Tomco Energy Share Discussion Threads

[talais] 07/3/2022 07:43

Oil @ $125, and talks of turning off Russian oil,

[lopodop] 04/3/2022 14:01

SL
You are very touchy about comments made which do not accord with your views. You forget this enterprise has already cost more than a few investors losses to their hard earned savings - unnecessarily.
Groat told investors the MD was accomplished. He overstepped the mark - JP will be the first to admit that he is unaccomplished and does not have all the tools for the job he has set out to do.
Then there is the saga about the non execs and their suitability to perform their duties wisely in the best interests of investors.
If significant investors had drawn attention to these issues instead of trying to persuade others it would be all right on the night, TOM might well have been in a stronger position.
What you seem to want to do is endorse a far from satisfactory situation - why because in your so called research you ignored assessing the ability and suitability of management. Now you are clearly nervous about your investment's value going forward as are some of your associates.
Had some investors here had more savvy instead of just trying to make a quick buck, most investors could be better off and have confidence in TOM's future.

[stuart little] 04/3/2022 08:42

Fair enough. I don't particularly have any issue with you, aside from the name calling of anyone who sees this differently. Others on here have a tone that is patronising beyond my comprehension therefore are banished to the bin. I read enough of them to know what will be being said on a daily basis. I wish you well with XTR.

[the diddymen] 04/3/2022 08:26

Stuart looks like a rhetorical question!

Anyway the bottom line is that I will be around until TOM demonstrates that it is not a narrative company.

[lopodop] 04/3/2022 08:25

Unless there has been further extension granted, TOM's financials should be published within 6 months.

[fenners66] 04/3/2022 00:06

rmart "strives to silence" we on here try to give balance.
There nearly twice as many posts on the la la thread.
Every time the share price moves up , the ramping renews on the "narrative basis " that since the share price has moved someone knows something - which they don't - but the gamblers get dragged in.
Every time the share price goes down we invariably say nothing because we know with a narrative company it means nothing.
As you say ultimately establishing a profitable business or not will move the share price - but the narrative impasse continues to drive the ramping....

[ducky fuzz] 03/3/2022 22:03

Thanks rugrat .. I looked recently on the TOMco website and that wasn't there. So quite new.

[rugrat2] 03/3/2022 22:01

Yes, I think that you are correct having read it over again. My bad.

[stuart little] 03/3/2022 21:52

"...be converted to production wells once the permits for these have been received." I take this as being once production permits are received. Exploration permits are now issued imo.

[rugrat2] 03/3/2022 21:47

Well I am not convinced on the first point. That rns was dated 10/02. The wording of the website snippit means that it would have to have been posted prior to that. Something adrift somewhere.

[stuart little] 03/3/2022 21:23

So you've set yourself up as a bulletin board Batman? :-)You (nor I) know what the outcome will be here therefore your efforts could (obviously nobody should listen to us) prevent somebody pocketing a profit. Also the policing appears much more vocal than those you strive to silence! Ultimately the company will drive the share price.

[the diddymen] 03/3/2022 21:05

Stuart, it is less to do with TOM and more to do with some of the posters. They do not understand the damage that they do to naive investors. The statement may appear patronising but I assure you that in the 15 years or so I have been watching I have seen houses lost, marriages break up, vaste sums of unaffordable cash lost, retiremnet postponed indefinitely and in one case death.

I only say 'less to do with TOM' because the manipulators are attracted by narrative, small market cap, high gearing etc. Companies set out their stall on that basis and there is a symbiotic relationship between the Directors and the scammers.

I am certainly not saying TOM falls into that category but it has some of the charateristics that attract.

Some of the posters on here know they are playing the market, but what does that mean. Given that this is mostly a PI play (another hallmark - like XTR in that sense) when I see posters trading - if they are making a profit on the trading, their profit is another PI's loss. For some the addiction is worse than gambling albeit that is what it is.

Over the years I have only commented on three or so companies at a time. Some I watch and do not comment on.

You know what you are doing and do not ramp/manipulate and if you win great and if you lose I suspect that you can afford it. Vauch knows what he is doing but in my view should significantly reduce his exposure, only on the basis that the pain will be immeasurable if it goes wrong.

[stuart little] 03/3/2022 20:58

They have received the permits (as per rns) for the exploration wells (production permits to follow) and it's my understanding that snow is not an issue due to the infrastructure and relatively shallow drills.

[stuart little] 03/3/2022 20:51

Thanks Rugrat.

[rugrat2] 03/3/2022 20:42

A little snippit on the Greenfield Energy page of the Tomco website. I don't know how long it has been on there:

"AC Oil is drilling 3 (AC Oil 1,2,6) exploration wells of which 2 (AC Oil 1,2) will be converted to production wells once the permits for these have been received. The purpose of the exploration wells is to confirm no water is in the target formation and to accurately confirm the depth (top and bottom) of the target formation. Core samples will be taken which will be tested for oil saturation, as well. Production wells AC Oil 3, 4, and 5 locations, will be fixed during the permitting process."

A rather high level map is shown:
hxxps://www.tomcoenergy.com/wp-content/webp-express/webp-images/doc-root/wp-content/uploads/2022/02/AC_Oil_EXP_Apllication-14-768x543.jpg.webp

I have added the wells to a plan from the 2013 Norwest report, showing them in relation to the historic test drills on Tract D



My reading of the text is that they have not yet received the permits, despite what has been said, and they certainly do not show on the UDOGM website. No panic - there was fresh snow recently - the Sentinel 2 satellite imagery for 28/02 shows tract D virtually completely white.

[lopodop] 03/3/2022 12:15

SL
Again with respect, what is being called into question is the integrity and expertise of the Board.
With the right directors on board, who command respect, the drilling proposition could have a chance of working albeit maybe on a longer timescale. Likewise the funding concept negotiated by experienced parties could be achieved with some give and take.
But as usual, the defect for TOM is that it has the wrong directors who are not up to the challenge. Anyway this problem has been brought up time and time again and here investors are stuck in a total impasse. It needs the major shareholders to call an EGM and sort this out.
You might agree that a new team may be able to turn TOM around - sadly there is little time and investors quite rightly feel aggrieved.

[lopodop] 03/3/2022 12:15

SL
Again with respect, what is being called into question is the integrity and expertise of the Board.
With the right directors on board, who command respect, the drilling proposition could have a chance of working albeit maybe on a longer timescale. Likewise the funding concept negotiated by experienced parties could be achieved with some give and take.
But as usual, the defect for TOM is that it has the wrong directors who are not up to the challenge. Anyway this problem has been brought up time and time again and here investors are stuck in a total impasse. It needs the major shareholders to call an EGM and sort this out.
You might agree that a new team may be able to turn TOM around - sadly there is little time and investors quite rightly feel aggrieved.

[fenners66] 03/3/2022 11:27

Since the new plan is based on nearly 10 year old data - why is it a new plan?

[stuart little] 03/3/2022 10:47

And they only took ownership of the 10% of TSH2 4 months ago so makes sense that the new plan unfolded recently.

[stuart little] 03/3/2022 10:45

I'd argue that probably over 50% of aim companies are searching for the revenue source to prevent placings. Tom, in my opinion, have a chance now. They might succeed in the next 6 months, they might not. With a market cap under £10m I like the risk/reward it offers. For you to post regularly because you don't agree with the plan is still questionable in my eyes. Bit of ego boosting 'told you so' going on.

[the diddymen] 03/3/2022 10:38

Stuart if I thought that TOM had a sound business plan I would not be here. Just to point out unless TOM have another placing, they are absolutely dependent on the drill.

They will not get the funding unless it is substantively equity or there is a highly cash generative business. Forget the former, so it is the latter.

4 months ago nobody had heard of the old fashioned oil option and there are to my mind questions about the extraction process. TOM do not have time for a technical problem. D Day for TOM is sign off of the accounts. Covid appears to have bought the company three months grace.

XTR's risk profile is completely different but there is a decent return, notwithstanding political/market risk.

[ajj2003] 03/3/2022 10:15

Or another week closer depending upon how you look at things.

[lopodop] 03/3/2022 09:58

TD
If the BOD is not in the position to inform investors as to TOM's progress or otherwise, does the same apply to the auditors? How on earth can BDO carry out an audit without uptodate status reports or does it imply that the BOD may have released information tentatively to BDO which should have been released also to the market and for various reasons has been withheld. What does the NOMAD think?

[vauch] 03/3/2022 09:32

Another week drifts on by