Tomco Energy Share Discussion Threads

[chadwick123] 13/10/2021 08:14

I see the Village idiots arrived.

[wilson2] 13/10/2021 08:05

If not the end, the beginning of the end

[paulfromyahoo] 13/10/2021 00:50

Hi fenners66- it is useful to go a little farther than 2013 in our research. In 2013 CORT was still theoretical, and that remained true until 2020 when the Greenfield JV became involved.

By 2021, the process had been made practical and successful, and received independent 3rd party engineering certification.

(This information is readily available from multiple primary sources and freely available on the internet for verification, so there is no valid reason for anyone posting here to not already know that information).

As a result, several entities have started buying up tar sands leases (especially Valkor), and an independent 3rd party (protected by a non-disclosure agreement during negotiations) is attempting to acquire a significant stake in Petroteq, or buy it outright.

In the context of TomCo, TomCo's only potential value at this point is that it owns significant mineral leases, and it also has an open license to Petroteq's CORT process through Greenfield. Whether or not TomCo can arrange the financing and production on its leases remains to be seen, and therein lies the risk.

The process itself is proven and independently verified at this point, so the risk is in the corporate ownership and financing, not in the tech itself.

[paulfromyahoo] 13/10/2021 00:35

I suspect that Valkor may have opted for the potential 29% stake in TomCo because it might be a takeover candidate. If someone bids up the shares, Valkor could make a quick and tidy profit.

In addition, Valkor itself could decide that owning the rest of TomCo would be worthwhile, based on the value of the leases, and it would be easier if they start off already owning 29%.
Interesting speculation, but there is not enough information to really go beyond speculation, so we'll just have to see how things play out.

[ajj2003] 12/10/2021 23:28

Fair enough but 29% is a very good starting position to defend oneself against any predator that comes knocking.

[paulfromyahoo] 12/10/2021 22:56

Hi ajj2003- I don't think VAlkor's potential 29% interest will matter much if a buyout happens. TomCo is so small and cheap, that a big company like Royal Dutch Shell could swallow them up as an appetizer. RDS is about to pay out $7 billion to its shareholders as a dividend, so a company like TomCo currently valued at +/- $16 million wouldn't even be a snack, much less a meal.

The incentive to buy TomCo would (IMHO) be getting access to its mineral leases, and also its PQE CORT license via Greenfield.

The Greenfield license is open-ended, allowing it to be uses at multiple locations, which makes it very valuable all by itself.

We'll see!

[paulfromyahoo] 12/10/2021 22:52

Hi diddymen- First, I would like to clarify that I have no "side", and no need to convince anyone. I hold Petroteq and TomCo, and made the effort to conduct DD before investing.

PQE had the patent for CORT, but struggled to implement it. In early 2020 they contracted with Greenfield, which was a JV between Valkor and TomCo, where Valkor provided the engineering expertise, and TomCo provided the capital.

Over the following year, Valkor successfully solved the engineering challenges, and improved the process to make CORT not just practical, but very profitable.

The process was independently verified and certified in the summer of 2021, which has led us to the current state.

As of now:

Petroteq owns leases to Tar Sands, and is currently in negotiations to either acquire an significant minority investor, or be bought out entirely. Petroteq owns the patent for the CORT process, so they will profit from licensing the tech, independent of any oil they may produce themselves.

Valkor has a license to use PQE's tech, and they also have mineral rights in Utah, USA, equivalent to the size of Manhattan Island. Valkor also owns a minority interest in PQE-- as a side note, when they perfected the CORT process for PQE, they took their payment in shares of PQE instead of cash. Very telling.

Valkor decided to "go its own way" and left the JV with TomCo, with the proviso that it can get 29% of TomCO if TomCo can get its act together and get financing for a plant. If that happens, Valkor will own a minority interest in both PQE and TomCo.

TomCo has significant mineral leases, and also a license to use PQE CORT tech via the Greenfield JV, both of which have value. Whether or not they will be able to leverage this value into production remains to be seen- that is the risk and the explanation for the share price.

For anyone interested in the history and timeline of the CORT process and it's successes and certification over the last year, I recommend the Petroteq reddit site, which has a multitude of links to primary sources. All bulletin board commentary- mine obviously included- should be taken with a grain of salt, and primary sources are always the most important sources of information.

I hope this helps clarify where I am coming from.

[jaynealex] 12/10/2021 22:29

Yes 5p would be ridiculously low ..looking to future cash flows if all goes well

[fenners66] 12/10/2021 22:18

Ducky this repeat is for you.....


"Ducky Fuzz
12 Oct '21 - 19:31 - 23389 of 23390
A lot of negative posters highlighting the historic failure of oil producers
have not taken the oil price prevalent at the time.

It is a lot easier to make money with the oil price at around 80 dollars."


fenners66
12 Oct '21 - 11:29 - 13104 of 13110

Abridged -

Wentworth
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, with Petromax to develop technology to extract oil from the tar sands. ceased using the Petromax technology when it proved commercially unviable.

Based on the cessation of the use of the Petromax technology... 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






PS that was $53 an acre .....
but that was in 2005 .........
Oil price December 2005 was ........

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





Its a lot easier to make money , buying land at $53 an acre than $24,000 an acre
especially since it was $84.85 a barrel Dec 2005

[ajj2003] 12/10/2021 19:45

Really think that the Valkor deal taking 29% of Tomco is the insurance policy against a hostile takeover.

Once the first plant is up and running and in addition in situ wells are producing, Tomco is a very different animal.

With oil prices on the rise, the share price should be multiples of the 5p by that stage and happy days all around;)

[ducky fuzz] 12/10/2021 19:31

A lot of negative posters highlighting the historic failure of oil producers
have not taken the oil price prevalent at the time.

It is a lot easier to make money with the oil price at around 80 dollars.

[ducky fuzz] 12/10/2021 18:54

Depends on the price offered I guess.

What do the big boys like rmart / damac / The Fish / Stew L want share price wise.

[ajj2003] 12/10/2021 18:51

I presume Valkor taking a 29% stake in Tomco will act as a defence against that possibility.

[busamitch] 12/10/2021 18:47

If they take out PQE then they must surely take out Greenfield/TOM...

[ajj2003] 12/10/2021 18:41

Dear shareholders,We would like to inform you that @PetroteqEnergy Board of Directors has met in Vancouver BC, Canada and is proceeding with a due diligence on recently announced NDA and verification of funds from the third party. $PQEFF

[ball deap] 12/10/2021 17:28

Oil looks to be about to breakout again

[goulding1215] 12/10/2021 16:47

Just skimmed the black side. Fenners is an obsessive sociopath. Anyone posting on thin air is crazy.

[hotfinance14] 12/10/2021 16:18

Fnntastic.

[rmart] 12/10/2021 16:04

Still going on, order filling for those who see the value coming up.

[hotfinance14] 12/10/2021 16:03

rmart...what ahppened to the tree shake ?

[ducky fuzz] 12/10/2021 15:42

Online sell 0.6085 and buy 0.614p buy for 1 Mill.

[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!