Tomco Energy Share Discussion Threads

[stuart little] 04/2/2022 11:01

So about the term sheet....any thoughts? Sounds great yes? I mean that's a game changer here is it not?

[fenners66] 04/2/2022 11:00

Looking at John Potter's appointment RNS1 February 2018 it seems that he was indeed the same as those other companies

"Additional information on Mr John Potter
The following additional information is provided in accordance with paragraph (g) of Schedule Two to the AIM Rules for Companies:
John David Potter, aged 48
Current directorships/partnerships

Hirad Ltd
Reform Energy plc
Reform Energy Fleetwood Ltd
Reform Energy Solutions Ltd
Reform Energy Stations Ltd
Wyre Tidal Energy Ltd

Past directorships/partnerships (last 5 years) APA Developments Ltd

Mr Potter was a director of APA Developments Ltd at the time it entered into receivership on 26 March 2014. All creditors were repaid in full.


Reform Energy Plc was liquidated owning Estimated total deficiency £7,532,914
as per the statement of affairs 12 01 2021

John Potter had to sign that off in December 2020
so I guess he was a busy man.....

[stuart little] 04/2/2022 10:56

Indeed. But the outcome sounds more positive than "not a chance". Binding term sheets in a couple of weeks following an update last night.....it appears the one man band might just pull it off.

[pooler1] 04/2/2022 10:56

Every time I see/hear Schlumberger I always think " Deepwater Horizon".

Edit: I don't mean in a bad way!

[fenners66] 04/2/2022 10:52

Not announced yet , just planning for
Many a slip betwixt cup and lip....

[goulding1215] 04/2/2022 10:51

They don’t come bigger than Schlumberger.

[stuart little] 04/2/2022 10:49

Diddy, I'd value your opinion, especially on the progress with regards funding. They must be confident to announce a small window of "closure before Easter"that's not kicking the can very far!

[damac] 04/2/2022 10:42

Good to see it confirmed in the presentation that Schlumberger are also part of the team.

[stuart little] 04/2/2022 10:33

Binding terms sheet in couple of weeks...how you pulling that one apart Fenners? (Should be good)Clearly we don't know the terms but doesn't sound like they have "no chance of funding". Quite the opposite, I'm sure terms will have been discussed over the last months.

[fenners66] 04/2/2022 10:23

Zac says the sand is the "Primary revenue" and oil is secondary

Then goes on to talk about value of oil

Next question is about the WTI environment

Sounds muddled and inconsistent

Can't discuss the value of their "primary income"

Says to me it could be "window dressing " the project as enviro friendly but its pretty see through.

Why do they have to bother?

[talais] 04/2/2022 10:17

Also an off take agreement to be signed shortly, does that not come with some forward payment, to Tomco

[damac] 04/2/2022 10:17

Stuart, the silica is worth around £180 a tonne apparently.

[fenners66] 04/2/2022 10:12

As for

"SAN "

This is supposed to impress financiers with their $200m loans ?

[fenners66] 04/2/2022 10:11

SL they are not showing the sand as an "Add-on"

Its the first 4 lines of their revenue.

That "says" (whether intended or not ) they are focusing on Sand.

If they did not mean that - then put the oil products first
If they did mean it - that completely changes the focus..
Then the question is WHY?

Because there is anti oil heat on licensing and funding?

[talais] 04/2/2022 10:10

Will be a very interesting day, and week's ahead. Gla

[goulding1215] 04/2/2022 10:08

That is the sort of stuff the big buyers want to see + funding.

Silica sand nearly $200/ton? Licence to print money.

I see Zac Phillips now helping JP. Good move.

[vauch] 04/2/2022 10:08

Thanks AJJ.
I watched the pod cast but have not checked the second link yet. I have a look now.

[fenners66] 04/2/2022 10:06

"No reliance may be placed for any purpose whatsoever on the information contained in this
Presentation or on its completeness, accuracy or fairness thereof,"

[talais] 04/2/2022 10:06

It's mixed with oil and makes tarmac and will fetch $100 plus a barrel

[stuart little] 04/2/2022 10:06

Check out the value of silica sand fenners. I believe the sand by-product of the process can be separated easily into different grades of sand with silica very high returns. The sand could potentially be a very high value add on.

[fenners66] 04/2/2022 10:06

"Presentation for the purpose of engaging in any investment activity may expose an individual to
a significant risk of losing all of the property or other assets invested."

[fenners66] 04/2/2022 10:05

Slide 18

Risk capital with 2 reference indicators - but no explanation

$175m

Up from the recent $145m
Up from the less recent $110m

What did I already say ?
Said a long time ago $150m was too low, now they move closer...

Keep going as I said they are always going to start low.....

Fantasy plant just got $30m further away it seems.
It starts with advising read the disclaimer , then makes the disclaimer very small print .....

[talais] 04/2/2022 10:03

That's a very strong comment,

[damac] 04/2/2022 10:02

My main takeaway from that video is...

Binding term sheet from the potential funders expected in the next couple of weeks, with the funders targeting financial close before Easter (17th April).

[fenners66] 04/2/2022 09:57

Slide 14 revenue still concentrating on SAND....

What's with the Sand focus ?