Tomco Energy Share Discussion Threads

[ducky fuzz] 08/11/2021 08:07

0.6302p sell and 0.6565p buy for 1 Mill

Price 0.65p and 0.66p

[vauch] 08/11/2021 07:59

Me also.
If it was that easy getting this across the line then it would have been done by now.

[lopodop] 08/11/2021 07:53

Realistically JP's position will be untenable next week so non execs will have little option but to save their skins and reputations. They have far more to lose than JP AND investors should point their fingers at them for allowing this situation to arise and the losses that may accrue. The non execs claim to have great expertise but not with TOM.

[hotfinance14] 08/11/2021 07:53

I atill expect another delay.

[davemarn] 08/11/2021 07:26

TOM as we await news...

Angus Energy 0.90p
Positives
• Equipment should be arriving on site Nov 21 – Feb 22 proving this isn’t hot air!
• Permitting and Approvals expected early December 2021
• First time in 2 years a Project is about to become a reality early 2022
• Huge rise in Gas Prices (300-400%): 51% stake in onshore Saltfleeby Gas Asset
• 52% recent upgrade to NPV10 from a revised CPR of Gas Asset now £25.5m (£9m market cap)
• £12m fully funded for Saltfleeby
• Sidetrack to Gas Project Planning Permission in place to try and double output
• £1.4m Convertible Loan Note holdings extended deadline to April 2023 for final payment!
• 2x Director Buys of 1m each mid 2021
• £8m potential funding with Aleph and Associates for a valid Geothermal play
• 165m Warrants of £2.1m at 1.36p average potentially available
• 26m Employee Options at 1.5p but fully vesting at 2p too
Negatives
• A group of Locals persistently fester on UK Share Forums to stop any buying momentum, the success in market cap makes it harder to stop any of their projects dead in its tracks!
• A substantial undercurrent set of Short Sellers who seem to be betting against delivery and pre-gas price rally; now hurting and desperate to close out their positions – towards First Gas Q1-Q2 2022. Their short positions could create a dramatic squeeze to 2p alone IMO.
• Legacy Oil Assets and failed projects knocked share price and confidence of Long Term Holders
• Geothermal Progress Seems Slow
• Delays seem to bother some impatient traders but Aleph have stumped £12m loan!
Share Price Predictions?
• Harmonics showing 2-3.5p target?
• Management believes 3.5p per share is Fair Value vs. 0.90p share price
GLA WTFDIK DYOR

[fenners66] 08/11/2021 07:25

Apparently no RNS so far... what a surprise...

Just crossing t's and dotting i's on the latest fudge statement ...

Half a million $'s into this option, do they add another $200k ?
At this rate the option would bleed them dry on its own....

Why did they sign up for that option again?
An option to buy land at maybe 140x the value of the drillable land next door , land that had been for sale for 5 years.
Land that they struggle to find cash for a 10 % interest in (at more than 10% of the total cost)?

[ajj2003] 08/11/2021 07:12

Just dotting the i's and crossing the t's with a bit of luck ;)

[jaynealex] 08/11/2021 07:03

Well no news this am ....they're going to take us to the line I think !

Keeps me focused at 8 in the morning !! Hahaha

[busamitch] 08/11/2021 03:58

Petroteq: The Future of Sustainable Oil Production
Nov 8, 2021

[fenners66] 07/11/2021 20:32

Boycott would be proud , corridor of uncertainty as predicted....

[the diddymen] 07/11/2021 20:23

D-6 tomorrow and into the zone of uncertainty. Clearly no good news yet or it would have been released.

TOM's employee is going to have to work hard.

[ducky fuzz] 07/11/2021 17:56

The Company is pleased to announce that it has now satisfactorily completed its due diligence exercise on TSHII and the approximately 760 acres of land and certain non-producing assets (the "Site") in Uintah County, Utah, USA, owned by TSHII.

Pursuant to the terms of the Agreement and its subsequent amendment, Greenfield paid a non-refundable deposit of US$300,000 to secure an extended period to undertake due diligence and an exclusive option to acquire an initial 10% of the Membership Interests for US$2 million, payable on or before 1 October 2021 . The Agreement has now been further amended by the parties such that Greenfield can now exercise its right to acquire an initial 10% of the Membership Interests for cash consideration of US$2 million on or before 15 November 2021, in return for the payment of a further non-refundable deposit of US$200,000 which has been made.

Greenfield is currently in detailed discussions with a third party which is funding an extensive in-situ oil production programme adjacent to TSHII's land, accessing resources deeper than Greenfield envisages mining for its purposes. As part of these discussions, the third party would potentially provide sufficient funding to Greenfield to enable up to five wells to be drilled on TSHII's land along with the requisite infrastructure, with an associated 'off-take' agreement serving to provide sufficient upfront funding to enable Greenfield to acquire the initial 10% of the Membership Interests in TSHII to be repaid from the sale of the oil produced.

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.

As previously announced, the deposit, now totalling US$500,000, can be credited against the US$2 million cost of acquiring 10% of the Membership Interests, should Greenfield elect to proceed with the potential acquisition of the initial 10%. Assuming successful completion of the acquisition of the initial 10%, Greenfield will then have an exclusive option, at its sole discretion, to acquire the remaining 90% of the Membership Interests for additional cash consideration up to 31 December 2022, as detailed in the 9 June 2021 announcement.

================================================================================

All to play for.

Would love to know whether the many TOMco traders will buy in next week.

There has to be an RNS within 6/7 trading days.

[ducky fuzz] 06/11/2021 14:12

I think there are conditions thr.

[thrgef] 06/11/2021 14:07

Well they've already given us their 50% in Greenfield for their potential 29% stake.

[ducky fuzz] 06/11/2021 13:50

If Valkor get 29.9% of TOMco it is instantly worth around $5 Mill for starters minimum. Logic says giving us $5 Mill is a no brainer for them.

[thrgef] 06/11/2021 13:46

0ur soon to be largest shareholder Valkor also has a substantial holding in petroteq. If petroteq get bought out at the multiples of their current sp, that will give valkor a substantial financial return to re-invest.

[ducky fuzz] 06/11/2021 12:07

I suppose the alternatives are ...

a) We get positive news on $5 Mill finance and our share price shoots to over 1p.
b) No cash yet and another non refundable deposit and extension to the end of December.
c) We get some news on another alternative fund source.

I'm expecting option (a).

I wonder if we will get short term punters buying in next week.

I wonder if Valkor might put in the money.

[lopodop] 06/11/2021 08:24

Why not consider employing the adjective monstrous in lieu of monster.

[ajj2003] 06/11/2021 07:45

Certainly the potential for the birth of a monster here ;)

[goulding1215] 06/11/2021 07:23

DF I am hoping for an exciting 12 months.

[ducky fuzz] 05/11/2021 20:57

I think we might have an exciting 7 days. DF

[vauch] 05/11/2021 14:36

How insanely quiet it has been today on this forum.

[the diddymen] 05/11/2021 10:59

Tom is a one man band that is struggling to raise the finance for a 10% deposit on an overpriced tenement. The chances of TOM raising the capital on its own is almost zero.

thrgef4 Nov '21 - 20:46 - 23784 of 23788
0 5 0
TOM will successfully raise the capital for its 5k barrel plant on its own merits and on the now proven success of the POSP. The oil (bitumen) will find a market(s) and will make good profit, with or without some solvent content and with or without some possibly lighter oil from deeper drills, (to be confirmed). Its low sulphur content will open up further markets and makes it inherently more marketable and valuable.

[vauch] 05/11/2021 08:57

Looking good not long now.

[talais] 05/11/2021 07:11

https://ptqmagazines.digitalrefining.com/view/99978336/49/