Share Name Share Symbol Market Type Share ISIN Share Description
Tomco Energy LSE:TOM London Ordinary Share IM00BZBXMN96 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.25p +7.94% 3.40p 2.80p 4.00p - - - 320,743 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -5.1 -0.2 - 0.98

Tomco Energy Share Discussion Threads

Showing 53201 to 53224 of 53225 messages
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DateSubjectAuthorDiscuss
23/1/2018
19:37
So you think they'll be an RNS before funding is announced? I'd rather get funding sorted before releasing any other good news to the market. Any rise would potentially be subdued with the financial woes still hanging over tom. Funding is the crucial news and I'd like it next. That's if it's sorted of course!!
fishyneck
23/1/2018
18:07
climbing back up slowly, next rns should boost the share price Funding will further boost it as long as it is the last fundraise until Turboshale field test is completed... Our time is coming. The field test is the big key. Finally, Finally, Finally we may have our day.
rmart
20/1/2018
08:40
even if they raise somewhere up to £1m at around 3p it will only mean a max of 35m shares issued. Yes that doubles the shares in issue but still means there would only be around 65m in total in issue and a market cap of under £2m at 3p This should be the final fundraising until the field testing is completed and we will know if we have a monster on our hands. if successful we will be back to 25m market cap in a flash.. With a full production plan and 117m barrels it will be much more than that. We deserve this final chance. I hope they are successful and get they money even if it means doubling the shares in issue.
rmart
19/1/2018
15:36
Compared to the opportunity, TOM is valued at nothing more than its listing value. It will need capital, and without assets and the risk involved will not find any unsecured loan facility, so all funding will come from equity. So whilst we will be diluted to progress, and the current price will mean that we are significantly diluted, the potential is huge. TOM is either going to close the doors and we can whistle for our investment or it will deliver and be a transformed business with a market cap in the tens if not hundreds of millions. Nothing complex in the analysis, just got to decide if you want to bet or not. I'm in for just as many as I can without notification, so I have placed my chips down. Barry
barryendean
19/1/2018
09:47
yes but it originally stalled because of the large capsule and costs. Now they have the reusable capsule their costs have come down dramatically. I think they are focused on the Jordan project for now.
rmart
19/1/2018
09:42
From memory 4th generation Ecoshale aims to have a break even at around $18... fn.
fishyneck
19/1/2018
08:50
1980 $37.42 $111.30 1981 $35.75 $96.38 1982 $31.83 $80.80 1983 $29.08 $71.49 1984 $28.75 $67.76 1985 $26.92 $61.26 1986 $14.44 $32.24 1987 $17.75 $38.24 1988 $14.87 $30.82 I think this is the reason the project did not go to full production. The 1st figure is the oil price at the time the second is the equivalent today. The price of oil dropped so much that is was no longer viable. Pretty much the same as happened for Ecoshale. Now with oil at $63 and better technology the project is very profitable. I may be wrong but I am sure I read somewhere that they can produce with turboshale at around $10 to $15 per barrel.
rmart
18/1/2018
21:54
Yes, in the rns too , thanks for he reminder.
rmart
18/1/2018
19:12
Cheers BusaMitch, good info, appreciated
kaytom
18/1/2018
18:56
It was in March RNS. Radio Frequency (RF) Heating Technology The RF in-situ heating method that has been selected by TurboShale, was tested by Texaco, Badger and Raytheon during the early 1980's (in the laboratory for six years, and for three years in the field in Utah, on the Mahogany Zone, from the Green River Formation, less than 10 miles away from TomCo's Holliday Block project). The results of this programme showed that downhole RF antennae in several continuous pilot studies over a three-year period could successfully heat up and retort oil shale in-situ at less than 200ft from surface, and that high-grade shale oil could be produced and recovered from the antenna itself and nearby wells, using standard oil field gas lift methods. Retort temperatures averaged 350oC in commercial quantities at the surface, without affecting the water table in a separate geological formation below the Mahogany Zone. This technology has not been commercialised to date, largely due to the oil price slump in the 1980's and 1990's, and the takeover of Texaco by Chevron. A detailed description of this technology can be found in expired patents US4140179, US4301865 and US4457365. TomCo's management travelled to Boston in December 2016 and met with the original Technical Director of this RF testing programme, Ray Kasevich, and his business & technical partner Dr. Jeb Rong who, between them, have decades of experience in researching and operating RF heating technologies and other high power applications. TomCo commissioned a desktop economic study by JR Technologies that showed RF heating alone could be used to produce oil commercially at current oil prices. JR Technologies has agreed to join TurboShale and assign its patent US7891421B Method and Apparatus for In-Situ Radiofrequency Heating (US Application 62/017/408), and its patent application US2015/035433A1 Subsurface Multiple Antenna Radiation Technology (SMART), to TurboShale. JR Technologies will supervise all the RF laboratory work, and any subsurface field work for TurboShale.
busamitch
18/1/2018
18:51
Kaytom, It was through direct chat with someone.
rmart
18/1/2018
18:37
rmart - mail
cheshire2
18/1/2018
18:30
rmart, could you kindly post a link to where you found your information that you gather there is no impact to the water table . TIA
kaytom
18/1/2018
17:31
From what I can gather there is no environmental impact on the water table. The drill holes do not reach anywhere near it. But I am no expert!
rmart
18/1/2018
17:30
Thanks rmart. Do we know anything about the environmental impact of this technology, especially regarding water?
gregord
18/1/2018
17:27
hxxps://pdfs.semanticscholar.org/e13a/4e9c35bd22178aa9a465a4a14df413fb9d4a.pdf www.costar-mines.org/oss_archive/files/24OSSP/24_08_ADR.pdf interesting info
rmart
18/1/2018
17:19
The economic and technical viability of JRT’s oil recovery technology using radiofrequency energy was demonstrated in the early 80’s with oil shale; it was intensively tested in a four-year, multi-million dollar commercial scale, pilot program on Texaco oil shale property outside Vernal, Utah. It was a Badger, Raytheon, and Texaco joint venture, known as the “BART Program.” This program was technically overseen by Ray Kasevich while he was Technical Director of BART at Raytheon. He provided several key RF patents for this program. The program demonstrated: High product quality potential. Very high quality, low sulfur content oil was extracted which was similar to high quality Arabian crude without any significant added refining. Technological scalability. The Utah project employed a full scale commercial design. Radio frequency antennas were positioned in boreholes at shale depths of up to 200 feet with commercial radio frequency generators transmitting 50,000 watts of energy or less to the downhole antenna to demonstrate and achieve optimum oil recovery temperature at 350 degrees Celsius. Gas production (methane) was continuously produced and quantified during the oil recovery period.
rmart
18/1/2018
17:17
for those who dont know, these are the guys we are working with on turboshale. www.jrtechnologiesllc.com/about-us/staff/index.html They are very experienced professional people. The technology has already been proven to work in the 1980's. www.jrtechnologiesllc.com/projects/oil-and-gas-extraction-from-kerogen-in-oil-shale/index.html Now we have much better equipment available I am confident we will be successful in proving the tech can be scaled up to produce commercially if we can raise the cash needed.
rmart
17/1/2018
00:38
Maybe that is why CB is standing down
gmb359
17/1/2018
00:28
I don't believe if oil was back to $100 we would get funding as it stands. All board members now have financial background only, none have any experience in oil/mining. They need a new ceo/board members with experience in thoes fields.
cheshire2
16/1/2018
23:19
or on balance maybe not
kaytom
16/1/2018
21:05
With oil hitting three year highs maybe they will be able to get funding.
skiboy10
16/1/2018
13:50
rmart Most of the buys today from a PI, nothing behind the scenes influencing other than a company with a potentially significant natural resource asset valued at £0.7m and likely currently engaged in a eureka or bust funding process. A classic gamble, that is all that is happening. TOM, with a sensible funding round and a story supportive of progress in untappping its potential resource and this share will be swarmed upon by PIs. Buying whilst at these level when it is quiet allows for acquisition of reasonable volumes without too much share noise. If we have the good news and the swarm that follows, then these shares will be very cheap and there will be volume to sell into. If bad news then hey ho, bet Red and the marble falls in Black.
barryendean
16/1/2018
11:53
one thing we can be certain of guys is that after 10 years this is the final chance for TOMCO to actually get something done on Holliday Block. We have waited a long time for this and yes, it has been frustrating. But, the next fundraise is directly for field testing so we are sure that this is going to happen. Once field testing is done we will know if we have a commercial method and if we do then finally shareholders will see this rise a long long way from this level.
rmart
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