Tomco Energy Share Discussion Threads

[lopodop] 02/7/2021 09:41

Talais
Use your brain - think. This is going one way - not up under the present organisation.
The Board will continue to live off shareholders and can spin this for a good few months subject to a placing. Ultimately with MG and JP, neither of whom have any ENGINEERING / OIL EXPERTISE on record, SB will go his own way and leave poor TOM with zilch. Then off TOM goes to RF again with a different board. It's a good story.

If MG had any commitment to TOM he would have moved heaven and earth to get the share value to 2p.

[talais] 02/7/2021 09:34

Think this has been missed by the market, this afternoon and next week could get quite interesting.Will we get an media update.

[goulding1215] 02/7/2021 09:31

Yes, we have never seen major oil company mentioned in an RNS from TOM before.

What would light the blue touch paper is who wants to test Greenfields oil?

[vauch] 02/7/2021 09:31

One thing that would lite the touch paper is knowing who the mystery buyer of PQE is

[talais] 02/7/2021 09:21

Seems like a block seller, once cleared this will start to move.

[jaynealex] 02/7/2021 09:21

Goulding , I can't believe we're not flying !

[goulding1215] 02/7/2021 09:07

Well, I am excited over this rns. I think it is the most important rns by TOM since it’s inception. Why? Because it is on its way to be an oil producer. However I consider this paragraph to be the most important:-

. A sample of produced oil is being shipped to a large oil refinery owned by a major US oil company for their evaluation later this week.

Also I believe this word significant “their”. Did the major oil company request it? The oil produced from GREENFIELDS site will be evaluated. If this major oil company’s findings equate with GREENFIELDS findings they will discover:

1. Clean oil
2. Fetching $75 a barrel with no costs
3. Sale of sand covers recovery costs

No other oil in the world can produce these figures of clean oil and all profit on sales. Investors haven’t caught on yet to the value of Greenfield.

Not forgetting TOM’S leases in this region. Plus in the middle of the USA, Minimum transportation costs. WAKE UP INVESTORS!!!

This isn’t a ‘pump’, it is all factual

[thesageofsaint] 02/7/2021 08:59

A failed year dressed up as successful. What a charade. Just 180 barrels the best they could achieve against a target of 500. This is what a failed trial looks like gents. They can dress it up as best they can but a failure nonetheless. Why did they not continue for six months, because it was not viable for them to do so. If they were producing oil at a rate and cost that could turn a profit then it would have continued. So the long wait starts. The placing by the end of the summer, then months of nothingness. You only need a spare $100m of somebody else's money and you have a business. The placing is looking to be at a price which will be yet another low. I would suggest @0.35p. Have a good Friday and enjoy the news and its impact that you have all been waiting for.

[jaynealex] 02/7/2021 08:57

Years back this would be rocketing ... Obviously still alot of scepticism out there !!

But as far as I'm concerned we're moving forward

Perhaps the announcement of the finance package .." free of equity issue " will start to make people believe !!

A placing is not going to move this on , we're at the step change moment

Bank finance , JV big boy or takeout

Bring it on

[lopodop] 02/7/2021 08:40

Needs RM and SL to show their 100% support and take up slack as buyers seem to be elsewhere!

[lopodop] 02/7/2021 08:26

Initial market reaction - unimpressed so beware!

[ducky fuzz] 02/7/2021 08:12

Online 0.56p sell and 0.584p buy for 500k

0.55p and 0.59

[lopodop] 02/7/2021 08:10

Talais
Should be getting to 2p by now!

[talais] 02/7/2021 07:59

This has to start moving towards 1p

[ducky fuzz] 02/7/2021 07:55

Good positive RNS showing a lot of progress. DF

[goulding1215] 02/7/2021 07:53

Hot Finance, I believe that the equipment at the POSP was old and dilapidated. Hasn’t put off the PQE buyer.

Overall everything on track.

[vauch] 02/7/2021 07:53

With oil prices as they are the big boys will have cash to burn.

[mikecoster] 02/7/2021 07:52

Chevron have a refinery in Utah

[talais] 02/7/2021 07:51

They are also sending oil to Quadrise Fuels International.Will be very interesting what they have to say.

[vauch] 02/7/2021 07:46

Rmart it will be the oil from our site not Petroteq's so looking even better

[talais] 02/7/2021 07:37

Has the buyer for Petroteq and possibly greenfield just been dropped in there?' A sample of produced oil is being shipped to a large oil refinery owned by a major US oil company for their evaluation later this week.

[joeblogg2] 02/7/2021 07:34

Have to post again!!!
Additionally, ore processed by the POSP from the Tar Sands II site, which is subject to the membership interest purchase agreement announced on 9 June 2021, has identified that it is of significantly higher oil saturation than originally thought.

[talais] 02/7/2021 07:30

If they are happy, they could fund the project,Lots to come here

[lopodop] 02/7/2021 07:29

Where precisely does this leave TOM?
See what the market thinks today.