Tomco Energy Share Discussion Threads

[vauch] 26/10/2021 08:02

Offer enables shareholders to avoid significant risks with the status quo.
I dont think shareholders see PQE as a risk no that the plant actually works and has been proven to be scalable, most would see the long term investment that is about to grow at a staggering rate in the near term

[the diddymen] 26/10/2021 07:23

On the other thread:

Vauch25 Oct '21 - 16:08 - 23540 of 23545
0 2 0
it will be on the 15th November DF,

Vauch remember the adage. Get good news out as quickly as possible. Sit on bad news until the last moment.

Yesterday saw another drip. No news this week and positions will start to unwind.

No 10% property deposit (notwithstanding) no placing, no financing, no future.

[busamitch] 26/10/2021 07:21

Correct.

"In September 2020, Viston decided to expand its due diligence on Petroteq’s technology with a view to developing a concrete strategy for investing in Petroteq. Early in 2021, Viston engaged a consulting company, Uppgard Konsult AB (“Uppgard̶1;) to develop and implement a strategy for investing in Petroteq."

[vauch] 26/10/2021 07:18

If so then this now will open the door for another bidder

[vauch] 26/10/2021 07:17

I assume this is the co upgard where working on behalf of

[busamitch] 26/10/2021 05:30

If real, how much for TOM?



Viston United Swiss AG Commences All-Cash Offer to Acquire Petroteq Energy Inc.





Petroteq shareholders to receive C$0.74 in cash per common share

Offer represents a premium of 279% over the most recent TSX-V closing price and a 1,032% premium over the TSX-V volume weighted average price for the 52 weeks preceding the German purchase offer announced in April

All-cash Offer provides full and certain value and liquidity for all shareholders

Offer enables shareholders to avoid significant risks with the status quo

[ajj2003] 25/10/2021 22:25

https://www.petroteqoffer.comFrom lse site

[ajj2003] 25/10/2021 18:33

goulding 1215 - Continue to lose money but be less well informed during the process ;)

Get the feeling things are going to start to move in our favour very soon. Good luck all ;)

[goulding1215] 25/10/2021 17:33

Informative and good post, Damac. What would we do without you?

[ajj2003] 25/10/2021 17:29

Well only 15 trading days left to find out ;)

[vauch] 25/10/2021 16:08

it will be on the 15th November DF,

[ducky fuzz] 25/10/2021 15:08

I wonder whether other posters think that we will be RNS'd news this week OR is it more likely it will be early to mid November.

Is John Potter in the UK at the moment ? I lose track. DF

[fenners66] 25/10/2021 14:20

damac - 08 Oct 2021 - 10:44:58 - 23273 of 23538 TOMCO - TURBOSHALE -

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

... Financial closure of the $110m funding package"

The only way there could be final closure of that before the end of December is , if everyone tells them to forget it and they give up.

Instead I expect that narrative to last for years yet , how else are they going to persuade the next share placings etc....

[ducky fuzz] 25/10/2021 13:44

damac - 08 Oct 2021 - 10:44:58 - 23273 of 23538 TOMCO - TURBOSHALE - Commercialising Oil Shale Production - TOM


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.

[goulding1215] 25/10/2021 13:35

Lol, Vauch!!

[vauch] 25/10/2021 10:30

By Tomco, well id be surprised if we had news from our own company it always seems to come from PQE or Quadris

[georgeo1] 25/10/2021 10:10

We're there news to be announced by end of October?

[fenners66] 25/10/2021 09:36

I think there is a link between WTI and TOM....
Absolutely WTI tracks what happens to Brent not exactly but clearly with a correlation.

Brent helps determine the price of fuel.

Cost of petrol and diesel is going up...

Cost to fill up JP's car rises....

Monthly expenses will therefore empty the petty cash / bank account more quickly.


A clear link......

[the diddymen] 25/10/2021 09:22

Goulding, there are a few assumptions between your linking WTI and TOM's market cap. Firstly they need to raise the deposit to overpay for the land and secondly they need to convince someone to take on the market risk of $110m+.

The first hurdle is relatively small, but plenty of scope to fail. Three weeks to go until that hurdle.

Into November without an announcement and the mood on the BBs will change.

[goulding1215] 25/10/2021 07:20

$84.52 WTI. TOM’s value going up almost daily.

Natural gas up 4.54% not good news for winter.

[thrgef] 24/10/2021 22:50

No the rollovers won't be closed. The shares will be bought, Goodbye for now

[the diddymen] 24/10/2021 22:00

So at what point in the next three weeks does panic set in and gamblers start to close positions?

[ajj2003] 24/10/2021 21:40

If the first two weeks of November are the insurance policy then this could be the week for company making news ;)Time will tell as always. Good luck all.

[ducky fuzz] 24/10/2021 21:32

Well next week is the last week of the month ..
Will we hear about our oil resources?