Tomco Energy Share Discussion Threads

[damac] 10/2/2021 00:00

Spangler,

Where has that been taken from?

And is it in relation to Asphalt Ridge?

[spangler79] 09/2/2021 22:22

Lets hope Petroteq sort out the surety bond before 01 March!

Quote: The Division continues to hold two surety bonds totaling $385,672.00 for 22 acres of disturbance but has not issued final approval for the revision because it has not received the increased surety. For operations to continue at this site, the Division needs to receive an updated Notice detailing mining and processing facilities and operations. Petroteq is hereby directed to provide the Division with an updated Notice by no later than March 1, 2021."

[oil be there] 09/2/2021 20:01

With news expected anytime on hopefully successful POSP trial. I thought I would repost a great proactive investor summary article from last July https://www.proactiveinvestors.co.uk/companies/news/923788/tomco-energy-oil-sands-project-moving-forward-923788.html

[ducky fuzz] 09/2/2021 19:09

This can be a dirty game.

[damac] 09/2/2021 19:05

Ducky,

Yeah, retail investors coordinated buying the stock and it rose from around $5 to $350 odd before certain parties took action to stop it rising further.

It has now came out that various brokers and hedge funds conspired to stop retail investors from getting involved, thus allowing the hedge funds to minimise their losses. A class action has now been brought against the brokers and hedge funds....



Law Offices Of Gary R Carlin APC Adds Six Hedge Funds, Nine Brokers, And Thirteen Stocks To Robinhood Class Action

05/02/2021 7:16pm
PR Newswire (US)


LONG BEACH, Calif., Feb. 5, 2021 /PRNewswire/ -- A class action lawsuit filed in California Southern District Court on January 28, 2021 has been amended to include six hedge fund companies worth billions of dollars, a total of ten online brokers who manipulated the stock market, and the thirteen stocks involved.

The various brokers and hedge funds allegedly conspired together to knowingly deprive retail investors of the ability to invest in the open market during an unprecedented stock rise, in order to benefit the hedge fund companies, such as Citadel, Melvin Capital, and Maple Lane Capital. The lawsuit alleges that the online brokers involved froze the everyday investors out to enable the hedge funds to stop losing money when the stocks rose in value.

The lawsuit continues to allege that Robinhood and nine other online brokers failed to provide duty of care to their customers and that they purposefully harmed their customers positions in GameStop Corp (NYSE: GME) and twelve other stocks, such as Blackberry, LTD (NYSE: BB), AMC Entertainment Holdings Inc. (NYSE: AMC), Nokia Oyj (NYSE: NOK), Koss Corporation (NYSE: KOSS), and Naked Brand Group Ltd (NYSE: NAKD). The lawsuit is also alleging that Robinhood was recently fined $1.5M by the SEC, and a monitor has been assigned to watch their activities closely.

This class action is the first and only one to include all six hedge funds, all ten brokers, and all thirteen stocks.

The case is 3:21-cv-00167, Nordeen et al v. Robinhood Financial LLC et al.
The plaintiffs are represented by the Law Offices of Gary R Carlin APC, a Long Beach based law firm.

If you have suffered losses or damages related to this event and would like to join the class action, or if you have any questions, please contact the Law Offices of Gary R Carlin APC by e-mail at [e-mail] or through their website at: classactionlawsuitrobinhood.com

[ducky fuzz] 09/2/2021 18:59

Hi damac I read about it .. They are one of the most shorted stocks in the US .. and a lot of hedge funds had bet it short .. then there was a concerted buying by organized small time punters and the hedge funds lost a lot of money and had to cover their positions ..I understand you could spread bet long or short. But IG index have put a stop to it.

I don't spread bet as I don't really understand it. DF

[damac] 09/2/2021 18:38

Out of curiosity, did anyone here get involved in the GameStop (GME) stock squeeze in January?

[goulding1215] 09/2/2021 16:47

It is better to do it on site with the oil being extracted, then there can be no mistakes with the figures. I am not suggesting that might happen, but it removes any suggestion of doubt. Aimho

[vauch] 09/2/2021 16:13

The oil being sent is for setting up the calibration of equipment, then it will be shipped to site.
My point is why cant it be completed in the UK

[stuart little] 09/2/2021 15:52

That's what they are doing. Sending them some oil.

[goulding1215] 09/2/2021 15:50

You would think so.

[vauch] 09/2/2021 15:34

I cant see why Quadris cant give the answer as it is a bolt on to the plant.
Send them 10 barrels and they should be able to do the work this end

[goulding1215] 09/2/2021 14:57

It would be nice too if the Quadrise results came in as well before end Feb.

[vauch] 09/2/2021 13:46

I would suspect that it will be end of this month for all data to be gathered.
Then the numbers need to be crunched so could be another month.
If it is that sort of time I hope it's after 5th April as I can move a chunk of my holding to my ISA

[damac] 09/2/2021 13:35

Cheers Vauch, I obviously didn’t recall reading that on the 21st. So, if it was underway 19 days ago it must be due to complete very soon.

[vauch] 09/2/2021 13:31

damac. the third party reference was also in the last RNS.
RNS Number : 3806M

TomCo Energy PLC

21 January 2021

21 January 2021

TOMCO ENERGY PLC

("TomCo" or the "Company")

POSP Update

TomCo Energy plc (AIM: TOM), the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, is pleased to provide a further update in respect of Greenfield Energy LLC ("Greenfield"), the Company's 50/50 joint venture with Valkor LLC ("Valkor"), and the work being undertaken by Greenfield with respect to Petroteq Energy Inc's ("Petroteq") existing oil sands plant at Asphalt Ridge, Utah (the "POSP").

Further to the announcement on 6 January 2021, the Company is pleased to confirm that the POSP is operating and producing oil at the anticipated volumes and quality, with no issues to date. As at the close of business on 19 January 2021 the POSP had produced over 100 barrels of oil and the intention is to increase test production to approximately 250 barrels of oil per 12-hour shift over the next few weeks, following the completion of the current optimisation work.

All other elements of the project remain as previously announced, including progressing the planned test work and third party engineering analysis, and the Company looks forward to providing further updates as matters progress.

Commenting, John Potter, CEO of TomCo, said : "We are very pleased with the POSP operations and initial oil production. The planned test work and third-party engineering analysis is also underway as we work on further optimising the POSP and increasing production. We look forward to reporting on our continuing progress in the coming weeks."

[stuart little] 09/2/2021 12:42

I fear you may be right. There'll be plenty to discuss on here very soon...

[rmart] 09/2/2021 12:38

just the share price going up floats my boat, i just ingore the rest. They will turn up here when it's tommys turn to go up.

[rmart] 09/2/2021 12:00

Gosh its quiet here, good job RMS is interesting.

[damac] 08/2/2021 23:45

Just realised there was an update on Proactive Investors last Thursday......




There is a comment from JP confirming that the 3rd party verification has now commenced, this wasn’t mentioned in the video the previous week.


“We are very pleased with the POSP operations and initial oil production,” said John Potter, TomCo chief executive in a statement.

“The planned test work and third-party engineering analysis is also underway as we work on further optimising the POSP and increasing production. We look forward to reporting on our continuing progress in the coming weeks.”

[rmart] 08/2/2021 19:09

I’m on the platform Stu.

[goulding1215] 08/2/2021 17:25

Quadrise looking good too.

In fact looks it is an oily day

WTI now $58.08

[stuart little] 08/2/2021 16:04

Yes showing strength today....best get yourself on the train!

[rmart] 08/2/2021 16:02

now that's a first for a long time, rise, the usual fall back but then rise again ?!, its not done that for a good while.