Tomco Energy Share Discussion Threads

[wilson2] 04/1/2022 07:55

Why's vauch talking to himself

[vauch] 04/1/2022 07:13

Also as the co is not tradeable on most exchanges and it looks as if the co will not bother to get it relisted now, It may now be a done deal.

[vauch] 04/1/2022 07:13

Also as the co is not tradeable on most exchanges and it looks as if the co will not bother to get it relisted now, It may now be a done deal.

[vauch] 03/1/2022 18:26

Petroteq share price is now gaining traction to the offer price, if another company wants PQE then they will need to act soon.
As I think when we enter February I can see most going for the deal on the table.

[goulding1215] 03/1/2022 15:19

I wonder if anyone will be reading this tomorrow?. Good read as the market opens:-

How Biden’s Energy Agenda Could Send Oil To $100

By Julianne Geiger - Dec 29, 2021, 6:00 PM CST
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Some in the oil industry fear that oil prices may again return to the $100 mark, with President Joe Biden’s anti-fossil fuel stance and aggressive green agenda threatening the supply of oil and gas in the foreseeable future.

President Biden’s energy agenda has been a puzzling one, but it didn’t start off that way. At the very start of his term, President Biden was quick to cancel the Keystone XL pipeline. He suspended oil and gas leasing on federal lands, and sent a clear signal to the oil and gas industry: your days are numbered.

Now those policies may push oil prices back up to $100, as oil production in the United States is still lagging pre-pandemic levels by nearly 2 million bpd, while demand continues to tick upwards.

It’s not that oil production in the United States is stagnating. Hardly. But the slow recovery—impeded in part by Hurricane Ida—could tip the market into a shortage rather than a surplus.

Demand is already outpacing U.S. production. In 2021, U.S. crude oil inventories have shed nearly 70 million barrels.

It would be one thing if U.S. policy were pro-oil and gas. As oil prices rise, oil and gas investments would flood in, and the market would do what the market does—regulate itself. But oil investors and banks—even Big Oil companies—are desperately trying to tiptoe through the new environment. Shareholders are now spattered with activist shareholders demanding more accountability with regard to the environment. Banks are eager to display their green prowess by shunning new oil and gas projects. Oil and gas companies are leery of sinking too much money into new drills too fast in an environment that may or may not be hospitable to them in the future.



Now, the lack of investment and sluggish return of U.S. oil production could send oil prices spiking.

That’s not to say that all are on board with this call for $100 oil. Some contend that OPEC+ has its finger on the pulse of the oil industry so that oil won’t have a chance to go that high. Others, however, question how much spare capacity OPEC+ has at the ready to respond to additional demand surges.

The U.S. Energy Information Administration sees OPEC+ spare capacity reaching 5.11 million bpd in the fourth quarter of next year.

Goldman thinks $100 oil by 2023 shouldn’t be ruled out, as supply additions are expected to be simply too slow to keep up with demand—precisely the scenario we saw in 2021. Goldman’s base forecast is still $85 Brent in 2022 and 2023. But it isn’t ruling out the possibility for $100 oil, made possible by higher cost inflation for drillers or a significant supply shortfall.

Saudi Arabia warned that this underinvestment could be dangerous.

No matter where the exact call for oil prices lands, one common theme exists in most oil forecasts today: there is simply not enough supply while demand is robust. And oil prices will need to go even higher if significant investments are to be made to the extent where supply can keep up with demand. How high? Well, that will depend on the policies in place to support the industry—and those policies today aren’t looking to congenial.

By Julianne Geiger for Oilprice.com

[danmart2] 01/1/2022 06:35

I hope they can finally turn this into a success; 2022 a huge year for Tomco.
All the best

[goulding1215] 01/1/2022 06:09

I endorse that.Happy New Year all long-suffering TOM shareholders.

[freedom97] 31/12/2021 14:59

All the Best for the New Year!

May 2022 be the Best Year Ever for TomCo and may All shareholders make Loads of Money! 🍾🍾🍾🎆7878;🎆Ԇ40;🚀🚀;

[the diddymen] 30/12/2021 21:07

Don't hold your breath Fenners.

[lopodop] 30/12/2021 16:46

TD
Solvency or otherwise could well be an issue holding up the permits - placing is likely to be next week unless TOM has found alternative mechanism.
SB can take his time and may be surprised if TOM is still underfunded so ...Drilling could be held up for ? how long. TOM is quite used to delays but market will be less than tolerant!

[chadwick123] 30/12/2021 15:49

Not beginning of December
We expect the permitting process for the production wells to be completed in Q1 2022, following the drilling of three exploration wells intended to occur in December 2021.

[the diddymen] 30/12/2021 15:41

Lopo, you would have thought that there would be a requirement for licensees to demonstrate solvency.

SB would have had an idea of timescales to drill so why did he say early December.

Many more questions than answers on this one.

[lopodop] 30/12/2021 14:44

SL
? Inadequate funding to undertake the drilling ?

[ajj2003] 30/12/2021 14:26

Zac Mir looks at Quadrise again.

hxxps://www.voxmarkets.co.uk/articles/traders-cafe-with-zak-mir-bulletin-board-heroes-december-30-051056d

[lopodop] 30/12/2021 13:36

SL
Do you not sense there may be a problem in the grant of the permits? If so what it is likely to be?

[fenners66] 30/12/2021 13:14

I see lala's are looking to move the goalposts again...

Exploration permits are "just a formality" now expected January - well they were all signed up to that formality in NOV so drilling could start 1st DEC.

Just shows how much BS is added to that thread - any fantasy easy good news they can make up....

So if it takes 2months + to come up with a formality what are the chances of a production license within say 6m , 12m a year , 3 years , 5 years ?

We can look back at the comments I made in OCT NOV at no chance of income in the first quarter soon ....
Then there is the 28% loan...

[talais] 30/12/2021 12:56

Looks like we are at the bottom, could see it start moving up soon.

[stuart little] 30/12/2021 12:32

We are awaiting drilling permits for 3 exploration wells. Exploration well permits are generally formalities, hopefully should be issued soon after the break. The local drilling team can mobilise immediately with the drill of the 3 wells being completed in just a matter of days. Plenty of newsflow to come in January!!

[danmart2] 30/12/2021 12:24

Good afternoon, is the next hurdle TOMco to confirm mining permits?

[fenners66] 30/12/2021 11:29

But will they?
They have been narrative based for years.
Anyone gambling on something happening are going to have the others feeding them that things are "just around the corner" why sell now?

We have seen this same narrative situation play out for decades elsewhere.
That is the difference between investing in companies that do something and make money /pay dividends - they can be judged and analysed , vs. the narrative company that promises to do something one day. The gamblers "believe" that's all there is to it.

Then there are the others that just encourage the gamblers , go on buy this , you will get rich one day.... meanwhile they trade the price movement.

[the diddymen] 30/12/2021 11:04

You would expect the jungle drums of a leaky ship would start to prep the faithful for a New Year RNS. No evidence of that yet on the lala thread. TOM need to drive the share price North to get a placing away.

If the RNS does not materialise there will be one or two shareholders who give up and recover what they can.

Tick tock.

[fenners66] 29/12/2021 09:39

You could muse on why a higher oil price is bad for a company that has no drilling assets or staff.
As they are 100% reliant on getting someone else to drill for them , who can drill their own ground.
Because if the value of oil drops to where any profits from oil are marginal , the 3rd party could drill for TOM and charge them all costs (their profit protected as part of the costs) therefore taking no risk on themselves.
Meanwhile if the profit margin is high, then they can concentrate their assets on generating their own profit instead, and TOM would have to wait......

All the while the waiting leads to more interest at 28%

As we have seen already the smart operator is the 3rd party...

[the diddymen] 29/12/2021 09:15

Vauch - thanks for your post on Reichy's thread pointing out the inaccuracy.

[the diddymen] 29/12/2021 09:13

Is Mixi suffering from Alzheimers or is it a case of 'do not let a fact get in the way of a good narrative.'

Today's post:

goulding121527 Dec '21 - 22:24 - 24669 of 24671
0 0 0
This could be a good start to the New Year, WTI $75.57. First time I have seen it that high.

...and the 20th Oct post

goulding1215 - 20 Oct 2021 - 19:52:41 - 23518 of 24672 TOMCO - TURBOSHALE - Commercialising Oil Shale Production - TOM
Geez! WTI. Now. $84.25.

Today, Thursday. $83.02


Given your history Mixi I would say that it was the latter. Eh!