Tomco Energy Share Discussion Threads

[rmart] 17/3/2021 22:04

Wilson2, I won’t reply on the pathetic JP thread. We all have a Moan and groan sometimes but to create a thread to personally have a go at someone is beyond ridiculous.

[2figaro] 17/3/2021 21:16

Dishwater ?

[lopodop] 17/3/2021 19:46

With close Valkor relationship, another project could be the processing seawater into oil.

[wilson2] 17/3/2021 18:13

Buy some more rmart ya two strikes away from a possible win

[rmart] 17/3/2021 18:08

Life!, could this be it? Or is it another false dawn?

Only time will tell.

[wilson2] 17/3/2021 16:57

Why is it up today?

[goulding1215] 16/3/2021 17:42

Thanks Damac. It was very confusing the way that post was written, and didn’t sound like a de ramper.

[damac] 16/3/2021 16:25

Goulding #18261

That post from LSE clearly states .....

“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.”


POSP was started up on the 4th January 2021 and began processing higher quality ore from the Tar Sands II site on the 11th January. The samples discussed in that post on LSE are nothing to do with Greenfield or POSP.

When this first reared it’s head in Oct/Nov (I can’t remember) I asked John Potter about it and he confirmed that it was not samples given to QFI by Greenfield. He further stated that it was an arrangement between Petroteq and QFI (for reasons only known to those parties) and that as POSP was still being upgraded at the time, they samples did not come from there.

[thesageofsaint] 16/3/2021 15:55

To all the deluded and mutually supportive irrationals, ask yourselves where the balance of probability lies?Any schedule you were all hanging your hopes on is utterly irrelevant. They have taken 10 months when it was planned to take 6 months and still no white smoke from the chimney. We now hear that the gunge they have squeezed out of the sand is full of, guess what, sand! And you thought is was just as easy as having a company led by a catering college dropout, recommission some old rusty 'gold in them there hills' prospecting paraphernalia and squeeze out pure Texas tea! You have all been had. All that is left is the confirmation that yet another chapter in the sorry tale closes but the tale continues, just with no value to you. But you had been warned on umpteen occasions, so you deserve no sympathy.

[rmart] 16/3/2021 15:52

did i mention FAR a few weeks ago?

[the diddymen] 16/3/2021 13:54

elsewhere....just enough functionality to start a bb thread!

[rmart] 16/3/2021 13:50

see ya then, if you dont like what i post go to another thread. I am not dishonest. I make comments which is what a bb is for.

If I am wrong I will admit, like i did earlier.

Idiot.

[the diddymen] 16/3/2021 13:44

Some uncertainty on the status of the samples. Nothing a bit of communication could not sort out. Equally it may be an issue that is causing delay. The company should give guidance at a key moment. Silence will shortly be interpreted appropriately.

[goulding1215] 16/3/2021 13:37

However, that could be an old post. I don’t know. Nobody knows until management enlighten shareholders.

[goulding1215] 16/3/2021 13:35

This what was posted on LSE yesterday, by obviously a Quadrise poster or their management.


auch,
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.

[wilson2] 16/3/2021 13:33

Cheltenham racing's on, leave Tomco for a few days, it still won't have changed by Friday.Clay in the batch of oil is poor considering it's oil sands

[stuart little] 16/3/2021 13:28

Left unchecked a post like that breeds uncertainty and feeds the naysayers. Already the other thread have commented on the (non existent) clay problem. Call out your mate rmart Vauch, not me for pointing out his misleading posts.

[vauch] 16/3/2021 13:25

and you believe what another poster writes. lol

[stuart little] 16/3/2021 13:09

Only one person is confused!! Rmart posted a complete untruth about the current situation. Fact.

[goulding1215] 16/3/2021 13:08

This is what happens when management do not update. Confusion.

[stuart little] 16/3/2021 13:04

If me and damac hadn't fact checked your original post you would have led people to wrongly believe the current batch was contaminated. That's not me being touchy, that's you being misleading!

[stuart little] 16/3/2021 12:43

No it's not, this is called posting utter deramping rubbish. Misleading. "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 12:41

its called commenting on the company Stu. You have become incredibly touchy. Are you impressed that at 3rd MARCH they still had not sent a sample to Qfi although they apparantly started to produce from the plant in Jan?

[stuart little] 16/3/2021 12:35

Just to be clear, you were wrong. You were talking about samples from 5 months ago, not current production. Hope you haven't got your bent bat out already.