Tomco Energy Share Discussion Threads

[ajj2003] 10/2/2022 10:35

Zac back on the case again, weekly close above 0.67 then off to 0.95 ;)

hxxps://www.voxmarkets.co.uk/articles/traders-cafe-with-zak-mir-bulletin-board-heroes-february-10-aceca55

[damac] 10/2/2022 10:12

Another example of underlying messages that are usually in RNS's.....


"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 underlying message here is that funding (as part of the large funding package required) to secure the remaining 90% of Tar Sands Holdings II LLC is very close to conclusion. Greenfield were going to demolish this refinery when they acquired the remaining 90%. The fact that Greenfield have now been allowed to lease this refinery out tells you......

[lopodop] 10/2/2022 10:10

RMART
You are not helping TOM in the least with your mood swings. Don't forget dear CORCEL - that needs some tlc.

[ajj2003] 10/2/2022 10:01

Have Tomco / Valkor now allocated an established PR person as more tweets in the last month than I can remember. Certainly going to be busy ;)

TomCo Energy PLC
@TomcoEnergyPLC
·
1h
Read our latest update on certain recent developments in connection with the Company's plans for a potential commercial scale project on the mining properties comprising the Tar Sands Holdings II LLC site located in the Uinta Basin, Utah, United States.
hxxps://polaris.brighterir.com/public/tomco/news/rns/story/xpen23r

[fishyneck] 10/2/2022 09:54

well done John on another revenue stream in the making. I'm sure John would have loved to have named the commercial partner, one capable of refining 10k a day is obviously a serious player. As pointed out here it is clearly commercially sensitive for our new tenant. The emission of their identity in no way lessens the quality of the RNS for me.

We now have the very real possibility of drilling exploration wells in a few weeks then, on a trouble free basis, turning them into production by mid 2022. Along with the excitement of the funding closure in Q2 resulting in completion of TSH2 purchase and commencement of construction of our plant. Then further wells to be drilled during the construction period. Its taken a long time but I do believe we are now getting somewhere!

[wilson2] 10/2/2022 09:54

What did rmart say

[rmart] 10/2/2022 09:46

no more replies from me on here but for simply repeating this post. You lot are simply not worth it.

lopodop, fenners66, thediddymen, ace ventura, wilson2

Anyone dropping in here please take note, the above posters have been trashing tomco for years. They will NEVER accept tomco is moving forward. Totally biased and a crazy daily deramping gang.

[daar] 10/2/2022 09:40

Pump is on!!!

[lopodop] 10/2/2022 09:38

RMART
Why take things personally. This is for open discussion? Now it would be helpful for the chairman to tell us when the audited accounts are arriving for these may fill in a lot of the gaps and help support your euphoria. Last year these came mid February but this year with so many open points could be a month later.

[rmart] 10/2/2022 09:29

lopodop, fenners66, thediddymen, ace ventura, wilson2

Anyone dropping in here please take note, the above posters have been trashing tomco for years. They will NEVER accept tomco is moving forward. Totally biased and a crazy daily deramping gang.

More examples of this groups despicable agenda above. Not a single one of them prepared to congratulate JP on the great deal for tomco. - PATHETIC.

[lopodop] 10/2/2022 09:29

SL
'Our one man band' properly sums up this business. Who discovered 'our refinery' - is it?

[damac] 10/2/2022 09:24

I agree Rmart, the funding for the 5k bopd plant is further risk reduced by today’s RNS as certain elements of finance required over the period is now being covered by another income stream that has no outlay cost to Greenfield. Everything a potential funder of the larger finance required would like to see.

[lopodop] 10/2/2022 09:23

Damac
Absolute balderdash. Of course listed companies are pleased to name the parties with whom they do business. So why not here - what is JP embarrassed about? Is their financial standing in doubt? This is where JP crashes down time and time again - always rough and ready but you people go along with it. Pull him up for heaven's sake and tell him. Any wonder why the non execs leave. The chairman should exert control over this nonsense.

[damac] 10/2/2022 09:19

SL, most likely off-takes agreements for the oil and sand products I’d say.

[rmart] 10/2/2022 09:18

a bit of an error on my figures on the dark side.

10 year royaly income from the refinery lease = $110m + $10,000 per month rent.

Remaining cost of the 90% land cost $18m.

Forget everything else for now.

Loan for $18m at 10% interest over 10 yrs. Total repayable $28,544,559.17

Loan payment $237,871.33 per month.
Income : 10,000 x 30 = 300,000 x $3 = $900,000 per month.

Who would refuse to lend on that basis? 10% interest is too high by the way.

Now add in our 5,000bopd plant and the production from the shallow wells.

= NO BRAINER.

[stuart little] 10/2/2022 09:15

"In parallel, we are progressing the previously announced due diligence exercise being undertaken by a financing party currently interested in backing our plans for Greenfield, together with other matters in relation to the TSHII site."I wonder what the other matters are? He's working hard our one man band! :-)

[damac] 10/2/2022 09:13

Yep, they will announce when they are ready to do so, standard business practice. The bed wetters on the other thread have no understanding of business though.

[busamitch] 10/2/2022 09:13

PQE money is coming to TOM...

[stuart little] 10/2/2022 09:09

It's clear to me that whoever wants to use our refinery will currently have contract(s) in place elsewhere. There will be upgrades/repairs to carry out on our place, it's been dormant for some time, therefore they would be jeopardising their current supply chain if they were to be named. Pretty basic stuff I'd say.

[lopodop] 10/2/2022 09:07

RMART
many congratulations - JP will be so pleased that you endorse his latest. He feeds a few bits into your processor without any support detail and you ignore the many consequent big issues as he hopes / expects. It is what JP holds back that you need to ascertain.
However the market has its shrewd approach and does not react in such a way.
JP has you and others summed up!
In other words rely on the market, not others.

[ajj2003] 10/2/2022 08:59

TomCo Energy expects Utah wells to kick off in March

"We continue to make significant progress with our plans for the TSHII site and we look forward to the drilling of the exploration wells in March," John Potter said.

2022-02-10-08-23-55-ac9bfed737ea88a7d2e80203e5f13be8

TomCo Energy PLC (AIM:TOM) told investors that drilling is now slated to start in March for a programme of three wells designed to unlock a ‘self-funding’ resource for its efforts in Utah.

Via subsidiary Greenfield Energy, the company has been granted permits to drill by the Utah Division of Oil, Gas and Mining at the Tar Sands Holdings II LLC (TSHII) site which is host to, among other things, the company’s planned heavy oil processing plant.

Conventional oil wells will in the meantime be drilled by Greenfield subsidiary AC Oil LLC next month, as the company aims to opportunistically generate revenues from conventional hydrocarbons in the area.

"We continue to make significant progress with our plans for the TSHII site and we look forward to the drilling of the exploration wells in March, utilising some of the proceeds from our recently completed placing,” said TomCo chief executive John Potter.

“In parallel, we are progressing the previously announced due diligence exercise being undertaken by a financing party currently interested in backing our plans for Greenfield, together with other matters in relation to the TSHII site.”

TomCo also noted that TSHII, presently 10% owned by Greenfield, has separately agreed to lease out an existing refinery facility on the TSHII property which was previously earmarked for demolition as the Greenfield project advances.

The new tenant intends to develop a 10,000 barrels of oil per day refinery on the site and will have two years to do so before potentially forfeiting the lease.

TSHII is being paid US$10,000 per month in rent along with a US$3 per barrel production rent per barrel of produced hydrocarbons.

Greenfield acquired 10% of TSHII in an option deal which gave it the right to acquire 100% in the future.

[vauch] 10/2/2022 08:59

Only a week now for the funding head of terms.