Tomco Energy Share Discussion Threads

[stuart little] 10/2/2022 07:58

Don't predict or expect anything share price wise. Just enjoy the progress that is being made. The share price will find it's way as the pieces fall in place.

[jaynealex] 10/2/2022 07:56

Ok what's it going to open at ?

[stuart little] 10/2/2022 07:55

What expense? You are mixing up expense with income...

[vauch] 10/2/2022 07:55

The 10 grand a month is the same as Tom is getting paid to help another co with permits.

Is everything 10k now.

[stuart little] 10/2/2022 07:54

I was thinking that too. John has been in discussions with the railroad. They'll want a link to TSH2 with all the activity from 2023.

[wilson2] 10/2/2022 07:54

This going to drop like a stone, more expense with still no income

[jaynealex] 10/2/2022 07:54

Rmart ..we could get market rate + the royalty , I don't personally know how refineries set oil price and what a contract would say

But either way we'd negotiate market rate plus the 3 dollars ..or take market rate and receive a rebate

[ajj2003] 10/2/2022 07:53

Increases the likelihood of a rail off take heading in our direction otherwise there will be a hell of a lot of tankers kicking about ;)

Fair point Talais - possible further announcement 1st March regarding the remaining 90%?

[jaynealex] 10/2/2022 07:51

Rmart ..we could get market rate + the royalty , I don't personally know how refineries set oil price and what a contract would say

[talais] 10/2/2022 07:48

The tenant has signed a ten year lease from the 1st March 2022, on land At the Moment we do not own, OR do We, they would not sign unless they new we owned the land.TSHII has entered into a 10 year lease with a tenant starting from 1 March 2022 covering an existing refinery on the TSHII site that is not required for Greenfield's plans and was previously scheduled to be demolished should Greenfield acquire 100% of TSHII. The tenant intends to develop a 10,000 barrels of oil per day refinery on the site and under the terms of the lease has two years in which to do so without potentially forfeiting the lease

[stuart little] 10/2/2022 07:42

Figures! Sorry!

[stuart little] 10/2/2022 07:42

Diddy, a view in this from 'your side'? You must be seeing some progress now? Yes a bit jam and not massive initial figured but deals being executed now showing a longer term future is probable.

[talais] 10/2/2022 07:40

Maybe the refinery is for QFI bio Msar,

[stuart little] 10/2/2022 07:37

Unusual to have an rns without the 3 immortal words - subject to....:-)

[rmart] 10/2/2022 07:35

I doubt it is our own production, they can’t sell their own oil to someone and then also get a royalty on it.

This will be the tenants own product shipped in and refined into a product they need.

[oil be there] 10/2/2022 07:35

Great RNS and perfectly timed with Cantor exit. Well done JP & team, term sheet signed next week maybe?

[thrgef] 10/2/2022 07:34

That's a proper RNS. And it's all bonus to what is expected. Definately Boom time

[jaynealex] 10/2/2022 07:30

Stu ..exactly no transport costs and 3 dollars extra a brl produced ..win win just on our own production

[saltydog2017] 10/2/2022 07:30

Well done to JP and the team.. the ducks are being lined up nicely..

[rmart] 10/2/2022 07:29

STUNNING RNS, probably the best one I have ever seen from TOMCO.

The term sheet news will be even better!

[stuart little] 10/2/2022 07:29

They aren't borrowing $16m at 28%. You absolutely know that.

[stuart little] 10/2/2022 07:28

Repayable on the funding closure. Not a problem.

[chadwick123] 10/2/2022 07:27

$3 dollars on every barrel produced by tenant on an area Tom were going to demolish.
Including rent when at full production will give Tom an additional $11 mill a year.
Nice bonus for our tiddly mcap company.

[stuart little] 10/2/2022 07:27

Also if we have a large tennant using 10k a day surely they'd be ideal for our production once it arrives. Ready made off take partner anyone?

[minja19] 10/2/2022 07:27

FABULOUS RNS