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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tomco Energy Plc | LSE:TOM | London | Ordinary Share | IM00BZBXMN96 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0275 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Drilling Oil And Gas Wells | 0 | -2.35M | -0.0006 | -0.50 | 1.07M |
Date | Subject | Author | Discuss |
---|---|---|---|
10/3/2022 09:22 | It always appears the MMS are keen to keep this down | jaynealex | |
10/3/2022 09:17 | Expected more buying, this RNS will sink in later, | talais | |
10/3/2022 09:12 | i just knew Fenners would be in panic mode today. Off he goes with his blinkers on. | rmart | |
10/3/2022 09:10 | Where did this Vivakor plant come from - I have not seen it mentioned in TOM RNS's before ? | fenners66 | |
10/3/2022 09:07 | Once again the wilfully ignorant ask no questions "The MoU covers a proposed professional services agreement between Vivakor and Greenfield for the potential supply of certain operating and engineering services, including sand treatment and oil upscaling to Vivakor, such services to be provided by Valkor LLC through Greenfield" Read to be provided by VALKOR LLC So as predicted when Valkor left the joint venture - any services provided by Valkor within the JV would have been at their cost as part of the JV Since they left their services are now provided "at arms length" which means that Greenfield becomes Valkor's client. So how much do Valkor charge since Greenfield has Zero resource ? How about $3 per tonne and 50% of net revenue from sand ? The gullible see only what they want to see and none of the costs. "Vivakor's intention, with the assistance of Greenfield, to develop and enhance a pre-exisiting oil sands processing plant that it owns on the Property" Sounds a replication of the Petroteq deal - which had the CORT plant fixed by Valkor with TOM paying $1.5m for it. Not only that - but surely it cannot be doing the job of a CORT plant - that was unique (so we are told) tech ! But as I already found from research - it is not so unique after all - other companies have been doing similar and losing fortunes as well for years..... As for funding $175m ? Not even mentioned. Years will roll by and the company will continue to tap shareholders for funds - with the promised land always just over the horizon. | fenners66 | |
10/3/2022 09:06 | and the 2nd part (income from sand @$10m per yr) is not subject to owning TSH11. It is a seperate arrangement. This income will start to flow as soon as they have upgraded the existing Vivakor plant. | rmart | |
10/3/2022 08:55 | With those figures they could get a bank loan and buy the land, | talais | |
10/3/2022 08:52 | So, for $16.25m Greenfield own 100% of TSH11 Income from 1 yr refinery royalties @$3 per barrel on 10,000 bopd = $10m at 340 days operation. Income from Sand @$20 per ton on 1000 bopd production x 1.5 tons of sand per barrel of oil = 1,500 tons x $20 share = $10m per yr. $20m per yr income, less than 1 yr income to secure the site. Just get that done for starters then think about the 5000 bopd plant (if it really neccessary?). | rmart | |
10/3/2022 08:35 | Might get an media update today, | talais | |
10/3/2022 08:32 | once again, it is all about the finance. Once they own 100% of TSH11 then we fly. Even without the 5000bopd plant, just add up the income from the previous refinery deal and now this deal. Circa $20m pa income all from rents and royalties. Even just getting the finance for the remaining 90% gives us a multibagger never mind the funding for the plant. | rmart | |
10/3/2022 08:28 | No water , great news all round, and people still selling, gla | talais | |
10/3/2022 08:25 | Making excellent progress well done JP. "the Company is pleased to report that the drilling of such wells has now commenced. Initial results from the drilling have met the Company's expectations, with confirmation that no water was encountered in the target formation. Approximately 120 feet of cores have been produced so far from the first well drilled (AC1) and 80 feet of cores from the second well (AC6). The third well (AC2) is expected to be completed next week, following which tests will be conducted to confirm the oil saturation." | freedom97 | |
10/3/2022 08:19 | 0.54p to sell and 0.5615p to buy for 1 Mill online Price 0.56p and 0.58p | ducky fuzz | |
10/3/2022 08:06 | They will know from seeing the logs that they've hit the right spot, thus company expectations met. Clearly need the saturation report but all looking good right now. | stuart little | |
10/3/2022 07:53 | Presume that all the additional revenue streams form part of the funding profile for potential lenders. These would therefore have to be agreed and in place for the funding model to be accepted and signed off. Every deal makes the TSHII project more viable and in Tomco favour. | ajj2003 | |
10/3/2022 07:50 | So on the back of this rmart share price up or down today lol? | ducky fuzz | |
10/3/2022 07:47 | Exactly Stuart ..5 year agreement with option to extend on land we have paid 10% for with 90% due by the year end ..subject to the finance deal Finance deal announcement must be close | jaynealex | |
10/3/2022 07:42 | The 50% from the sand is not dependent on owning the site. Just the rental part is. | rmart | |
10/3/2022 07:41 | It's an assumption right now but they wouldn't be signing up these extra revenue creating projects without confidence of securing the remaining 90%. | stuart little | |
10/3/2022 07:33 | Lol fenners going to be in overdrive today! | rmart | |
10/3/2022 07:33 | I think that the value of the cleaned sand is the game changer for this process and Vivakors business model. It was never recognised before but, as Zac said, is the most profitable part of the game. | stuart little | |
10/3/2022 07:32 | Maybe the finance people wanted this in place first? | rmart |
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