Tomco Energy Share Discussion Threads

[ducky fuzz] 29/12/2020 18:04

28/12/2020 10:00pm
GlobeNewswire Inc.

Petroteq Energy (TSXV:PQE)
Intraday Stock Chart

Tuesday 29 December 2020

Petroteq Energy Inc. (“PetroteqR21; or the “Company”;) ‎‎(TSXV:PQE; ‎OTC:PQEFF; FSE:PQCF), an integrated oil ‎company focused on the development and implementation of its proprietary oil-‎extraction and remediation technologies, announces an intention to complete two shares for debt transactions with an arm’s length lender wherein the lender will accept an aggregate of 13,145,130 common shares of the Company at a deemed price of US$0.039 per share in satisfaction of US$512,660, representing the outstanding principal and accrued and unpaid interest up to and including December 28, 2020, under a debenture issued by Company to the lender on July 19, 2019 that matured on October 19, 2020 and a debenture issued by Company to the lender on September 17, 2019 that matured on December 17, 2020.
The Company (with the lenders’ consent) determined to satisfy the foregoing indebtedness with common shares in order to ‎‎preserve the ‎Company’;s cash for use on its extraction technology in Asphalt Ridge, Utah, and for working ‎capital.̴6;

The foregoing transactions are subject to all necessary approvals, including from the TSX Venture Exchange (the “Exchange̶1;). The foregoing securities will be issued in reliance on exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), and applicable state securities laws, and will be issued as “restricted securities” (as defined in Rule 144 under the U.S. Securities Act). In addition, the shares issuable will be subject to a Canadian four-month hold period.‎

About Petroteq Energy Inc.

Petroteq is a fully integrated clean technology company focused on the development and implementation of a new proprietary technology for oil extraction. The Company has an environmentally safe and sustainable technology for the extraction and reclamation of heavy and bitumen from oil sands, oil shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge soil remediation and heavy oil extraction processing facility located near Vernal, Utah.

For more information, visit www.Petroteq.energy

[ducky fuzz] 29/12/2020 15:40

Roughly 25 million buys and 7 million sells today.

[shaunx] 29/12/2020 14:25

Covid is doing it's best but once up and running the operation should be tight

[ducky fuzz] 29/12/2020 12:35

Hi Shaunx .. I hope so. I'm wondering whether there will be any more delays though.

[shaunx] 29/12/2020 12:11

Hi Ducky, I'm thinking you'll be happier here come February. Gla

[ducky fuzz] 29/12/2020 11:18

Now that's a nice straight line going northm for TOMco.

rmart's and my RMS had another bad rns this morning. I can sure pick these bad investments.

[ducky fuzz] 29/12/2020 10:22

Quite a bit of buying going through. Probable go up some more.

Only 2 trading days till January 4th switch on.

[rmart] 24/12/2020 12:29

ALL THE BEST TO EVERYONE. HOPE YOU ALL HAVE A SUCCESSFUL 2021.

No more bantering with Stu from me. Point taken Goulding. Best wishes, we all deserve a better 2021.

[vauch] 24/12/2020 12:19

So the open cast sand pit mining, the company involved have to fill it up afterwards.
But we have an advantage as water is of low availability, we could use the area as a reservoir.
It would fill up eventually

[jaynealex] 24/12/2020 12:13

As I said on the other board!

jaynealex24 Dec '20 - 08:18 - 259 of 264 Edit
0 0 0
I'm sure if we're permanently removing sand , the green brigade will insist on land fill etc ie there will be alot more associated costs

[vauch] 24/12/2020 12:01

Merry Christmas fellow investor's See all on the 27th

[vauch] 24/12/2020 11:52

Merry Christmas fellow investor's See all on the 27th

[ajj2003] 24/12/2020 10:28

Nice to see some sensible and civil discussions based upon facts and prospects here this morning.

Wishing you all a Merry Xmas and a happy and prosperous New Year ;)

[fishyneck] 24/12/2020 10:14

Yes john was also out there last week and will be returning in January I believe for what promises to be a busy month for greenfield.

[freedom97] 24/12/2020 09:50

That's good to hear FN, thanks for contacting the broker. All the best for Xmas!

[goulding1215] 24/12/2020 09:44

Thank you Fishy. Nice one. I was wondering if any of our directors have been out to the site and REPORTED BACK TO SHAREHOLDERS? I expect they are all back in the hive now until Mid-January.

[fishyneck] 24/12/2020 09:27

I spoke with the company broker yesterday. He has recently been out to Utah to assess progress for himself. He was very impressed with valkors improvements to the POSP and excited about the switch on early jan and Q1 in general....no apologies for what some will see as a 'ramping' post on Christmas Eve! :-) do your own research!!

[freedom97] 24/12/2020 09:25

And a very Merry Xmas to you goulding and to ALL shareholders in Tomco.

Could see share price start to climb as most traders tend to sell before Xmas and don't return until new year.

[goulding1215] 24/12/2020 09:11

The posts on here have degenerated recently. I used to be a large holder, many years ago. However, I sold up, as I Decided that the tree-huggers would win the day and ecoshale would never come to produce. However, I never came back onto this board to say anything about TOM, good or bad out of respect to those that still held TOM shares. I bought back in about 2 years ago, which is why I was posting on here. I do prefer LSE, where there seem to be a lot of new holders, posting reasonably intelligently. With the odd loony butting in.

So, A Merry Xmas to all TOM shareholders and a very Prosperous New Year

[goulding1215] 24/12/2020 09:03

If you read this article gleaned from LSE:-

hxxps://www.cdeglobal.com/news/2019/november/texas-sand-gravel-boom

Why not sell the sand? Or move it to Brighton beach, they need it!

[goulding1215] 24/12/2020 08:55

Not on LSE Fn, definitely on here.

[fishyneck] 24/12/2020 08:48

Nobody should be considering the sands in an investment decision here. Full stop. If Tomco can make an extra profit, and not leave a scar on the landscape, then great but Greenfield have never mentioned the idea. Until they do it's not relevant imo.

[the diddymen] 24/12/2020 08:41

Vauch, this is why you have to be so careful on a BB

Ducky Fuzz on another thread: "So sometime in 2022, if we get all our ducks in a row, we will be producing
10,000 barrels of oil a day, plus millions of tons of sand that we can get a lot
of money for."

Setting aside the caution I would always urge until the scalability of the process has been demonstrated, DF has no doubt started the ?,000,000 x $80/T calculation and is now dreaming of his yatch in the Mediterranean. No. Stop. First question - how many tons are consumed annually in a 100 mile radius of the plant. What is the average selling price of the sand ex-transport in the market? Can the Tomco JV deliver and make a profit at the average selling price less the cost of transport?

TD

[fishyneck] 24/12/2020 08:41

These boards were created to share what we 'think' and 'assume' along with the passing on of knowledge. The last bit being a very rare commodity around here these days.