Tomco Energy Share Discussion Threads

[hotfinance14] 16/9/2021 08:02

A UT trade is an aggregation of a number of trades.

[vauch] 16/9/2021 07:49

10 days trading for month end will it be a yes or another terms extension.

[rmart] 15/9/2021 22:19

Mm games ducky, they can now mark it down tomorrow in the hope of getting some sellers to fill buy orders.

Same as if they need it to go up to fill sell orders.

[wilson2] 15/9/2021 20:24

Freedom you've probably read everyone, stop giving yourself some ideas that you are above that

[ducky fuzz] 15/9/2021 18:54

I can never understand why we sometimes have a UT trade at the end of the day, distorting our share price the following day.

[goulding1215] 15/9/2021 16:20

Look at WTI $72.76

[freedom97] 15/9/2021 15:43

There are now over 160 posts I haven't read on the other thread since last week. I'm not going to waste my time reading rubbish. If however, someone here has read any posts worth reading other there, then please let me know the post numbers.

TIA

[damac] 15/9/2021 14:23

Fenners,

You said...

"Petroteq have apparently been running the plant since the FEED study was completed.
Their numbers above (after getting the run rate up to 180) are not indicating anything like that."


As I said in my previous post, Petroteq have not been given the authority for continued operation of POSP from 1st July and I believe this is still the case. When I saw a few weeks back a Petroteq tweet saying they had been operating it again I took this to be for a demonstration purpose only for the entity that is offering to buy the company, and they had somehow got a short term dispensation from DOGM to do this. However it has happened, I believe it it was only operating for a few days and that is why they have only produced a small amount of oil since 31st June.

I have had it relayed to me that the POSP plant, as left on the 31st June, despite the upgrades carried out by Greenfield, will not be capable of long term production of 180 bopd as it will quite literally fall apart due to numerous elements of the plant (that were not upgraded by Greenfield) having been badly maintained prior to Greenfield taking control of the site.

[rmart] 15/9/2021 13:51

I mean, who would listen to this guy anyway !



Here he is with DiddyFenners, DiddyLopo and DiddyWilson2. All plotting the next panto script.

[damac] 15/9/2021 13:50

"August 12, 2021"
"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"


Greenfield were off site by the end of June, the above had nothing to do with Greenfield. Petroteq weren't even supposed to be operating the plant from 1st July as they have not had the the authority from DOGM to be operating.

[rmart] 15/9/2021 13:40

It is always Panto season for The Diddymen on ADVFN. They are currently dreaming up their new script for when the big news on tom is released.

[vauch] 15/9/2021 13:37

Diddy, do you own an e type jag?

[vauch] 15/9/2021 13:35

Chad, it is because they have not enough pocket money to invest.

[goulding1215] 15/9/2021 13:23

Agreed Chadwick.

Re:- the previous post by rmart. Amongst the 5 refining companies in Utah. The only major oil company on the list presented by Damac of refinery companies is Chevron. The company stated that a major oil company had requested 5 more barrels of oil for study. Chevron interest?

[stuart little] 15/9/2021 12:54

I think you need to look into their permit issues and more importantly the quality of ore they have available. The majority of POSP production during the trial period was from imported ore from TS2, which since the conclusion of the trial is not available to PQE. They have some major hurdles to get over before the POSP turns out decent numbers. imo!

[fenners66] 15/9/2021 12:46

damac, that and a previous post , show that a proper debate can be had on here. Thank you for your update and common sense.

Petroteq have apparently been running the plant since the FEED study was completed.
Their numbers above (after getting the run rate up to 180) are not indicating anything like that. Indeed looking at the figures for the 236 it may well be that 49 of those were from the previous proposed sale.

It's their plant. It's been upgraded, but they cannot get it running anything like?
It's still running at Asphalt Ridge , so it cannot be blamed on a shut down whilst it was moved.
They have not said they had Covid problems (say) they have their own massive financial problems , so the ability to generate oil for sale one could argue is more urgent to create cash flow , than Tom with their single exec director.

So why is it they could only tell about 236 barrels ?

For a company looking for cash they should be running it all week.

[the diddymen] 15/9/2021 12:34

On the other thread.

Chadwick you will have missed most of it given that you only started posting six days ago, and therein lies the answer.

Do come over here for a chat!



"Chadwick12315 Sep '21 - 12:23 - 22421 of 22421
0 0 0
I am intrigued to know why these people de ramp this share so much, in the history of Tomco / Greenfield, there has never been so much positive news flow to be released during the next few months, if I were so worried about my investment, I would have sold long ago and moved on, there’s nowt as strange as folk, great info once again from damac, much appreciated.
I would also like to add, that Zac Philips will provide the expertise to bring this over the line and IMO be on the BOD sooner rather than later GLA"

[damac] 15/9/2021 12:25

Fenners,

The following sentence (in full) afer the statement of 'target' says...

"Due to numerous technical constraints, the POSP only managed to achieve the equivalent of approximately 180 bopd during this trial period of operation."


During the entire time that Greenfield were on POSP they only ever worked a maximum of a 12 hour shift per day. The plant upgrades meant that there was a lot of periods of stopping and starting as new plant items were integrated etc. and then further testing done on the upgraded plant.

There were 2 specific periods during the time that Greenfield were on POSP. First was the upgrades & testing period (meaning the testing that the plant was running and performing as hoped after each upgrade). Second was the trial period (the period where they were processing ore after completion of the upgrades to establish the constant daily output of the oil & sand).

The actual trial period after the final plant upgrades was only for about the last 3 to 4 weeks prior to leaving POSP at the end of June. The trial period was ramped up slowly from a low figure of barrels per day until the final figure of barrels per day (the 180 per 12 hour shift), where it was determined, that with wishing to vacate the site by the end of June, adequate data had been gathered from the 180 barrels per day to satisfy the FEED study.

The process on POSP had its issues, that is without doubt. This was down to the dilapidated state of the plant when Greenfield took over the site. A plant that has many components that will be superseded by more modern & efficient equivalents on the planned future build. A plant that required many upgrades just to get it to produce the 180 per day they left it at.

[chadwick123] 15/9/2021 12:23

I am intrigued to know why these people de ramp this share so much, in the history of Tomco / Greenfield, there has never been so much positive news flow to be released during the next few months, if I were so worried about my investment, I would have sold long ago and moved on, there’s nowt as strange as folk, great info once again from damac, much appreciated.
I would also like to add, that Zac Philips will provide the expertise to bring this over the line and IMO be on the BOD sooner rather than later GLA

[rmart] 15/9/2021 12:21

This is about Petroteq, but it is the same for Greenfield.

"Petroteq is a clean technology company focused on the development and implementation of a new proprietary oil extraction and remediation technologies. The Company has an environmentally safe and sustainable technology for the extraction and reclamation of heavy oil and bitumen from oil sands, oil shale deposits and shallow oil deposits."

Now add to this :

"Chevron to spend $10bn on clean energy push"


You can see the type of companies that will be looking at Tomco/Greenfield. Billions of barrels in Utah oil sands and only 2 companies with the tech to produce it cleanly.

For $110m (peanuts ot these type of companies) they could get a slice of Greenfield and make a truly staggering amount of money with multiple plants.

IMO it is not about IF they get the financing done it is purely about how much they will want to give away of greenfield if they go down that route.

Which would you prefer?

Greenfield get asset/reserves/take off investment and go it alone (with Valkor)

or

A company 'like' Chevron come in and take a stake in Greenfield in return for financing the 1st plant?

[fenners66] 15/9/2021 12:09

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

"June 03, 2021" " 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"


June 10, 2021 3:01am
Petroteq Energy Announces Initial Load of Sales Oil has Been Tagged for Sale

June 17, 2021
"WTI Price Paid for The First Truck Load Of Oil Produced After Restart of Operations"
"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"

"August 12, 2021"
"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"

As said given the nature of step by step updates , this reads as only 486 perhaps since 49.48 barrels of the first load were not taken at the time, maybe only 437 barrels produced....

So in amongst that they got 180bpd what about the rest of the time ?

[rmart] 15/9/2021 12:02

the clowns over there will never give up Damac. Even when Tomco announce the finance is in place they will still find another reason to moan, groan, lie, de ramp.

Totally pathetic, 3 three stooges and Wilson2.

[damac] 15/9/2021 11:59

I agree entirely with that TD.

[goulding1215] 15/9/2021 11:58

$71.34 WTI. Going up as next hurricane about to hit Gulf coast of USA.

[goulding1215] 15/9/2021 11:54

Diddlysquat was this your post?:-

There are no refineries able to take any oil produced by Greenfield between the site and Loa Angeles. So, they will have to take it Pennsylvania to be refined, then trucked down to Florida, shipped to LAX via the Panama Canal, before being shipped to Los Angeles for the Cruise Liners.

It is so stupid and illogical it can only have been written by you or bent Fenders. What a pair of hopeless dopes.