Tomco Energy Share Discussion Threads

[ducky fuzz] 26/6/2021 10:01

Hi hot .. we all know TOMco's time lines. Early July = August LOL.

[ducky fuzz] 26/6/2021 10:00

rmart .. honest of you to say.

I am wondering what TOMco will do in the 12 months between leaving the POSP and the commencement of our own 5,000 barrels a day plant.

Is there any chance of TOMco restarting the other oil venture they had. Was it RF or Turboshale on their own leases.

[hotfinance14] 26/6/2021 09:58

We should have the results of the FEED study in the next week or so :

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

[ducky fuzz] 26/6/2021 09:57

Does the site Greenfield are buying have any of the required infrastructure. Does it come with oil storage tanks etc ..

[rmart] 26/6/2021 09:55

A profit is a profit, I have done ok the last few times but I think now the directors have their options the news flow will be better. So I will stick around for at least the next 3 or so rns to see where we are going, I will then decide.

[rmart] 26/6/2021 09:53

I think they have trucks that can take just under 1000 barrels so that will only be max 10 per day but I wonder if a train line/ oil pipe may be introduced? One for the more knowledgeable?

[ducky fuzz] 26/6/2021 09:50

Thanks rmart.

I was going to ask you how long you expect to be a long term TOMco share holder,
but decided against it as I know you can't resist a profit.

[rmart] 26/6/2021 09:47

If Msar works then a premium price will be achieved. Depends on the amount QFI would want and the premium achieved as to wether they add it in. I doubt transport is included in production cost.

Don’t forget the sand sales cover production costs.

[ducky fuzz] 26/6/2021 09:35

Another question please .. If Greenfield are able to get top dollar for what they are producing why would they need the Quadrise system ....

[ducky fuzz] 26/6/2021 09:32

Is oil transportation included in the 20 dollars per barrel production cost ...

[rmart] 26/6/2021 09:31

It will be a lot less on higher production, the bigger trucks will be sent in.

[wilson2] 26/6/2021 09:26

Tomco 0.59 . Last week it was 0.7 What does this tell you about Tomco's prospects

[ducky fuzz] 26/6/2021 09:25

The 13 bucks transport shocked me a bit.

[rmart] 26/6/2021 09:19

Ok I missed it, great news though isnt it? Full WTI, some on here have been trashing the quality of the oil it produces, another nail in their coffins.

[hotfinance14] 26/6/2021 09:09

Old news. That was posted on here a week ago.

[rmart] 26/6/2021 08:45

SHERMAN OAKS, CA / ACCESSWIRE / June 17, 2021 / Petroteq Energy Inc. ("Petroteq" or the "Company") ‎‎(TSXV:PQE; ‎OTC PINK:PQEFF; FSE:PQCF), a ‎company focused on the development and implementation of its proprietary oil-‎extraction ‎technologies, is pleased to announce that the oil produced last week at Asphalt Ridge (the "POSP") Petroteq's oil sands facility was sold and collected by a buyer last Friday as expected. The buyer was only able to load 200.52 barrels of crude, owing to trucking weight limitations. The buyer paid West Texas Intermediate ("WTI") pricing of US$70.91 per barrel for the 10.2° API heavy sweet crude oil produced by the POSP. Transport costs of US$13.00 per barrel to the refinery in Nevada reduced the net realized price to US$57.91 per barrel.

So there we have it, we get full wti price less shipping costs. I would bet on higher production the shipping cost will be a lot less.

Wti now $74

[busamitch] 25/6/2021 20:01

Not necessarily....

"The company announces that despite the premium price, Petroteq Energy Inc shareholders' approval in Germany of the takeover offer has so far fallen well short of expectations

For this reason, Uppgard Konsult AB has not been able to secure the intended takeover of the shares to date.

The customer and the company are now evaluating the official expansion of the offering to the North American market."

[hotfinance14] 25/6/2021 19:53

I assume we will know the so called buyer behind the Petroteq bid on the 30th June.

[lopodop] 25/6/2021 19:46

Why did Kirchner the American depart suddenly. Generally if there is a sudden unexplained departure, it is indicative of something not being right and investors need to get to the bottom of this.

[rmart] 25/6/2021 19:14

Ah popped in on a Friday eve for the last word sagey boy.

Ever thought that the seller may be needing cash? Ever wondered why shares can go from pennies to pounds? It happens, deals happen, maybe the sellers don’t believe greenfield will be a success, does that mean it won’t be?

Maybe the seller will be kicking their own balls in 18 months?

You don’t know, I dont know, none of us know. Only difference is you seem to think you know better than everyone else and you don’t you just want to try and appear better than everyone else.

I believe my shares will be a minimum of 5p within a year, you don’t, but that does not make you right. You simply do not know, try admitting that and stop trying to be something you are not.

[thesageofsaint] 25/6/2021 18:58

Dear me you know you can con the infantile minds on here, but none of the self serving drivel has any commercial actuality. There are two parties to every deal. The current land owners are likely not to be as daft as say Goulding or Ducks Fizz, and they clearly know the value of the land titles and potential minerals. You would have us believe that the value is 33% of 55m at $70/barrel. This is $1.25b. You think that Tom have successfully negotiated a price of $16m for a $1.25b asset.You are either thick as a plank or the liar I believe you to be and you think/know that most on here are so mentally deficient that they will believe whatever is written by the all knowing Rmart. What a lot you all are.

[busamitch] 25/6/2021 16:48

PetroTeq Energy Group
@PetroteqI
·
1m
PetroTeq Energy Inc

With EPA TIER 1 Quality Sand & Oil Price Range that the Unconventional Oil & Gas Industry can Profit.

Finding Good Sand Quality & Amount Needed is Another Service that PetroTeq can Provide.

8000 ft Horizontal well can Consume 8000 tonnes.

[rmart] 25/6/2021 16:17

frankly i couldnt care less what you think. FWIW I actually think you are a proper wrong un. But who cares?

You routinely come here to rubbish a company and tell us all the company will not get finance and you have no clue. We will wait and see and once again when you are proven wrong you will still churn out your drivel.

When they get finance they will own a $16m assett with 55m barrels of oil on it and a proven method to extract the oil.

How much is oil in the ground worth again with a proven extraction method? is it 1/3rd the market price?

I am assuming, correctly, that the people who give the finance are slightly more informed and a lot more intelligent than yourself.

[thesageofsaint] 25/6/2021 16:10

You are a proper wrong un. Firstly they do not own the land and have only paid a $200k deposit. If they get finance, which they won't then they simply will have a $16m asset with a $16m finance debt, so ZERO net value. They can only delver on your ridiculous BOPD target if they can find just a small $100m in spare change, which they won't. So again no net asset value. Any company that wanted to develop tar sand with Petroteq's technology would simply acquire a plot of land with the necessary rights and potential and agree with Petroteq a licence deal. No need to buy the racket that is TOM's rented postal box and its only employee, a catering college dropout. That you lie so routinely shows you to be the absolute delinquent you are. What you will do for a few quid. Shame on you. I detest lowlife such as yourself. You make me ashamed to be a Lancastrian!