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Share Name Share Symbol Market Type Share ISIN Share Description
Tomco Energy Plc 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
  0.025 4.76% 0.55 0.50 0.60 0.551 0.525 0.53 12,722,919 08:37:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -0.8 -0.7 - 4

Tomco Energy Share Discussion Threads

Showing 35351 to 35374 of 35375 messages
Chat Pages: 1415  1414  1413  1412  1411  1410  1409  1408  1407  1406  1405  1404  Older
DateSubjectAuthorDiscuss
26/9/2020
11:40
Thanks Damac .,. really helpful.
ducky fuzz
26/9/2020
11:08
Ducky, Just for consideration by all. My thoughts and my thoughts alone. I will not be held personally responsible for any slippage. All dates given by me below are 'By' dates, as in By Nov 2020. 1/ Plant Switch on - Nov 2020 2/ oil produced - Nov 2020 3/ (in conjuction with QFI) MSAR processing of oil - Dec 2020 4/ FEED report with accurate plant cost and cost per barrel - Jan 2021 (possibly Dec 2020) 5/ Site confirmed for 10k plant with indicative resources - Dec 2020 6/ Funding received for plant (biggy!!) - Apr 2021 (I would change this to 'funding secured' rather than funding received. Funding will most likely be released to Greenfield as and when required to minimise interest accruals). 7/ Permits/permissions granted - May 2021 8/ Work commences on site - Jun 2021 9/ Further leases taken up for more plants - Too early to even begin thinking about. 10/ Forward sales of oil. - Anytime from Jun 2021 ('Forward sales' is probably not the right terminology here either, I'd use 'Off-take Agreements' which are commitments to buy oil that is produced with payment on delivery). As always do your own research
damac
26/9/2020
09:10
Hi Vauch .. As FN said we pretty much know the first few dates & I think the longer term dates of 14-18 months can be adjusted nearer the time. Hopefully we will get timings directly from them. DF
ducky fuzz
26/9/2020
07:39
Dont do it Damac it not worth the constant harassment if time lines are missed. Ducky, look forward to Christmas and hopefully the share price at that point will be over 2p
vauch
25/9/2020
23:02
Perhaps Damac might like to guess the timings ...
ducky fuzz
25/9/2020
20:56
Good evening Ducky,I'm currently the other side of a couple of nice ales but still not brave enough to stick my neck out on that one! It would be pointless I'm afraid apart from the first few events. Beginning November for switch on, middle November for first oil, late November for QFI and FEED approx 4 months..have a nice weekend.Fn
fishyneck
25/9/2020
20:18
FISHYNECK25 Sep '20 - 10:34 - 15383 of 15388 0 10 0 As has been pointed out a few times it will be 14-18 months before any revenue can be generated from greenfields own 10k plant. That however will not create a news vacuum, quite the opposite. Starting in a few weeks time the following RNS's should start to drop ensuring a decent flow of news for the coming months. 1/ Plant Switch on 2/ oil produced 3/ (in conjuction with QFI) MSAR processing of oil 4/ FEED report with accurate plant cost and cost per barrel 5/ Site confirmed for 10k plant with indicative resources 6/ Funding received for plant (biggy!!) 7/ Permits/permissions granted 8/ Work commences on site 9/ Further leases taken up for more plants. 10/ Forward sales of oil. I am fully aware that this is a very simplistic take on what will no doubt be a bumpy journey. Yes this is a glass full view and there is undoubtedly much work to do to achieve those milestones. It does however show the potential news flow here over the next 12-18 months, it will not be boring. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Hi FN .. Great post thanks. Would you be kind enough to put some approximate dates for these happenings please & I can repost it every week or so. DF
ducky fuzz
25/9/2020
15:10
From Petroteqs recent announcement..if we are to believe their wording then yes it's underway. "Crosstrails Engineering LLC is now commencing a FEED (Front End Engineering and Design) study to further refine the design. During the Pre-FEED, all major equipment was identified and costed using historical information. In the FEED study, all major equipment will be defined, specified and quoted and the balance of plant will be estimated to determine Capex to within ±15% and bring the design to the point of beginning detailed design and procurement of long lead items.
stuart little
25/9/2020
15:03
Stu, Your comment..."The POSP is a stepping stone to the big prize." Absolutely. They have to be able to prove to potential lenders to the 10k bopd plant project: 1. The concept. 2. The scalability of the plant. 3. The premium quality and demand for the end product to back up the business case. The only way they can do the above is by doing what they are currently doing with the POSP. And where have they got to so far? 1. The concept has been already proven by Petroteq in that the process produces oil. 2. This will soon be proven with the upgrades currently taking place to POSP, backed up by the verification of third party engineers. 3. Still to be proven by the introduction of the Quadrise kit (or another piece of technology) and by the completion of the FEED study (which I'd be stunned if they haven't started to pull together already).
damac
25/9/2020
14:28
Shares just followed the whole market which has fallen. Oversold now so should start to see steady increase in share price imo.
freedom97
25/9/2020
13:59
Strange how all of QFI (2.45p), PQE (0.55p) & TOM (0.5p) have all fallen a lot over the past few weeks. Strange as they all have delivered positive RNS's recently. DF
ducky fuzz
25/9/2020
11:48
Thanks for the outlook breakdown fn. Onwards and upwards. AJ
ajj2003
25/9/2020
10:34
As has been pointed out a few times it will be 14-18 months before any revenue can be generated from greenfields own 10k plant. That however will not create a news vacuum, quite the opposite. Starting in a few weeks time the following RNS's should start to drop ensuring a decent flow of news for the coming months. 1/ Plant Switch on 2/ oil produced 3/ (in conjuction with QFI) MSAR processing of oil 4/ FEED report with accurate plant cost and cost per barrel 5/ Site confirmed for 10k plant with indicative resources 6/ Funding received for plant (biggy!!) 7/ Permits/permissions granted 8/ Work commences on site 9/ Further leases taken up for more plants. 10/ Forward sales of oil. I am fully aware that this is a very simplistic take on what will no doubt be a bumpy journey. Yes this is a glass full view and there is undoubtedly much work to do to achieve those milestones. It does however show the potential news flow here over the next 12-18 months, it will not be boring. Investors need to decide if Tomco and Valkor can pull all this together. All in my own opinion of course..... fn.
fishyneck
25/9/2020
09:05
NT to buy in any size, hopefully this will pop soon
natty27
25/9/2020
08:56
I really think any expectation of revenue to Tom from the Posp should be put to bed so as not to create disappointment further down the line. By the time they pay rent and royalties they might have enough for teabags and bog rolls. The POSP is a stepping stone to the big prize. In my opinion of course.
stuart little
25/9/2020
08:38
Looking like seller has cleared
natty27
25/9/2020
07:53
Let's hope we don't get a good positive RNS today. If we do we will be back to the placing price.. DF
ducky fuzz
25/9/2020
07:49
Well, that has partially cleared up that point on revenue from POSP after all tests completed. The only unknown factor being What royalties accrue to Petroteq. Thanks to Damac.
goulding1215
24/9/2020
20:09
Thanks damac / stu, most appreciated as always. Onwards and upwards ;)
ajj2003
24/9/2020
18:51
Definitly 100% correct Stu. No income from Greenfield activities will filter down to Tomco until such times as the Greenfield 10k bopd plant is operational. As I said the other day, no party in the Valkor/Tomco partnership benefits until this happens.
damac
24/9/2020
18:43
I think it's also worth pointing out damac that I think it is highly unlikely that any revenues from the POSP will find its way to tomco. It'll stay in greenfield pot. It is greenfield who will be raising the funds for the 10k plant so makes sense that they are showing a revenue stream. Probably not what some Tom shareholders want to hear I guess...but I reckon that is going to be the reality.
stuart little
24/9/2020
18:29
AJJ2003, In reply to your post #15366.... I think it all comes down to the fact that people read things differently from others, and some people wish to believe what is written whilst others refuse to accept it. For me, the issue is clear in relation to it being certain that Greenfield will have an income stream when the POSP plant is operational from November this year. As stated in the Tomco RNS from 17/06/20 and mentioned in my previous post#15352 "Pursuant to the lease, in addition to a monthly rent, the landlord will be entitled to certain royalty payments in respect of any commercial produce from the POSP and/or associated operations." Facts: 1. Greenfield have leased the plant from Petroteq for a minimal 12 months (lease commenced 1st July 2020). 2. Greenfield will pay Petroteq a monthly rent for the lease. 3. In addition to the monthly rent, Greenfield will pay royalty payments to Petroteq for oil that they produce & sell. Unknowns: 1. It is unknown what the royalty payment will be and if it is on a per barrel basis or on reaching 'x' number of barrels produced and sold basis. If Greenfield were just operating the plant on behalf of Petroteq and automatically handing over all oil produced to Petroteq for no financial return then there would be no requirement for Greenfield to make royalty payments to Petroteq. Royalties Explained Royalties payments typically constitute a percentage of the gross or net revenues obtained from using the owner's property, however, they can be negotiated on a case-by-case basis, in accordance with the wishes of both parties involved in the transaction. The use of royalties is common in situations where an inventor or original owner chooses to sell his product to a third party, in exchange for royalties from the future revenues the product may generate.
damac
24/9/2020
17:31
Not enough that is for sure ;)
ajj2003
24/9/2020
17:25
A daily dose of realism my friend. You could do with some me thinks.
thesageofsaint
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