Tomco Energy Share Discussion Threads

[vauch] 14/6/2021 08:07

I think they are stretching the time lines, which is better than a tight time line and become disappointed.

[nico9] 14/6/2021 07:57

Testing at the Quadrise research site will be less than 15 working days, Not Months

[vauch] 14/6/2021 07:57

Rmart you need to calculate the sand also as it state more sand will go when processed

7OO ready to go at $15 to $20 a tone and this from your calculations is now all profit
Also selling the produced sand means not transporting it back to site

[rmart] 14/6/2021 07:53

1st time in tomco history they have a50% share in a company producing oil and a decent income.

Money coming into the bank! Finally.

Wait now for the plan on the big new plant where the real big money kicks in.

[beetroot juice] 14/6/2021 07:50

Thats a decent RNS.. Fairs Fair Tomco or should I say Greenfield are producing Oil Daily. AND more importantly drawing/creating revenues that's a BIG first for Tomco..

So For Certain its Great News..

[jaynealex] 14/6/2021 07:44

I must say , I felt rather underwhelmed by that RNS ... Just my initial reaction

I know it's an old plant etc etc but this 250 seems illusive

Still no samples to Quadrise and when they get them a couple of months to analyse ??



Let's see how the market reacts

I thought the previous RNS was great and the price fell ...so let's see

[ducky fuzz] 14/6/2021 07:28

Just wondered how the market would react. DF

[ducky fuzz] 14/6/2021 07:27

180 is less than 250 ..

[rmart] 14/6/2021 07:25

Not produced ducky, producing daily. And increasing, why do you feel it is under achievement ?

[joeblogg2] 14/6/2021 07:22

It remains Greenfield's expectation that it will shortly reach the targeted production level of 250 barrels of oil per day, aided by the intention to process ore with an expected higher concentration of oil, mined from the Tar Sands II site, which is subject to the membership interest purchase agreement announced on 9 June 2021. 

[ducky fuzz] 14/6/2021 07:20

Will our under-achievement be looked on poorly by the market rmart / others.

Waiting for 250 a day but produced 180 a day.

[vauch] 14/6/2021 07:10

finally some actual pricing $55 before deductions but the sand price is a real bonus
$15 to $20 a tone

[rmart] 14/6/2021 07:07

So there we have it. The numbers. We are getting the equivalent of $77 per barrel! Amazing achievement.

180 x 77 is approx $500k per month coming in.

Profit is around $300k per month. This has been achieved by upgrading the old plant.

[busamitch] 14/6/2021 07:03

Greenfield Update

TomCo Energy plc (AIM: TOM), the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, is pleased to provide a further update in respect of the work being undertaken by Greenfield Energy LLC ("Greenfield"), the Company's 50/50 joint venture with Valkor LLC ("Valkor"), with respect to Petroteq Energy Inc's ("Petroteq") existing oil sands plant at Asphalt Ridge, Utah (the "POSP").

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 and has now reached the equivalent of 180 barrels of oil a day. It remains Greenfield's expectation that it will shortly reach the targeted production level of 250 barrels of oil per day, aided by the intention to process ore with an expected higher concentration of oil, mined from the Tar Sands II site, which is subject to the membership interest purchase agreement announced on 9 June 2021. Further shipments of oil are anticipated in due course at similar prices to the first shipment, being circa US$55 per barrel, with any change in price reflective of the prevailing oil price at the time of shipment.

A sample of produced oil is also being prepared to be shipped to Quadrise Fuels International plc in the UK, for the purpose of assessing the suitability of the heavy sweet oil produced by the POSP for their emulsion process. It is expected that this sample will leave the US before the end of June 2021, with testing taking place over the coming months.

Additionally, as previously announced, Greenfield and Petroteq are working with a local specialist firm to identify potential customers for the processed sand. The firm has, to date, taken an initial 40 tonnes and it is anticipated that they will take the further circa 700 tonnes of processed sand currently available, together with further sand as it is produced, over the coming weeks. The proceeds from the sale of sand are approximately US$15-20 per tonne.

[rmart] 13/6/2021 19:29

Lopodop, finally a post I can have some agreement with. Yes I do agree the bod could have/should have had the share price up to around 2p by now. I am giving them this next opportunity to see their real colours.

[wilson2] 13/6/2021 17:53

Maggots grow in rmarts brain

[beetroot juice] 13/6/2021 17:53

You want two safe bets. (1) Zephyr (2) Guild Esports..

Do yourselves a favour and buy some more reliable stocks. IE the two mentioned above.

[beetroot juice] 13/6/2021 17:51

Stuart Littles posts are senseless.

A placing is ok or good from a position of strength he says.

NOOOOOOO. Thats ludicrous Lunacy.

If Tomco was in a position of strength it needs no Placing..Why? Because its strong, robust, cash in excess, Cash coming in all liabilities covered..

If it needs a placing, its weak, broke, spends more than it earns, is highly dilutive to current holders etc etc..

Anyway why has Fish face brought up a placing and not very smart agrees its a good idea?

Maybe because this pair of Insider traders got the nod from Mr Potter and got told go sell it boys..

[lopodop] 13/6/2021 17:28

BUT BUT BUT SL who believes the company is in a position of strength. Look at the share price, the good old market is giving fair warning there may be problems ahead. So a placing is to be 'feared' - it will decimate the share price and the placing will be for a big number - why do it otherwise.
Why not ask JP to level with investors - what is he afraid of - MG PERHAPS. And tell him if he doesn't know, many of the troops are very edgy apart from yourself of course.

[stuart little] 13/6/2021 16:59

I think fn put him on the ropes ripping apart his previous post criticising the company on its due diligence so he pulled the derampers ace card of a placing. A broken clock is correct a couple of times a day. Placing here in the future was discussed yesterday and quite rightly shouldn't be discounted, nor should it be particularly feared. A placing from a position of strength is a differently proposition.

[lopodop] 13/6/2021 16:44

Rmart
Had the company been well managed and investors kept well informed, even at this stage of the long game, TOM share price would probably have been around 2pish and the issue of a placing would not have been a concern.
Now either the BOD are deliberately seeking to keep the price down or they have little faith themselves and cannot handle the situation. Which is it?
Based on the information provided by Petroteq etc if there is validity in what GF is trying to do, it is quite feasible that TOM and Valkor are in discussions with a third party.
So Mr Groat what is holding back the share price?

[rmart] 13/6/2021 16:38

Maybe we should go back over all your posts and see how long you have been saying the same old rubbish, is it 6, 12,18 months?!

[rmart] 13/6/2021 16:08

Bang on about a placing long enough and eventually you will be right whether it be 6,12,18 months say it enough and one day you will hit. Like playing one number on roulette eventually it will hit and you can claim you were right. TOTAL BAFOON.