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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tomco Energy Plc | LSE:TOM | London | Ordinary Share | IM00BZBXMN96 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0275 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Drilling Oil And Gas Wells | 0 | -2.35M | -0.0006 | -0.50 | 1.07M |
Date | Subject | Author | Discuss |
---|---|---|---|
26/8/2021 08:13 | Market not sure how to take this news, it will slowly sink inn, | ![]() talais | |
26/8/2021 08:12 | We also sent oil for testing to an oil Major, could they be our new JV, | ![]() talais | |
26/8/2021 08:10 | Yes testing finished by end of month then reported to Tomco. So could be end of next week, | ![]() talais | |
26/8/2021 08:07 | Is the QFI testing results suppose to be done end of this month | ![]() vauch | |
26/8/2021 08:02 | Not 100% sure, but it looks that way, I would expect an video interview today, so might be a bit clearer, | ![]() talais | |
26/8/2021 08:01 | Wow look at this go | ![]() wilson2 | |
26/8/2021 08:00 | Do i understand this correctly, Greenfield now own the multi plat licence not Valkor | ![]() vauch | |
26/8/2021 07:59 | From LSEThere's no immediate dilution. Shares are only payable upon execution of the 5k project. I suspect the market might miss that fact!"""Issue of the Acquisition Shares is subject to Greenfield receiving funds from, or drawing upon, a loan or credit facility in connection with the construction of an oil sands processing facility as specified in the FEED Study dated 21 July 2021 (as amended or superseded) ("Financial Close"). In the event that Financial Close is not achieved within 3 years of the Effective Date no consideration is payable by the Company to Valkor and the obligation to issue the Acquisition Shares will lapse. """Ofc, I would hope and expect that the project will be underway in dramatically under 3 years, and this is just a very high upper bound. | ![]() talais | |
26/8/2021 07:59 | I cant see any other reason for Valkor to leave a sure thing. | ![]() vauch | |
26/8/2021 07:57 | It's definitely looking that way, | ![]() talais | |
26/8/2021 07:56 | or on the flip side Greenfield can now be reversed into Tomco | ![]() vauch | |
26/8/2021 07:55 | I still have a feeling this is now being tidied up for a major that may have approached the co and need it to be 100% owned | ![]() vauch | |
26/8/2021 07:52 | "In connection with the Acquisition and shortly prior to receiving the Acquisition Shares, Valkor has agreed to enter into a lock-in and orderly market agreement with the Company. During the period of 18 months from execution of this agreement, Valkor will, subject to limited exceptions""The limited exceptions include the acceptance of a recommended takeover offer for the Company, the execution of an irrevocable commitment to accept such an offer and a disposal pursuant to a court order. | ![]() talais | |
26/8/2021 07:43 | Very well done MESSRS GROACH, POTTER AND CASTRO. A BIG STEP FORWARD WHICH OUGHT TO SET HEARTS RACING. | ![]() lopodop | |
26/8/2021 07:40 | They only have until 1st September to buy first 10%, should get another Rns | ![]() talais | |
26/8/2021 07:35 | Excellent news, it does look like wherever the funding will come from, they require just one company to own Greenfield 100% so have full control. So could get news within a few months that funding has been granted. | ![]() freedom97 | |
26/8/2021 07:32 | More confetti shares. | ![]() palace pete | |
26/8/2021 07:27 | Valkor no longer seen as a money grabbing partner. They now have a vested interest in the success of Tomco, 546m reasons to make greenfield a success. Or they could align some of their other leases/projects to increase the value of their Tomco holding. All with a 18 month lock-in from date of funding received. Interesting. | ![]() stuart little | |
26/8/2021 07:25 | Seems they needed to do this The Acquisition enables TomCo to assume full control of Greenfield and, the TomCo directors believe, should facilitate discussions with potential debt and equity funders with respect to the potential acquisition of TSHII and future plant construction and achieve greater alignment with Valkor. | ![]() talais | |
26/8/2021 07:21 | If the funding does get sorted then this is a very good deal for us. | ![]() ducky fuzz | |
26/8/2021 07:19 | Commenting, John Potter, CEO of TomCo, said : "We are delighted to have reached agreement with Valkor to acquire their 50% interest in Greenfield and look forward to welcoming Valkor as a substantial shareholder in TomCo as and when Financial Close for construction of the proposed Greenfield Plant is achieved within the next three years. "We are very excited by the future potential of Greenfield. The due diligence undertaken so far on the Site has been positive such that it appears ideally suited for the construction, subject to funding, of Greenfield's first commercial scale plant, with significant resources for potential exploitation. Additionally, the recent results of the FEED study were most encouraging. "Greenfield's focus remains on completing the requisite due diligence on TSHII and the Site and progressing the necessary funding package in order to, inter alia, pursue construction of an initial 5,000 bopd facility at the earliest opportunity. We now have full control of Greenfield which affords TomCo's shareholders the opportunity to fully benefit from Greenfield's significant potential." | ![]() ducky fuzz | |
26/8/2021 07:19 | And reading between the lines, funding could be sorted | ![]() talais | |
26/8/2021 07:19 | So is this being tidied up for a takeover? | ![]() vauch | |
26/8/2021 07:13 | Yep, was not expecting that.The FEED study will be utilised as the basis for the EPC phase of the project and TomCo's directors continue to believe that the completed FEED study, together with the supporting third-party technical verification report and recently completed testing operations at the POSP, serve to provide a high level of confidence in both the potential economics and the technical feasibility of Greenfield's plans. The Acquisition enables TomCo to assume full control of Greenfield and, the TomCo directors believe, should facilitate discussions with potential debt and equity funders with respect to the potential acquisition of TSHII and future plant construction and achieve greater alignment with Valkor.As at 31 March 2021, Greenfield had unaudited total assets of approximately US$4.67 million and incurred an unaudited loss before tax for the period from incorporation to 31 March 2021 of approximately US$0.11 million. | ![]() talais | |
26/8/2021 07:06 | RNS out .. Boy this is a surprise. | ![]() ducky fuzz |
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