Tomco Energy Share Discussion Threads

[ajj2003] 11/4/2022 18:12

So that is three $10 000 a month deals we have so far.

Kitty starting to build with $30 000 a month and counting ;)

[ajj2003] 11/4/2022 18:06

Forgot all about this from January and ties in nicely with today's announcement.

IN BRIEF: TomCo Energy to provide services to Heavy Sweet Oil
Wed, 26th Jan 2022 19:13

TomCo Energy PLC - oil explorer in Utah - Enters agreement with US-based oil & gas firm Heavy Sweet Oil LLC, to assist the company with permitting and government relation for its planned drilling programme near the D Tract of the Tar Sands Holdings II LLC in the Uinta Basin, Utah.

Heavy Sweet Oil will pay TomCo USD10,000 per month for its services, starting from January 1.

Current stock price: 0.48 pence

12-month change: down 2.0%

By Dayo Laniyan; [e-mail]

Copyright 2022 Alliance News Limited. All Rights Reserved.

[thrgef] 11/4/2022 17:56

Our time is coming..

[busamitch] 11/4/2022 15:55

Petroteq Announces That One Of Its Largest Shareholders Has Tendered Shares In Takeover-Bid From Viston Swiss United AG

[sd88] 11/4/2022 15:52

And there's the RNS from the largest holder both confirming they've tendered and surety of fully diluted number of shares. All that's needed now is CFIUS acceptance. I'm sure someone with 100m+ shares will know what's what

[ajj2003] 11/4/2022 15:13

Good discussion on the LSE thread from Crownos, worth a read.

[ttboy72] 11/4/2022 13:36

Yes but the other 2 agreements are hopefully Morocco and MSC shipping,

[sd88] 11/4/2022 11:34

F66 - only way Viston could walk would be if PQE were not providing info to appease conditions in the takeover doc. Now that AB has confirmed the tender of his shares as well as BOD confirmation they're now assisting, I can't see why there would be - if they've submitted CFIUS as published in Feb then there's a defined timeline. If CFIUS sees no need for investigation due to Viston being an enemy of the state then it'll go through

[fenners66] 11/4/2022 09:33

I see the La La's have picked up Valkor is sending a "Sample" to Quadrise.

So the sample sent from Valkor /Tom is not conclusive ?

However it does suggest the reasoning why Valkor has left Greenfield
they are pursuing their own agenda which obviously they think has more miles than Greenfield....

No doubt they will still see this as "good news"
It's not a beauty contest , it business.

[ajj2003] 11/4/2022 09:21

This is the first of three agreements Quadrise are looking to sign this month from their recent investor update

[ajj2003] 11/4/2022 09:16

Quadrise Fuels International PLC Commercial Development Agreement with ValkorSource: UK Regulatory (RNS & others)TIDMQFIRNS Number : 9285HQuadrise Fuels International PLC11 April 202211 April 2022Quadrise Fuels International plc("Quadrise," "QFI" or the "Company")Commercial Development Agreement with Valkor Technologies LLCQuadrise is pleased to announce the execution of a phased Commercial Development Agreement ("CDA") with Valkor Technologies LLC ("Valkor") headquartered in Park City, Utah, to commercialise Quadrise's MSAR (R) and bioMSAR (TM) technology at Valkor's projects in Utah state in the USA.Under Phase 1 of the CDA, to be completed by 30 June 2022:-- Valkor will deliver a crude oil sample from a heavy oil asset in Utah in which they have an existing equity interest (the 'Primary Project') to Quadrise.-- Quadrise will perform analysis and testing on the sample to confirm that it is suitable to produce MSAR (R) and bioMSAR (TM) . -- Quadrise and Valkor will together and in the same time frame: o Negotiate supply agreements with identified target consumers of MSAR (R) and bioMSAR (TM) fuel to be produced by the Primary Project .o Finalise the technical and operational requirements and commercial terms for license and supply of QFI technology.Full commercial terms for an MSAR (R) and/or bioMSAR (TM) License and Supply Agreement at the Primary Project would then be concluded no later than October 2022.Under Phase 2 of the CDA, following the conclusion of a License and Supply Agreement covering the Primary Project, Quadrise intends to grant Valkor exclusive terms over the deployment of QFI technology in the State of Utah. This is expected to take the form of further Licence and Supply Agreement(s) or Tolling Agreement(s) for projects on which QFI technology is proposed to be deployed.Net profits generated under the License and Supply Agreement(s) or Tolling Agreement(s) are to be shared between Quadrise and Valkor, based on the respective contribution by each party to the deployment of QFI technology for each project.Jason Miles, CEO of Quadrise Fuels International, commented:"The need for more economical and lower carbon industrial and marine fuels has never been more apparent. Quadrise is delighted to have executed this agreement and looks forward to working expeditiously with the Valkor team to conclude commercial agreements for supply of MSAR (R) and bioMSAR (TM) for identified projects."Steven Byle, CEO of Valkor, added:"We are delighted to work jointly with Quadrise to secure high value opportunities for our Utah heavy sweet oil projects, following the successful testing completed on oil sands samples from the pilot plant last year. The supply and licensing of MSAR(R) technology in Utah is conditional on securing the first opportunity for fuel supply and offtake, and we look forward to working closely with Quadrise during the coming months on this commercial opportunity."

[vauch] 11/4/2022 08:22

4 days and closing.

[the diddymen] 10/4/2022 12:29

F66, it sounds as if it is not closed loop then!

[fenners66] 10/4/2022 10:29

As for the Petroteq purchase at 1000% more than the market price.....

My guess there will be another "mysterious delay "

[fenners66] 10/4/2022 10:28

The first time I have read this -

"Petroteq's system is closed loop in nature, meaning that +95% of the solvents used in the extraction process are recovered, recycled, and reused while roughly 5% remain within the oil that's extracted."

Previously it was declared that it used zero solvent (which I never believed)
Now if you run the process 20 times it will use 100% solvent
So there is a solvent cost .

More costs to appear I'm sure.

Furthermore the article says they proved it works last September..... that's at odds with what we were reading earlier.
However it has not achieved the 500 bpd it was supposed to...

[the diddymen] 09/4/2022 19:48

Goulding just to remind you about the last time you invested in a patented wonder fuel - that just add water one(CICF), all the assets disappeared - hardly surprising.

[lopodop] 09/4/2022 14:35

Well it boils down to directors relying on the naivety and carelessness of investors across a wide spectrum. As has been postulated time after time, this comedy may be allowed to subsist for years without a bean of income and ever increasing costs.
It could be referred to as TOM's disease which although not as nasty as covid somehow infects investors and for which there is no cure.

[goulding1215] 09/4/2022 14:04

Wow! Sounds exciting. It sounds like a good reason for delày in the rns regarding finance. TOM looks like winner all-round, although not mentioned in the article, but using the same extraction operations.

[talais] 08/4/2022 20:36

Must read, missed it earlier FN Media Group Presents USA News Group News CommentaryVANCOUVER, BC, April 7, 2022 /PRNewswire/ -- USA News Group –US President Joe Biden is calling for a return to US energy independence for the first time during his presidency, in response to surging gas prices and global supply challenges. The US officially became a net exporter of oil back in 2018 under the previous administration, for the first time in over 75 years. However, under today's challenging times, prices are through the roof, and once again domestic production is being called upon to help lessen the impact of the price shocks. This time, solutions will require innovative efforts from across the spectrum, including from technology developed by Petroteq Energy, Inc. (OTCPK: PQEFF), transportation from Canadian Pacific Railway Limited (NYSE: CP) (TSX: CP), biofuel production from groups like Green Plains (NASDAQ: GPRE), and greener production from producers such as TotalEnergies SE (NYSE: TTE) and Clean Energy Fuels (NASDAQ: CLNE).A breakthrough technology that's presenting a potential game changer in US energy security is being developed by Petroteq Energy, Inc. (OTC: PQEFF), known as Clean Oil Recovery Technology (CORT).By enabling production from oil sands without using water during the extraction process, CORT comes with significant environmental advantages over historical production methods. Last September, Petroteq proved CORT could produce from oil sands ore. So far as a result, neither wastewater nor tailings ponds are created from the process.According to Petroteq in a statement based on the results: "Confirmation that heavy oil extracted from Utah oil sands using our CORT process is suitable for production of MSAR® and bioMSAR™ fuels could allow for the production of fuel and biofuel with significant environmental benefits, while creating a higher value product stream for Petroteq's future commercial production."Petroteq's system is closed loop in nature, meaning that +95% of the solvents used in the extraction process are recovered, recycled, and reused while roughly 5% remain within the oil that's extracted.Already CORT has drawn plenty of outside interest, including that of ESG-focused equity firm Viston United Swiss AG, which made an offer to buy Petroteq, giving a valuation more than 10x higher than its 52-week volume weighted average was prior to the offer."We are particularly pleased with the recognition this shows of our technology which we have taken from inception to commercial viability as a one of its kind in oil sands eco-friendly, green extraction," said former Petroteq Chairman and CEO, Dr. Gerald Bailey at the time of the offer, who retired in January. "We had always forecast a great future. However, we respect the value of this offer to shareholders and if it can be achieved it will reward our many dedicated supporters."The offer itself is valued at a considerable premium over the market price, with a 100% all-cash consideration of ?C$0.74 ?per common share. Meanwhile, through its US shares on the OTC under the PQEFF symbol, shares of Petroteq are trading around US$0.375 (C$0.474) on March 30, 2022. At that price point, the C$0.74 (~US$0.59) still represents a potential 56% premium over the more current trading price.Originally made in April 2021, Viston's premium price offer gave a valuation of Petroteq stock with a 1,032% premium over that 52-week volume weighted average while also giving approximately 279% higher than the closing price of the Common Shares on the TSX Venture Exchange on August 6, 2021.Reaction to Viston's offer has been favorable across the Petroteq team, with its Board Members sharing their unanimous intention to tender their shares, as well Petroteq's Founder, Former Chairman and CEO Alex Blyumkin also announcing his support for the takeover bid.A third-party cash flow analysis was run by Broadlands on a pre-income tax basis, at discount rates of 0.0, 7.5 and 15%. Their results showed potential economic benefit in the base case of a Net Present Value (NPV) of $1.285 billion, $602 million, and $341 million, respectively."Broadlands' evaluation report provides the potential economic benefit from the sale of sands is significant and provides an attractive enhancement to the value of the extraction process further enhances the forecast value of the Petroteq extraction technology," said Petroteq's CTO and Interim CEO, Dr. Vladimir Podlipsky. "The Petroteq operation can produce "green" energy with high quality oil extraction, while also remediating the oily sand and turning it into a useable, marketable resource."This economic analysis of CORT focused on the markets available for the sale of the three categories of by-product sands. Broadlands noted that an extraction plant producing 5,000 bpd could (as estimated by Petroteq) be capable of yielding 6,000 tons of sand per day or 1,860,000 tons per year (based on 310 operating days per year and operating 24 hours per day), and that silica flour is postulated to be 15% of the saleable product, fracking quality sand 55%, and bulk sand 30%.The economics of frac sand check out, according to executives at Canadian Pacific Railway Limited (NYSE: CP) (TSX: CP), who told investors earlier this year that it "can't move as much frac sand as the demand is out there."In order to open up more domestic reserves for production, it will likely entail more fracking, which in turn requires the right quality of sands to carry out. Canadian Pacific Railway's sand business is already up slightly based on the rise in oil prices.However, it didn't help business when the rail company was involved in a lengthy labour dispute with the Teamsters Canada Rail Conference (TCRC), until late March when it finally agreed to reach an agreement through binding arbitration."CP is pleased to have reached agreement with the TCRC Negotiating Committee to enter into binding arbitration and end this work stoppage," said CP President and CEO Keith Creel. "This agreement enables us to return to work effective noon Tuesday local time to resume our essential services for our customers and the North American supply chain."In the biofuels industry, Green Plains (NASDAQ: GPRE) expanded its patent portfolio through its subsidiary Fluid Quip Technologies through the acquisition of a family of patents from AB Agri."As the leading technology provider to the biofuels industry, we have been focused on both developing and discovering great technologies to enhance the base ethanol facility," said Neal Jakel, Managing Director at Fluid Quip Technologies. "Our deep intellectual property portfolio along with the latest issued patents combined with the suite of AB Agri patents, adds incredible breadth to our existing technology portfolio."The entire patent family is extensive and encompasses multiple countries around the world, including the U.S., Canada, Australia and a majority of the EU markets where FQT currently has technology installations. French-based oil giant TotalEnergies SE (NYSE: TTE) is quite active in the United States, not only as a big player in the Barnett Shale, but also through its involvement in biomethane production. Back in November of 2021, TotalEnergies announced the construction launch of its first biomethane production unit with US partners Clean Energy Fuels (NASDAQ: CLNE)."We are pleased to consolidate our entry into the U.S. biomethane market by jointly developing this first production unit on the Del Rio Dairy farm, through our joint venture with Clean Energy," said Laurent Wolffsheim, Senior Vice President Green Gases & Growth at TotalEnergies. "This project marks another step in TotalEnergies' transformation into a multi-energy company, and in the implementation of its ambition to be a major player in renewables."According to the release, by processing cow manure, a significant source of methane emissions, and substituting fossil fuels with renewable energies, the project will avoid some 45,000 tonnes of CO2 equivalent emissions per year. Through the acquisition of an interest in Clean Energy in May 2018, TotalEnergies became the largest shareholder of the U.S. leader in natural gas vehicle fuels-today holding a stake of 19%

[ajj2003] 08/4/2022 17:19

I would certainly hope that the Biden administration would firmly back some degree of grant funding for a breakthrough CORT plant, given the potential positive impact it may have for the US oil industry ;)

[vauch] 08/4/2022 16:41

Maybe Bides government would fund the first 5000 plant for TOMCO

[mashman] 08/4/2022 16:25

My buy just went through as a sell at 0.4744

[vauch] 08/4/2022 16:25

www.prnewswire.co.uk/news-releases/oil-and-gas-tech-innovation-and-biofuels-needed-to-return-the-usa-to-energy-independence-again-854621562.html

[vauch] 08/4/2022 16:23

Was this posted yesterday.
FN Media Group Presents USA News Group News Commentary

VANCOUVER, BC, April 7, 2022 /PRNewswire/ -- USA News Group –US President Joe Biden is calling for a return to US energy independence for the first time during his presidency, in response to surging gas prices and global supply challenges. The US officially became a net exporter of oil back in 2018 under the previous administration, for the first time in over 75 years. However, under today's challenging times, prices are through the roof, and once again domestic production is being called upon to help lessen the impact of the price shocks. This time, solutions will require innovative efforts from across the spectrum, including from technology developed by Petroteq Energy, Inc. (OTCPK: PQEFF), transportation from Canadian Pacific Railway Limited (NYSE: CP) (TSX: CP), biofuel production from groups like Green Plains (NASDAQ: GPRE), and greener production from producers such as TotalEnergies SE (NYSE: TTE) and Clean Energy Fuels (NASDAQ: CLNE).

A breakthrough technology that's presenting a potential game changer in US energy security is being developed by Petroteq Energy, Inc. (OTC: PQEFF), known as Clean Oil Recovery Technology (CORT).