Tomco Energy Share Discussion Threads

[the diddymen] 01/12/2021 07:23

Mixi you would be incapable of writing it, it is self-evident.

[wilson2] 30/11/2021 21:49

No lucking good boss

[fenners66] 30/11/2021 16:15

I see even the dreamers thread now says that greenfields operations were delayed last year by "bad weather" and they still refuse to accept any possibility of it happening again - even though it's forecast

[talais] 30/11/2021 16:03

https://www.edisongroup.com/wp-content/uploads/2021/11/Quadrise-Fuels-International-Cleaner-fuel-cleaner-planet-1.pdf

[talais] 30/11/2021 16:03

riginally, Greenfield had hoped to reactivate production at the Petroteq site in November 2020 so it could send oil samples to Quadrise for checking on the appropriate MSAR formulation by the end of CY20. Reactivation of the extraction process was delayed by coronavirus-related restrictions and bad weather, so Quadrise did not receive crude oil samples from the Tar Sands II site until August 2021. The subsequent tests confirmed that the sample could be converted to both standard MSAR and the bioMSAR variant for potential use in power and marine end-user applications domestically and internationally. TomCo is currently reviewing the report on the test programme and expects that Greenfield and Quadrise will enter into discussions regarding potential future trials and deployment of Quadrise's technology to produce MSAR and/or bioMSAR fuel at a commercial scale. Greenfield has purchased an initial 10% stake in the Tar Sands II site and, subject to securing the required permits, intends to drill up to five wells on it. These wells could potentially start production mid- CY22. Greenfield could potentially convert crude oil extracted from the wells to MSAR and/or bioMSAR for sale as low sulphur fuel to the power and marine markets. Subject to financing, Greenfield intends to deploy an oil sands extraction plant at the Tar Sands site and potentially produce bioMSAR/MSAR from the output. TomCo estimates that it would take just over a year to construct an extraction plant which would cost around US$185m to build. Quadrise is also engaged in discussions regarding MSAR and bioMSAR production at other upstream facilities in Utah and elsewhere in the United States

[talais] 30/11/2021 16:02

Upstream potential with Greenfield EnergyGreenfield Energy is a wholly owned subsidiary of TomCo Energy, an oil development group using innovative technology to exploit oil sands in Utah. Greenfield temporarily took over the management and operations of Petroteq Energy's oil sands plant in Utah between June 2020 and June 2021 to assess whether Petroteq's patented solvent extraction technology was an economic option for extracting crude oil from oil sands at scale. The programme showed that the technology was viable, so Greenfield intends to purchase a different oil sands site in Utah, the Tar Sands II site, which has higher levels of oil saturation than the Petroteq site, and to place a commercial-scale (up to 10,000 barrels of oil per day) oil extraction facility there. In August 2020, Greenfield signed a commercial trial agreement with Quadrise with the intention of converting crude oil into a diesel replacement for medium speed engines, boilers and other heavy machinery or bunker fuel. Since the bituminous sands in Utah have a relatively low sulphur content, the crude oil from the Tar Sands II site could be converted via the MSAR process into a bunker fuel that is compliant with the latest regulations from the IMO.

[ducky fuzz] 30/11/2021 15:53

3 Mill buy at 0.66p

Gone up to 0.6378p sell and 0.655p buy for 1 Mill

[ducky fuzz] 30/11/2021 15:20

0.6311p sell and 0.65p buy for 1 Mill.

Price 0.65p and 0.66p

So 0.65p sells are buys.

[vauch] 30/11/2021 14:46

Why, people should except their own mistakes, and not blame others for their own lack of due diligence.

[paulfromyahoo] 30/11/2021 14:35

A 2021 independent Engineering analysis by a respected and recognized expert firm in the industry trumps an 8-year-old abstract University study.

People should really be held accountable for the misrepresentation of information posted here at times.

[fenners66] 30/11/2021 13:53

Just to ruin my reputation for misreading accounts some more , I wrote some not complimentary posts about Marstons after their results today.

Their share price was up when I started - share price movement at any given point in time always is a reflection of the supply and demand at that time - its Down 6.5% now

Ok could be coincidence I get that , or maybe others are catching up with Marston's results not as good as the headlines....

[fenners66] 30/11/2021 13:34

I think Valkor are not a charity....

Lets assume rmart has it correct ; it really is not certain though; that Valkor have the use of or ownership of the POSP


That started with partnering with Petroteq and doing nothing for 18months... just leaving Petroteq dangling and bleeding cash....

Then along comes TOM with access to tapping shareholders and forms Greenfield JV

TOM spends $1.5m and pays Valkor to sort the plant....
Plant goes back to Petroteq seemingly never actually achieved 250bpd for a day... certainly not 500bpd..

Valkor then give away their commitment to Greenfield to TOM , means any more dealings are at arms length and they can turn a profit on them instead of being committed as a 50/50 partner.

There is only a chance they will ever receive any consideration for their part in the JV.

Now rmart thinks they have acquired the POSP for no cash consideration....

But they are going to divert ALL their attention to drilling oil for TOM ?

They were going to do stuff for Petroteq as well , but did not bother until TOM turned up with the cash....

What could possibly go wrong ?
Clearly Valkor are altruists...

[wilson2] 30/11/2021 13:29

They are the temperatures of that area in December vauch -1 -12

[fenners66] 30/11/2021 13:24

Still a dearth of detail 8 years later....
Still Petroteq no nearer
Now Greenfield has reverted to getting someone in to drill old school for oil.... otherwise they have no current , or near future business....

All just coincidence of course...

[vauch] 30/11/2021 13:24

It seems very positive from you to be posting time lines.

[vauch] 30/11/2021 13:24

WILSON229 Nov '21 - 11:56 - 13676 of 13685
0 1 0
-1 to -12 December, no way they’ll be drilling

I had not read that in an RNS wilson

[fenners66] 30/11/2021 13:21

I read an article in the Salt Lake Tribune today dated June 2018
About Petroteq building bolt on CORT plants.... and going live with a 1000bpd plant any moment ....
Still waiting of course , but this was interesting:-

"Employing 17, the initial processing plant would operate 350 days a year, with three annual shutdowns to make seasonal adjustments. The company says the cost of production would be as low as $22 a barrel, or about a third the current price listed on the West Texas Intermediate.

However, a 2013 analysis by the University of Utah came up with a much higher estimate for production costs associated with Uinta Basin tar sands.

“The supply cost without any investor profit was $75.50,” said chemical engineering research professor Jennifer Spinti of the U.’s Institute for Clean and Secure Energy. Her analysis factored several costs, such upgrading, permitting and equipment maintenance, that were not considered in Petroteq’s investor materials.

“There is a dearth of detail on what is and is not included in the analysis,” she said.

For Petroteq, the real money might come from licensing Podlipskiy’s patented technology around the world. "

[fenners66] 30/11/2021 13:19

Swimming with sharks ... what could go wrong ?

[rmart] 30/11/2021 10:23

soz, done now, all ok?

[damac] 30/11/2021 10:07

Rmart,

you have to change the text above the image to say .... The locations outlined in black.

You also have to drop the reference to ML 51689.