Tomco Energy Share Discussion Threads

[lopodop] 12/10/2021 14:15

Well Well you could ask JP. He would receive around £250k payoff and be free to use his knowledge and contacts to work with SB or any other party for that matter in furthering oil / sands production if he wished to so do. SB would also be another potential beneficiary obviously.
Investors already know the irony - JP with no investment / effectively little risk stands to do very well. Good for JP! SB, well he is jumps ahead already!

[ball deap] 12/10/2021 11:57

You can't even short it so hard to say who gains.

[lopodop] 12/10/2021 11:44

Who stand to gain if TOM fails?

[jaynealex] 12/10/2021 11:42

Hi Damac , I didn't say anything yesterday ...but steady buying no real price movement ...other days minimal selling , down comes the price

This share always seems to have an anchor thrown overboard

Somebody take the handbrake off !!

[ajj2003] 12/10/2021 11:40

Looks like buyer was on LSE board, order filled so OK to move forward again ;)

[fenners66] 12/10/2021 11:30

$53 an acre with crude at $84.85

How does that stack with $24,000 an acre and crude at $81 a barrel .....

[damac] 12/10/2021 11:30

They completely ignored the 2.5m buy (at full ask) just 20 odd second before the 2.6m sell. Only reason I can think of is they have an order to fill.

[fenners66] 12/10/2021 11:29

Thanks for the heads up on Wentworth george01

From their accounts :-

Asphalt Ridge Tar Sands, Utah

In December 2005, we purchased leases covering approximately 1,900 acres in the Asphalt Ridge Tar Sands project near Vernal, Utah from an unrelated party for $100,000 cash and a 5% overriding royalty interest. The oil-saturated sands in the Mesa Verde Group and the Duchesne River Formation have been identified at varying depths from the surface to over 1,500 feet below the surface. In March 2006, we invested in a corporation, Redrock Energy, Inc, (“Redrock̶1;) (formerly Wentworth Oil Sands, Inc.), with Petromax Technologies LLC (“PetromaxR21;) to develop technology to extract oil from the tar sands. For our 23.5% stake in Redrock, we contributed the Asphalt Ridge Tar Sands leases to Redrock and issued to Petromax 200,000 of our common stock valued at $0.4 million and options to purchase 300,000 shares of our common stock at $1.25 per share. Redrock ceased using the Petromax technology when it proved commercially unviable. Petromax exchanged its 200,000 shares and 300,000 options in our common stock for a lesser position of 100,000 shares and 150,000 options to purchase common stock at $1.50 per share. Based on the cessation of the use of the Petromax technology, management believed that the Company’s book value on this investment should be written down by $0.6 million to zero at December 31, 2006."

Ultimately Wentworth went bankrupt as well having amassed losses of $105m

We are not talking about small fry here.

There have been very big companies look at and invest in Asphalt Ridge and the tech.

As far as I can find - NONE have made any money out of it.

Now come on lets have some educated guesses as to when TOM/Greenfield open that CORT plant at Asphalt Ridge ....


PS that was $53 an acre .....

oh and in case some say but that was in 2005 .........

Oil price December 2005 was ........

Crude Oil Prices - 70 Year Historical Chart
Interactive charts of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel back to 1946.

........ $84.85 a barrel

How the similarities stack up.

[rmart] 12/10/2021 11:28

Trying a shake, it won’t last

[damac] 12/10/2021 11:25

Was just going to say Jaynealex, very odd behaviour from the mm's.

[jaynealex] 12/10/2021 11:23

Any excuse to drop it ,could that have been a ISA transfer ?

Deliberate change of order of the trades ??

[rmart] 12/10/2021 11:18

I must say I have never listened to him and I have done very well from Tomco thanks. I will also do very well again over the next few weeks.

[ducky fuzz] 12/10/2021 10:57

It is strange how on these BB's we never get balanced posts do we ..

Things are either black or white, never grey.

[stuart little] 12/10/2021 10:43

I filtered the clown yesterday, not something I generally do but on this occasion I'll make an exception.Doesn't know where the POSP is located - tried to turn into a negative.Doesn't understand the structure of the JV-tried to turn into a negative.Is under the impression the third party 5 wells need to pay for the 100% land deal. I could go on. There are no facts, just BS.

[ducky fuzz] 12/10/2021 10:40

Online sells 0.6122p and buys are 0.633p for 1 Mill.

[goulding1215] 12/10/2021 10:32

I am not interested in bods on other companies

[lopodop] 12/10/2021 10:31

Failing to listen to Fenners is going to cost investors dear. TOM is on a knife edge and those who do not pay attention and think will have only themselves to blame. It cannot be spelt out any more clearly. TOM is like a drug to many - they cannot resist it, admire those who fuel it and despise those who rightfully try to bring facts and common sense to bear. Enjoy the kicks while they last!

[georgeo1] 12/10/2021 10:24

Same happened to Wentworth energy. Aspalt ridge,vernal ,utah

[fenners66] 12/10/2021 10:21

Just for fun , how about a competition ...

Name the date, that TOM/Greenfield opens a CORT processing plant at Asphalt Ridge.....

All posters and lurkers , guess the date , the winner will be able to regale their friends with stories of how they outwitted the other entrants...

So 1 Dec 2023 ?
10 May 2024 ?

Roll up roll up place your bets....

[georgeo1] 12/10/2021 10:16

One thing I know from Fenners posts is that he is 98.5 %right about the bods on companies that he has been mentioning in the past. I ...for some reason used to doubt Fenners but he's right.

[fenners66] 12/10/2021 10:04

Crown Energy and MCN Energy bust
US Oil Sands went into receivership and failed 2018 after spending $62.5m on " PR Spring would be the first commercial oil sands mining facility to employ a solvent extraction process."
Petroteq has tried and lost a fortune

Now some see TOM as raising $110m to succeed, thereby giving Valkor 29% of the company.

Does history not tell us anything, after all now that TOM will have to go it alone trying to get Greenfield going , who in the company knows anything about it?Who's going to manage it?

[fenners66] 12/10/2021 09:56

That was a paper numbered 2004 , written in 2013

[fenners66] 12/10/2021 09:55

BRIEF HISTORY OF ASPHALT RIDGE DEVELOPMENT

First known extraction plant using hot water 1930's

In the 1970’s several other oil companies also performed exploratory drilling, including;
Sun Oil Co., Texaco, Phillips, and Shell.


Crown Energy and MCN Energy built an extraction plant based on solvent extraction
technology at Asphalt Ridge in 1997

"Tar Sands Holdings II acquired the mining project from bankrupt developers who had struggled for two decades before giving up in 2012. The operation includes an ore-processing plant"


If you read through the article it suggests that the solvent process is difficult because of clay in the solvent and struggling for commercial recovery of solvent, it was written in 2013 so perhaps these problems have been overcome.

But we do know that Petroteq have lost a fortune ....

[chadwick123] 12/10/2021 09:54

I bet that was interesting fenners, 2004, 17 years ago, not exactly up to date info then, once again your posting rubbish for some reason, must go, time for some golf.

[fenners66] 12/10/2021 09:42

Just reading ...

"Society of Petroleum Engineers - Paper - 2004
"Study and Demonstration of a Process to Extract
Bitumen from Utah Tar Sands"

Though I'm sure all have already read it.
Interesting history lesson....