Tomco Energy Share Discussion Threads

[busamitch] 03/8/2021 10:24

Surely any offer at this kind of money would extend to Greenfield, just to clean up the USA licence.



Increase in the target minimum shareholding for the purchase offer in Petroteq Energy Inc. shares by Uppgard Konsult AB.

KRYLBO, SWEDEN, August 3, 2021 /EINPresswire.com/ -- Regarding Petroteq Energy Inc. ("Petroteq" or the "Company"), (CA:PQE), (OTC:PQEFF), (FSE:PQCF)
Uppgard Konsult AB ("Uppgard" or the "Company") announces that on July 29, 2021, the company officially filed and published an amendment to the takeover offer of April 16, 2021 in the German Federal Gazette.

In order to achieve the first objective of a simple majority, the target minimum holding for the takeover offer of 200 million shares in Petroteq Energy Inc. was increased to 270 million shares at a premium offer price of EUR 0.50 per share on July 29, 2021.

Parallel with our efforts in Germany, the client contacted Petroteq Energy Inc.'s official legal representative, DLA Piper (Canada) LLP, through its Canadian legal counsel, Gowling WLG (Canada) LLP, to discuss the possibility of a friendly takeover, to obtain support for the purchase offer prior to seeking a takeover bid in Canada and/or a tender offer in the United States.

[ducky fuzz] 03/8/2021 09:38

Just looked at rmart's CRCL .. Thursday he could sell at 2p and today it is 25 percent
lower at 1.6p.

Like TOMco it is getting hit by traders and the wait for positive news. Buys bring more buying and a few sells bring more selling.

Trading successfully is so incredibly difficult unless you have the right mindset. Which I for one don't have. DF

[vauch] 03/8/2021 07:49

Interesting presentation was actually recorded in July about a week before finalisation of plant designee, so has this been released before now?

[ajj2003] 02/8/2021 22:47

Petroteq Energy Video Presentation August 2021, COO George Stapleton $PQEFF

[busamitch] 02/8/2021 22:07

Response to the PQE ambulance chasers...

[wilson2] 02/8/2021 18:56

All the sand in the world and they think this tuppence worth company is the sand capital of the world

[wilson2] 02/8/2021 18:51

Does the other thread take multi vitamins

[goulding1215] 02/8/2021 13:09

Yes. Vauch, very interesting. Both points

[vauch] 02/8/2021 12:08

So with Sand at $15 the cost per barrel will be $7, that's insane

[busamitch] 02/8/2021 12:06

George Stapleton, Petroteq COO, commented: "The estimated operating cost of $22 per produced barrel of oil falls well within the $20-25 range previously estimated for a 5,000 bopd commercial plant and does not take into account the reduction in net operating costs resulting from the possible sale of produced sand. The capital cost of $22,000 per daily barrel for an initial 5,000 bopd production train installed on an undeveloped site compares very favorably against the cost of plants using more traditional methods of extracting oil from oil sands. We are very pleased with the FEED study results and will now look to move forward on funding for our first 5,000 bopd plant while also advancing licensing efforts with third parties."

[vauch] 02/8/2021 11:52

The PQE report has better detail regarding running costs.

The third-party technical verification report from Kahuna indicated extraction costs of approximately US$13.50 per barrel of oil produced. Mining and ore transport costs will add another $8.50 per barrel for an estimated operating cost of approximately $22.00 per barrel of oil produced for a 5,000 bopd

The $22 includes transport of oil.
So sand sales will be all profit

[vauch] 02/8/2021 10:17

Busa
Also interesting that Mr Baily is ex CEO of exxon

[goulding1215] 02/8/2021 09:04

Utah oil sands are now being noticed.

[vauch] 02/8/2021 07:02

If our off site sand then maybe it is being set up to showcase possible funders?

[busamitch] 02/8/2021 03:45

Utah The Next Hot Spot For Oil Exploration - From 2018?



They've posted many YouTube videos over the weekend.

[busamitch] 01/8/2021 21:44

Who knows, but 02/07/2021 JP says he's done at the POSP. 27/7/2021 GS ([e-mail]) says 113 CY of offsite ore delivered. Where from, Greenfield? It's a demonstration plant, "which has served it's purpose" but who were they demonstrating to?

[hotfinance14] 01/8/2021 19:04

Busamitch...Do you therfore think the POSP is still in operation ?

[goulding1215] 01/8/2021 09:57

You can open that link via the LSE thread COO George Stapleton talking about and showing the plant.

[talais] 01/8/2021 08:38

BusyBottom link not working!!

[talais] 01/8/2021 08:23

https://twitter.com/PetroteqI/status/1421706720066297856?s=20

[talais] 01/8/2021 08:22

https://twitter.com/PetroteqI/status/1421706720066297856?s=20

[busamitch] 01/8/2021 03:13

Petroteq:



They've got a fortnight to sort the waste handling and reclamation plan. And they had another 113 CY of ore delivered to site week ending 24th July, presumably from Greenfield.

[ducky fuzz] 30/7/2021 18:07

We need volume to shift the share price. Maybe next week. DF

[the diddymen] 30/7/2021 15:36

DF, you made one good decision - to sell PET, and you have made one bad decision to buy here. This is not a stock for you. This pond contains some decent sized pike.