Tomco Energy Share Discussion Threads

[fenners66] 14/9/2021 12:26

"rmart
8 Sep '21 - 10:07 - 22034 of 22389

and ? what has that to do with tomco?"

What has Petroteq got to do with Tomco ?
I suspect he has "invested" in Tomco and needed to ask......

See above....

[goulding1215] 14/9/2021 12:26

A piece of useful information from Fenners on the other BB:-

For any oil sands plants built by Greenfield utilizing the Petroteq license, a 5% royalty of net revenues received from oil products produced from oil sand resources will be payable by Greenfield to Petroteq."

It is talking about oil products only, NOT sand. Sand could be half the product if any variation in oil prices.

[fenners66] 14/9/2021 12:11

Since the fantasists never bothered to do that research , just say I'm happy to help....

IS this the next big thing ?

[fenners66] 14/9/2021 12:09

To put that in simple terms

They say they produced 250 barrels in 250 days
and 236 barrels in 70 days

And that is supposed to convince financiers that this process can do either the planned 250 - 500 a day from that plant
or 5000 a day from a new $110m plant......

How convinced will they be ?

[fenners66] 14/9/2021 12:06

Let Petroteq elucidate : -

Petroteq

November 11, 2020 8:30am EST
the Company's oil sands plant at Asphalt Ridge (the "POSP") for over three months at a production rate of 400-500 barrels per day.


November 24, 2020 8:30am EST
work to upgrade the capacity and reliability of its oil sands plant at Asphalt Ridge (the "POSP") is nearing completion with commissioning of the POSP now planned to begin during the week of November 30, 2020.

December 14, 2020 8:30am EST
work to upgrade the capacity and reliability of its oil sands plant at Asphalt Ridge (the "POSP") has been completed and commissioning of the POSP is now well underway. It is expected that commissioning activities will be completed this week

after which it is planned to begin operating the POSP on a single day shift. ..assuming the plant operates as expected, it is anticipated that the POSP will move to a two-shift operation next year.

Jan 27, 2021 8:30am EST
Petroteq Energy Announces That Production of Oil From Its Oil Sands Plant Has Recommenced

As at the close of business on January 22, 2021, the POSP had ‎produced over 150 barrels of net oil in solvent

Apr 28, 2021 8:30am EDT
Petroteq Energy Announces That Production of Oil From its Oil Sands Plant has ‎Recommenced After Implementing Certain Process Enhancements

May 27, 2021 3:01am EDT
Petroteq Energy Announces that Production of Oil from the POSP has Recommenced

June 03, 2021 3:01am EDT
that following the restart of processing operations at its oil sands plant at Asphalt Ridge (the "POSP") 250 barrels of sales oil have now been produced.

August 12, 2021 9:00am EDT
Petroteq was able to produce a load of oil from this multi-sourced ore, which was sold on August 6. The buyer loaded 236 barrels

[fenners66] 14/9/2021 12:00

We all know the stated aim was 500bpd

Just looked at the Petroteq announcements - so once again reported "facts" RNS's

This ties in to 2 points .

1 , they clearly never achieved a consistent production
2 , there were delays throughout the startup phase - that certainly suggest delays are the norm.

Anyone know how many barrels they actually produced ?

[fenners66] 14/9/2021 11:55

At the AGM did they answer the question of how many Bpd the POSP was producing?

[vauch] 14/9/2021 11:33

Wow Fenners
Imperial Brands PLC (formerly Imperial Tobacco) - Post 6774IMB Imperial Brands Plc fenners66 13 Sep 2021 21:51 1
fenners66
Ok guys I stand corrected

[rmart] 14/9/2021 11:12

lopodop, fenners66 and The Diddymen, continual posting from all 3. How sad.

Just cant wait for the 10% sign off can you? You have to post like kiddies numerous times a day all on ifs buts and maybes. PATHETIC.

[lopodop] 14/9/2021 11:11

VAUCH
For all your positive utterances, you are clearly nervous, be frank. So are most of the over positive correspondents here. A very large carrot Is dangling. You just cannot get it out of your mind, just like a child!

[fenners66] 14/9/2021 11:09

It's posts like this , that provide incentive to add some balance to any debate

"goulding1215
13 Sep '21 - 17:32 - 22358 of 22389
But TOM own all of Greenfield, so those extra shares, if all warrants taken up, should not impact upon TOM’S overall value per share. Is that right? "

yes someone added the correction to explain NPV per share , but if "investors" do not understand the basics , they clearly need some aid in their "investing" decisions.

Speaking of which , something else of import the fantasists missed yesterday....

"For any oil sands plants built by Greenfield utilizing the Petroteq license, a 5% royalty of net revenues received from oil products produced from oil sand resources will be payable by Greenfield to Petroteq."


But without finance its all fantasy...

[lopodop] 14/9/2021 10:54

What is the market anticipating? Yet so many here choose to blind themselves. A placing could devastate the share price and wreck hope value. Remember although JP says TOM has got it right this time, common sense should urge care in assessing what has been announced so far.

[vauch] 14/9/2021 10:52

Fenner, why would someone answer those questions as you will only dismiss other for your own conclusions.
So for other a pointless exercise, is it not?

[fenners66] 14/9/2021 10:49

goulding what do you think the cost "would be" ?
what do you think the finance cost "would be" ?
Why was this not factored into the fantasy profit calculations ?

[goulding1215] 14/9/2021 10:38

Vauch, how can you upset an idiot? They are all legends in their own minds.

[goulding1215] 14/9/2021 10:36

Loopy lolly and Fenners, all your posts are on wild assumptions. For example, Greenfield are not building either a railway line Nor a by-pass in Scotland. Best to by-pass your posts

[lopodop] 14/9/2021 10:35

Vauch
If not already done, sell out now and see how things are week after next. IT may calm nerves.

[lopodop] 14/9/2021 10:30

Vauch
The board have bought your loyalty lock stock and barrel. What if the BOARD fail. Oh dear but may be useful losses.

[wilson2] 14/9/2021 10:22

No one is going to lend money to them , this is why nothing is going to happen, end of story

[vauch] 14/9/2021 10:21

but as HS2 Tom are building underground so weather wont be a problem

[vauch] 14/9/2021 10:19

lopodop14 Sep '21 - 10:18 - 12327 of 12327 (Filtered)

[vauch] 14/9/2021 10:19

Oh, have i upset the idiot.

[lopodop] 14/9/2021 10:18

Fenners
In your overview, have you considered political risks. IOM Plc and its sub LLC.

[fenners66] 14/9/2021 10:16

The latest "idea" reported from the AGM (alledgedly) is that finance would not now happen until the year end.
So nothing would start until 5m+ after the FEED study.

Then
"the overall engineering, procurement and construction ("EPC") phases of the project are forecast to take 54-62 weeks, barring any significant supply chain issues or adverse weather conditions during construction and commissioning."

When has TOM ever had delays adverse weather issues or even permit application appeals and blocks , ever in the last 10 years ?!?

Even the test plant was months behind schedule !

So the fantasy calculations Should be looking at multi-year before anything is finished.

But what chance is there that anyone lends them that cash ?