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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tomco Energy Plc | LSE:TOM | London | Ordinary Share | IM00BZBXMN96 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0275 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Drilling Oil And Gas Wells | 0 | -2.35M | -0.0006 | -0.50 | 1.07M |
Date | Subject | Author | Discuss |
---|---|---|---|
12/10/2021 09:24 | I said this would happen | ![]() ball deap | |
12/10/2021 09:20 | At tick up with just a 1m buy, looks like we will move pretty fast when buying picks up. | rmart | |
12/10/2021 09:17 | "Vauch 12 Oct '21 - 07:59 - 23362 of 23364 Gould, even with a statement from the co, the dark side will just twist it so no point in fueling the fire." Are you advocating a quoted plc. should not keep the market well informed , because of a BB ? | ![]() fenners66 | |
12/10/2021 09:12 | fenners is here for one reason, to disrupt and cause doubt, by circulating complete and utter rubbish, any positive posts here will be turned by his devious means, he must have a very sad life. | ![]() chadwick123 | |
12/10/2021 08:43 | Fenners reckons he is the ultimate researcher on shares, in actual fact he is the worst researcher ever as he either cannot read or cannot understand what he reads. Or, more than likely is a pure liar. | rmart | |
12/10/2021 07:59 | Gould, even with a statement from the co, the dark side will just twist it so no point in fueling the fire. | ![]() vauch | |
12/10/2021 07:20 | Clarification from the company would be appreciated. Without clarification, Fenners and co can say what they like without fear of rebuttal. Ducky, I suggest just let the company get on with it, they have done OK so far. | ![]() goulding1215 | |
12/10/2021 07:05 | PaulfromYahoo - maybe the technology is improved and will work this time. Set aside the property issues, your side of the fence is now asking a third party to take on $110m of risk. The third party is being asked to look at a technology that has history, and MD that has history and is a one man band. The employees of the third party will have to report their successes and failures personally. Convince me. | ![]() the diddymen | |
12/10/2021 00:26 | High risk high returns. | ![]() ball deap | |
11/10/2021 22:24 | fenners66- You are out of touch with the progress on CORT in the last year. You need to take some time, and read what has been referred to you. The answers to your questions are readily available, and it is bad form to expect others to regurgitate the information for you here if you are not willing to make the effort yourself. If you are actually here with the idea of prudently and profitably investing your money, you owe it to yourself to make the effort. | paulfromyahoo | |
11/10/2021 21:16 | Cheers damac, your insight is most appreciated ;) | ![]() ajj2003 | |
11/10/2021 21:02 | Thanks damac. | ![]() ducky fuzz | |
11/10/2021 21:00 | stuart said he had the answer before as to Why an option deal was entered into but would not say Now he portrays a grand plan for funding - but that option could have been structured to suit the plan not , set them up to look like they are lurching from one missed deadline to another. If drilling for oil old school; is injecting steam tantamount to fracking (I don't know I'm no expert on fracking) ? was going to be the plan all along how does TOM fit into that ? TOM was "Turboshale" the name of the other thread trumpets that - except it isn't any more. Then TOM was RF - which covid has apparently halted development of , whilst everything around it continued. It now no longer gets a mention in company RNS's , was that part of a grand plan? Next up they join a JV to exploit CORT which despite the name change appears to have the same description that has been attempted for over a decade and as long as .....? Now in order to get that started there is the grand plan , but who's grand plan? or is it just opportunism since other funding routes are not available in time ? Who came up with the drilling idea? Mystery third party ? Is the third party Valkor ? Who took on the CORT from Petroteq ? Valkor. Who took TOM in as a JV partner ? Valkor Who got TOM to spend $1.5m ? Valkor Who proposed the Tar sands land ? Who is going to drill it , without using "clean" technology ? Who ditched their involvement in the JV for no consideration if funding for a plant never happens ? Valkor Who now operates with their former partner at arms length ? Valkor Its a strange looking puzzle..... | ![]() fenners66 | |
11/10/2021 20:52 | No, I don’t. If Greenfield are doing this correctly, (given their record to date of doing things in a prudent & logical manner) and I have no reason to believe otherwise, they will only submit permit applications once the initial $1.5m has been received. Also, I’m not sure DOGM would accept permit applications from Greenfield relating to land that they don’t currently have an interest in. In addition to the above, there would be no reason why Greenfield shouldn’t be currently preparing the permit applications, ready to be submitted as soon as the $1.5m is received from the third party. Edit: And by the above train of thought, you wouldn’t expect the third party to hand over $1.5m until the permit applications are good to be submitted. So, logic leads me to think that we are currently waiting on the permit applications being completed by Greenfield. | ![]() damac | |
11/10/2021 20:47 | SL Your point is made well and taken. Without being 'viscous' towards JP as DAMAC suggested, I understand REGAL failed because JP allowed its languishing operation to continue for too long. Bearing in mind JP is running TOM quite alone, the warning signs are already there in my view and surprisingly the chairman seems very enthusiastic when perhaps he should be more cautious. Of course you can't bear to face the negatives and that's why you are showing the serious symptoms of a rattled persona. Anyway TOM is on the path JP has set, which you and many others wholly endorse and where any criticism is unwelcome. | ![]() lopodop | |
11/10/2021 20:41 | damac .. do you think we are waiting for drill permits before we get the cash. If so does it take long please. | ![]() ducky fuzz | |
11/10/2021 20:30 | Ducky, your post #23347. Think on it from a different angle. The 3rd party want to spend $3.5m to have an initial 5 wells (with the required associated infrastructure) drilled on TS2. They recognise that Greenfield don’t currently own the initial 10% which would give Greenfield the exclusive right to purchase the remaining 90%, or to turn up on site and start drilling. Therefore the third party is more than willing to front up $1.5m to Greenfield as a loan so that they can purchase the 10% and allow drilling to commence ASAP. Greenfield will willingly accept the loan (to be paid back from their share of oil produced by the wells - as per whatever arrangement is struck). This arrangement benefits Greenfield as it provides an easier route of finance to secure the 10% (rather than a placing), and provides an income stream to Greenfield a lot quicker than previously anticipated. This arrangement benefits the third party as permit applications can be submitted straight away in order to facilitate the start of the drilling of the wells in January. To summarise the above, the third party WANT these wells to happen, therefore the 10% purchase of TS2 WILL happen, with the third party’s funding. As I have repeatedly told Fenners, in any RNS being released by any company that mentions trying to secure funding/finance, it is mandatory that the same RNS must contain standard risk statements such as… ‘there is no guarantee that any funding can be secured blah blah blah’. It is a standard catch all statement that ensures that the company releasing the RNS cannot by accused of misleading investors/traders. | ![]() damac | |
11/10/2021 20:21 | Thanks Stewy. | ![]() ducky fuzz | |
11/10/2021 20:20 | Spot on Ducky as you point out 'there can be no certainty that a suitable agreement will be reached with this or another third party or as to the terms of any such funding'. Ducky one or two people on your thread are asking you to keep quiet. This elephant is not in the room. It is very high risk and may or may not happen - probably the latter. | ![]() the diddymen | |
11/10/2021 20:13 | Crack on guys, twisting words. Ignoring answers, what if this, what if that....it's so transparent. As the last word from me - do not mistake the non answering of your questions as people not having an answer. You've simply both made it pointless conversing. Both filtered. Enjoy your time together. | ![]() stuart little | |
11/10/2021 20:03 | Hi V .. I trust damac and The Fish and they have told us there will not be a placing and that is good enough for me. I believe this new 5 well drill venture is brilliant short term news for us and fills in the gap between now and our 5k bopd oil sands plant gets up and running. But as TOMco say in the latest RNS 'The extension of the abovementioned exclusive option to 15 November 2021 has been agreed to facilitate the ongoing funding discussions for the initial 10% acquisition, however there can be no certainty that a suitable agreement will be reached with this or another third party or as to the terms of any such funding'. | ![]() ducky fuzz | |
11/10/2021 19:52 | SL You appear supremely confident that JP's plan will work. You are clearly impatient with those who raise questions about its feasibility - very good questions after much research. Let's for a moment look at the dark side. What is JP's plan if the funding does not materialise? Is there a way out? | ![]() lopodop | |
11/10/2021 19:50 | stuart - you have attempted to explain why the funding was not the "predicted" fudge, almost as if you thought that was the "plan" 5 months ago. Remember the original option RNS states they had 4 months to arrange the purchase in , now likely at least 6.5m If there was a grand plan, why was the option not written as 6.5months in the first place and avoid any risk the landowner walks ? Furthermore whilst rmart was telling all it would be done by the original planned date , were you telling him to back off and not raise hopes as clearly the grand plan had a long way to go ? I recall you stating there would be no placing to fund it.... | ![]() fenners66 |
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