Tomco Energy Share Discussion Threads

[damac] 08/10/2021 10:44

Vauch,

Unless any of us are nervous traders (which I don't think the majority, if not all, of regular posters on here are) we honestly shouldn't be bothering where the share price is at present. The share price will take care of itself as significant news is released between now and the end of the year and beyond.

I am hoping we hear of the following before the end of December....


1. RNS on completion of the 10% purchase in Tar Sands Holdings II LLC by mid-November, though I personally think it will be sooner, possibly this month. As we now know that money will be advanced to Greenfield from the 5 wells project enabling them to make the 10% purchase without the need for a placing. This will hopefully also provide details on:

1.1. Info on who the third party is behind the proposed in-situ extraction wells.
1.2. Info on how the agreement with Greenfield is structured.
1.3. Info on timescales from first drilling to first oil on the wells.
1.4. Info on the expected quality of oil being produced from the wells.
1.5. Info on anticipated daily/annual production rates and lifespan of the wells.
1.6. Info on production costs and estimated profit per barrel from the wells.
1.7. Info on potential buyers/any off-take agreements on the oil produced.


2. Site Reserves report generated by Netherland Sewell. I am hoping we also see this soon as it should give a more up to date estimate of both recoverable ore to be targeted for the 5k plant and estimated recoverable oil being targeted by the in-situ extraction process. With regards to the numbers on the In-situ extraction process, I would also hope we see some sort of statement regarding how they intend to ramp up from the initial 5 wells to maximise the extraction process over time.


3. Financial closure of the $110m funding package being pulled together for the building/commissioning of the 5k plant and for the further 90% purchase of Tar Sands Holdings II LLC.

[stuart little] 08/10/2021 09:31

My best guess is about £800k with revenues pouring in from early 2022. All the clues are there. This is going to be huge! Happy days.

[lopodop] 08/10/2021 08:49

VAUCH
whilst you are getting your head ..... Does anyone have a current cash reconciliation?
It may offer a clue?

[wilson2] 08/10/2021 08:42

Once the land deal is done we'll be back to 0.8 What happened to 5p prediction

[wilson2] 08/10/2021 08:39

I can't understand why the share price isn't lower.

[lopodop] 08/10/2021 08:38

VAUCH
You say you can't get your head....
Stand back and think NOW! It's pretty obvious!

[vauch] 08/10/2021 08:26

Once we gat the land deal announced will we back at .8
Just cant get my head around why this has such a depressed share price
Their that's one for the dark side to chew over.

[goulding1215] 08/10/2021 06:22

It gets better for oil producers:-

hxxps://oilprice.com/Energy/Energy-General/A-Cold-Winter-Could-Send-Oil-Prices-Soaring-Past-100.html


WTI:- $79.32. Did I read that there is a premium of $[8 on clean oil. There is your $100 pbo

Good for GREENFIELD,who could be producing oil in a few months.

[wilson2] 07/10/2021 22:51

It's a funny old game

[busamitch] 07/10/2021 21:13

Bit like NUFC

[ducky fuzz] 07/10/2021 21:06

Just read today's PQE announcement. PQE really are a basket case. They have borrowed so much money over the past year or two.

[ducky fuzz] 07/10/2021 18:12

Don't do it Fishy it makes you feel terrible.

[fishyneck] 07/10/2021 18:10

My beloved Newcastle United back from the dead....Tommy next up! :-)Ducky I'll be having a few to celebrate tonight!!

[vauch] 07/10/2021 17:49

LOL, the pair of you.

[ducky fuzz] 07/10/2021 17:13

That LOL counts.

[ducky fuzz] 07/10/2021 16:50

Hi V .. Contestant number 7 rather floored me.

[vauch] 07/10/2021 16:48

Hell DF has been quiet all day, DF where are you?

[damac] 07/10/2021 16:40

Indeed Stuart, this is huge.

[stuart little] 07/10/2021 11:46

Interesting in the presentation where the chairman said "we aren't interested in working with Petroteq, it's all about greenfield for us". They know where the future lies...

[rmart] 07/10/2021 11:46

It’s not news that is why, just qfi spouting off, when it comes officially it will be busy!

[fenners66] 07/10/2021 11:32

Vauch
7 Oct '21 - 10:34 - 23255 of 23256

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

This year ? None
Next year ? None
Year after ? Likely none...

Its not even on the discussion agenda any more.
Because they have engineered the urgency to pay for a land deposit , that they do not have the cash for , that is the priority for the next .... months

Then if they are lucky , back to old school drilling for oil, how easy to get a permit for that ?

Just to pay for the land...

If that ever gets done its back to financing.....

No green oil extraction in that lot.

[vauch] 07/10/2021 11:26

Wow after yesterday the thread has gone so quiet.