Tomco Energy Share Discussion Threads

[vauch] 04/2/2021 08:13

In RNS 5767R
Subsequent to entering into the MoU, the Company undertook a study of the potential to deploy the Oil Sands Technology at a suitable location across its Leases. The desktop study of the Leases determined that, while oil sands were present at depth, more suitable sites with near surface oil sands were identified in the vicinity of the Leases and these will be the focus of the parties going forward.

[the diddymen] 03/2/2021 22:03

...particularly on a lease that they are currently unable to exploit, and time is running out.

[wilson2] 03/2/2021 21:53

Having a lease means nothing if no one wants it, you don't own anything

[the diddymen] 03/2/2021 18:13

Lopodop :

"RE existing leases owned by company what value do these have if any and will Tomco use these?"

£9.2m and I am not sure why provision has not been made against them. If you look at some of the lease dates they are almost expired. The balance sheet value should reflect the earnings potential of the leases and at some point the management will have to demonstrate this to the auditors.

[lopodop] 03/2/2021 17:13

RE existing leases owned by company what value do these have if any and will Tomco use these?

[oil be there] 03/2/2021 15:21

PQE up 13.3% on open so hopefully POSP still running well and nearing target output. News soon on land purchase, trial & FEED so expecting those sellers to be paying much more when they are scrambling to get back in.

[hotfinance14] 02/2/2021 17:06

Ducky...that is correct as 2 projects have been slightly delayed.

[rmart] 02/2/2021 16:30

cheers, will watch the webinar tomorrow.

[ducky fuzz] 02/2/2021 16:23

QFI have fallen quite a bit today, maybe on the back of today's RNS.

[stuart little] 02/2/2021 16:20

Rmart, keep an eye on znwd. Have a look and let me know what you think. I got in there thanks to a large holder here around 6p. They had a run to 16p and now retracing a little to 12p. I think it's got over 30p all over it this year...might still have a little more to retrace, as always dyor.

[stuart little] 02/2/2021 16:06

My portfolio value is down about 20% in the last few weeks. However i tend to buy and hold longer than you so most are still in profit. I'm just seeing it dwindle but am still confident on them all on a 12-18 month basis. I don't emotionally trade in and out, too risky I think.Rms is on my monitor, I like to watch and learn how shares react. I agree it could hit 5p in the blink with the right production and contract news.

[rmart] 02/2/2021 15:59

no Stu, to be honest had a fantastic result at rms, then have mad a few errors. I am now back in RMS at 2.4 heavy. I feel it is going to go again soon. But have made a few boobs lately.

[stuart little] 02/2/2021 15:57

Are you still invested there rmart? I just can't trust that guy. I think he got off on the wrong foot with me...and has stayed there! :-)

[rmart] 02/2/2021 15:51

looks like a grovelling apology form QFI

[rmart] 02/2/2021 15:22

do they take you shirt over at rms if you ten bag?

[stuart little] 02/2/2021 15:19

Lost your hair here and your shirt at RMS. You ought to be more careful. :-)

[rmart] 02/2/2021 14:59

its an old pic Vauch, from a year ago, I lost my hair when was a tomco holder! all good now.

[vauch] 02/2/2021 14:25

Haven't tried a whisky mix

[wilson2] 02/2/2021 14:10

I might try a port and whiskey , got no brandy

[vauch] 02/2/2021 14:00

Rmart that is one tight hair cut you have

[stuart little] 02/2/2021 12:45

I agree with rmart :-)

[rmart] 02/2/2021 12:43

gosh the arguing on here is terrible :-)