenario that could well happen. Equally the market may well consider the price does not reflect the predicted news and the share price will increase. I am not in that camp. Post 9050 copied below that appears to have attracted such a strong "off-topic" response. "It appears the pending permit issue is already reflected in the TOM price. Like all stock on the news sell. Struggling to understand how TOM share price will increase on this predicted RNS."
25/6/2014
10:12
ebomber: Thank you Spec7 (post 582) and freedom97 (post 583) for clarification and an alternative point of view on what is currently reflected in the share price. The next 10 trading days will be interesting to observe ........ how the share price moves to reflect any anticipated news. Spec7 17 Jun'14 - 13:41 - 582 of 616 0 0 I am suggesting the share price has run at an average of 1.5p for the last 3 years and i don't see that changing with licences. I do suspect that there will be an offer of some kind before the capsule test are complete as i think it will be obvious to Total quite early on if the capsule will work and more to the point if its financially viable. I dont expect an offer anywhere near what people are banding about and i dont think the market is either judging by the lack of interest here. I think 5-6x current share price is poss but i don't see a bidding war for these leases unless they adjoin other viable leases. That said i 'm not worried because 8p would be more than welcome. freedom97 17 Jun'14 - 15:23 - 583 of 616 3 0 What do you think caused the share price to rally to over 3p a couple years ago, which was well before Redleaf even got its permits and at the time we all knew it was years away from producing any oil. Now we are very close to Red Leaf producing its 1st commercial oil and Tomco about to get its permits which is imo very important and will generate refreshed interest in Tomco when news is released to say they have been granted the permits. I would be amazed if the announcement that TOMCO has got the permits doesn't get many new investors onboard. I totally disagree with eBomber who now says, already priced in the share price Obviously he was one of the ones that he says has reduced their holding. Why wait all this time to sell now when the share price is very low when they had many opportunities to sell when share price much higher.
03/9/2013
12:13
ebomber: It appears the pending permit issue is already reflected in the TOM price. Like all stock on the news sell. Struggling to understand how TOM share price will increase on this predicted RNS.
29/5/2014
09:09
ebomber: View from the top: TomCo Energy interview By Harriet Mann | May 2014 AIM-listed TomCo Energy (TOM) has five blocks in the Utah's Green River Formation, which is known to have the largest oil shale deposits in the world. Thanks to its partnership with private company Red Leaf Resources, it is using new technology to access the oil shale in one of these areas, the Holliday Block. The Mahogany zone lies within this 1,200 acre block, which is the richest oil shale layer in the formation, with a JORC Measured Reserve of 126 million barrels of oil. Chief executive Paul Rankine has 30 years of experience in the mining industry, with half spent managing mining companies and the other half as a fund manager at JPMorgan Investment Management and CitiGroup Investment Management. Over the last 12 months, TomCo's share price has gone from lows of 0.95p to highs of 1.775p. Valuing the company at £24.1 million, TomCo was down over 2% at 1.288p on Wednesday, with a spread of 0.24p. Rankine spoke to Interactive Investor about how oil shale differs from conventional oils, the new extraction technology it is using and why it could soon be taken over by energy major Total. What do you hold in your portfolio? Paul Rankine: In the Green River Formation there is 1.5 trillion barrels of oil and only one licence that has been issued. The latest BP survey of global oil calculates conventional oil at 1.7 trillion barrels. As soon as this [the Green River Formation] is commercialised it doubles the amount of known oil and it will really shift the dynamics in the US. We have got one major asset in the Green River formation, the Holliday Block with 126 million barrels in it. It is only 64 foot deep, so it is pretty much at surface. The Holliday Block is the interesting one, the other blocks have the land rights but TomCo probably won't do too much in terms of developing them. What is oil shale and how is it different from shale oil? PR: Most conventional oils are 65 million years old, but our oil shale is an immature oil that is only 23 million years old. As it's shallow it needs to be mined to provide temperature, pressure, or both, to extract the oil. Compared to oil shale, shale oil and shale gas is in tight formations and needs fracking to liberate it, whereas we need to heat it to be able to liberate the oil. The big advantage is that it doesn't have any of the heavy fractions of oil, any of the tars etc. When you compare it to normal WTI [West Texas Intermediate benchmark], it is 32 - 34 API, so a very light, sweet crude. The only other difference is that instead of having sulphur, it has nitrogen, so you have an ammonia stripper in the oil processing plant. Is extracting oil shale more expensive than conventional oil? PR: Not really, the technology we are using has a low capex (capital expenditure) cost for the 10,000 barrels per day operation. It costs $263 million ]£156 million] and we will have an operating cost of $37.4 per barrel. As long as oil prices are relatively high, this is perfectly acceptable and you get a very nice margin. We produce a WTI equivalent so with WTI currently at $100 a barrel, we will be making a very nice margin. And cash flow break-even is $50 when we have paid all the royalties etc. Why are you using Red Leaf's EcoShale technology for extraction? PR: We are the only oil shale developer that has ever been licenced to produce oil shale as Red Leaf is a private company funded by Total [80% of the first $400 million spent to commercially develop Red Leaf's Utah assets for a 50% interest]. Oil shale has been developed and used for producing oil since the late 1800s by using giant cement kilns to heat up the oil shale to sweat out the oil. Being in the middle of a desert [in Utah], you can't get sufficient water to do the quenching; hence the conventional techniques aren't available. Red Leaf has the cost of proving the technology, they give us the final design of everything and we come into production a lot cheaper. Effectively it is costing them 100 times more than us over that period. We don't pay Red Leaf a penny until we are in production, so they have got a serious incentive to get us there. How does the technology work? PR: You deposit the shale into a play lined capsule, put material on top of play and build it up as you build the capsule. Pipes are put into the oil shale which blows hot air into the bottom, warming up the oil shale to sweat out the oil. The capsule is used once and you rehabilitate on top of the capsule. Each one is about six football pitches, so effectively we could build 120 of these capsules. By firing three capsules at any one period of time, we have got 10,000 barrels per day right through our 19 year life. EcoShale has been developed by Red Leaf, Total saw how valuable it was and is providing 80% of the cash for development. We will be paying Red Leaf a royalty of 6%. Our net present value (NPV) at 10% is $452 million. If a major like Total were to buy us out and paid NPV 10% that is 10 times our current share price. Would you be open to a take-over and is one on the cards? PR: If the shareholders are offered 10 times the entrance into the company as an exit, it is very unlikely that my shareholders would say "no we want to produce it our self". When Total invested in Red Leaf it was 80% of its research and development budget. Once Total commits to a final investment decision to go fully commercial, it moves from being a research and development project to exploration and production (E&P). So it moves from being a big fish in a small pond, to being a minnow in an ocean. Total has stated its objective of getting at least 50,000 barrels a day out of EcoShale technology when it becomes part of their E&P. Currently they would have 5,000; half of Red Leaf and they would need to buy the other half. We would be the only other player in town with all the permits. So the likelihood they would knock on our door saying we want to take you out is very high. When do you expect to get permit approval? PS: We have two permits, the Large Mine Operation Permit, from the Utah Department of Oil, Gas and Mining and our Ground Water Discharge Permit from the Utah Division of Water Quality. We expect both of those to be issued for public comment mid-way through this year, with both permits in issued form half way through the autumn of this year. What are the strengths of your company? PR: We have the ability to raise sufficient cash to see us through to the final investment decision by Total. We will have all the permits in place so we would really be a turn-key project for a major like Total. We have $5 million of Red Leaf stock [strategically invested by TomCo as part of Red Leaf's $100 million finance], which is non-core so we fully intend to liquidate that facility to provide the $2.2 million [burn rate] we need. What challenges do you see over the next 12 months? PR: The biggest challenge is making sure we have sufficient cash to tide us through and liquidate Red Leafs' shareholding. Because it is a private company I can't say "sell a million dollars of Red Leaf today please". It is raising sufficient cash to have all the permits in place and be in a stable position to be taken out. Apart from $5 million, we have a liquidity facility from our broker so we don't dilute our current shareholders. Those two means would see us through Total's final decision. We would not need to raise the $263 million because a major is almost certain to be doing that investment. Your share price was down 2% at the time of speaking. Why do you think this is? PR: Our share price fluctuates like crazy, anywhere from 1.70p down to 1.30p, it is very liquid. What news flow should investors expect from you? PR: The main news flow will be the issuing of our permits for public consultation and the final approval of the permits. From Red Leaf it will be the commencement of the construction of the commercial scale capsule in July, the completion of the construction, the firing of the capsule and the production of their first oil. So the first oil is going to be produced in the last two quarters of next year. Do you have a message for shareholders and prospective shareholders? PR: There is a big de-risking over the next 18 months, so for that time horizon you have got a chance of getting a 10-fold increase in the share price and is definitely a stock to look at. Conrad R. Harrington Tavistock Communications 131 Finsbury Pavement London, EC2A 1NT
22/5/2014
21:37
cheshire2: View from the top: TomCo Energy interview By Harriet Mann | Thu, 22nd May 2014 - 15:42 AIM-listed TomCo Energy (TOM) has five blocks in the Utah's Green River Formation, which is known to have the largest oil shale deposits in the world. Thanks to its partnership with private company Red Leaf Resources, it is using new technology to access the oil shale in one of these areas, the Holliday Block. The Mahogany zone lies within this 1,200 acre block, which is the richest oil shale layer in the formation, with a JORC Measured Reserve of 126 million barrels of oil. Chief executive Paul Rankine has 30 years of experience in the mining industry, with half spent managing mining companies and the other half as a fund manager at JPMorgan Investment Management and CitiGroup Investment Management. Over the last 12 months, TomCo's share price has gone from lows of 0.95p to highs of 1.775p. Valuing the company at £24.1 million, TomCo was down over 2% at 1.288p on Wednesday, with a spread of 0.24p. Rankine spoke to Interactive Investor about how oil shale differs from conventional oils, the new extraction technology it is using and why it could soon be taken over by energy major Total. What do you hold in your portfolio? Paul Rankine: In the Green River Formation there is 1.5 trillion barrels of oil and only one licence that has been issued. The latest BP survey of global oil calculates conventional oil at 1.7 trillion barrels. As soon as this [the Green River Formation] is commercialised it doubles the amount of known oil and it will really shift the dynamics in the US. We have got one major asset in the Green River formation, the Holliday Block with 126 million barrels in it. It is only 64 foot deep, so it is pretty much at surface. The Holliday Block is the interesting one, the other blocks have the land rights but TomCo probably won't do too much in terms of developing them. What is oil shale and how is it different from shale oil? PR: Most conventional oils are 65 million years old, but our oil shale is an immature oil that is only 23 million years old. As it's shallow it needs to be mined to provide temperature, pressure, or both, to extract the oil. Compared to oil shale, shale oil and shale gas is in tight formations and needs fracking to liberate it, whereas we need to heat it to be able to liberate the oil. The big advantage is that it doesn't have any of the heavy fractions of oil, any of the tars etc. When you compare it to normal WTI [West Texas Intermediate benchmark], it is 32 - 34 API, so a very light, sweet crude. The only other difference is that instead of having sulphur, it has nitrogen, so you have an ammonia stripper in the oil processing plant. Is extracting oil shale more expensive than conventional oil? PR: Not really, the technology we are using has a low capex (capital expenditure) cost for the 10,000 barrels per day operation. It costs $263 million ]£156 million] and we will have an operating cost of $37.4 per barrel. As long as oil prices are relatively high, this is perfectly acceptable and you get a very nice margin. We produce a WTI equivalent so with WTI currently at $100 a barrel, we will be making a very nice margin. And cash flow break-even is $50 when we have paid all the royalties etc. Why are you using Red Leaf's EcoShale technology for extraction? PR: We are the only oil shale developer that has ever been licenced to produce oil shale as Red Leaf is a private company funded by Total [80% of the first $400 million spent to commercially develop Red Leaf's Utah assets for a 50% interest]. Oil shale has been developed and used for producing oil since the late 1800s by using giant cement kilns to heat up the oil shale to sweat out the oil. Being in the middle of a desert [in Utah], you can't get sufficient water to do the quenching; hence the conventional techniques aren't available. Red Leaf has the cost of proving the technology, they give us the final design of everything and we come into production a lot cheaper. Effectively it is costing them 100 times more than us over that period. We don't pay Red Leaf a penny until we are in production, so they have got a serious incentive to get us there. How does the technology work? PR: You deposit the shale into a play lined capsule, put material on top of play and build it up as you build the capsule. Pipes are put into the oil shale which blows hot air into the bottom, warming up the oil shale to sweat out the oil. The capsule is used once and you rehabilitate on top of the capsule. Each one is about six football pitches, so effectively we could build 120 of these capsules. By firing three capsules at any one period of time, we have got 10,000 barrels per day right through our 19 year life. EcoShale has been developed by Red Leaf, Total saw how valuable it was and is providing 80% of the cash for development. We will be paying Red Leaf a royalty of 6%. Our net present value (NPV) at 10% is $452 million. If a major like Total were to buy us out and paid NPV 10% that is 10 times our current share price. Would you be open to a take-over and is one on the cards? PR: If the shareholders are offered 10 times the entrance into the company as an exit, it is very unlikely that my shareholders would say "no we want to produce it our self". When Total invested in Red Leaf it was 80% of its research and development budget. Once Total commits to a final investment decision to go fully commercial, it moves from being a research and development project to exploration and production (E&P). So it moves from being a big fish in a small pond, to being a minnow in an ocean. Total has stated its objective of getting at least 50,000 barrels a day out of EcoShale technology when it becomes part of their E&P. Currently they would have 5,000; half of Red Leaf and they would need to buy the other half. We would be the only other player in town with all the permits. So the likelihood they would knock on our door saying we want to take you out is very high. When do you expect to get permit approval? PS: We have two permits, the Large Mine Operation Permit, from the Utah Department of Oil, Gas and Mining and our Ground Water Discharge Permit from the Utah Division of Water Quality. We expect both of those to be issued for public comment mid-way through this year, with both permits in issued form half way through the autumn of this year. What are the strengths of your company? PR: We have the ability to raise sufficient cash to see us through to the final investment decision by Total. We will have all the permits in place so we would really be a turn-key project for a major like Total. We have $5 million of Red Leaf stock [strategically invested by TomCo as part of Red Leaf's $100 million finance], which is non-core so we fully intend to liquidate that facility to provide the $2.2 million [burn rate] we need. What challenges do you see over the next 12 months? PR: The biggest challenge is making sure we have sufficient cash to tide us through and liquidate Red Leafs' shareholding. Because it is a private company I can't say "sell a million dollars of Red Leaf today please". It is raising sufficient cash to have all the permits in place and be in a stable position to be taken out. Apart from $5 million, we have a liquidity facility from our broker so we don't dilute our current shareholders. Those two means would see us through Total's final decision. We would not need to raise the $263 million because a major is almost certain to be doing that investment. Your share price was down 2% at the time of speaking. Why do you think this is? PR: Our share price fluctuates like crazy, anywhere from 1.70p down to 1.30p, it is very liquid. What news flow should investors expect from you? PR: The main news flow will be the issuing of our permits for public consultation and the final approval of the permits. From Red Leaf it will be the commencement of the construction of the commercial scale capsule in July, the completion of the construction, the firing of the capsule and the production of their first oil. So the first oil is going to be produced in the last two quarters of next year. Do you have a message for shareholders and prospective shareholders? PR: There is a big de-risking over the next 18 months, so for that time horizon you have got a chance of getting a 10-fold increase in the share price and is definitely a stock to look at.
06/3/2013
07:19
rajstar: on another note, some here mentioned yesterday that the million placing bought by someone have shown confidence with their cash. Not really, a placing is usually written by the buyer at a set price. e.g when TOM share price was at 1.81p, a investor or insti would have shorted the share price upto a million in cash and arranged with TOM to buy it back at the placing at a price of e.g 1p. So they make 0.81p profit from this strategy and have bought it back at 1p. In theory they have just paid 200k for their million. If the price goes back to 2p, they will drip feed it back. Common strategy on the stock market by the forces in charge.

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