Tomco Energy Share Discussion Threads

[wilson2] 06/12/2021 08:00

D+3 no drilling

[lopodop] 06/12/2021 07:55

TD
The Board should market a CHRISTMAS quiz game called TOMQUIZ where the KEY players are JP, THE NON EXECS AND VALKOR. Rmart, SL etc would also participate but as guessers!
And so the story goes on - there must be an urgent cash requirement but the present share price does not support a placing except at rediculous numbers. SB may be content to play for time and no doubt has many cards up his sleeve. Is he friend or foe? Both?
Note JP's use of word intend! However Damac has no doubt worked it all out and probably knows more about this anyone in the company.

[danmart2] 06/12/2021 07:41

Rugrst2

Good post, thank you

[the diddymen] 06/12/2021 07:31

Another deadline goes. D+1

They will need the cash to pay the userer. Any unpleasant clauses in the loan agreement?

Lopo - the placing will be when they can get some good news out to lift the share price. The alleged good news is the drill. The drill seems to be controlled by Valkor (still uncertain?). TOM owe Valkor cash, but TOM might also be sitting on something Valkor want. Could it be in Valkor's interest to delay?

Not surprising that the market is uncertain. The mix of uncertain technology, no cash, one man band, and crossed fingers that Valkor are friends, could just be influencing price.

[goulding1215] 06/12/2021 06:36

Let’s hope the oil majors are reading this:-

IRINA SLAV

Oil Prices Projected To Hit $125 In 2022

By Irina Slav - Nov 30, 2021, 9:06 AM CST
In a new report from JP Morgan, analysts are predicting $125 oil next year and $150 oil in 2023
This bullish forecast is driven by the belief that OPEC has a limited capacity to increase oil production
According to CNN, such a rise in the price of crude could send gasoline to $5
Join Our Community

Crude oil could soar to $125 per barrel next year and $150 in 2023 due to OPEC's limited capacity to boost production, JP Morgan analysts said in a new report.

"OPEC+ is not immune to the impacts of underinvestment̷0;. We estimate 'true' OPEC spare capacity in 2022 will be about 2 million barrels per day (43%) below consensus estimates of 4.8 million," the team, led by Christyan Malek, wrote, as quoted by TheStreet.

"While we believe a three-month pause to 400,000 barrel-per-day monthly increments is needed during the first half of 2022 to balance the market (and potentially a cut pending impact of new COVID variants), the group will struggle to deliver monthly growth of more than 250,000 barrels per day once reinstated," the analysts also said

[ducky fuzz] 05/12/2021 22:54

Wonder if we will get news this coming week?

[ducky fuzz] 05/12/2021 15:04

Interesting post Ratty .. Thanks.

[rugrat2] 05/12/2021 13:13

I have come across an 8 year old resource report produced for Tar Sands Holdings 11 which would have saved me a lot of time if I had come across it before my post 24492. Produced by NorWest Corp, it shows detailed modelling of the geology under both tracts A and D, with positions of test boreholes and cross sections through the areas. It also maps the site of the Laramie Energy Technology Center’s work between 1971 and 1982 that I referred to, and was indeed on tract D. The major fault that I mentioned before, separating the Asphalt Ridge NW from the Asphalt Ridge is shown mapped over tract D and reduces the useful lease area from 320 acres to 217 acres.

The report is openly available at:

hxxps://img1.wsimg.com/blobby/go/d465a4f1-05ba-438d-a129-082d6db0c6d1/NW-Resource-Report-Final-Report-Aug-27-2013-1.pdf

It raises an important question about the estimated total oil in place in the Proactive report compared with what is in the NorWest report – 90 mmb v 50 mmb. I think that this is probably down to more than one point.

Firstly the parameters listed on page 4-3 of the Norwest report - they were working on the basis of open cast mining of the tar sands which places economic limitations on the depth, thicknesses of oil sands and the interbedded waste (non-oil bearing sands). In situ enhanced oil recovery by steam will recover a high proportion of the oil regardless of how thick or irregular the bedding is.

The Norwest report also places the vast majority of the resource in the Rim Rock sands, and I think that there is probably an understandable over simplification of the split between the Duquesne and Rim Rock in the Proactive report because both have surface outcrops which can be dug out.

Lastly there is a lack of clarity in the Proactive report on the steam recovery project. It lists 50 mmb of oil in the Rim Rock, but then in the narrative talks about “a total of 15 wells including five within TomCo's property”. So is that 50 mmb split between tract D and the adjacent Petroteq/Valkor lease or is it tract D alone – NorWest attribute 23.4 to 26.7 depending upon how it is calculated and with the afore mentioned limiting paramaters on page 4-3.

Regarding the three bores being drilled for cores, I wonder if they will actually be on tract D? There are already 16 Sohio bore results on the oil bearing part of tract D, so are the new bores going on the surrounding lease ? It would make sense for Valkor as there is much less data in their area surrounding tract D, and after all they are paying for them. At the same it would still add value to the planning of wells on tract D by having peripheral well control.

There has been some good satellite imagery lately and as yet I can detect no activity in either tract D or the surrounding lease area, but I will keep looking.

[lopodop] 03/12/2021 17:29

VAUCH
Some of you eat the crumbs JP drops in front of you without
Hesitation. He is a fortunate guy indeed.
Smart investors are not impressed.

[lopodop] 03/12/2021 17:29

VAUCH
Some of you eat the crumbs JP drops in front of you without
Hesitation. He is a fortunate guy indeed.

[mashman] 03/12/2021 16:14

Chart is still in an up trend

[danmart2] 03/12/2021 14:54

I don’t envisage any further updates in 2021; next update based on the company’s own time line will be Mid Jan.

[vauch] 03/12/2021 14:53

I thought they used smoke signals this year

[lopodop] 03/12/2021 14:21

Well if the Board really believes this is a serious goer, the very least it can do is to put its money into TOM right NOW. This will be the best PR.

[goulding1215] 03/12/2021 13:57

TOM’s PR machine still using semaphore. Morse next year.

[lopodop] 03/12/2021 13:26

If the drilling is expectingly held back, will the Board step in and lift the share price above 1p - a good test for them and also for the market.

[lopodop] 03/12/2021 13:26

If the drilling is expectingly held back, will the Board step in and lift the share price above 1p - a good test for them and also for the market.

[talais] 03/12/2021 13:25

Very quiet today, definitely need some updates

[lopodop] 03/12/2021 12:18

The believers breath in JP’s every word and will accept whatever reality throws at them. Surely there must be a cash requirement? When?
SB is unfazed and delay may suit his strategy and reward!