Tomco Energy Share Discussion Threads

[fenners66] 13/8/2021 16:48

Published where?

[ducky fuzz] 13/8/2021 16:22

Hi Busa .. I really don't get the Petroteq offer .. it just doesn't make sense.

So in theory I could go online and buy 550,000 shares at 0.205 cents and sell them to
Balmoral for EUR 0.83

Why don't they buy them direct like I would.

It's bonkers. DF

[busamitch] 13/8/2021 15:09

Increased Petroteq offer published today:

Balmoral Investments Limited, Leeds, offers the shareholders of Petroteq Energy to acquire its shares (WKN A2DYWC, ISIN: CA71678B1076) at a price of EUR 0.83 per share. The offer is limited to 100,000,000 shares. For larger quantities, please inquire.Minimum purchase: 550,000 sharesThe offer ends on 30.11.2021, 18:00. (CET)The public tender offer and the purchase contracts concluded on this basis are subject to Eu law.

[talais] 13/8/2021 13:59

Cenovus chief urges Trudeau to pay for greening of Canada's oil sandshttps://www.ft.com/content/f9e5c5ec-f4bc-4565-a1cd-903117547f5e

[talais] 13/8/2021 12:33

From LSEAt this very moment, TomCo's crude samples are going through Quadrise's research facility (aka QRF) so they can produce optimised formulations of MSAR and bioMSAR. Guidance is that this should be completed by the end of August.The few weeks required is not because it should be difficult for QRF to emulsify an 'easy' bitumen like POSP crude (i.e. not absurdly viscous like an SDA residue). However, part of the QRF process is to produce a highly-optimised formulation that has all of the best combustion and stability characteristics possible (a qualification process, if you like).Verifying stability is something that simply takes time. They need to take small samples of the MSAR test samples produced with a given formulation and store it for a period of time (e.g. a week), and they can then verify the sample after that time to ensure it's still within specification and the phases have not separated (i.e. water and oil still in emulsion).So, the amount of time taken is more about being rigorous and ensuring they can meet those commercial guarantees for the customer rather than any sign that there are difficulties.As guided, by the end of August I'm certain we'll get some good news on that front, unless there are unexpected oil contamination issues again (which seems very unlikely).QRF have emulsified residues that are so viscous that you can literally walk on them, so this should not be a problem.This is an article I wrote about about QRF from a couple of years ago that is available for those that want some more detail and a virtual tour of sorts. Hope it's of interest. https://quorumzine.gitlab.io/quorum/content/2019/12/09/qrf-key-to-qfi-tech-advantage.html

[ducky fuzz] 13/8/2021 11:41

Seems to be a lot more buying interest today. Must be the closeness to the end of the
month a likely positive news with things happening.

Online 0.5485p to sell and 0.555p to buy for 500k

Quoted share price 0.54p and 0.56p

[ajj2003] 13/8/2021 10:17

Quadrise tipped yesterday by Zac Mir so hopefully a bit of PR for Tomco in passing.

hxxps://www.voxmarkets.co.uk/articles/trader-s-cafe-with-zak-mir-bulletin-board-heroes-august-12-87d86c9

[talais] 13/8/2021 10:00

https://twitter.com/TomcoEnergyPLC/status/1425772402177347588?s=20

[talais] 13/8/2021 09:41

Well filter me. Simple ass,

[wilson2] 13/8/2021 09:36

Talais, you're posts are pie in the sky ideas , if all what you are saying was true the directors would be filling their boots, but they aren't are they .

[talais] 13/8/2021 09:13

56.4 just paid looking good

[talais] 13/8/2021 08:31

News in the next 10 trading days Qfi results To buy first 10% Pursuant to the terms of the Agreement, Greenfield has paid a non-refundable deposit of US$200,000 to secure a 90 day period to undertake due diligence and an exclusive option for up to 120 days to acquire an initial 10% of the Membership Interests . Greenfield can exercise its right to acquire an initial 10% of the Membership Interests for cash consideration of US$2 million (against which the deposit shall be credited) on or before 1 September 2021. Following completion of the acquisition of the initial 10%, Greenfield will then have an exclusive option, at its sole discretion, to acquire the remaining 90% of the Membership Interests for additional cash consideration of US$15.25 million, if acquired on or before 31 December 2021, or US$16.25 million if acquired between 1 January 2022 and 31 December 2022. Greenfield has the right to unilaterally terminate the Agreement at any time during the initial 120 day period from its execution for no penalty save for forfeiting the upfront US$200,000 deposit. The Agreement also contains certain commercial and other representations and warranties between the parties customary for a transaction of this nature.

[talais] 13/8/2021 07:58

Qfi up Petroteq upCome on Tom.

[talais] 13/8/2021 07:18

Where are board members already in uk, or did they fly in from us,

[wilson2] 12/8/2021 22:57

No way this is up 5%

[ajj2003] 12/8/2021 16:51

Can someone check if all the licenses and permits have been renewed at the start of august as that would at least tell you if it was a possibility

[hotfinance14] 12/8/2021 16:33

It looks like the POSP is back in operation.

[sue999] 12/8/2021 15:02

The press release does not really mention any other body involved. Only says "plant performance should assure our stakeholders, suppliers and potential business partners that the design can handle a wide range of ore specifications."
Where does TOM or Greenfield stand then. May be "potential business partners"
Potential?!!

[wilson2] 12/8/2021 14:54

It takes 30 minutes to test a pint of oil, SO what's the delay?

[talais] 12/8/2021 14:52

They all looked very happy, I think we have a lot of good news coming,

[ajj2003] 12/8/2021 14:51

Worth another post as progress continues to be made. Not long now to find out the missing pieces of the jigsaw. Today we were delighted to host @TomcoEnergyPLC's CEO John Potter at our Quadrise Research Facility, to witness the start of the #MSAR and #bioMSAR testing for the Greenfield JV with #Valkor in Utah. Read more about our Utah project update here: bit.ly/3s5kdXH #QFI #TOMhttps://twitter.com/qfiplc/status/1425795951009140736?s=21

[talais] 12/8/2021 14:50

That's why the plant was suspended,Oil of sufficient quality and quantity has now been produced by the POSP to enable an initial shipment of 250 barrels of oil to be made. Greenfield is also working with a local specialist firm to identify potential customers for the processed sand. They have already taken an initial load of 40 tonnes and is anticipated to take a further circa 500 tonnes of processed sand over the coming weeks. All proceeds from the sale of oil and sand will be retained in Greenfield.

[damac] 12/8/2021 14:47

Good question Talais, given that Greenfield left the site at the end of June and that Petroteq had (and still have) no permit to operate, the oil just sold must surely have been produced by Greenfield.

Unless Petroteq have been operating POSP and using trucked in ore (see comment saying “multi sourced ore”) without the knowledge or approval from DOGM, surely not?