Tomco Energy Share Discussion Threads

[rmart] 18/11/2021 19:36

I would love to meet up with you too, not for the same reason though😃

[rmart] 18/11/2021 19:35

Lol WILSON, you took over from fenners as the post after post merchant.

[rmart] 18/11/2021 19:32

Good post Ducky, it’s all looking great finally for Tomco

[wilson2] 18/11/2021 19:28

I would love to meet up with you one day to find out your inside information from the liars you know

[wilson2] 18/11/2021 19:23

Edit, SL you haven't got a clue, desperate individual

[wilson2] 18/11/2021 19:21

You haven't got a clue

[wilson2] 18/11/2021 19:20

I'll look out for the postman

[wilson2] 18/11/2021 19:18

Rmart reported

[wilson2] 18/11/2021 19:07

I'm reporting rmart let's see how that goes

[wilson2] 18/11/2021 19:05

Am I removed

[ducky fuzz] 18/11/2021 18:39

Highlights below.

Tar Sands 2 already has a large mining permit and infrastructure. Saves significant time.Working on reserves reports.

Tomco has established with Valkor that there are significant oil reserves at deeper depths.

Having bought the lease we can start the permitting process. Tomco is going to drill 3 exploration wells starting on 1st December 2021.

Will be able to test where the oil is, how much there is and then can test its quality. This should only take about a week or so.

Then Tomco will submit the permitting process for the production wells, which should take a month or two.

Will be drilling the production wells in March 2022.

In the process of talking to funders for money to build the first 5,000 barrels a day separation plant.

Currently doing all the engineering plans for the plant which will be finished in the next week or so.

Looking at a full debt facility for the plant.

Expecting to get that into term sheets at the beginning of 2022.

Using quasi equity as a debt facility for the construction period.

Long term ambitions are .. Starting with 5 in situ wells and there is space to drill 25 wells on the site.

These 25 wells will produce on average 100 barrels each, [so 2,500 barrels a day].

It takes about 1 week to drill 1 well. Subject to funding we will get those wells drilled next year.

Assuming we get the funding close for the separation plant we will start the construction of that early next year [2022].

Completion Q2 (2023).Enough reserves to put a further 5,000 barrels a day train on site. [making 10,000 barrels a day].

Then working with Valkor have just done a survey of the whole Asphalt Ridge area. We are going to identify further sites.

Going to find sites where a number of these sites can be located. Going to move ahead on permitting at the end of next year on those.

[damac] 18/11/2021 17:11

'habitual liar', oh the irony.

[talais] 18/11/2021 16:51

From LSETrades today... Traders!!!This process of shifting from one expiry month to another is called rolling over. It involves closing your long position in the near-month contract and simultaneously opening a long position in the next-month contract.

[stuart little] 18/11/2021 16:49

Wilson, i suggest you start gathering evidence to back up your statement that "John Potter is an habitual liar".I believe you may be getting an important letter in the post...

[vauch] 18/11/2021 16:48

Duck have you seen the 3 x 7 mill trades now showing

[rmart] 18/11/2021 16:41

ducky i bought more today, I had a good run on MODE, had some tucked away, so approx 600k more Tommys for me today.

I will be here, I am long term, sometimes I sell a few if i see a chance elsewhere but I keep most and if I profit elsewhere it always comes here.

[talais] 18/11/2021 16:38

Nice to see an Rns Tomorrow

[goulding1215] 18/11/2021 16:38

Yes, good and accurate posts rmart. If they are going to start oil production in March 22, then, perhaps I should sell!We need some National, press about a smalluk oil compan, competing with American oil companies in the USA with low-emission oil.

[ducky fuzz] 18/11/2021 16:35

Hi V .. There has been a lot of selling today. Have you missed the trades?

[ducky fuzz] 18/11/2021 16:34

Yes I agree. My glass is well over half full after todays news.

rmart .. will you still be holding TOMco by mid next year. Are you at last going to commit to this relationship or will you be two timing us with CRCL lol ?

[vauch] 18/11/2021 16:32

That is a lot of buys again, have the MM's an endless supply of shares or are they forward selling the warrants ?

[rmart] 18/11/2021 16:29

yes, but I feel a new focus on promoting the company is now starting. They could say very little until the deal was done. Tweets have started, interviews, lots of news to come too. Dont forget JP promised he would reveal the costings of production and oil and sand revenue from the feed report.

It is all starting to come together now. If we are not 3p by mid next yr I give up !

Those numbers are incredible. for 3p market cap would sill only be £50m. It should be way north of that.