Tomco Energy Share Discussion Threads

[vauch] 24/4/2024 16:35

Not Tomco they cant afford a drill, it was water only at last AGM

[talais] 24/4/2024 15:17

The Company is also announcing the commencement of drilling activities on the Asphalt Ridge project in Uintah County, UT. A rig is scheduled to be on site this Sunday, and to drill and complete the Company's first well on this asset in the next two weeks. Drilling results are expected to be readily available shortly after the well is drilled to a total estimated depth of 1,200 feet. The project targets a highly promising heavy-oil tar sand field that is expected to be densely developed at scale, with as low as 2.5 acre spacing for future wells. Through existing working interests and option agreements, the Company has the ability to take up to a 20% working interest in this project."These are positive next milestones for our Company," commented Michael Peterson, CEO of Trio Petroleum Corp. "It is very encouraging to see these next steps happen in the transition from the exploration and de-risking of these promising oil and gas assets into potentially scalable cash-flowing resources. We look forward to providing further updates as we drill our first well on the Asphalt Ridge Asset and restart production on additional wells and selling of oil produced from both the McCool Ranch and Presidents Fields in the months ahead."

[the diddymen] 24/4/2024 10:37

Small beer but a couple of sensible sellers this morning.

[sd88] 23/4/2024 15:11

It only becomes a waste in hindsight.

[the diddymen] 23/4/2024 07:29

Morning Mixi! No they are just gamblers with deeper pockets and they will get burnt by the narrative like you and others.

W-7 by the way.

"goulding121522 Apr '24 - 18:19 - 31365 of 31366
0 0 0
I think that Rmart is on to something here. How long before anything leaks out that will be relevant? Gla"

[pjl4] 22/4/2024 23:12

Have not looked in for years - surprised to see up to date post to be honest. Might this come good. Anything better than nothing. Carrying big losses here, lol.

[goulding1215] 22/4/2024 18:19

I think that Rmart is on to something here. How long before anything leaks out that will be relevant? Gla

[fenners66] 22/4/2024 11:04

rmart
22 Apr '24 - 08:19 - 31363 of 31364

"So, the 2 new large holders have bought in for almost £1m so far.
I don’t care how wealthy you are you don’t waste a million quid."


So your implication is that anyone who gambles £1m cannot get it wrong....

Fine all millionaires will inevitably become billionaires etc

That is clearly not true. Its either stupid and naive or used as a desperate perhaps insidious tactic to influence those whom follow your thread and whom are not allowed to be exposed to "realistic " opinion. Join the dots.

What evidence springs to mind to support my contention ..?

The relatively wealthy Mike Ashley -bought £100m of shares in Debenhams - after strangely , myself and others on ADVFN discussed the precarious state of Debenhams finances and whether they were investable. (if only he had read the thread - it was not censored for positive only posts )

He lost the lot. £100m down the toilet - so a mere £1m ... peanuts.

[the diddymen] 22/4/2024 09:20

Reichy only a weekend separates your posts. If you are correct and they have spent £1m on their acquisitions, then at a market cap of £1.3m, their shares are now worth just under £260k.

Their decision taking has a real quality to it, but surely this is an opportunity for you to demonstrate leadership and fill your boots, but just in case you did not read the last set of accounts it contained this sentence:

"As stated in Note 2.3, these events or conditions, indicate that a material uncertainty exists that may cast significant doubt on the Group's ability to continue as a going concern."

My estimate is that TOM have seven weeks before ground zero unless the Jones and/or Mathias cavalry turn up again


rmart22 Apr '24 - 08:19 - 31363 of 31364
0 0 0
So, the 2 new large holders have bought in for almost £1m so far.

I don’t care how wealthy you are you don’t waste a million quid.


rmart18 Apr '24 - 15:00 - 31358 of 31364
0 5 0
Our 2 largest business connected shareholders now hold almost 20%

Matt Jones - 537,033,065 - 13.76%
J Mathias - 223,162,222 - 5.72%

[talais] 22/4/2024 08:20

Why that trade showing as a sell.

[rmart] 22/4/2024 08:19

So, the 2 new large holders have bought in for almost £1m so far.

I don’t care how wealthy you are you don’t waste a million quid.

[the diddymen] 22/4/2024 07:15

The estimated start of W-7 until TOM runs out of existing cash.

[talais] 19/4/2024 08:06

Something positive happening,

[haggismchaggis] 19/4/2024 07:51

See the Quadrise announcement today regarding Valkor funding and drilling next week. This should bode well (LOL!) for TOM getting it's funding, as it will prove up the oil.

[rmart] 19/4/2024 07:50

Valkor funding completed, tomco next ?

[fenners66] 18/4/2024 21:20

"BungeeTrader
18 Apr '24 - 17:28 - 31359 of 31359
I hope to hell that they know more than the current share price is telling us......."

They may think they do.
But I guess so did the guy at Reform Energy that JP managed to sweet talk into losing a packet.
Even the wording from their accounts was very very similar as this POS.

[bungeetrader] 18/4/2024 17:28

I hope to hell that they know more than the current share price is telling us.......

[1dutchman] 18/4/2024 15:51

The other thread reports Matt Jones and Jon Mathias together holding almost 20%. Both directors at Vale Consultancy (Structural Engineers)in Wales as reported on the LSE thread.
hxxps://www.linkedin.com/in/matt-jones-92162923/
hxxps://www.linkedin.com/in/jon-mathias-57a64923/
Jones also follows the Salt Lake City Tribune, which adds credibility to the Utah interest. He also follows Quadrise (surprise, surprise). Jones apparently hasn't added to holdings lately (or not yet reported) but his colleague has picked up 5% at these low prices. The gamblers might hope that this dynamic duo have alternative plans, now that they effectively control the board. But the interest in Quadrise must squelch that hope as we know that plans for getting oil out of the ground in Vernal is a distant prospect. Curiouser and curiouser.

[rmart] 18/4/2024 15:00

Our 2 largest business connected shareholders now hold almost 20%

Matt Jones - 537,033,065 - 13.76%
J Mathias - 223,162,222 - 5.72%

[the diddymen] 18/4/2024 14:42

Fenners, another company which some members of the other thread were involved with was CICC. Not the bona fide Chinese CICC. The company was delisted some years back. Most of the assets appear to have disappeared or never existed. It is not even clear that CICC have a shareholder register. Shareholders have been left in limbo and I suspect are unable to crystalise CGT losses.

The difference with TOM is that the most likely scenario is insolvency within the next couple of months, and that will at least generate CGT losses. The highly unlikely alternative option is a placing which will obliterate existing shareholders.

TOM is only marginally better than CICC.

[fenners66] 18/4/2024 13:10

How much money did TOM pay to Petroteq directly or indirectly to use CORT?

PQE is now delisted and their website's latest reported financial results are 2 years old.
Seems they do not believe they have any obligations to share holders now...

Now are the gamblers fans of the Who ?

Won't get fooled again ?

[the diddymen] 17/4/2024 10:27

.....not that they do trading in their narrative!

[1dutchman] 17/4/2024 09:33

How long do we estimate before the cupboards are bare? We know from the last raise that much was used to pay overdue bills (and salaries) rather than be available for forward spending. If they take it to the edge again this time, is there likely to be exposure for the Board?

[the diddymen] 16/4/2024 11:00

Fenners the current trading pattern is not normal. We know that they are into W-8 before they have to have cash for survival. My punt is that we are seeing the last attempt by the broker to generate activity to price a placing, but as you point out if there are no buyers, you cannot place shares.

Any punter buying in at these prices will be shafted in pretty short order.