Tomco Energy Share Discussion Threads

[vauch] 07/4/2021 13:41

how many acres do Tom have for its Turboshale

[goulding1215] 07/4/2021 12:24

Yes Damac, and it all revolves around Stephen Byle, I wouldn’t like to play poker with him.

How about this for a guess. Suggestions on LSE is that Valkor might buy PQE, after the POSP is finished. My guess is that as GREENFIELD, have the rights to as many plants using the Petroteq technique for free, that Valkor will just walk away, and leave it All to Petroteq and its debt. As per the contract. Greenfield will start its own plant. The pre-FEED will make interesting reading. Aimho

[damac] 07/4/2021 11:37

Another point to consider re these leases taken on by Valkor. Wouldn’t these leases now have to be evaluated to assess which ones have desired levels of suitable oil bearing ore? There would be large costs associated with doing this. Greenfield (at present) couldn’t fund a evaluation programme and neither could Tomco so it would make sense for Valkor to take on the leases, evaluate them and then take their reward for doing so in the shape of royalty payments on leases they then sublease for development.

[rmart] 07/4/2021 11:34

Over 15,000 acres secured by Valkor. Now I am not supposing Steve Byle has done that without confidence that what they are doing is working fine.

My theory fwiw is that Valkor stumped up the cash and they will eventually go to Greenfield in the future once production cash starts coming in or finance is secured for the new plant.

[rmart] 07/4/2021 11:23

It would be nice Damac. I hope this latest attempt of mine to time it right is a good one!

[damac] 07/4/2021 11:17

It is ‘hoped’ that some ‘unexpected217; news will drop this week.

[damac] 07/4/2021 11:16

We have been expecting since end of January lol

[lopodop] 07/4/2021 11:14

If Greenfield's ambition to build a plant fails due to lack of finance, how can the JV carry on.
Valkor hold nearly all the cards, may settle the JV with some payment to TOM for its share of IP and Valkor goes on its merry way with opportunities galore.
Back to RF goes Tom and more funding required.
SB is light years ahead and a real operator. Let's dump Greenfield once technology proven and try to set up participation in Petrovalk direct.

[rmart] 07/4/2021 11:14

hotfinance14, is that a serious question :-)

Never EXPECT, just HOPE.

[hotfinance14] 07/4/2021 11:03

When do we expect the next TOM update ? End of next week ?

[stuart little] 07/4/2021 09:09

This is important as protection for Tomco holders going forward and cements us to Valkor. ""Any IP developed as result of the upgrade and from the tests to be run will be the property of Greenfield". Shrewd move by our BOD's.

[lopodop] 07/4/2021 08:52

This is exactly the problem. It is not 50/50. It is all about PetroValk.

Tomco is being cut out bit by bit. How can there be a JV if Valkor is not committed.

[jaynealex] 07/4/2021 08:33

To me that just says valkor is looking after valkor and again you ask why did they need us for Greenfield

And what comes next ?

Still alot of value to be had for Tom investors if it's handled well

[lopodop] 07/4/2021 08:25

It seems Greenfield may have been outflanked by Valkor in terms of the land deal.

How does it affect 50/50 deal going forward - could Valkor walk out and set up its own plant on its own land.

[vauch] 07/4/2021 08:24

Also if they are leasing the land are they allowed to sell the sand

[damac] 07/4/2021 08:21

Thanks rmart, think the poster on LSE has just added all those figures in the first paragraph together by the looks of it.

[rmart] 07/4/2021 08:18

but as usual of course Tomco tells its shareholder jack. :-)

[rmart] 07/4/2021 08:16

damac, the price is on the website. ?

FINANCIAL/REVENUE Applicant paid $336,402.00 for the initial payment on this lease which includes first-year's rental of $15,291.00, first-year's minimum royalty of $152,910.00, and bonus bid of $168,201.00.

SUMMARY Approved for a 10-year term, with a bonus of $168,201.00. Annual rental is $15,291.00 and annual minimum royalty is$152,910.00. Production royalty is the greater of $3.00 per barrel of leased substances or 8% of the gross value of the leased substances

[stuart little] 07/4/2021 08:14

Clearly it would hand been nicer for tomco to be directly linked with these but for now i am satisfied with the read across from the company with all the info coming from the POSP. Steve Byle wants to create an oil sands industry, not just one plant, this purchase is part of the greater plan.

[lopodop] 07/4/2021 08:14

BT
GOOD question - why did Greenfield not go 50/50 with Valkor in purchasing leases?

Is there a conflict of interests?

[vauch] 07/4/2021 08:09

I can see if all works out well, all company's will be drawn under one umbrella.
Next will be if TOM decide to resurrect the RF program.
To bring a larger extraction system to the table, as Valkor are keen to get hold of it

[damac] 07/4/2021 08:08

Rmart, the poster on LSE reckons it was $650k they spent on the leases.

[bungeetrader] 07/4/2021 08:06

Begs the question; why didn't TOM buy the leases then?

[damac] 07/4/2021 08:03

Or as the poster on LSE mentioned, perhaps Valkor have just identified a business opportunity of their own, speculatively taking on surrounding leases to potentially sublease at a later date, including to Greenfield.

Think about it, if Valkor were to sublease any of these areas to Greenfield (even to the same value they have just taken them on at) and Greenfield were to process the resources on that site, Valkor as the over all lease holder would be due royalty payments on all oil produced and sold. Better Valkor being in that position than some other unknown company that would hold Greenfield to ransom.

Like goulding, total speculation from me.