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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0275 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Drilling Oil And Gas Wells | 0 | -2.35M | -0.0006 | -0.50 | 1.07M |
Date | Subject | Author | Discuss |
---|---|---|---|
18/2/2021 08:55 | Warning flag. We realise raising $185m is going to be practically impossible at this time, let’s reignite the turboshale fire and get some more cash in for that. They had dropped turboshale like a brick for oil sands, now it creeps back in with that little nugget. | rmart | |
18/2/2021 08:48 | Do Greenfield produce accounts ... | ![]() ducky fuzz | |
18/2/2021 08:47 | How much of this has been loaned to Greenfield and sits on account? maybe £3.5mill. | shaunx | |
18/2/2021 08:46 | Looks like the mbo team are doing a job again. | shaunx | |
18/2/2021 08:43 | Who / what is suppressing the share price? Is it just absence of factual news or ..... | ![]() lopodop | |
18/2/2021 08:43 | Jay..perhaps there has been no developments since the last RNS and therefore no update. | ![]() hotfinance14 | |
18/2/2021 08:40 | Share holder communication will be raise when we are allowed to an AGM | ![]() vauch | |
18/2/2021 08:39 | Hi jay .. I think it was good to get results out of the way. Any good news would have been lost. DF | ![]() ducky fuzz | |
18/2/2021 08:37 | Really the NEDs should ensure shareholders receive proper updates on progress every few weeks. It is not difficult. Read the twoddle about shareholder communication principles - perhaps nobody reads that bit. BDO have a template to produce all the notes - do the Board read them. I have serious doubts - Can the NEDs prove otherwise and SOON? | ![]() lopodop | |
18/2/2021 08:37 | Double bubble, both techs significantly improved to kick start a company profit. Turbo shale being financed apart from oil transfer from site. | shaunx | |
18/2/2021 08:35 | The interesting thing is they didn't take this opportunity to slip in an update So now they'll have to pay for another RNS That's why the price is dropping ...why haven't they used this opportunity ?? | ![]() jaynealex | |
18/2/2021 08:34 | Nothing to do with the RNS, factual and for a period that ended 6 months ago. The only relevant element that we did not know was the rate of spending your money, and they are spending it like a drunken sailor on a run ashore. £3.5M plus likely @£500k that the had in the bank at year start, so that is £4m in 18 months of which only about one quarter they can associate to greenfield funding. They only have £2.5M left. As I have warned you doughnuts, a crushing placement and consolidation is going to happen before year end. Don't take any comfort in the date they state. History tells you that every raise is preceded by statements of 'sufficient cash for near term blah blah'. I forecast by September TOM's shares will be trading at 10p. Don't get excited, just the consequence of the 1:100 consolidation. | ![]() thesageofsaint | |
18/2/2021 08:20 | I think we need to get Carlsburg invovled in writing our RNS's. | ![]() ducky fuzz | |
18/2/2021 08:17 | Hi Shaunx .. The results today are for TOMco's final results ending 30th September. The placing below was on 16th November. Maybe some cashj has been transfered to Greenfield or spent. //////////////////// TomCo Energy plc (AIM: TOM), the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, announces that: -- it has raised GBP3,500,000 (gross) by way of a placing (the "Placing") at a price of 0.45 pence; and -- the Company's 50/50 joint venture with Valkor LLC ("Valkor"), Greenfield Energy LLC ("Greenfield"), has entered into a multi-site licence with Petroteq Energy Inc ("Petroteq") for the use of its closed loop system for use in the recovery of oil from oil sands (the "Oil Sands Technology") (the "Petroteq Licence" or "Licence"). The Placing The Company has raised GBP3,500,000 (gross) by way of a placing (the "Placing") of 777,777,777 new ordinary shares of no par value in the Company ("Ordinary Shares") (the "Placing Shares") at a price of 0.45 pence per Placing Share (the "Placing Price") through Novum Securities Limited ("NSL"), the Company's broker. The number of Placing Shares to be issued represents approximately 115.5% of the Company's current issued share capital. Every two Placing Shares have one warrant attached, resulting in the issue of 388,888,888 warrants, with each warrant having the right to acquire one new Ordinary Share at an exercise price of 0.9 pence for a period of two years from the date of the admission of the Placing Shares (the "Warrants"). If the Warrants are exercised in full, this would result in the issue of 388,888,888 new Ordinary Shares raising a further GBP3,500,000 for the development of the Company's business, and which would represent approximately 26.8% of the Company's issued share capital as enlarged by the Placing. The Company has also issued, in aggregate, 46,666,666 warrants to NSL, giving them the right to acquire such number of new Ordinary Shares at an exercise price of 0.45 pence for a period of two years from the date of admission of the Placing Shares. | ![]() ducky fuzz | |
18/2/2021 08:13 | However the BOD have no idea on how to write an rns. During the annual statement, they could have given easily given an update on Greenfield progress, the last one being 18.01.21. A month ago. As ever, pathetic. Another rns, another drop in share price when will they ever learn? Still we have all day for it to sink in. | ![]() goulding1215 | |
18/2/2021 08:05 | Hi g .. bit early for the hard stuff. But I'd join you with a beer. | ![]() ducky fuzz | |
18/2/2021 08:03 | I think the most important statement is this one:- When the Company issued its 2019 Annual Report, the COVID-19 pandemic was developing, and the Board decided to postpone the next stage of the TurboShale field testing. A decision on when to restart the field test programme is likely to be made in Q2 2021. Q2021 is when the site should be clear of ice and snow> If they decide to go ahead with Turboshale, which I would encourage and welcome, the TOM could be producing oil before Greenfield, with virtually no capex costs. The 3 holes are there, the antenna had been modified, all they have to do is set up the plant again, turn it on and voila, all being well out comes the oil.TOM could be producing oil from Turboshale, before Greenfield, then finance for Greenfield should be covered by the proceeds from Turboshale. Aimho | ![]() goulding1215 | |
18/2/2021 07:55 | Shaunx, that can change in a instant if they do go onto the RF this year also | ![]() vauch | |
18/2/2021 07:54 | Also site with permits identified. | shaunx | |
18/2/2021 07:53 | As at 9th February 2021, the Company had cash of approximately GBP2.45 million and management's cash flow forecasts indicate that the Group has sufficient funds to meet its currently foreseeable working capital requirements through to at least the end of June 2022 | shaunx | |
18/2/2021 07:50 | The money will be loaned to Greenfield and will be given back. I suppose Turboshale could be plan B | ![]() ducky fuzz | |
18/2/2021 07:47 | The main short term highlight in the project is the feed study to be complete in Q121 so no significant change. | ![]() hotfinance14 |
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