Tomco Energy Share Discussion Threads

[fenners66] 15/9/2021 11:51

Thanks damac

Actually their target says per 12 hour shift, the statement says 180bpd due to technical constraints .

So why has petroteq only declared 486 barrels of oil available for sale ?
I read all the petroteq statements yesterday and that was between December and August.
Lets say they somehow managed 180 barrels in a 12 hour shift , since the plant was running nearly 8 months with various announced restarts , why were they not celebrating 1000's of barrels for sale?

Perhaps the question would be how much was actually produced ?
In nearly 8 months, is that what Petroteq have declared?

Does suggest running the process has its issues.

[the diddymen] 15/9/2021 11:41

damac, the potential financiers will look at the quality of the FEED and the provenance and technical ability of the company. If both boxes are ticked then it is happy days for everyone (including this side of the fence).

[damac] 15/9/2021 11:23

In response to the outrageous lie being put out by Fenners on the other thread that only 3 barrels of oil were produced per day on POSP by Greenfield (yes, he really did make this ridiculous claim lol).


The equivalent of approximately 180 barrels of oil per day, per 12 hour shift, over the trial period on POSP were achieved by Greenfield.

From the Greenfield update RNS published on 02/07/21.....



"FEED Study

The work undertaken by Greenfield in operating and modifying the equipment used in the POSP has provided sufficient information for the FEED study (as previously outlined), to be completed, together with the third-party verification exercise. A small number of amendments to the FEED are currently being reviewed and a draft of the third-party verification work has now been received. It is therefore anticipated that the FEED study will be finalised, together with the accompanying third party verification, by the end of July 2021.

POSP Operations

The primary objective for TomCo's investment into Greenfield and its subsequent operation of the POSP was to provide the operational data to support and inform the FEED for the commercial scale 10,000 barrels of oil per day ("bopd") plant design. The POSP has broadly met our objectives over the six month of operations to the extent that the oil processed and produced has exceeded expectations in both warm and cold conditions from a wide array of saturated ores. In addition, the separation process has also identified a profitable sand product. Greenfield had set a target of achieving a continuous production rate of 250 bopd per 12-hour shift. Due to numerous technical constraints, the POSP only managed to achieve the equivalent of approximately 180 bopd during this trial period of operation. However, the operational data from such production has been incorporated into the process modelling performed by Valkor and verified by a third-party engineering company with the results and recommendations being incorporated into the FEED study and economics. Additionally, ore processed by the POSP from the Tar Sands II site, which is subject to the membership interest purchase agreement announced on 9 June 2021, has identified that it is of significantly higher oil saturation than originally thought."

[damac] 15/9/2021 11:15

Fenners will you please stop posting your outright lies.


The equivalent of approximately 180 barrels of oil per day, per 12 hour shift, over the trial period on POSP were achieved by Greenfield.

From the Greenfield update RNS published on 02/07/21.....



"FEED Study

The work undertaken by Greenfield in operating and modifying the equipment used in the POSP has provided sufficient information for the FEED study (as previously outlined), to be completed, together with the third-party verification exercise. A small number of amendments to the FEED are currently being reviewed and a draft of the third-party verification work has now been received. It is therefore anticipated that the FEED study will be finalised, together with the accompanying third party verification, by the end of July 2021.

POSP Operations

The primary objective for TomCo's investment into Greenfield and its subsequent operation of the POSP was to provide the operational data to support and inform the FEED for the commercial scale 10,000 barrels of oil per day ("bopd") plant design. The POSP has broadly met our objectives over the six month of operations to the extent that the oil processed and produced has exceeded expectations in both warm and cold conditions from a wide array of saturated ores. In addition, the separation process has also identified a profitable sand product. Greenfield had set a target of achieving a continuous production rate of 250 bopd per 12-hour shift. Due to numerous technical constraints, the POSP only managed to achieve the equivalent of approximately 180 bopd during this trial period of operation. However, the operational data from such production has been incorporated into the process modelling performed by Valkor and verified by a third-party engineering company with the results and recommendations being incorporated into the FEED study and economics. Additionally, ore processed by the POSP from the Tar Sands II site, which is subject to the membership interest purchase agreement announced on 9 June 2021, has identified that it is of significantly higher oil saturation than originally thought."

[rmart] 15/9/2021 10:55

my last post here, you 3 are complete nut jobs. Nothing anyone says will stop you posting total rubbish.

PATHETIC = FENNERS, THEDIDDYMEN AND LOPODOP

Ta Ta.

[vauch] 15/9/2021 10:43

I read some ware that Jackanory are looking for a new story teller.
The could fid a few here

[vauch] 15/9/2021 10:41

lol fenner, you do make me laugh.

[fenners66] 15/9/2021 10:32

Anyone want to show me the link to published info of 500bpd ?

It would be awesome ....

After all that was the narrative last year, that spending $1.5m on the plant with Valkor it was going to 250b/shift and 500bpd.....

If the 3 parties were targetting that and touting it as achievable, surely since so much cash was spent , that is the missing piece ?

Absolutely relevant info to the investment case....

But I cannot find anything like.

[vauch] 15/9/2021 10:27

Rmart, let them get on with it. as it has little or no effect on the price and is rather comical to see at times.

[rmart] 15/9/2021 10:20

YOU 3!, lets see who is right eh? just wait and see, stop posting the continual de ramps.

[fenners66] 15/9/2021 10:18

So has anyone got a link to any better published info ,than , Petroteq's progress reports on the POSP?

As detailed yesterday , 250 barrels in 250 days or 236 in 70 days is what their RNS's tell us.

[the diddymen] 15/9/2021 10:16

Get a grip reichsmart. The only loan that TOM will get is a death spiral loan. What income do they have to finance a loan. Try going to your bank manager for a mortgage and disclose that you might have income in the future and see how much they will lend you.

[rmart] 15/9/2021 10:08

you missed out the chance of a loan? wonder why? just peddle the false placing for your agenda

PATHETIC.

[the diddymen] 15/9/2021 10:06

Generally decision takers try and boot the difficult decisions into the long grass. That is OK if time is on your side, but TOM has taken so many false turns that time is now at a premium.

Anyway Shaunx only a couple of weeks to go in which time the Board have to place, fudge, or cross fingers.

[shaunx] 15/9/2021 09:44

More jibberish, admit you were wrong, not offer another pile on of conjecture.

[lopodop] 15/9/2021 09:14

Shaunx
Where precisely is GREENFIELD? Lots of hysteria since AGM - but where is the meat? Surely the deposit payment is NOT being left to last moment! No reason for TOM board not to categorically state now that the transaction is taking place on.... and the funds employed are.....
In the absence of this information how on earth can anyone form a judgement on the status quo. It could be that there is to be further delay to avoid a placing in which case will the anticipated third party funds ever be available. Credibility is on the table, very much so.

[fenners66] 15/9/2021 08:36

rmart
14 Sep '21 - 23:25 - 12376 of 12378

"So much effort to knock TomCo"

If you think collating and reposting , published RNS, info is knocking Tom , hadn't you better take that up with the Directors of the companies involved.

All the quotes from Tom , Petroteq, Oil Sands are public record. Its putting them altogether and suddenly you think its knocking Tom.

That's what research is, putting it all together.

No opinion, no prediction, no guessing or stating that its all in a crystal ball , just adding together all the RNS details and you see that as knocking.

If a company does not stand up to questions from its own and partner RNS's that's the companies fault ....

[shaunx] 15/9/2021 08:23

So far you've been totally wrong on the Greenfield partnership after 3 months of constant BB jibberish. What next....

[lopodop] 15/9/2021 07:58

RMART
How about Corcel - your recommendation. Now you tout TOM. Investors may be slightly nervous about your advice.

[goulding1215] 15/9/2021 07:00

Here is one for you Damac. Tar sands are all mostly on the surface. So therefore potentially 100% recoverable. Would that not suggest when DD is completed, the oil contained in the tar sand should be classified as C1, and have a greater asset value? After all it is not 100 metres below the surface, or sitting below 100 metres of ocean. Because oil reserves, as far as I know are classified as OIG, oil in the ground. Aimho

[rmart] 14/9/2021 23:25

So much effort to knock TomCo, what a sad bunch, lol , Tom will have the last laugh, share price into double figures and the 3 stooges and wilson will still be peddling the same old same old.

[wilson2] 14/9/2021 22:55

You'll sell at the drop of at rmart

[rmart] 14/9/2021 22:19

Wait and see, I await your response as the news breaks!