Tomco Energy Share Discussion Threads

[goulding1215] 13/11/2021 09:47

Well these guys are dreamers:-

hxxps://oilprice.com/Energy/Crude-Oil/Options-Traders-Are-Betting-On-300-Oil.html

[the diddymen] 13/11/2021 09:33

Discounting the highly unlikely option that JP has pulled off a miracle then it will be a case of fingers on the buzzers Monday morning to sell.

The most likely option will be another fudge, probably with the landlord. That buys more time, but the bottom line is that time for TOM is finite.

The other option is that the RNS announces a deeply discounted share placing in the 0.25p range including warrants.

Year end was 30 Sept and TOM needs to be thinking about the carrying value of its leases (- were the 31/10/21 leases extended?) which would slaughter the BS value, and needless to say there will be the small matter of the going concern statement.

Just a reminder of what they said last year re the BS turboshale:

"When the Company issued its 2019 Annual Report, the COVID-19 pandemic was developing, and the Board decided to postpone the next stage of the TurboShale field testing. A decision on when to restart the field test programme is likely to be made in Q2 2021."

and then at the interims:

"We have continued to postpone operations in respect of TurboShale's RF Technology, pending a return to normality after the COVID-19 pandemic abates."

COVID has not prevented the drilling which was going to save the company six weeks ago, and the consistency of the argument is going to be difficult to sustain.

[goulding1215] 13/11/2021 09:21

You need to put your last post on the goons board, Vauch.

I will refrain from making comment upon TOM’s BoD regarding zero communications to shareholders.

[shaunx] 13/11/2021 09:18

D-Day Monday for T traders and you shorters, the rest of us can wait.

[wilson2] 12/11/2021 19:35

10.000 barrels per day.

[the diddymen] 12/11/2021 17:07

D Day Monday.

Rule of Thumb - delay the bad news.

As the rampers on the other thread (they know who they are) say 'would not want to be in this share over the weekend'

[danmart2] 12/11/2021 16:48

Be careful with Tomco and false dawns.

I hope this company can finally be a success but disappointment is part of its recent history.

[lopodop] 12/11/2021 15:49

VAUCH
'No certainty' was a good clue! Realistically can you accept it was too good to be true but like most AIM companies TOM raised hopes and excitement.
Little money left unless there is a secret benefactor whO certainly will not be a director. What can TOM do?

[vauch] 12/11/2021 15:32

However, there can be no certainty that Greenfield can secure the requisite funding.

[vauch] 12/11/2021 15:31

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.

Greenfield is exploring various other funding options to potentially achieve the acquisition of 100% of the Membership Interests, whilst continuing other preparatory work. However, there can be no certainty that Greenfield can secure the requisite funding.

[vauch] 12/11/2021 15:30

Would you expect TOM to be sorted, this is TOMCO after all.

[hotfinance14] 12/11/2021 14:52

Todays drop in the share price does not bode well for the deadline announcement.

[fenners66] 12/11/2021 14:10

"rmart
1 Oct '21 - 07:19 - 22996 of 23908

There is not a lot to discuss at present as we are in a maximum of a 6 week extension. However, it may not take 6 weeks, I think it is down to legal getting paperwork done and signed, I personally think they have gone max with 6 weeks."


"gone max with 6 weeks"


Just as well eh?

Whereas this thread , believed nothing would happen within the 6 weeks ....

Rampers (other thread) vs. Realists... (this thread)


We said it all along and we were not wrong.

[vauch] 12/11/2021 09:30

1.7 mill buyer from yesterday did not stay long

[fenners66] 12/11/2021 09:19

"goulding1215
12 Nov '21 - 07:59 - 23905 of 23907

Why are people worrying about small share price changes. COP69 is pushing to cut fossil fuel emissions. That is what CORT is all about. Whilst fracking and other dirty fossil fuels HAVE TO GO, TAR SANDS and CORT WILL BE TAKING OVER. CLEAN FUEL IS WHAT THE WORLD NEEDS."


I cannot make my mind up , whether goulding1215 is just trolling the other thread to see how stupid they are ,
or whether he is really that stupid....

Having correctly stated fossil fuels have to go ... he then thinks that the way you get fossil fuels out of the ground makes them not fossil fuels !! ?

So if you use a bucket line excavator running thousands of gallons of diesel an hour , coal is a nasty fossil fuel .... but if you dig it by hand it isn't ? !!

Such a moronic comment.
Fossil fuels are fossil fuels. Claiming they can be extracted using solvent and no water makes them......... fossil fuels !

WTI is rising partly because US shale oil is NOT stepping up production to meet demand.
There is no longer such an appetite to finance it . Because once bitten twice shy and because the environmental lobby.

[goulding1215] 12/11/2021 09:05

V i didn’t say it was the first.

[solo4yous] 12/11/2021 08:23

TOM steady ship as we go!

Meanwhile people are accumulating

81% been held at June reporting data/date... remarkably more popular than the share price is saying:

[lopodop] 12/11/2021 08:19

WILSON2
Goulding 1125 will need a good few more-he doesn't see that investors are very worried about their potential losses and are having to decide if enough is enough.
TOM is a very small IOM registered company with little or no Valuable assets or technical expertise.

[vauch] 12/11/2021 08:11

Gold its the third small deadline. not the first

[wilson2] 12/11/2021 08:06

Goulding has had his first joint this morning.

[goulding1215] 12/11/2021 07:59

Why are people worrying about small share price changes. COP69 is pushing to cut fossil fuel emissions. That is what CORT is all about. Whilst fracking and other dirty fossil fuels HAVE TO GO, TAR SANDS and CORT WILL BE TAKING OVER. CLEAN FUEL IS WHAT THE WORLD NEEDS.

Well it is in Utah, the major oil companies will soon see the benefit of Tar Sands. One small deadline is irrelevant. The Tar Sands aren’t going away. They have been there for hundreds of Centuries.

Wake up and smell the coffee.

[ajj2003] 12/11/2021 07:57

We do not know at present just speculation. Given the location obviously more chance of it being a US company that wants in and has the clout to make things happen quickly.

[wilson2] 12/11/2021 07:56

There wouldn't be any news this morning because the director is having a sleepover today

[vauch] 12/11/2021 07:55

Why do we not know who the third party is?

[ajj2003] 12/11/2021 07:53

Morning Vauch, would require the third party to be US listed company and the agreement with Tomco could stipulate that their news issued first to US market or simultaneous with Tomco on US/UK markets.