Tomco Energy Share Discussion Threads

[ducky fuzz] 13/10/2021 14:51

Are we expecting the $5 Million 3rd party finance to be sorted BEFORE John Potter
returns to the UK on Friday.

[rmart] 13/10/2021 14:05

Fenners deserves no time from anyone, he is pure bare faced liar.

[ducky fuzz] 13/10/2021 14:05

Online 0.644p sell and 0.654p buy for 1 Mill.

Quite high volume. Bid odd on no news. DF

[paulfromyahoo] 13/10/2021 13:59

fenners66, your information is wrong, and you clearly have not read the latest reports- your information is just blatantly false. They had a test plant, they achieved what they intended to achieve, and had a 3rd party verify and certify the results. If you are not going to bother to actually do the research, there is no point in continuing this conversation. Feel free to get in the gratuitous last word. Readers will make their own opinions, and hopefully perform their own DD.

Although I have to admit, citing historical failures was kind of funny- sort of like responding to Edison's successful light bulb by proclaiming "...but look at all his previous failed attempts!"

[goulding1215] 13/10/2021 13:20

JP due back Friday.

[stuart little] 13/10/2021 13:19

Just people taking /returning to their seats ahead of the next move up, over a penny on next news imo, Most of the noise is still coming from the other side, as it has been since the price was .45p. I believe reports taken from cave drawings, or sometime around that period, are now being used to prove their point.

[wilson2] 13/10/2021 13:19

Only a Wally would buy these

[ball deap] 13/10/2021 13:01

Who said Waldo wasn't taking a holding? Look at those buy trades !!!

[ball deap] 13/10/2021 12:10

I said this would happen

[rmart] 13/10/2021 12:08

What happened guys? In Spain and not up to date?

[ajj2003] 13/10/2021 11:40

cat....bag....boom ;)

hopefully sooner rather than later

[goulding1215] 13/10/2021 11:39

The way the share price is moving, looks like it.

[stuart little] 13/10/2021 11:29

I think I read that john is returning on Friday this week...is he bringing the bacon home?! Safe journey to him...and his bacon!

[fenners66] 13/10/2021 11:11

Too easy for the gamblers and dreamers to focus on the potential rewards.
That's why $100s of millions get lost.

They ignore the hard commercial reality....

What interest rate would anyone want lending $110m to a one man band ?

Before the forecast interest rate rises ?

[chadwick123] 13/10/2021 11:09

Two 9 million buys, somebody’s confident.

[fenners66] 13/10/2021 10:57

Once again come on all name the date.

When will Greenfield / TOM open a 5000bpd CORT plant ?


Who will kick us off ?

[fenners66] 13/10/2021 10:56

PaulfromYahoo.

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

"the risk is in the corporate ownership and financing, not in the tech itself."

Whilst the process may have been proven to work , look at the history.

US Oil Sands Inc - "The company uses a proprietary citrus-based bio-solvent to extract the bitumen, eliminating the need for large volumes of water or tailings ponds."

Sound familiar?
The plant at PR Spring had $62m invested in it. Plant not a test project.
How do you think someone made that decision , tossed a coin?
No.
They proved it worked - in principal.

Then - "Another US$2.5 million in working capital was then made available to USO, provided the plant could produce 500 bbl/day for five consecutive days. In the summer of 2017, the company warned it had "significant doubts" that it could continue to operate, but said it intended to work towards optimizing the facility until first oil was achieved.

In September 2017, USO went into receivership"


All these projects have had difficulty actually being commercial.
Reading the reports , over and over there were ambitions to get a plant to reach 500bpd which failed.
Even 250bpd failed.
Clearly dealing with clay , solvent reclaim , water, tailings etc has always been a "commercial" problem.

As others have stated - read the articles I already quoted - getting it to work was not a problem , making it commercial was.

Even with the POSP there were months of delay , waiting for confirmed 500bpd , then the aim was reduced to doing 250bpd.

Greenfield (as far as RNS's I have seen ) have never said that it HAS run at 500bpd and certainly NOT for the indicative 5 consecutive days that (for example) US Oil Sands funders wanted.

Hundreds of $millions have been lost in pursuit of this.
IF "this time its different " WHY have we Not had a trumpeted statement that it ran without a hitch for a week and 3500b were produced ?

After all the false dawns wouldn't anyone think that in order to convince anyone to invest $110m in a one man band that would be the bare minimum ?

That is why I checked all the aggregated numbers of barrels produced in the RNS's and Petroteq's announcements

Over 6 months of running and 2 deliveries were made (I forget the exact number now) but in total it amounted to something like 480 barrels of oil.

So its not yet , proven at commercial rates.
That has to be the same story so far as the previous trys.


Add in that Valkor has walked away from the JV and what have Greenfield actually got to persuade anyone to lend JP $110m+ ?

[chadwick123] 13/10/2021 10:50

lopodop
I don’t go with the flow, I make my own decisions on my own research, most of the posts here are very informative and of interest, my comments were directed at one of the clowns on here, that just hasn’t a clue what’s going on.

[lopodop] 13/10/2021 10:20

Chadwick123
Always remember the final laugh may be on you for going with the flow!

[ajj2003] 13/10/2021 08:22

Funny that, I suspect Valkor have opted for a potential 29% stake in Tomco because it reduces the likelihood of Tomco becoming a potential takeover candidate ;)

This is a huge new market with plenty to go around for everyone. Valkor will do very well from their 29% stake in Tomco plus all the engineering contracts that will come their way.

That is Valkor's bread and butter revenue stream, engineer contracts so why deviate from a potentially successful and very lucrative business model that they are in control of for the sake of a quick buck?