Tomco Energy Share Discussion Threads

[vauch] 07/10/2021 10:34

How big a carbon credits can Greenfield get of the back of PQE's clean oil extraction system?

[fenners66] 07/10/2021 10:08

Once again they had an actual deal with HCD and did not follow through.
Now they have bought the land , timed about the same time as their "exit" from Greenfield....
Concentrate their resources on their own land .... makes sense to me....

[chadwick123] 07/10/2021 10:00

A lot of people think it could be New Day Energy Development, LLC, they own the leases next too the TSHII site, so Valkor could only be doing the drilling

[fenners66] 07/10/2021 09:31

So they think the 3rd party is Valkor.

Valkor is a private company presumably owned by some shrewd operators.

Valkor struck a deal with Hydrocarbon Dynamics in March 2020 to earn into oil drilling interest by "funding the next two phases of exploration, appraisal and development."
"would fund 3 vertical wells or 1 horizontal well to earn up to 65% in deeper areas and up to 85% in the shallow"

Sound familiar ?

Of course they did not do it.

Instead they bought the 3,459 acres for $500k.


Remember this is previously drilled 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 14 0 API oil in sandstones with porosity"

That land is not exploration and speculation.

So now what happens with Greenfield ?
Valkor who bought the land from HCD 29-9-2021 now just abandon the prospect and instead move next door to Greenfields land?
They spend the next 14 months generating $18.25m to buy Greenfields land ?

They want out of Greenfield and could end up with 29% of TOM , so a share of Greenfields losses or profits.... ?


Valkor are clearly shrewd.
They roped TOM into their deal with Petroteq and got TOM to fund their $1.5m upgrade of Petroteq's plant .

So are they shrewd enough to concentrate their resources on their Own acreage , just bought with ...

"Basin. Independent certifiers,
Netherland Sewell & Associates, have estimated an
OOIP of 141.7 million barrels ( mmbbl ), and Contingent
Resources of 12.4 mmbbl of 2C."

History says they are ....

[chadwick123] 07/10/2021 08:54

I get the impression that your not very bright Wilson

[stuart little] 07/10/2021 08:53

No. Great isn't it.

[wilson2] 07/10/2021 08:45

What's happened to the 10.000 barrels a day plant, has that been shelved now for 5 holes in a hill

[fishyneck] 07/10/2021 08:27

I don't want tom to "chuck something together". Yes QFI have given us a big clue as to the coming months but I don't want that to force John into releasing a 'sketchy' RNS. Let him get the finance, permits, initial drill dates sorted etc. The market will appreciate that more.

fn

[ajj2003] 07/10/2021 08:23

yep the drilling of these five wells is a piece of cake for these guys

Nice to be ahead of the game for once ;)

[talais] 07/10/2021 08:23

I expect they are chucking something together, rns later I hope. Gla

[rmart] 07/10/2021 08:21

AJJ2003, the holes are not hard either, I think they are only around 600ft? 2 to 3 days to drill each one I reckon.

Quite shocked we have nothing from Tom after the qfi comments.

[ajj2003] 07/10/2021 08:08

A relatively painless, well known method of extracting oil using CO2 with the hardest part actually drilling the holes. That should tell you that this is a cash cow to fill the coffers while the plant is built and beyond.

Great new string to Tomco's bow with revenue mid 2022, what is not to like about this play, revenue in nine months ;)

[vauch] 07/10/2021 08:03

Eco Shale
Turbo Shale
PQU plant
And now wells

I hope this is not another jump into the unknown

[talais] 07/10/2021 07:53

Only 5 weeks to go, tar sands 2 sign off, then we will get date for first spud of 5 wells.

[goulding1215] 07/10/2021 07:18

I have to agree with SL on how this news has been released. It should have been JP’s ‘day in the sun’, but he probably told QFI First, who are a leaky ship at best of times.

[ducky fuzz] 07/10/2021 07:05

No RNS yet .. no RNS will make the day even more interesting.

[the diddymen] 07/10/2021 06:58

Reichsmart, probably quiet because we were trying to work out if you were behind the selling. Taken a few profits eh?

The price will be determined by existing holders. No third party in their right mind would touch this one before clarity on the 'insolvency/funding' outcome. It is binary.

[ducky fuzz] 07/10/2021 06:41

I think PQE is a head case and something I'd personally avoid.

20 minutes till we see if we get an RNS or not. Exciting isn't it.

[busamitch] 07/10/2021 03:58

Ugh.



The Company continues to work with the Exchange on a reinstatement of trading and will update the market as things progress. However, the Exchange has indicated that these matters and their review of the Transactions may take some time to resolve and that a reinstatement to trading is not expected in the near term.

[thrgef] 07/10/2021 00:17

May I add, TOM and QFI are now jointly aggressively looking for customers

[rmart] 06/10/2021 23:37

I see it is very quiet on the dark side 😂

[the diddymen] 06/10/2021 22:24

Reichsmart spending too much time selling to be able to post.

Knife starting to fall?