Tomco Energy Share Discussion Threads

[thrgef] 28/3/2022 23:10

It was a rollover. The rest were buys

[cheshire2] 28/3/2022 20:14

or bed and isa before end of tax year

[pooler1] 28/3/2022 19:29

Rollover I'd say.

[talais] 28/3/2022 18:25

Two 6mil late trades

[vauch] 28/3/2022 17:32

Yep but it is a shame we have not been paid yet

[busamitch] 28/3/2022 16:58

Big Takeovers Yielding Big Premiums on Acquisition Prices So Far in 2022

USA VANCOUVER News Group – After M&A activity rose by 64% on the previous year, 2021 set a record last year with a massive $5.9 trillion in deals. Now analysts at Morgan Stanley are projecting 2022’s M&A Outlook will show continued strength after 2021’s record year. So far in 2022, this wave of takeovers with premium prices includes the acquisitions of Alleghany Corporation (NYSE:Y) by Berkshire Hathaway Inc. (NYSE:BRK-A, BRK-B), Mandiant, Inc. (NASDAQ:MNDT) by Alphabet Inc. (NASDAQ:GOOG, GOOGL), and Petroteq Energy, Inc. (OTC:PQEFF) (TSXV:PQE) by Viston United Swiss AG.

Seeing value in its operations supporting cleaning up the oil and gas industry in North America, Viston United Swiss AG made a premium offer for clean technology company Petroteq Energy, Inc. (OTC:PQEFF) (TSXV:PQE).

[ducky fuzz] 28/3/2022 16:43

Hi Zoo .. Nearly all our trades today are sells. Maybe someone had placed a large buy order.

The big news share price wise is of course the funding. Which if it happens will do to our Sp what Viagra does for the old folk.

[zooskeeper] 28/3/2022 16:29

Didn’t push it far - really starting to feel like pushing water up hill!?

[ducky fuzz] 28/3/2022 16:22

3 buys totaling 7.5 Mill just gone through and pushed our Sp up. NICE !!

[ducky fuzz] 28/3/2022 16:20

When are our Interim / Final results due Stewy?

[stuart little] 28/3/2022 16:18

I'm not a gambling man. :-)

[the diddymen] 28/3/2022 16:10

Each to their own Stuart, but in my view shareholder sentiment is particularly relevant to a company such as TOM. It was a proverbial hat by the way!

We will see but I would wager that TOM will make use of the extension.

[ducky fuzz] 28/3/2022 14:58

TSHII Drilling Update .. FROM THURSDAY 10 MARCH 2022

Further to the Company's announcement of 10 February 2022 that the permits required from the Utah Division of Oil, Gas and Mining to drill three exploration wells on the TSHII site had been received by Greenfield's wholly owned subsidiary, AC Oil LLC, 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.

++++++++++++++++++++++++++++++++++++++++++++

So "next week" = 14th to 18th March will complete the 3rd well.

So I would hope that we will get results this week.

Course I know TOMco aren't reliable on timescales. So no news won't surprise me.

[stuart little] 28/3/2022 14:38

If I am correct I shall be here for the hat scoffing ceremony.

[stuart little] 28/3/2022 14:36

It's fairly normal for interims/finals to drop on last possible day. I don't think they'll use the extension by the way but of course we both have no insider knowledge of this, just our previous experiences. (I know the question wasn't directed to me!). :-)

[stuart little] 28/3/2022 14:33

To be fair it was your good self that initiated the volume of posts v company sentiment point. Pointing out that a drop in posts over the other side meant all was not well. I was merely pointing out how stupid the initial post was. That's all.

[the diddymen] 28/3/2022 14:32

PaulfromYahoo

Don't feel obliged to visit this side of the fence, but in the mean time we will probably continue to comment.

While you are over here, you might like to comment on whether TOM should use the 3 Month covid extension for filing accounts. Given that the audit is straight forward because there is no substantive Balance Sheet they do not need the time. Equally you would think that a binding heads of terms for the financing package would be prima facie evidence of going concern - but we have not seen it yet.

3 days to go but in accounting terms that is to the wire.

[the diddymen] 28/3/2022 14:23

A few assumptions there Stuart!

No point posting too much at the moment on XTR. I am only interested in the conceptual pit and evidence of value. There has clearly been a buyer in the last few weeks and that has kept the price honest. Day by day trading observations add little unless there is a pattern.

I will probably post again when we see where the next pads are (SSW and further exploration of Ascot I would hope), some decent assay results or updates on monetisation of the African resources.

[paulfromyahoo] 28/3/2022 13:51

If the company is a basket case, why do you come back here all the time to post? Surely your time has some value.

[stuart little] 28/3/2022 13:23

No posts on the XTR board for 3 days. Working on 'others' bulletin board chitty-chat barometer, all the regular contributors must have realised the company is a basket case. That's how it all works apparently.

[fenners66] 28/3/2022 11:44

Add anther name to the list from the other thread.


Quadrise

"The group recorded a loss of £1.5mln for the six months to 31 December 2021, versus a loss of £2.3mln the year before. "

"The company's cash balance of £5.6 million at 31 December 2021 is sufficient to reach revenue generation in the second half of 2022 subject to the conclusion of commercial project agreements."

Subject to .... they will burn through £5.6m by the second half.

Another desperate to keep the gravy train rolling "administration expenses of £0.7mln" in 6 months so a run rate of £1.4m a year for a loss making company.....

All it takes seemingly is narrative...

[the diddymen] 28/3/2022 11:12

Jaynealex on the optimistic thread:

"No doubt , this being Tom , we'll all be suprised at whatever the news is !"

The only surprise on this side of the fence will be if TOM manage to raise the $175m. In our view this is unachievable.

[ajj2003] 28/3/2022 10:54

Quadrise Fuels says oil price hike strengthens the case for more efficient use of hydrocarbons

BioMSAR testing continues to generate highly promising results with further development and test work planned for 2022, Quadrise said

Quadrise Fuels International PLC (AIM:QFI) said the rise in crude oil prices in the wake of Russia's invasion of Ukraine is positive for the company.

In its interim results statement, the alternative fuels supplier said the demand for heavy fuel oil (HFO) in the power and marine sectors has remained strong, with the latter driven by the increasing use of exhaust gas cleaning systems to comply with IMO 2020 (regulations on sulphur oxide).

Quadrise expects that distillate fuel demand will continue to recover in 2022 driven by the transportation sector. This will be positive for refinery margins and the HFO-distillate spread, underpinning the economic value of refinery residuals as an energy source for Quadrise’s MSAR and bioMSAR in its key markets.

The publicly supported global energy transition towards the adoption of renewables and low emission fuel options is accelerating interest in bioMSAR and increasing the market opportunity in various sectors, Quadrise added.

During the next 12 months, the company plans to demonstrate the long-term economic and environmental benefits of MSAR and bioMSAR projects through commercial-scale trials which, on successful completion, will lead to supply contracts and commercial revenues. In parallel, it will focus on identifying and developing new net-zero fuel solutions, as well as looking into opportunities to deploy its MSAR emulsion technology platform in new applications.

The company's cash balance of £5.6 million at 31 December 2021 is sufficient to reach revenue generation in the second half of 2022 subject to the conclusion of commercial project agreements.

Non-project cash expenditure is currently around £240,000 per month.

The group recorded a loss of £1.5mln for the six months to 31 December 2021, versus a loss of £2.3mln the year before. This included production and development costs of £0.7mln (2020: £0.6mln) and administration expenses of £0.7mln (2020: £0.8mln). The prior year's loss of £2.3mln also included a non-cash fair value loss arising on the valuation of convertible securities of £0.7mln.

"Increases in both energy prices and volatility exacerbated by Russia's invasion of Ukraine have further emphasised the reliance that the global economy has on fossil fuels and the need to more efficiently utilise hydrocarbons as the world transitions towards a Net Zero future. The focus on large scale and immediate Net-Zero carbon solutions to climate change often underplays the valuable and critical role that must be played by transitional technologies such as Quadrise's. Our proven MSAR and low carbon bioMSAR technologies are available immediately and can generate both cost and emissions savings for adopters without the need for large scale capital investment,” declared Jason Miles, the chief executive officer of Quadrise.

“Quadrise has progressed a range of its core projects and business opportunities during and following the period, underlining the advantages of our strategy of pursuing a diversified range of projects; however, progress in converting these projects to agreements has been slower than anticipated, largely due to factors beyond the direct control of the company,” Miles said.

“During the year, opportunities which maximise our ESG [environment, social, governance] credentials will be prioritised. We expect to continue to develop the next generation of bioMSAR and Net Zero energy using our innovative technology platform, as well as investigating complementary opportunities,” Miles concluded.

[fenners66] 28/3/2022 09:47

Seems the series of non-binding maybe sometime , maybe never , murky deals between a number of players , none of which has already established a profitable business and cash flow , all looking for ways to finance anything to keep their dreams alive , are just more obfuscation.

If everything were to work and nobody had to pay for anything ....but this is real life.
TOM has raised and spent cash.
Valkor has spent TOM's cash
PQE has spent all their cash
Vivakor raised and spent their cash and would love to spend someone else's - they lose $2m a year.


With that background - TOM want to raise more finance.
Adding more fuel to a fire that has burned $100's m already.

Trying to avoid the idea of they are setting out to raise $175-200m for a CORT plant - which from the Vivakor discussion already appears to be redundant.

It's not going to happen imo. But I always said that.

[jaynealex] 28/3/2022 09:19

Well this is Tom , it won't be what you're expecting would be a good bet

So many positive things have come out of the woodwork since it was .. pay the outstanding for the lease and raise the capital for the 5000 brl/ day plant

And maybe those other developments that in themselves could improve short/ medium term cash flow and share price ..mean we re-started finance negotiations to get a better deal or maybe we're going to just buy the lease option , get some of the cash flow and share price movement underway ..before we go for the big finance deal

All being driven by a long term objective of maximising SP

I've always thought any group providing 100 m + finance to a company capitalised at say 10 m is going to want alot more than just interest

So maybe with all this stuff in the mix ..the "delay" is all about more robust negotiations or a change in the plan

No doubt , this being Tom , we'll all be suprised at whatever the news is !