Tomco Energy Share Discussion Threads

[ajj2003] 18/4/2022 10:56

Certainly a good time to break company making news Goulding. Four projects in play and great partners in Steve Byle, Valkor, Heavy Sweet Oil, Vivakor and the third party refinery player so onwards and upwards as they say ;)

[goulding1215] 18/4/2022 09:35

Mid-Cap Energy Stocks Are Outperforming Supermajors

By Alex Kimani - Apr 17, 2022, 4:00 PM CDT
The run-up in oil prices in recent months has been a boon for the oil and gas sector.
Supermajors have seen their share prices climb consistently.
Mid-caps, however, are outperforming, seeing oversized gains despite less analyst coverage.

Come on TOM, let’s get on with it, all in your favour.

[ducky fuzz] 16/4/2022 15:52

Thanks Talais .. reads well.

[talais] 16/4/2022 15:03

Vivakor rns yesterday The State of Utah has, according to the U.S. Geological Survey, approximately 14 billion barrels of measured oil in place with an additional estimated 23 to 28 billion barrels of oil contained in contaminated oil sands that are deposited near the ground surface. We believe that the crude from these oil sands can be turned into asphaltic cement for making roads, or upgraded for polymers or fuel. Vernal is the county seat, and largest city in Uintah County, located in northeastern Utah, approximately 175 miles east of Salt Lake City, and 20 miles west of the Colorado border. In June 2021, we entered into an agreement with the owner of such parcel of land that permitted us to continue to operate on the land on a month-to-month basis. In March 2022, we entered into a land lease with the land owner for a five year term, with an optional 5 year extension, allowing us to process up to 2,000 tons per day of oil sand material, with a guarantee by the land owner to deliver material with a minimum of 10% hydrocarbon by weight, which would produce up to 200 tons of asphalt cement product per day when processed through four of our patented RPCs. The Vernal property contains approximately 100 million cubic yards of oil sand material available for processing. The property is located on approximately 600 acres. We believe that we could ultimately recover as much as 40 million barrels of oil from this property as a whole if we are able to economically scale our operations and obtain further land leases from the land owner. We believe, based on the number of estimated barrels of oil contained in oil sands deposits located on SITLA property, that if the State of Utah would allow us to process the oil sand material on these properties over the next thirty years that we would need as many as 100 RPCs to process the oil sands deposits owned by the State of Utah. 5 Material extracted from our Vernal, Utah project can be sold for energy or converted into asphaltic cement, which we believe is less affected by daily changes in oil prices. With our one RPC unit, assuming full utilization, we anticipate producing approximately 50 tons of asphaltic cement per day. We anticipate that we will be able to sell our asphaltic cement for, referencing present pricing, approximately $450 per ton.

[fenners66] 16/4/2022 13:58

Vauch
15 Apr '22 - 18:49 - 26544 of 26546
" unless this co is now pegged on some way with PQE deal."

Ironic that a TOM shareholder should write about pegging , should be used to it , with more to follow....




AJJ2003
15 Apr '22 - 19:09 - 26545 of 26546
"The Petroteq saga will not hold up the Tomco funding"

True TOM is more than capable of doing that themselves....
Term sheet ?
Funds by Easter ?

LOL

[ducky fuzz] 16/4/2022 13:54

The whole strange PQE deal does seem odd doesn't it. I think it may end in tears. Not that I know of course. Just a gut feel.

[goulding1215] 16/4/2022 11:11

I agree AJJ. I hope Damac does as well.

[lopodop] 16/4/2022 09:04

SL
You are spot on re Petroteq - it will not happen!

[ajj2003] 15/4/2022 19:09

You are certainly keen to link the Tomco funding to Petroteq Vauch. Unfortunately the Petroteq buyout is dragging on again but Tomco's plans will be well advanced by that time. The Petroteq saga will not hold up the Tomco funding and the plans with Valkor, Vivakor and Heavy Sweet Oil.

[vauch] 15/4/2022 18:49

Well time will tell but the proceeds from PQE when it arrives wont be going into Tom as this should have moved up by then, unless this co is now pegged on some way with PQE deal.

[fenners66] 15/4/2022 18:03

Meanwhile the suspended company which we know has been short of funds for a long time....
stays in existance.. ?

How much would this accumulated pile of losses be worth if bought from an administrator...

If it looks too good to be true....

[1dutchman] 15/4/2022 11:40

This has got Bumpkin written all over it. But given the shares are suspended, it is tough to see the play. How are over-extended PQE founders and insiders benefiting? Indeed, caveats abound. Viston's ultimate get-out-of-jail-free card remains the clause buried in the offer noting that it will still go ahead -- if the Offeror having determined, in its reasonable judgment, that no Material Adverse Effect exists --. Ironic. Do you suppose they went through the exercise of determining that a Material Positive Effect exists?

[thrgef] 15/4/2022 09:12

So certain filings have only just been made and therefore clearance hasn't yet been given relating to the US national security regulations.

[fenners66] 15/4/2022 08:50

Re PQE

"The Offer is open for acceptance until 5:00 p.m. (Toronto time) on June 17, 2022, unless the Offer is extended, accelerated or withdrawn by the Offeror in accordance with its terms."

Still got that Caveat

[stuart little] 15/4/2022 08:46

Vauch, I hate to say it, and I hope I'm wrong, but it appears they are taking the mickey a little! Fingers crossed for you guys but my opinion is it won't be a positive outcome. Of course it is only my opinion!

[vauch] 15/4/2022 08:18

Viston United Swiss AG Provides CFIUS Update In Connection With All-Cash Offer To Acquire Petroteq Energy Inc.; Extends Offer

CFIUS clearance process moving forward
Time for acceptance of the Offer has been extended to June 17, 2022

[vauch] 14/4/2022 16:27

Most likely Ducky so I took another 500k

[ducky fuzz] 14/4/2022 16:12

I'm surprised we haven't been told what the exploration well results have shown us. I do feel they are now waiting for the funding confirmation before announcing both together.

Fully appreciate that funding isn't certain but feel there will be a positive outcome. Hope so anyway of course.

Will we hear during the week after Easter? DF

[1dutchman] 14/4/2022 13:35

All of which is why funding TSII and a CORT plant has been so difficult. Being an unproven process, any investor putting up the funds for a CORT plant would require some sort of guarantee from the technology provider – in this case, presumably Petroteq or Valkor – that the process will be commercial and produce as stated on the label. With neither Petroteq nor Valkor (or Tom) able to provide that guarantee, CORT is dead in the water unless a new owner (Viston?) can provide its own funding or similar guarantees.

[1dutchman] 14/4/2022 13:33

Re: YahooPaul – what does it mean for the CORT process to have been ‘certifiedR17;? Effectively, Big Kahuna assessed the inputs and outputs and checked the box that, yes, those inputs and outputs total up. But they did not say that the process is proven or commercial. They cannot say that because IT HAS NOT BEEN PROVEN. Valkor got nowhere near achieving their own targets (250 bpd followed by 500 bpd) for showing that the process could be expanded and made commercial. When the going got tough, they simply moved the goal-line and said they were happy with the results. Which happened to coincide with the funds running short for their testing efforts. And what has been patented? A process that hasn’t been proven? A ‘secret sauce’ that is the solvent that separates the oil from the sands? Speak to any refiner who has been tasked with cleaning tar out of the bottom of crude tanks. A process which goes by the somewhat strange name of ‘rosey bottoms’ (refiners have a strange sense of humour). The solvent used for that process is no secret. It is common industry practice and no patent would stand up to the challenge. So please understand your facts before labelling folks as disingenuous. IF the deal completes, Viston was sold a pup.

[vauch] 14/4/2022 08:08

Lets hope so Stuart as it is long overdue.
I Hope so also Ducky as it has been a long drawn process and with the exchange rate as is then it would mean another 4k as the rate is better than two month ago

[stuart little] 14/4/2022 07:26

An update is due here now. I believe Mr P returns from Utah next week, therefore most likely a Board meeting to formally update the Directors followed by progress report to shareholders later next week. I think he's been out there 6 weeks so hopefully he should have plenty to report!

[the diddymen] 14/4/2022 07:07

...and no RNS again today.

[paulfromyahoo] 14/4/2022 00:55

The PQE process has been proven viable and independently certified. Suggesting otherwise is at least a mistake, if not disingenuous. And assertions notwithstanding, patents do have value and have legal recourse.

[the diddymen] 13/4/2022 23:13

Fenners I did not comment on Ducky's statement. I agree that they will be lucky to get away with $175 on the CORT only; it does not include the development of the oil wells.
The story of TOM has run for many years but the die is now cast. First up is the drilling results, then they will need to raise finance against those results to develop the wells, but the backdrop is of an uncertain process and the critical role of Valkor. CORT is pie in the sky until they have some revenue.

If anything fails now it is curtains.