Tomco Energy Share Discussion Threads

[vauch] 07/9/2021 10:18

The tankers could run on our fuel produced from our plant

[wilson2] 07/9/2021 10:07

20 oil tankers a day, but still haven't got a sample analysed yet.

[the diddymen] 07/9/2021 09:05

Lopo

The value of Greenfield will depend on the FEED. In essence the quality of the company undertaking the study, and the quality of the data. This is commercially confidential data!

[ducky fuzz] 07/9/2021 08:50

A lot better than the fracking system that is currently used in the US.

[sue999] 07/9/2021 08:48

20 Tankers a day! Wounder how much environmental pollution that causes.

[lopodop] 07/9/2021 08:45

TD
The chairman and other non execs should be monitoring the CEO and surely must have extreme doubt about the current position and other options.
Getting down to brass tacks, GREENFIELD probably has little or no value.
But it may still be possible to harness it to an oil consortium with resources to take the project further whilst retaining a small equity interest. TOM may already be on to this but do not have adequate technical skills to sell it.
On a grander scale the chairman may have plans to develop GREENFIELD as a project in US using venture capitalists there - a separate entity from TOM; quite what TOM receives is ?
Unfortunately TOM has no technical expertise in house so finding a solution will be
That more difficult. So it may be STOP THIS PROJECT and ? What next.

[the diddymen] 07/9/2021 08:19

Lopo

The question for shareholders is what next and what they should explore at the AGM to obtain value.

Unless I am missing something the option is to sell Greenfield, but they will only extract a price if they are financially stable, or there is an insolvency clause in the licence. The land purchase is a red herring unless there is another buyer chasing, in which case it would add to the value.

Not easy, but it could be done.

[vauch] 07/9/2021 07:55

Im sure I read so ware that in the us they can haul a second shorter tanker behind the first so could be around 20 a day

[ducky fuzz] 07/9/2021 07:35

Thanks damac .. Good job they don't have our problem in recruiting lorry drivers.

[lopodop] 07/9/2021 07:31

Before attendees enter the TOM MEETING, think about the reality of the impossible dream the Board continues to promote for its investors.
Ask anyone for their view who has tried to raise significant funding for a US project given TOM's financial criteria and track record.
Press the board to come off the fence - is it off and indeed was it ever on?
A woolly answer counts as a NO.
Depending on their response / responses, ask what is the plan going forward.
Ask for the total costs to date and ongoing for the project. How has / will this impact on the share value.

[damac] 07/9/2021 00:30

Ducky,

That is just over 1 truck per hour remembering that the plant will be running 24/7. I would further imagine that they would have more than one tanker filling point. All feasible in my opinion.

[busamitch] 06/9/2021 23:59

You're 42, your girlfriend's 8?

[fenners66] 06/9/2021 23:50

Alternative some may remember

"I like trucking and I like to truck"

[busamitch] 06/9/2021 23:20

4859: We trucked all day and we trucked all night.

[jaynealex] 06/9/2021 23:08

I don't know Ducky

hxxps://youtu.be/Sd5ZLJWQmss

The film .... Convoy !!

What does it mean when someone says 10 4 rubber ducky?

Roger that! 10-4 is a way of saying "message received" in radio communications. It's also used as a way to "you got it."

[ducky fuzz] 06/9/2021 22:38

You lost me with that one jay.

[jaynealex] 06/9/2021 22:36

10 four Rubber Ducky !

[the diddymen] 06/9/2021 21:41

Even if TOM can keep the lid on its shareholders at the AGM, it is only buying weeks. A point that Lopo has been making is that as soon as the 'investor' does its DD on the sole employee the handbrake is going to go on.

Clear the AGM and then it will be the last placing. SoS was charitable at 0.4p or a consolidated equivalent. I am unable to comment on the detail of the technology (which may have legs) but from an executional point of view this is finished. All except the last fund raise.

[shaunx] 06/9/2021 21:23

I understand basic business indeed and I'm positioned here for a green revolution on oil tech, it is going to be sought out by investors as was solar and wind power, both of which were built from tech minnows.

[ducky fuzz] 06/9/2021 21:22

So 5,000 barrels is around 25 trucks a day .. that can't be right can it. That's a lot of trucks. Probably need a Transport Cafe on site.

[vauch] 06/9/2021 21:20

so some 25 trucks a day for 5000 plant

[vauch] 06/9/2021 21:19

Regarding tankers to shift the oil.
PQE sold 250 barrels of produced oil but the buyer could only collect 200 as it would de to heavy to take any more.

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

[lopodop] 06/9/2021 21:14

Realistically the Board knows it is impossible for this COMPANY to raise the massive sums being suggested in the announcements. That is why the RNS's are heavily caveated. How will the news be broken?

[ducky fuzz] 06/9/2021 20:50

I would imagine 5,000 barrels a day would take up a lot of space if stored for too long.

How many barrels can a truck take.

Need quite a few truckers ..