Tomco Energy Share Discussion Threads

[stuart little] 14/3/2022 09:05

We no longer need to go from 0-100 in one project (cort). Build revenues, relationships, confidence then go for the golden egg project.

[vauch] 14/3/2022 09:00

So what have we.
Turboshale
RF
PQE Cort multi licence
MSAR & BioMSAR
Wells on site
Refinery
Viavidam road tar and sand
$10000 a month consultants fee.

Have I missed any?

[foxm] 14/3/2022 08:55

rmart, I was thinking exactly the same as you, I was wondering if Vivakor had created a similar system to PQE, only much cheaper. But I think they're more or less the same price.

This recent link



says "It costs about $6.25 million to build each system and Vivakor generates around $5 million on average in top-line revenue per machine."

and this older link



says that each RPC, producing 250 barrels a day, "can generate potentially anywhere from $4 to $6 million in top line revenue per year, per machine."

The figures are almost identical, so it looks like the $6.25 million will get you a 250 bpd RPC, so 1000 bpd would be 4 separate machines, costing $25m. 5000bpd would be $125m, so slightly cheaper than PQE for 5,000 bpd, but not when the CORT system is upgraded to 10,000 bpd.

[joeblogg2] 14/3/2022 08:53

yes stuart as we have found with TOM over the years!!!

[stuart little] 14/3/2022 08:52

Things are looking very positive but there are no "no brainers" on AIM.

[talais] 14/3/2022 08:47

And if we find a large deposit of silica sand which is worth more than oil, if everything falls into place the could be share of the year, gla

[talais] 14/3/2022 08:37

It's a no brainier,

[rmart] 14/3/2022 08:36

yes and we then take 50% of the sand revenues. Easy money and on top of the refinery income.

[talais] 14/3/2022 08:32

Get the land paid for so we have 100%, and I said a few days ago we might not need petroteq technology now, could have three of these up and running by year end, and Vivakor will supply and pay for them, we just supply the oil sands

[rmart] 14/3/2022 08:27

I am sure we are going to get news soon on the final drill results and all of that is looking great for near term production.

I am just wondering why we now need $145m of funding when these Vivakor plants capable of 1000bopd equivalent are $6m each.

So we could get to 5000bopd for $30m not $145m and we can do it in stages.

All based of course on Vivakor licencing the tech out.

IMO focus right now should bo on securing the $16m for the land final purchase.

[talais] 14/3/2022 08:26

Nice video, and the solvent is 100% recyclable,

[rmart] 14/3/2022 08:22

This applies equally to Tomco.



by vivadmin
March 13, 2022
0 likes

Oil prices have now reached their highest levels since 2014. Driven to over $100 dollars per barrel, investors fear significant supply chain issues as Russia becomes increasingly isolated. With the country providing 10% of the world’s oil, a large decrease in oil supply would be a significant hit to the global economy.

In light of the combined stress on markets from both sky-high oil prices and a significant scarcity of asphalt, Vivakor’s mission and technology become even more important.

Vivakor’s Remediation Processing Centers (RCPs) clean up soil and sand contaminated with hydrocarbon material, producing heavy crude that can be used for asphalt or other purposes. Our RPCs have the ability to process 20 – 40 tons of material per hour, resulting in 250 barrels of heavy crude oil per day.

Not only are RPCs efficient producers, but they are one of the few environmentally friendly means of oil sands remediation. Historically, oil sands mining has been viewed in a negative light because it emits three to four times more greenhouse gases than other methods of oil production, but our RPCs do not.

In fact, Vivakor’s Remediation Processing Centers are entirely closed-looped, preventing the emission of carbon into the atmosphere. Not only is our extraction process clean and environmentally friendly, but we are turning waste into a usable product. In many instances, if we do not clean up hydrocarbon contaminated material, it simply gets deposited into a landfill. Our remediation process permanently cleans it up. From every angle, Vivakor impacts the environment for good.

While the state of today’s markets is distressing, Vivakor is uniquely positioned to succeed and fulfill our vision of environmentally friendly oil sands extraction while creating a new supply of asphalt and energy to meet an ever-growing demand.

[rmart] 14/3/2022 08:12

well worth a watch of video 1.

[mashman] 13/3/2022 20:25

As an aside I have noticed that this unfortunate war has caused a shift in sentiment {positive) towards fracking, shale and tar sand extraction and the realisation that 'homegrown' oil has become more important, regardless of how green it is.

[fadec92] 13/3/2022 17:34

There is a suitable resource in place on the Temple Mount leases 2,542 acres of mineral leases a NI 51-101-compliant Contingent Resources report establishes a Best Estimate of discovered bitumen initially-in-place of 87,495,000 STB

The reason is that it was not cost effective to remove the overburden to a plant that wasn’t producing much.. as it was about proving the concept which they achieved without overspending on mining another area there was no need, they said that they were unsure of spending on the full bond money needed to continue there so they only bonded a small area to feed the plant but then realized the payload wasn’t there so trucked it in from the TSH II site which was good because it tested that area for Greenfield!

The demolition cost money is already with the DOGM as they need that money to return the area back to its original format

[damac] 13/3/2022 14:36

Ducky,

In my opinion it would raise serious questions for Viston to consider.

I stated back in November when the proposed lease swaps were announced that it just didn't make any sense. My main question being why would Valkor want to give up 3 leases elsewhere on Asphalt Ridge in exchange for the Temple Mine lease, which everyone knew, and by Petroteq's own admission, had run out of suitable near surface ore to be processed through the POSP plant on that site? Why would Valkor take on a lease with no suitable resource and the liability of dismantling the plant and remediation of the site?

If you remember, at the time of Petroteq making this announcement, they were in disagreement with Viston's initial valuation of Petroteq assets. Petroteq wanted to bolster their asset value to in turn try and get a better offer from Viston. I don't see the announcement from Petroteq on the proposed swap of leases at this time as being just coincidence. In my view it was orchestrated to try and bolster the asset value of the company in the eyes of any potential bidder.

Is this all behind Viston's recent delays on completing any deal? Are they now thinking what the hell are we actually possibly buying here? They will now see Petroteq as having lost their main lease some time ago, was this all disclosed to Viston? Viston now also know that there is a liability that has to be dealt with in the de-planting & remediation of the Temple Mine site.

I feel sorry for PQE holders as the whole potential Viston deal has had a bad smell about it from day 1.

[ducky fuzz] 13/3/2022 14:11

I assume Petroteq's potential bidder is aware of all of this.

Thanks damac.

[damac] 13/3/2022 14:07

See my post above yours Ducky.

I can't see how DOGM & SITLA can approve a swap of the Temple Mine lease (formally held by Petroteq) with the 3 Valkor leases that Petroteq claimed they had agreement (with Valkor) to exchange on, now that they are aware that the lease holder (A.R.I.) terminated their agreement with Petroteq in April 2020(meaning Petroteq don't hold any lease to swap).

If these 3 leases stay in Valkor's hands then there is the opportunity for Greenfield to be involved in oil sands processing operations on those 3 leases in future. So, yes, positive for Tomco/Greenfield.

[ducky fuzz] 13/3/2022 13:59

Hi Damac .. is this positive for Valkor and or Tomco?

[damac] 13/3/2022 13:54

Because Valkor are on the verge of becoming a 29% stake holder in Tomco (subject to financial closure of the funds required for our 5k CORT plant).

Valkor are portrayed as key partners to Tomco/Greenfield going forward, with Greenfield to be involved in oil sands processing on suitable Valkor leases elsewhere on the Asphalt Ridge. The fact that 3 of Valkor's leases which were previously claimed by Petroteq as being swapped to them, are now looking very likely as remaining in Valkor's possession is of big relevance to Tomco/Greenfield.

[jason_scrap] 13/3/2022 13:40

And why's that relevant here...? What's you're point damac..?

[goulding1215] 13/3/2022 05:22

We are waiting!

[ajj2003] 12/3/2022 18:04

Four potential revenue streams and counting ;)

Courtesy of damac - post #26107

How many income streams are now being developed, I'm losing track?

Greenfield 5k bopd CORT plant on TS2.

Greenfield in-situ wells programme on TS2.

Rent & royalties from 3rd party upgrading and operating the existing refinery on TS2.

Rent & royalties from Vivakor upgrading and operating the existing oil sands processing plant on TS2.

I may have a stab over the weekend at putting potential revenues against each of the above.