Tomco Energy Share Discussion Threads

[rmart] 25/6/2021 15:08

Tomco's value is in:

50% ownership of Grenfieled which has secured the rights to land with a Large Mining Permit already in place and 55million barrels of oil in place which will also produce around 80million tons of clean facking sand.

This land will give Greenfield (50% owned by tomco dont forget), approx 20 years of production at 10,000 barrels of oil per day. and 15,000 tons of clean fracking sand per day.

The licence Greenfield have is a multi site licence. So they could in effect build as many 10,000 bopd plants as they wish.

Tomco themselves also have a further 9 leases with millions of barrels of oil in place which could be utilised later.

Of course all of this is worth ZERO according to Sage..

[ducky fuzz] 25/6/2021 14:32

I think trading here will be quiet until we get news or rmart gets his check book out
again.

Good to see the positivity return. DF

[thesageofsaint] 25/6/2021 14:29

Cannot standby and let stand unchallenged the lies and self interested deceit that this arch leach is purveying as fact. To suggest that TOM has any intrinsic value by dint of its current contract with Petroteq for modifying the contraption is simply a lie and knowing deceit. Greenfield simply is paying Petroteq to modify its existing machinery in an attempt to show it can be made viable after Petroteq ran out of money. If it can demonstrate this, and patently it is struggling to do so, then all it has done is enhance Petroteq's IP value. Petroteq can sell or license its technology to anyone willing to pay and there is no value to Greenfield. TOM has no assets either tangible or otherwise. Anyone who wanted to use Petroteq's technology would simply negotiate with them and agree a license agreement. Greenfield has no value in this technology nor does the current contract agreement confer any value.

[sue999] 25/6/2021 14:29

everybody is piling in to HUR. Some of the profits will be landing here soon.

[ducky fuzz] 25/6/2021 14:12

Only 6,200,000 TOMco shares traded in over 6 hours. That is really low volume for us.

[goulding1215] 25/6/2021 13:43

$100 a barrel oil “sure is possible,” Harold Hamm, executive chairman at Continental Resources, told FOX Business on Thursday, commenting on oil prices and supply and demand on the oil market.

That is without any sand or a premium!

Take-over price going up every day!

[goulding1215] 25/6/2021 13:40

hxxps://oilprice.com/Energy/Energy-General/US-Democrats-Launch-Another-Attack-On-Oil-Gas.html. The attack in the full article is on use of water. Greenfield don’t use any water. So much about this system in producing oil and sand to admire if you are a tree hugger, and TOM SHARE-HOLDER

[rmart] 25/6/2021 13:26

With some much improved news flow expected hopefully starting next week I am surprised there are not more people loading up today, maybe this afternoon will see more come in

[ducky fuzz] 25/6/2021 13:12

Cut that out V you are making me hungry. I'm trying to lose weight.

[vauch] 25/6/2021 13:11

That like KFC running out of chicken, oh they did.

[ducky fuzz] 25/6/2021 13:09

Probably too cold LOL.

[vauch] 25/6/2021 13:08

So that is another week the plant has not run.
Are they not keeping tabs on what is being used.

[busamitch] 25/6/2021 12:44

Be nice to know what the solvent recovery rate is.

[vauch] 25/6/2021 12:33

All in all a good week then

[busamitch] 25/6/2021 12:20

From Reddit:

"
r/Petroteq
Posted byu/petromod
moderator
1 day ago

Utah Division of Oil, Gas and Mining OGM File Services - Petroteq Processing Activity, Week Ending June 19, 2021
Report 📊
During the week ended 19 June 2021, the following volumes of ore were mined, delivered to, processed or removed from the Temple Mountain site:

No ore was processed during the week; awaiting solvent delivery. 113 CY of newly mined ore was delivered from offsite while 134 CY of lower quality offsite ore was removed from site. 224 CY of cleaned sand was collected by Sand Processor while no new cleaned sand was added to the storage area resulting in a net reduction of 224 CY of cleaned sand in storage.

Reports have indicated that one delivery of solvent arrived on June 19, 2021 and the balance is expected to be delivered today, June 23, 2021."

[ducky fuzz] 25/6/2021 11:24

Anyone know whether Greenfield are staying at Asphalt Ridge for the rest of the year.

Anyone know if the 250 barrels a day has been achieved or is it irrelevant.

[lopodop] 25/6/2021 11:09

DS
exciting this week, next week, week after that etc. But the market is shouting out loud and clear - more of the same - it can see grave pitfalls.
However the chairman may do a deal and sell - market will react accordingly.

[ducky fuzz] 25/6/2021 11:08

rmart / anyone .. It is very cool to hear poster's opinions that TOMco are likely to get taken over. Does anyone know how Valkor would view this happening. Or do posters feel that Valkor would be happy for Greenfield to get sold for a windfall amount.

Someone posted that Valkor had a World Wide turnover of 2 Billion dollars do they need the cash. DF

[ducky fuzz] 25/6/2021 10:51

I wonder if next week will be exciting. DF

[goulding1215] 25/6/2021 10:04

Absolutely Jay. Even at ten times that figure it will be a steal. It will be a licence to print money.

[jaynealex] 25/6/2021 09:54

Well let's hope the controlling interests want a big number ..5p is way to cheap , in my opinion

[rmart] 25/6/2021 09:43

And Greenfield (Tomco/Valkor 50/50) Have the ONLY multi plant licence from Petroteq, Saving $2m each time they build a new plant. In 5 years from now there will be hundreds of these plants imo with the technology constantly improving and production costs lowered along the way.

I dont beleive Tomco will be around that long as there will be many big companies wanting the unique licence we have in Greenfield. Just my opinion but I think there is going to be a take out. BWTFDIK.

[goulding1215] 25/6/2021 09:41

Such a good article, highlighting how far advanced in the production of clean oil AND sand is years ahead of BIG OIL. Just wait after President Biden’s latest message to improve the infrastructure will resonate through the industry. I think we can all rub our hands and wait for bids to come in,

[ajj2003] 25/6/2021 08:58

Petroteq's bet on Zero-Waste Oil Sand Production amid rising demand for share buysBy FORTUNE INDIA EXCHANGE, Jun 22, 2021Petroteq's bet on Zero-Waste Oil Sand Production amid rising demand for share buysPetroteq hopes it can disrupt the oil and gas sector by developing oil sand technologies that are environment friendly after aggressive demands from European brokers. It's a bold disruption happening in Utah.The advent of green and sand based oil production is about to happen finally after being talked about for decades. With oil prices fluctuating consistently and impacting global economies, in a sudden turn of events; oil brokers focusing on Zero Waste oil sand production technologies were driven to Bundesanzeiger, the official division of department of Justice and Consumer in Germany after seeing aggressive demands to buy shares in Petroteq.Overcoming the previous activism and resistance, Petroteq Energy; a Canadian startup operating primarily out of Utah, is disrupting the oil and gas sector through its patent pending CORT technology.OIl and gas sector has always struggled to shrug off its image as the prime villain for causing extreme damage to nature and environment. New oil extraction orders have often caused political storms and seen intense protests from environmental activists. These haven't impressed the wall street and oil companies much. And little wonder, these companies and their boards have always remained the targets of environmental and nature activists.As it stands; Petroteq is a clean technology company focused on the development and implementation of a new proprietary oil extraction and remediation technologies. The Company has an environmentally safe and sustainable technology for the extraction and reclamation of heavy oil and bitumen from oil sands, oil shale deposits and shallow oil deposits.As it stands, this sector long needed a disruption in its production technologies to ward off these protests and activism. As it stands; CORT by Petroteq eliminates waste tailing ponds, emissions, use of water and removes 99% of hydrocarbons from oil sands. The economic potential of CORT is enormous but what truly excites the oil and gas companies is the innovation Petroteq has brought to the industry. CORT is helping oil and gas companies achieve something that seemed implausible yet impossible a few years ago, Says, Alex Blyumkin; a oil and gas industry veteran and CEO of Petroteq.For Petroteq, the hazardous challenges in O&G industry are not a secret. Oil and Gas companies, behemoths and smaller ones alike; have always struggled with ways that can prevent environmental damages during production. This sector has always faced uphill battles per se water wastage, wildlife protection, increased emissions etc.After reviewing all available information, the Petroteqs's management notified its board of directors which directed management to contact the Uppgard Konsult AB, Sweden, the party identified in Bundesanzeiger, to request additional information about the proposed offer.And then comes the importance of hydrocarbons and EPA identified tier levels of oil sand. This is where CORT by Petroteq could be of best use to the oil and gas industry focused firms operating out of places like Utah and other american cities.CORT extracts almost 99% of hydrocarbons and thereby allows Petroteq and other oil and gas sector companies to reach EPA 1 levels of oil sand and this sort of unexpected outcome gives CORT remediation capabilities. For Petroteq and oil and gas industry verteran Alex Blyumkin, CORT isn't the only thing that differentiates them. CORT seems less expensive than it appears.Alex Blyumkin says, the privileges of being placed in Utah gives them and other oil and gas sector companies a very unique positioning because oil sands in Utah contain little to no sulfur and meets IMO 2020 standards. Being on par with the productions from Bakken and the Permian Basins further the claims of Utah oil sands being a heavy oil resource.Surface oil sand mining has been on the rise and currently there are over 25 countries actively indulging into it. This means companies with focus on surface oil sand mining have over 1.2 trillion barrels of untapped oil. No wonder companies like Petroteq and others in the oil and gas sector are aggressively focusing on increasing their oil production apart from licensing and leasing out CORT to other large scale producers.Petroteq did not have prior knowledge of this aggressive shift in share buy offer, nor was it able to perfectly comment on the legitimacy or legal compliance of this share offer. Alex Blyumking confirmed that Petroteq only became aware of it upon being notified by several shareholders.?We reached out to Uppgard Konsult AB in regards to this offer and they neither confirmed nor denied making any filings in relation to the offer under the Securities Exchange Act of 1934, as amended, or under applicable Canadian securities legislation.Oil and gas industry has hit an inflection point with CORT. CORT as a zero waste oil sand production technology has made commercialization and leasing opportunities possible for companies. Little but no wonder Petroteq is making a bet on Zero waste oil sand production and thereby allowing other oil and gas sector companies to diversify their core business models and revenue streams.