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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 |
---|---|---|---|
16/3/2021 12:32 | happy to be corrected if it was wrong. Still not impressed that at 3rd March they had STILL not sent samples to Qfi. I hope they have done so since. | rmart | |
16/3/2021 12:24 | I presume you'll correct your previous incorrect post about contamination then. Thanks. | ![]() stuart little | |
16/3/2021 12:18 | it would seem not, which is a little concerning as we are now in March. this is from QFI 3rd March. The third programme is for upstream oil and gas applications in Utah with Greenfield Energy. Quadrise had hoped Greenfield’s site would be reactivated in time to analyse oil samples and conduct a trial at the site before Christmas. In fact, the site began to produce oil in January, so Quadrise expects to receive samples very soon, enabling it to finalise the additive package for the trial. Management does not expect coronavirus restrictions will prevent it carrying out a short trial at the partner site. If this trial is successful, Greenfield could potentially start to manufacture commercial volumes of MSAR under licence to Quadrise by the end of CY21. So at 3rd march they had not received a sample. Maybe they have now, who knows, its Tommy ! | rmart | |
16/3/2021 12:17 | Is this not the issue that was discussed on here before about 2-3 months ago where someone posted that samples received by QFI were contaminated and it turned out that this was something that Petroteq were doing with QFI that had no relevance to POSP or Greenfield? | ![]() damac | |
16/3/2021 12:13 | Son they haven't sent any oil from current production? Samples sent back end of last year?? Plant was only switched on in January. | ![]() stuart little | |
16/3/2021 12:09 | a post over on the other site. I will try and find something from thepresentation bt here is the post. Good question. The plan is for the Plant to produce fuel oil with only sand as the waste product. The current issue is that there are clay particles in the end product - from the video posted last month. From the presentations on the QFI Media site it appears that there were samples sent on two occasions towards the end of last year that were contaminated, I assume containing clay. The problem has to be resolved before there is a clean product produced as planned. Primula, It is worth understanding the inter-relationships between the companies and who is responsible for what. AIUI - Petroteq own the IP rights for the process and own the plant. Valkor are improving the design and at the current time tuning to resolve the clay issue. Clay in oil is not new and there is an amount of experience in how to progress. Petroteq are paying Valkor for the work, as they own the IP. As they are short on cash, I believe that they pay in Petrotec shares. Valkor own at least 16% of Petroteq. TomCo manage and operate the site. They have no design input into the work Valkor are doing for Petroteq, their interest is in how changes may affect the running of the plant. Greenfield is a joint venture between Tomco and Valkor with the aim of using the petroteq process on a new site using 2 x Petroteq plants producing 5000 bopd each. Greenfield will be raising the money to build the plant. Petroteq in their Investor Presentation dd Sept 2020 say they will also be raising the necessary money to build a 5000 plant in 2021 and a second in 2022, they would come online in 2022 and 2023 respectively. I think the first will be built alongside the existing plant and the second will replace it when the first is operational. It is possible that the Petroteq site will be managed and operated by Greenfield. The output from the plants will be bitumen, very dense oil which will need to be lightened to allow it's use for fuel. The intention is to trial the QFI MASR process when the clay problem is resolved. Initially at the current site and then to use at the new Greenfield site. QFI will take the heavy output from the Petroteq process and produce MASR which can be used for power generation, shipping and heating. There are currently trials underway in Morocco and further information can be found on the QFI Media site. | rmart | |
16/3/2021 12:08 | I haven’t even heard that they had sent any samples to QFI yet. | ![]() damac | |
16/3/2021 12:06 | Mixi, not often I will say this, but I could not agree more. "The ineptitude of the BOD is in their inability to communicate. Why are they sending CEO JP to Utah, when he had zero technical or engineering experience where he can add nothing and then pay him £92,000 a year." Could it be linked to rmart's post re clay in sample? It is always easier to stop the knife falling. | ![]() the diddymen | |
16/3/2021 11:57 | Where's that come from rmart? | ![]() stuart little | |
16/3/2021 11:48 | i see there is clay in the oil so Quadrise cannot do the test until this is sorted. After all this they send samples with clay in the oil ! | rmart | |
16/3/2021 11:32 | Let’s hear it then. | ![]() goulding1215 | |
16/3/2021 10:03 | There will be a logical reason. | ![]() hotfinance14 | |
16/3/2021 08:52 | The ineptitude of the BOD is in their inability to communicate. Why are they sending CEO JP to Utah, when he had zero technical or engineering experience where he can add nothing and then pay him £92,000 a year. | ![]() goulding1215 | |
15/3/2021 14:59 | Something dawning on the other thread? | ![]() the diddymen | |
15/3/2021 00:35 | Tomorrow will be better ??. I love tomorrow's there's just that chance that it will be better than today, Be happy with today there may be no tomorrow.Wilson 2 | ![]() wilson2 | |
11/3/2021 16:50 | Ariston. it go's on and on. Much like Tomco | ![]() vauch | |
11/3/2021 07:24 | I disagree (surprise!) and believe a long term investment is building here. I do agree though that it is also tradable. Good luck with your timing and strategy. Now as long as you keep your share price predictions and chances of success consistent whether you are in or out you may be granted straight bat status. :-) | ![]() stuart little | |
10/3/2021 22:15 | I get it now, lopodop and the diddymen are lovers, or the same person, or both nuts. Stu, I have a straight bat, I say if I’m in or out, Tomco at present is a trade imo, not a long term investment. There may be a good time to buy, I keep waiting. | rmart | |
10/3/2021 20:54 | SL on rmart's thread : "Rmart, I’m actually one of those that like to see people make money from the stock market. As long as they try and play with a straighter bat as possible! :-)" I agree with the first part but should it not be "a straight bat" full stop? | ![]() the diddymen | |
10/3/2021 20:00 | For Stuart and colleagues. You should all be on the other side ie on the Boards rather than chasing AIMS which may or may not be profitable.You have technical,skills and knowledge so getting a job as NED should be be a doddle. Mug up jargon eg intensive HIT override consultant in quantative theoretical dust analysis etc. You know rules good cv which no one checks. Demand £25000 per annum for 10 meetings. Ask for directors insurance and a good expense allowance. DO NOT risk your money by stupidly buying shares but watch your backs and at first sight of trouble manoeuvre into position for good payoff - ask for £275000 but settle for £250000. Then run! Trouble is you could become indispensable so don't say too much just tick boxes and try to stay awake at meetings. Wear dark specs and heavy pin stripe. Perhaps some smooth cologne. Arrive a bit late for meetings so you keep others waiting - your are always under pressure. Do not think I'm joking. | ![]() lopodop | |
10/3/2021 18:11 | For Stuart Little. Look at the specification given for John Potter on website and in latest accounts. Absolutely glowing but Reform Energy was simultaneously being sent to the liquidation crematorium. You ask about shareholders of Reform. Have a read - statement of affairs which gives names and addresses of those who lost. Quite a list I can tell you. Phone them and ask for a recommendation. Shareholders lost £160k and other creditors about £7million or so. It matters not whether co was listed or otherwise. Let me give you analogy. You take your wife to doctor's for intimate procedure. Supposing the doctor had fouled up previously would you say it doesn't matter and go ahead? Don't tell me you would. This is the problem, once a director fouls up he is tarnished. Had it been a small deficiency then one might be less worried but £7.5m of other people's dosh is very serious and I cannot see one one moment how he can be trusted on this project - don't forget he is on his tod most of the time. SaintSage has a different approach but we end up with the same caution. It's not just about John Potter who is as you say a hard working guy - there are so many issues here. It seems to smack of amateurism unless you can prove otherwise. I know you and others find it difficult to accept but it is a free country and you may eventually conclude it is better avoided. On the other hand you may be billionaires next month and best of Isle of Man to you. Some may appreciate our cautions. If things do not work out John Potter and the other directors will be UN affected - for one thing Tomco is Isle of Man company and for the second there are joint venture partners in US to blame. May also blame the sand. How many times have we been told SORRY OLD LAD, put it down to experience and end of story. That's the City for you and they are hard people. | ![]() lopodop | |
10/3/2021 17:46 | Rmart, I'm actually one of those that like to see people make money from the stock market. As long as they try and play with a straighter bat as possible! :-) | ![]() stuart little | |
10/3/2021 17:43 | Can I respectfully point people to the RNS of feb 2018. The appointment of john potter. Quite clearly points out all his other commitments, including Reform Energy. So the accusation made that John Potters other directorships are a secret or that Malcolm Groat needs to explain anything are simply ridiculous. Reform shares were never traded on any exchange so I doubt any PI's were burnt there. Not sure there's more to say. | ![]() stuart little |
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