Tomco Energy Share Discussion Threads

[fenners66] 21/12/2021 12:39

and the one thing we can agree on,
the share price has fallen

[the diddymen] 21/12/2021 10:06

The lalaland thread is absolutely silent.

[fenners66] 21/12/2021 08:39

The next RNS will give no details of whom is paying for what or when.
The RNS's never have.
Its all just fuzzy easy to misinterpret words.

Like the Greenfield JV - it was TOM that spent the money not Valkor

But the other threads resident "experts" were quite happy to lay their (now shown) false trails of drilling to start early December, took this threads balance to say that was never going to happen....

Remember the self imposed deadline of 4 months agreed for the land option ?
Which took 6.5months ?

[chadwick123] 21/12/2021 07:43

fenners, stop making a fool of yourself, your lack of knowledge in the Oil & Gas industry is laughable, there is no way a work over Rig would have been mobilised until all necessary permits etc in place, the Rig will still be in the yard, or moved on to another location, Tomco have lost there slot, that’s how it works, now relax and enjoy Christmas, the exploration drilling will commence, when will that be, no idea, I’ll wait for an official RNS, like you should do.

[lopodop] 21/12/2021 07:32

JP wisely used the word 'intention'.

[fenners66] 20/12/2021 18:12

That's an interesting angle for Valkor.
We have lent the funds to pay the rent on the claim and pay for a drilling team to start 1st December, so your loan is increasing by the day.

" We agreed 1/12/21 so naturally you are liable for the wages."

TOM agreed 01/12/2021 because that suited their PR machine , without thinking about the associated consequences if drilling did not actually start for any reason .... permits, weather, covid, etc. ?

Valkor and their 28% interest , laughing all the way to the bank , after all they are a business not a charity....

[goulding1215] 20/12/2021 10:17

No comment.

[the diddymen] 20/12/2021 09:56

Seen Damac's direct line input.

It begs the question who is footing the bill for the drilling teams sitting around. Surely someone took permitting into account?

[the diddymen] 20/12/2021 09:53

Fenners a major assumption is that they will have the licence to drill.

This piddling loan could yet become troubling.

JP will need to deliver a very clear plan on day 1 of the new year or he will be into catching falling knives.

Until any news this is at risk of returning from whence it came.

[damac] 20/12/2021 09:26

joebloggs,

I agree, I can't see it happening now until January (assuming DOGM come through with the permit of course).

[damac] 20/12/2021 09:22

He was wrong in expecting the permit to be granted by then yes. They are all sitting primed to go, including the drilling team.

[fenners66] 20/12/2021 09:01

-11c in Vernal Utah according to Accuweather.

0 or less for just about the whole of January....

[hotfinance14] 20/12/2021 07:55

Thanks Damac

So Potter was wrong about the drilling starting in December.

[joeblogg2] 20/12/2021 07:28

Damac I think we can say it won't be happening this year :(

[damac] 20/12/2021 00:31

The drilling has not started as they are still waiting on the permit from DOGM.

[vauch] 19/12/2021 20:49

What wells are you on about.
The wells don't exist until they are drilled

[hotfinance14] 19/12/2021 16:12

Do we know if the drilling has started at the wells ?

[chadwick123] 18/12/2021 18:43

The group said its non-executive chairman Stephen West has expressed his intention to step-down from the board due to the increasing time commitment required as TomCo seeks to move to the next stage of its development.

West has now left the board with immediate effect, the company said. Malcolm Groat, previously non-executive director, has been appointed as the new chairman.

Similarly, non-executive director Alexander Benger has also stepped down from the board.

At the same time, the company has announced the appointment of Robert Kirchner and Richard Horsman as non-executive directors of the company.

“As TomCo moves to its next stage of development, in particular progressing the work of the company's Greenfield Energy joint venture, I am very pleased to welcome Robert Kirchner and Richard Horsman to the board,” said TomCo chief executive John Potter in a statement.

"Robert is a very experienced oil industry executive whose skills and experience, particularly in relation to the exploitation of new technologies, will be invaluable as we move forward. Richard brings significant public company experience to the Board, coupled with an important sales and marketing focus.

"With the reorganised board, I am confident that TomCo has the right individuals in place to ensure that we can appropriately progress the commercialisation of the exciting opportunities we have.”

[wilson2] 18/12/2021 18:42

Foggy in the northeast today

[chadwick123] 18/12/2021 18:33

Didn’t realise he’d gone, but as you say, he’s no longer with the Company.

[the chairman elect] 18/12/2021 16:20

Why did Stephen West leave?

Perhaps before answering that one maybe the initial question should be why did he join in the first place?

[the diddymen] 17/12/2021 19:03

Looks like the next opportunity to announce will be in the new year.

That will get the normal suspects over here.

[the diddymen] 17/12/2021 16:29

Kens Dead Dogs Dodd

[wilson2] 17/12/2021 16:23

Ken Dodds dogs dead