Tomco Energy Share Discussion Threads

[wilson2] 18/11/2021 16:26

Oil in hills, hahaha

[ducky fuzz] 18/11/2021 16:24

rmart .. But hardly anybody knows.

We are obviously being traded today by thems what ain't heard John P's podcast.

[rmart] 18/11/2021 16:22

Damac,

Looking forward to the reserves report. In the interview today JP said they have identified another area with significant oil. Will we get 50m barrels, 100m barrels or more?

It is hard to take in that within a matter of weeks we will be producing oil from the new wells and upping the wells to 25 within 6 months.

2500 barrels per day x $50 profit = $125k per day or $3.75m per month.

When the first 5,000 bopd plant is up and running that would be 5,000 x $65 profit (inc sand) = $325k per day or $9.75m per month.

So $13.5m per month in profit and they have the room for another 5,000 bopd plant. So lets make that $23m per month + PROFIT.


and at present a $10m market cap.
How Bizzare.

[damac] 18/11/2021 16:02

CEO John Potter joins
@DirectorsTalk
to discuss the acquisition of an initial 10% of Tar Sands II in Utah.
John explains explain what the 10% acquisition and lease delivers for TomCo.

[talais] 18/11/2021 15:50

Gone bizarre this afternoon

[ducky fuzz] 18/11/2021 15:49

0.675p sell and 0.69p buy for 1 Mill.

Price 0.69p and 0.70p

So any 0.69p sells are buys.

[stuart little] 18/11/2021 15:48

It looks like the 7m was a buy but as always with advfn trying to work out buys against sells is nigh on impossible. Too much smoke and mirrors! It is mainly irrelevant though with the news we've seen drop today.

[talais] 18/11/2021 15:38

Look at all these late trades 21mil just gone in,????

[wilson2] 18/11/2021 15:37

Whoa , look at those sells

[vauch] 18/11/2021 15:18

fenners6618 Nov '21 - 15:08 - 13489 of 13493
0 0 0
We are back to how did TSHII go bust ?

They were sat on oil that could be pumped at 2500bpd day for 5 years and did nothing .... its sooooooo easy ....

Must be some stupid people in this oil industry business....

""""""" Not as stupid as a lot of you posters on this thread. """"""""""

[rmart] 18/11/2021 15:10

what has that to do with tomco?

Lots of oilers go bust for lots of reasons. Why is it important?

You are a total clown, busted and you know it. What next?

[stuart little] 18/11/2021 15:10

TSH2 might not have had a john potter! Haha!! Not our problem.

[stuart little] 18/11/2021 15:08

Diddy,This one man team has done remarkably well wouldn't you say? Drill ready in 2 weeks, permits ready to submit, advanced talks with lenders...some guy Mr P eh? Credit where it's due....he's pulled it off.

[fenners66] 18/11/2021 15:08

We are back to how did TSHII go bust ?

They were sat on oil that could be pumped at 2500bpd day for 5 years and did nothing .... its sooooooo easy ....

Must be some stupid people in this oil industry business....

[rmart] 18/11/2021 15:08

other than that do you understand it?

[rmart] 18/11/2021 15:07

sorry edited my post as you can see, just tag on an extra month. No worries.

[fenners66] 18/11/2021 15:06

Forgot the 15% fees - again

[wilson2] 18/11/2021 15:06

If 2% is added it will be almost impossible to repay , the extra money needed will the equivalent of an Amigo loan

[vauch] 18/11/2021 15:01

Thanks Rmart for adding to the header a list.

[rmart] 18/11/2021 14:50

it is so simple it is unbeleivable that we have to try and educate this clown, but here goes.

In any event, a minimum of US$1.5 million must be repaid on or before 30 May 2022. To the extent that any part of the principal amount has not been paid by the scheduled maturity date (which may be extended by mutual agreement of the parties) then interest of 2% per month shall be applied to such unpaid amount from time to time until it has been repaid in full.

1. $1.5m by 30th May. (which may be extended by mutual agreement of the parties) but lets say it is not extended.

2 month procuction from just 3 wells = 300 bopd, say $50 per barrel profit = $450,000 per month.

Say they pay $300,000 per month back and keep the rest for working cap.

So they paid back $600k. Leaving $900k owing. At this point more of the 25 wells would be drilled, but lets ignore that too and keep on with just the 3 wells.

Interest at 2% in

Month 1 $900k is $18,000.
Month 2 $600k outstanding, interest $12k
Month 3 $300k outstanding , Interest $6k

So for the next 3 more months. They pay a bit extra, total cost $36k

Job done. Thank you.

Oh and before you mention the 15% fee, just tag on 1 more month ok?

Next?

[stuart little] 18/11/2021 14:44

So £500k profit a month steadily being ramped up by a multiple of 5 plus warrant money...fenners run your calculator over that for me please and let me know if £1.8m is an issue? Thanks in advance.

[ducky fuzz] 18/11/2021 14:44

Hi Talais .. There have been a few big sells. No doubt folks who haven't listened
to the John Potter Director's broadcast.

[stuart little] 18/11/2021 14:42

Could have £5m worth a warrant money drop in the bank by then...

[stuart little] 18/11/2021 14:41

Rmart, even we don't get to the full amount by end of May we can afford the 2% from time to time. Especially with our closest allies as lender. This thread really is fighting a losing battle...

[rmart] 18/11/2021 14:37

It will be repaid no problem at all.

You are a lost cause fenners.