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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 |
---|---|---|---|
09/6/2021 07:18 | rmart .. Yes but they don't say do they. Why not. | ![]() ducky fuzz | |
09/6/2021 07:17 | Also the plant must be going well as they have been holding back on a lease for the plant results. So that is the next part of the puzzle now in place. As others have posted this is not going to stay this low much longer | ![]() vauch | |
09/6/2021 07:17 | Ducky , ‘ The Site has the key attributes that our JV has been seeking’ This will be the 55m barrel site. | rmart | |
09/6/2021 07:16 | Hope so Vauch and look like there is a serious business plan in each stage to progress to production. Tomco and a serious business plan for production, never thought I would hear those phrases in a sentence ;) | ![]() ajj2003 | |
09/6/2021 07:15 | Excellent news, so greenfield are buying the company which owns the land, no royalty fees or lease payments! $2m required in 3 months. 250 bopd x $60 profit (with sand sales) = $1.35m, TOM already has $1.5m set aside for this previously. Excellent deal making. | rmart | |
09/6/2021 07:14 | damac, fn and SL comments please. | ![]() ducky fuzz | |
09/6/2021 07:14 | It has oil as this site will be the one that they have been testing. | ![]() vauch | |
09/6/2021 07:14 | STILL it's excellent progress. DF | ![]() ducky fuzz | |
09/6/2021 07:12 | There isn't any detail is there .... In the meantime the POSP continues to produce saleable oil and sand .. HOW MUCH. Then there is the land purchase .... does it have oil .. HOW MUCH. | ![]() ducky fuzz | |
09/6/2021 07:12 | Also is the plat now at 250 a day? | ![]() vauch | |
09/6/2021 07:12 | Wow the value of the parcels is now skyrocketing. | ![]() vauch | |
09/6/2021 07:10 | Keep operating the current plant to pay for the new site this year. Makes perfect sense to me ? | ![]() ajj2003 | |
09/6/2021 07:03 | 9 June 2021 TOMCO ENERGY PLC ("TomCo" or the "Company") Greenfield Update : Conditional Site Purchase Arrangement TomCo Energy plc (AIM: TOM), the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, is pleased to announce that Greenfield Energy LLC ("Greenfield"), the Company's 50/50 joint venture with Valkor LLC ("Valkor"), has entered into a membership interest purchase agreement (the "Agreement") with Endeavour Capital Group LLC ("Endeavour") and Tar Sands Holdings II LLC ("TSHII") with respect to the potential acquisition by Greenfield of up to 100% of the ownership and membership rights and interests in TSHII (the "Membership Interests"). TSHII owns approximately 760 acres of land and certain non-producing assets (the "Site") in Uintah County, Utah, USA. Greenfield plans, subject, inter alia, to the completion of satisfactory due diligence and securing of the requisite funding, to use the Site, if ultimately acquired via TSHII, for the future mining of oil sands and construction of a commercial scale processing plant utilising the findings of the FEED (Front-End Engineering and Design) study, once finalised and the process independently verified, and other knowledge and experience gained from Greenfield's operation of Petroteq Energy Inc's existing oil sands plant at Asphalt Ridge, Utah. (the "POSP"). The Site has existing infrastructure, plant and equipment, together with an existing Large Mine Permit No. M0470032, that could facilitate any future development by Greenfield. Pursuant to the terms of the Agreement, Greenfield has paid a non-refundable deposit of US$200,000 to secure a 90 day period to undertake due diligence and an exclusive option for up to 120 days to acquire an initial 10% of the Membership Interests . Greenfield can exercise its right to acquire an initial 10% of the Membership Interests for cash consideration of US$2 million (against which the deposit shall be credited) on or before 1 September 2021. Following completion of the acquisition of the initial 10%, Greenfield will then have an exclusive option, at its sole discretion, to acquire the remaining 90% of the Membership Interests for additional cash consideration of US$15.25 million, if acquired on or before 31 December 2021, or US$16.25 million if acquired between 1 January 2022 and 31 December 2022. Greenfield has the right to unilaterally terminate the Agreement at any time during the initial 120 day period from its execution for no penalty save for forfeiting the upfront US$200,000 deposit. The Agreement also contains certain commercial and other representations and warranties between the parties customary for a transaction of this nature. There can be no certainty that Greenfield's due diligence exercise will be satisfactory or that the required funding can be secured to complete the acquisition of a 100% Membership Interest and further announcements will be made as and when appropriate. Commenting, John Potter, CEO of TomCo, said : "I am delighted that Greenfield has secured the right to acquire, via TSHII, a suitable site for the potential construction, subject to funding, of its first commercial scale plant. The Site has the key attributes that our JV has been seeking and Greenfield will shortly be commencing detailed due diligence, whilst simultaneously progressing discussions with potential funders. In the meantime the POSP continues to produce saleable oil and sand and we look forward to providing further updates in due course as matters progress." | ![]() ducky fuzz | |
08/6/2021 20:19 | DF It may be that a buyer has already approached TOM and you may find that the Board takes the view that the job ahead is too big for a minnow; better to accept an offer now than hang on and struggle for next couple of years with all the issues that have to be faced. However disappointing, investors as a whole may have to swallow this. Of course the Directors would be well rewarded for their hard work - what would you do? | ![]() lopodop | |
08/6/2021 18:16 | Also what does this mean please ..I moan about a cheap takeout at these prices ..but as long as the controlling shareholders know the real worth ..they're relaxed No takeover will be approved unless it satisfies they're objectives Will this company be an Amazon or FB ... Or will.it be swallowed up when the big boys catch on | ![]() ducky fuzz | |
08/6/2021 18:14 | jay .. what do you mean by .. This / these shareholders control enough shares probably to ensure their objectives are met going forward .. | ![]() ducky fuzz | |
08/6/2021 17:45 | IMPASSE. Stalwart investors have high expectations based on on public or less public feeds. But for others it is come in say hello and then OUT. Do the remaining directors excluding JP have reasonable confidence - absolutely NO supportive evidence that they do - so if not why? May be they are trying to caution investors about the future? So what is there apart from lots of encouraging hypotheses. Who is fairly confident in absolute terms from TOM's perspective? | ![]() lopodop | |
08/6/2021 17:06 | Interesting isn't it Rmart There must be a main man / men in Tom and it isn't Potter or the board as they don't own any shares to speak of This / these shareholders control enough shares probably to ensure their objectives are met going forward Potter keeps them upto date , job done I moan about a cheap takeout at these prices ..but as long as the controlling shareholders know the real worth ..they're relaxed No takeover will be approved unless it satisfies they're objectives Will this company be an Amazon or FB ... Or will.it be swallowed up when the big boys catch on | ![]() jaynealex | |
08/6/2021 17:05 | 75m shares traded today. More stock changing hands and cemeting a new bottom level. | rmart | |
08/6/2021 16:50 | Just look how clean the sand is. I am appaled that tomco still refuse to give shareholders any insight into things like this. They ARE allowed, they just refuse to do it. So whilst I am happy with progress on the plant I am equally disgusted at the BOD treatment of shareholders. | rmart | |
08/6/2021 16:38 | Happy with that after 5 rising days. Could go again tomorrow. | rmart | |
08/6/2021 16:36 | A solid day today - 😇 | ![]() wolfcub | |
08/6/2021 15:57 | Drip drip started already. | ![]() palace pete | |
08/6/2021 15:08 | Sorry Ducky...lol | ![]() ander |
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