Tomco Energy Share Discussion Threads

[rmart] 19/11/2021 17:10

It would seem lopodop has given up the fight or seen the light?

Hope he is ok and not fallen into depression.

Not even a whimper from Fenners today either. Oh well it was a blast. see ya folks !

[rmart] 19/11/2021 17:05

jaynealex,

Agreed, massive income for the company. If they just get these drills done it will finally show the market we are a new animal. A producing and profitable oil production company.

Get the funding then for the big plant and I cannot see the share price under 5p at that point.

Get the wells in production and the first 5000 bopd plant producing and the Market cap will be ??? its crazy to try and put a number on that.

[jaynealex] 19/11/2021 17:03

Right now I can't believe the £10 m market cap or the lack of upward movement

Sometime soon the anchor of history around this share is going to be cut and value will be out

[jaynealex] 19/11/2021 16:59

As I posted earlier Rmart ..fag packet estimates

Well 25 deep wells producing 100 brls /day , 2500 in total a day .. say 300 days a year = 750,000 brls a year


That's alot of cash flow , and profit with a high oil price , even with loan repayments ref the 25 wells

Potential lenders for the 5000 brl plants will be encouraged


Using your 46 profit per brl that's 34.5 m dollars a year ( 750,000*46 )

Your 115 k a day X the number of days a year we produce ..big numbers !

[rmart] 19/11/2021 16:59

in the interview JP stated they are using the recently acquired full aerial survey of Asphalt Ridge to identify where they can build multiple more plants. They will be securing those sites early next yr!

I am not even going to attempt doing the numbers on 4,5,6 7, 5000bopd plants.

We just need to get the first one done and that will then make funding the next ones very very simple. All this for £10m market cap!

[rmart] 19/11/2021 16:04

lovin the thumbs down! want to reaveal yourself?

[rmart] 19/11/2021 16:00

Just a reminder of what we are here for.

Oil price currently $76. From what we have sumised so far the production cost is around $30 per barrel.

So $46 profit.

Then we have the clean fracing sand. Again from the limited info I am assuming this will bring in another $30 (min) per barrel and so covering the production costs.

Profit per day on $76 at 5000 barrels is $380,000 per day less royalties.
This is on the oil sands (Petroteq) model.

On the deeper drills we dont have production costs yet, but lets assume it is also around $30 per barrel.

So $46 profit per barrel x 500 bodpd on the first 5 wells = $23,000 per day.
Once the 25 wells are in production that will be $115,000 per day.

1st production from the deeper wells (500 Barrels) around March building up as the wells come online to 2,500bopd by yr end 2022.

Profit around $3,450,000 per month from deeper wells. From the Petroteq plant $11m+ per month.

It WILL happen, The Market Cap here is just silly now and it will get moving soon when we get the reserves report, the production numbers from the pre feed study and the rns stating drilling has started.

7 trading days to go after today.

[hotfinance14] 19/11/2021 15:48

I recall Quadrise and Tomco would be looking for a customer and expected to announce this in Q421.

[talais] 19/11/2021 11:29

Hopefully a good finish to the week,

[rmart] 19/11/2021 11:25

those sells just bought up easily. Another few buys and we could be blue. I am looking for this reserves report next week. Hopefully early on.

[talais] 19/11/2021 10:51

In au now, is the mad trading over, about time we move well in to the 70s

[talais] 19/11/2021 10:48

Our time is a lot nearer than some people think, gla

[rmart] 19/11/2021 10:44

Wishbone Gold announced they are preparing to drill for gold. Might find it, might not.

SP up 31%.

Again, no exporation required here at Tomco. All the oil is guaranteed in the oil sands.

IMO once the reserves report is out and confirms how many millions of barrels are on just this one lease we will surge.

[damac] 19/11/2021 10:43

I'm sure that will all change very soon rmart.

[rmart] 19/11/2021 10:40

Quadrise Market Cap £41m. They have never sold a single drop of their flagship MSAR product. After years of trying. Not a single buyer.

Tomco. About to produce 2,500 bopd, then to 7,500 bopd than to 12,500 bopd.

No exploration for the 2x big plants, they know the oil is there, guaranteed.

Market Cap £10m. Go figure !

[vauch] 19/11/2021 10:13

Seems to have gone quiet on the PQE front

[talais] 19/11/2021 09:46

You would hope, I am expecting an Rns next week outlining the the drilling of the 3 wells in December and funding,Lots of news no due

[shaunx] 19/11/2021 09:39

Temporarily, but not at 0.4 with a placing as you suggested over the last month.

[ducky fuzz] 19/11/2021 08:42

Hi Tal .. Once TOMco announce how they will fund this then our share price should rocket.

[talais] 19/11/2021 08:40

Funding of Wells.This must be very close to being signed off, we start drilling in 11 days.Greenfield is engaged in ongoing discussions regarding funding options to potentially achieve the ultimate acquisition of 100% of the Membership Interests, together with the drilling of a number of production oil wells and the planned first 5,000 barrels of oil per day production plant, whilst progressing other preparatory work. However, there can be no certainty that Greenfield can secure the requisite funding or the permitting required.

[wilson2] 19/11/2021 08:08

All those buys and it's in the red ducky

[ducky fuzz] 19/11/2021 08:03

The 1 Mill sell trade at 0.694p is a buy.

0.6725p sell and 0.694p buy.

[the diddymen] 19/11/2021 08:02

Some pretty injudicious posts on this thread yesterday!

[vauch] 19/11/2021 07:54

What is the current cost per barrel of extraction using the vertical method ?