Tomco Energy Share Discussion Threads

[rmart] 06/6/2021 18:19

Not expecting too much tomorrow, hope not anyway, wanting a top up on Friday, keep the news away👌

[wilson2] 06/6/2021 18:10

It's a beautiful sunny day , Hartlepool are in the playoffs, and all you can talk about is tomco

[ducky fuzz] 06/6/2021 16:16

Under 16 hours till the market opens. DF

[ajj2003] 06/6/2021 14:08

I would expect news on the targeted production level of 250 bopd being consistently reached and then maybe increased levels of production in the near future. Further to the lifting of the Cessation Order on 25 May 2021 and resumption of operations at the POSP, the rate of production has been increasing such that Greenfield anticipates that it will shortly reach the targeted production level of 250 barrels of oil per day.

[con90210] 06/6/2021 13:19

News due soon before July as per RNS. Exciting times.

[damac] 06/6/2021 13:17

Rmart,

The third party verification is almost completed in that there is no further need for on-site inspection (as per the RNS). All that remains of the verification is in the third party agreeing that figures & statements entered into the FEED are a true reflection of what they have witnessed on-site.


“The FEED study will be finalised following the Company's and Greenfield's review with the third-party verification exercise on the process also nearing completion, with all planned on-site activities having been undertaken. It is therefore currently anticipated that the FEED study and the third party verification work will be finalised by early July 2021.”

[tom111] 06/6/2021 12:45

Clearly things are beginning to happen here with news flow coming on stream which should support the share price along the line

[ducky fuzz] 06/6/2021 11:08

It will be interesting to see if the short term prediction of 1.5p is achieved.

[goulding1215] 06/6/2021 10:26

Rmart, don’t forget the sand Production and sale which negates the cost of production. Probably the best value CLEAN oil on the planet. As you say not a lot to dislike.

[vauch] 06/6/2021 09:28

Most likely Wilson but after all it is the weekend

[vauch] 06/6/2021 09:17

Well the warrants are in effect free money to the holders so no real need to keep them beyond .9

[tom111] 06/6/2021 08:59

The share price will now imo be dependent in the near term by how the warrant holders play their cards.I would have thought they will see a lot of mileage in the share price before drip feeding the warrants,lets hope so anyway otherwise they will kill it off

[goulding1215] 06/6/2021 08:27

Thanks to Damac for all his accurate posting and up-to-date information.

A lot of talk about the future production, finance, share price etc. However, a big press release will do wonders for the share price That is what the BOD should be doing. Unless Damac can find some more spare time.

[ducky fuzz] 06/6/2021 08:18

And will rmart still be holding this time next week again lol. DF

[ducky fuzz] 06/6/2021 08:17

Hi g and it's been at least a week since you've had a moan about something lol.

[lopodop] 06/6/2021 07:44

Wilson2
How much money is left NOW? Why is SL quiet? What has he been told?

And so far as one can tell, the board has no material interest whatever in this operation.

[goulding1215] 06/6/2021 07:39

what sounds too good to be true?

The oil production?
The sand Production?
The production cost?

and

Rmart’s posts!!

[wilson2] 06/6/2021 04:05

Has everyone lost there mind,

[damac] 05/6/2021 20:42

Yep, both valid points for consideration.

[busamitch] 05/6/2021 20:22

You would also hope that any optimisation leans towards successful deployment on the proposed lease which has its own existing infrastructure.

[vauch] 05/6/2021 20:18

But on the other hand while the plant is starting construction, the co can get better at running this one and carry the knowledge with them.
Also If PQE are taken over then it would be Greenfield that know the ins and outs of this plant.

[damac] 05/6/2021 20:15

Don’t know for sure Ducky but I personally would view the continued management of POSP to be a distraction from the much more important work of starting the process of building their own plant.

[damac] 05/6/2021 20:12

They may take the extension then find by the end of July they have concluded an “appropriate demonstration for potential lenders” so give the keys back then and walk away 🤷🏻‍♂️