Tomco Energy Share Discussion Threads

[goulding1215] 11/11/2021 12:46

Well, promising. All buys today, even the one 1.1 million sell is a buy.

[vauch] 11/11/2021 12:45

Once we are in the real 1p I will also be super optimistic

[ducky fuzz] 11/11/2021 12:40

rmart .. there will always be people who know stuff.

I wonder if its damac and the Fish.

They are my favorite posters so I don't mind.

Funny how a higher share price makes me feel more optimistic.

[rmart] 11/11/2021 12:37

Leaky ?, buying has been amazing since 10am. very strange.

[ducky fuzz] 11/11/2021 11:59

Online 0.6418p sell and 0.6499p buy for 1 Mill.

0.63p and 0.66p

[ducky fuzz] 11/11/2021 11:58

For certain I wasn't expecting to see the share price go up today.

Perhaps it is traders banking on a positive short term outcome.

After all we will get news .. But we don't know what it will be.

[ducky fuzz] 11/11/2021 11:55

I suppose the problem with trading is if the share price takes-off and you have to buy back at a higher price.

TOMco has been brilliant for trading as I have proved [twice].

But as to the future if we do get a positive update then the sensible think might be to hold.

[vauch] 11/11/2021 11:32

I have not day traded for years, but it seems to be the way to bolster the pot for sure

[vauch] 11/11/2021 11:31

The top ups have come from profit from trading QBT
I have been in and out a lot of times with that one. made 4k on first trade and the profit each time has dropped last time my 8k made £150 but as its in my ISA i don't have to do the tax returns.

[ducky fuzz] 11/11/2021 11:21

Hi vauch I admire your bravery. 2-3 days in which to get a positive finance / TS2
purchase update.

When I re-bought my 1.5 Mill there were a lot more trading days and I guess that's why I paid 0.66p. Of course I should have waited.

[vauch] 11/11/2021 10:47

I like it creeping up under the radar

[vauch] 11/11/2021 10:41

Any how only today and tomorrow to get in.

[vauch] 11/11/2021 10:40

Well I don't i am just surmising, but if it had I dammed sure PQE would have milked it

[ducky fuzz] 11/11/2021 10:38

I think rmart's bang on .. but I might add Tuesday as well as Utah is 7 hours
time different to us. DF

[freedom97] 11/11/2021 10:38

How do you know it wasn't mentioned at COP.

[vauch] 11/11/2021 10:29

The 1.1 mill is my top up from QBT sale

[vauch] 11/11/2021 09:39

With such a green system i,m surprised it was not mentioned at COP

[rmart] 11/11/2021 09:39

Well here we are folks, tomorrow and Monday to get an rns out. What will it be?

1. Money in, Deal Signed, share price goes up.
2. Another delay, with explanation, share price goes down?

Good old Tommy taking shareholders to the wire once again.

Fingers Crossed.

[talais] 11/11/2021 09:28

https://oilprice.com/Energy/Energy-General/Breakthrough-Green-Tech-Could-Transform-The-Oil-Industry.html

[chadwick123] 11/11/2021 08:13

hxxps://oilprice.com/Energy/Energy-General/Breakthrough-Green-Tech-Could-Transform-The-Oil-Industry.html

[wilson2] 11/11/2021 08:05

Destroying a natural environment is disgusting, but some think it produces green energy

[vauch] 11/11/2021 07:58

It is also clear the offer is not high enough

[freedom97] 11/11/2021 07:45

"The hostile takeover offer on Petroteq is a clear signal that this little-known company is on to something big."

TomCo too could receive a takeover offer, hope the share price is a lot higher before that happens.

[ajj2003] 11/11/2021 07:36

Breakthrough Green Tech Could Transform The Oil Industry

By Charles Kennedy - Nov 10, 2021, 6:00 PM CST
Join Our Community

With both WTI and Brent crude hovering close to $85 per barrel, OPEC+ refusing to increase production and the American shale patch appeasing shareholders with extreme discipline, the world’s oil sands could start to become more attractive.

Except for two serious issues: They’re expensive to extract and far too dirty to consider as the pressure mounts to address climate change.

But one enterprising high-tech company has come up with a patented way to extract oil sands without leaving an environmental footprint for an average price of $25/barrel. They’ve already started doing it in Utah, and the success of the new technology has most recently led to a hostile takeover bid.

Petroteq Energy Inc (OTCMKTS: PQEFF), the company behind the new clean oil sands technology, has received an unsolicited takeover offer from Viston United Swiss AG for C$0.74 per share—a figure that represents a nearly 280% premium over share prices right before the takeover offer.

Since the $500-million takeover bid, Petroteq’s shares have experienced high volume trading, with share prices nearly doubling.

The hostile takeover bid is all about CORT, Petroteq’s proprietary “Clean Oil Recovery Technology” for turning locked oil sands into a viable source of high-quality crude oil while mitigating soil contamination.

How CORT Could Change Oil Sands Forever

Petroteq is first and foremost a remediation company, and CORT is groundbreaking technology.

Part of the attraction is CORT’s versatility. It can be applied to oil-wet deposits as easily as it can be applied to water-wet deposits. In both cases, it has proven to produce high-quality oil and clean sand. Presently, CORT is used for oil sands extraction, but it can also be used in remediation for other natural resources.

With climate change and clean energy the central focus points across industries right now, CORT is moving into the limelight rather quickly, as made clear by the hostile takeover bid.

Led by R.G. Bailey, a chemical engineer who served five years as President of Exxon in the Arabian Gulf region, CORT makes it possible to extract oil from oil sands without using water. That means no wastewater and no toxic trailing ponds, both of which have been severe environmental hurdles for oilsands. CORT operates as a closed-loop system, recovering over 95% of the solvents it uses in extraction and recycling them. The remaining 5% stays within the extracted oil.



Petroteq (OTCMKTS: PQEFF) is, first and foremost, an eco-friendly company with an underlying technology that fits today’s ESG investment climate.

Once the ore is washed of oil in with CORT technology, the sand has been remediated and it becomes environmentally clean soil. And the land itself is then viable for use rather than turned into a toxic trailing pond. The sand can remain or it can be moved and sold to generate additional revenue.

And CORT is not a speculative technology; it’s already proven and already up and running.

The COVID-19 pandemic did not keep Petroteq from advancing, despite difficulties through 2020 for the entire oil and gas industry.

During that time, Petroteq completed the construction of a 500/bpd oil extraction plant at Asphalt Ridge in Utah, a U.S. state with resources estimates of up to 32 billion barrels of oil-in-place comprised largely of “oil-wet”; oil sands deposits.

This demonstration plant has 2500 acres under lease and an 87M bbl near-surface oil resource. By 2023, Petroteq plans to be producing 5,000 bpd, ramping up to 10,000 bpd in 2024.

The company has already received a FEED (Front End Engineering Design) study for a 5,000 bpd oil extraction plant, along with a third-party technical evaluation.

This isn’t just a unique growth opportunity straddling two sectors—E&P and technology—it’s also a highly attractive one in terms of numbers:

The facility’s CAPEX is estimated at $19,000-$2,000 per daily bbl, with production costs averaging $250$30 per barrel, depending on the scale of production. Netback margins come in between $23 and $28 per barrel.


Those netback margins, however, were compiled based on $70 WTI, rather than today’s much more attractive ~$84 WTI.

Beyond Extraction: Remediation Runs Deep

The narrative here isn’t just about clean oil sands extraction. Petroteq’s technology can be applied to other natural resources as well.

And this isn’t just about a plant in Utah, either. The patenting and licensing potential is what the hostile takeover is all about.

A U.S. patent and corresponding foreign patents in both Russia and Canada have been issued covering the key features of this system and process for extracting oil cleanly from oil sands.

Petroteq (OTCMKTS: PQEFF) has also sold its first commercial license for $2 million-plus a 5% continuing royalty to Greenfield Energy LLC.

There is a very attractive market opportunity here, especially with WTI trading near $85 per barrel.

Oil sands deposits around the world could benefit from Petroteq’s technology, and it is this opportunity that has led to the unsolicited takeover bid. The $2-million licensing deal with Greenfield Energy LLC is likely only just the beginning: Other groups with oilsands resources could seek to license the technology or engage in a JV deal to gain access to CORT.

The Calm Before the Takeover

The hostile takeover offer on Petroteq is a clear signal that this little-known company is on to something big.

Its patented technology, CORT, could unlock yet another American oil bonanza, but its applications are much further-reachingR12;and global.

And it’s all happening at a time of soaring oil prices and skyrocketing investor interest in clean solutions for the fossil fuels industry.

It’s not about Utah’s oil sands, though the attraction there is clear and the planned ramp-up of production should entice investors. This is a much bigger story about global licensing of a breakthrough technology that could transform oilsands from the dirtiest and most expensive form of crude oil … into a fossil fuel that suddenly becomes a much cleaner story in line with today’s climate change narrative.

Trillions of dollars in oil sands could benefit around the world, from Canada’s 100 billion boe to China, Venezuela, and even the American West.

Investors have until February to make their move on Petroteq (OTCMKTS: PQEFF) before the hostile takeover is concluded.

Other oil companies to watch as the sector continues to heat up:

………;…

hxxps://oilprice.com/Energy/Energy-General/Breakthrough-Green-Tech-Could-Transform-The-Oil-Industry.html

[hotfinance14] 11/11/2021 07:33

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