Tomco Energy Share Discussion Threads

[talais] 29/9/2021 13:41

2 hours no trades,!!!!

[wilson2] 29/9/2021 13:39

Tomco warns of funding uncertainty , Says it all , they have no money and cannot raise any money.There's only one outcome now and that's to go into liquidation

[vauch] 29/9/2021 13:34

Previous operators have drilled around INK’s acreage
indicating an oil saturated reservoir 27-53 metres thick
at depths from 60-914m. Published results (UGS) from
6 wells drilled within INK’s acreage report oil saturation
of 65.6% of 10-140 API oil in sandstones with porosity
of 30.3% & permeability of 524 mD.

Ans as such can see why they did not go for a farm in as they want to go it as 100% owner.
Also this reservoir may well be half in our block.

[talais] 29/9/2021 13:33

Maybe another rns logged

[vauch] 29/9/2021 13:31

I cant understand the sudden holt in trading.

[rmart] 29/9/2021 13:29

Now it IS 1 hour sonce the last trade. Very odd. At least the panic sellers have gone. Now we need a tonic to get us moving again.

[rmart] 29/9/2021 13:17

by the way, the lease that valkor is taking is 3400 acres+, lots of room for more 5,000bopd plants in return for the deeper oil sands.

[vauch] 29/9/2021 13:17

Valkor did not farm in as they wanted it to themselves, great move bu Valkor

[rmart] 29/9/2021 13:14

Ask yourself why Lopo has dissapeared. He knows.

Dont ask WILSON, he knows less than you!

[stuart little] 29/9/2021 13:02

Clearly the mining report and reserve report were positive as they allowed the DD to be completed, to what we believe to be the lenders criteria. I will be expecting some detail to be announced to Tomco’s shareholders (owners) on these soon! The reserve report should be especially interesting reading!

[talais] 29/9/2021 13:01

Cheers , not showing on here

[rmart] 29/9/2021 12:58

last trade was a 1m buy, went through on AQSE

[rmart] 29/9/2021 12:50

keep up, they bought the project in July 21. May 21 presentaion is not relevant (again, you must try harder).

[talais] 29/9/2021 12:50

No trades for an hour!!! Big order being work, imo

[fenners66] 29/9/2021 12:47

"rmart
29 Sep '21 - 12:36 - 12807 of 12809

and that has what relevance exactly ?"

You mean looking at accounts and published data to do.....
..... research ?
I can see how that may confuse, some.

[rmart] 29/9/2021 12:46

last but 1 page. shows the lease location.



it is all becoming clear.

Also look at the presentation re Trinidad, again working with Valkor?

[vauch] 29/9/2021 12:45

Why no trades,

[fenners66] 29/9/2021 12:43

Strangely enough this is from their 26th May 2021 AGM presentation

"HCD signed MOU with Valkor that envisaged Valkor
would fund 3 vertical wells or 1 horizontal well to earn
up to 65% in deeper areas and up to 85% in the shallow
‘mineable̵7; areas. Valkor has not completed the farm in
and are unlikely to do so."

[rmart] 29/9/2021 12:36

and that has what relevance exactly ?

[rmart] 29/9/2021 12:34

its all good vauch. I think Valkor will be revealed as the party funding the 10% land deal as soon as their deal with HDL is completed. It will be being kept under wraps until then hence the 6 week extention. I dont think it will be 6 weeks. There will be a lot of lee way in there.

[vauch] 29/9/2021 12:34

If you would like to read the complete article.

[vauch] 29/9/2021 12:31

Can this be the area where previous samples have come from.
And they want to check extension and depth

[vauch] 29/9/2021 12:30

From HDL webb site

The information from previous operators has demonstrated an oil saturated reservoir approximately 90-175’ (27-53 metres) thick, at a depth range of between 200-3000’ (60-914 metres).

Based on previous results published on the Utah Geological Survey website of more than 330 core samples from six test wells drilled in the sections adjacent to HCD’s acreage, the target zone has reported reservoir properties that include an average porosity of 30.3%, average permeability of 524 millidarcies, oil saturation of 65.6% and an oil gravity of 10-140API.