Tomco Energy Share Discussion Threads

[damac] 11/2/2021 11:07

Does anyone know if Petroteq have any other parcels of land in the Vernal area?

[vauch] 11/2/2021 09:07

or it could be a joint venture by all parties.

[vauch] 11/2/2021 09:06

I had suggested that a while back, especially as greenfield have fronted the costs of the upgrade.

[shaunx] 11/2/2021 08:55

Just a thought, with PQE having limited access to funds and a licence that runs out in March, could the Greenfield target be the current operation?

[vauch] 11/2/2021 08:16

As before most likely not. and if it douse move the next RNS will be we know of no reason BLA BLA

[goulding1215] 10/2/2021 23:05

Stop guessing Ducky. You can only work on actual figures, otherwise it can be misleading.

[ducky fuzz] 10/2/2021 21:32

I do wonder if an RNS from TOMco saying that Petroteq has successfully produced
250 barrels on a 12 hour shift will do anything positive for the share price.

For holders it is a positive but for potential new investors I don't think it will float their boat.

I think it will be the purchase of the block of new land /new lease that might get new
investors interested.

It will be the amount of recoverable oil that is maybe key .. just like an oil field find.

My guess would be 40-80 million barrels recoverable.

10,000 barrels a day is 3.65 million barrels a year .. so 10 years worth would be
36.5 million ..

[goulding1215] 10/2/2021 21:25

Damac, ta.

Provided it produces the appropriate oil, a week is no time at all in TOM’S long history

[ducky fuzz] 10/2/2021 17:13

And they're fighting .. The good old days.

[stuart little] 10/2/2021 17:07

You know that an AiM company saying work will take a couple of weeks means news will drop a bit later than that! Probably a week or so later minimum. You know that, everyone who has ever owned an Aim share should know that!!

[damac] 10/2/2021 16:54

goulding121510 Feb '21 - 15:23 - 17691 of 17702

Damac, do Greenfield already have a site planned for production? Tyia



They said in the RNS of 16th November ....

"Whilst there is no certainty that it can be secured, a potential site in Uintah County, Utah, USA, has been identified by Greenfield that the Board believes has a number of key attributes that make it attractive. These attributes include, inter alia, the required infrastructure to enable construction to commence quickly, the required permits, and the land containing appropriate resources. Further announcements will be made in this regard as appropriate."



If they are still looking at this particular site, and I have not seen or heard anything to suggest otherwise, then I would say, yes, they have a site planned for production.

[vauch] 10/2/2021 16:44

Im just messing, my warped humor

[ducky fuzz] 10/2/2021 16:39

V .. Between one and two weeks = couple of weeks.

[vauch] 10/2/2021 16:32

Ducky that is a strange equation 1-2
That is minus 1 or did we miss the news last week. lol

[ducky fuzz] 10/2/2021 16:24

Couple = 1-2 weeks.

[vauch] 10/2/2021 16:21

So I think we are still a week away

[vauch] 10/2/2021 16:20

From the Petroteq news.
As at the close of business on January 22, 2021, the POSP had ‎produced over 150 barrels of net oil in solvent. The Company is now in the process of optimizing plant operating ‎parameters to meet oil product specifications and optimize solvent usage and recovery. This phase is expected to ‎last a couple of weeks. Thereafter, initial continuous production is expected to begin with a single, 12-hour shift targeting 250 ‎bpd and ramping up in the event a second shift can be added.‎

[stuart little] 10/2/2021 15:45

It's 2 weeks today since the vid which quoted about a weeks work to tinker with the process. Give them chance.

[rmart] 10/2/2021 15:40

still not a word then?, into week 3 since the vid and the 1 week timescale for the last bit of tinkering.

[goulding1215] 10/2/2021 15:23

Damac, do Greenfield already have a site planned for production? Tyia

[vauch] 10/2/2021 13:45

We thed to forget TurboShale but if Valkor are looking at it, the we could have royalties from it one day

[vauch] 10/2/2021 13:44

The Viability of Oil Extraction from Trinidad Tar Sands by Radio Frequency Heating - A Simulation Approach
T.. Ramcharan; R.. Hosein; A.. Jupiter
Paper presented at the SPE Trinidad and Tobago Section Energy Resources Conference, Port of Spain, Trinidad and Tobago, June 2016.
Paper Number: SPE-180830-MS
hxxps://doi.org/10.2118/180830-MS
Published: June 13 2016
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Abstract
Trinidad has tar sands resources of about 2 billion barrels of oil on land in the Parrylands/Guapo and Brighton areas. With an oil price of over USD 25 per barrel, commercial extraction of oil from Trinidad tar sands is viable but requires careful study. The relatively small extent of this tar sand (about 10,000 acres and with depths varying from surface to less than 500 feet) and with an oil in place of about 1000 times smaller than the Canadian tar sands, large scale surface mining and in-situ methods such as SAGD and VAPEX processes or their variants are not practical and also for environmental reasons.

In this study we explore the viability of oil extraction from Trinidad tar sands by radio frequency (RF) heating. RF heating does not require an overburden and is cheaper than SAGD and VAPEX and is also environmentally friendly since no steam, water and solvents are needed. Studies have also shown RF heating to be uniform, quicker and with deeper penetration than direct electrical (resistive) heating and an oil recovery between 50 to 80 % can be achieved. Preliminary studies indicated that Trinidad tar sands are wetting and with permittivity in the range 38 −100, which makes it suitable for RF heating.

The COMSOL Multiphysics® software was used to simulate oil sand samples contained within a copper chamber and the RF heating was applied via a dipole antenna. Temperature- time heating plots were generated using an operating frequency of 10 MHz and a current of 50 Amperes. This data and the physical properties of the tar sands were then simulated using the CMG software. The results indicated an oil recovery in the range 30-60%. An energy balance was then conducted and the results show that commercial extraction of oil from Trinidad tar sands by RF heating is viable with an oil price of over USD 25 per barrel.