Tomco Energy Share Discussion Threads

[fishyneck] 28/4/2022 08:31

I crunched a few numbers last night to measure the value of the Vivakor offtake deal.

50,000t a year of asphalt annually will require approx 400,000t sands from TS2.

Vivakor to cover all mining costs and pay $3t = $1.2m

50% share of cleaned sand revenue (I don't know the yield from this so worked on 300,000t of saleable sand)

Covering the ranges of quality of sand -

Construction $20t = $6m ($3m net)
fracking $30t = $9m ($4.5m net)
and do the maths if they can sieve out a decent amount of silica at circa $200t!

So a lower end to TSH2 of $4.2m a year and an upper end could be in the region of $6-10m(depending on silica yields).

All my own opinion and assumptions.

all the best....

[wilson2] 28/4/2022 08:16

Other than Tom going bust there isn't anything else , they are Not going to produce oil ever , why is that so hard for some to see and believe

[vauch] 28/4/2022 08:04

If this drags on until the AGM now only 5 months away, it wont be a happy one thats for sure

[danmart2] 28/4/2022 07:36

Will TOmco finally deliver for shareholders?

[vauch] 28/4/2022 07:18

Two lots of interesting news, but Tom sits on the fence once again.
All potential but no actual, we have snippets from other company's with links to us but Tom as ever hold back.
Why mention the drilling core lengths and no water down hole on two drills then no info on the third.
Funding note was suppose to arrive 12 weeks ago.
John Potter it is time to get all this news out, if you want a 10mill share bonus, as long as you have got the funding over the line I would not mind the bonus but only for you not the other team members.

[fenners66] 28/4/2022 07:17

"By Easter"

Never said which Easter....

Does the second coming have an Easter as well ?

[goulding1215] 28/4/2022 05:36

American Oil Refiners Set For A Blowout Year

By Irina Slav - Apr 27, 2022, 7:00 PM CDT
Soaring fuel prices have been a boon for U.S. refiners this year.
Growing demand and tightening supply are helping push refining margins even higher.
American refiners are likely to continue seeing higher profits as Europe’s energy crisis worsens.

[talais] 27/4/2022 15:47

Vivakor annual report just outVernal, Utah Project 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.

[goulding1215] 27/4/2022 14:46

SL will they announce anything at this rate?

[ajj2003] 27/4/2022 14:44

If I remember right Vivakor deal worth £10 million plus a year to Tomco from calculations.

That is a significant de-risking of the major project if you ask me ;)

[stuart little] 27/4/2022 14:42

It would be normal for a company like tomco to announce "We note the recent announcement by Vivakor and can confirm...." But Tomco probably won't!!

[stuart little] 27/4/2022 14:40

Yes it clearly has a positive impact on tomco. Great news.

[talais] 27/4/2022 14:38

"Three additional RPCs. Are theses the three RPSs for greenfield As this is our first long-term contract for sale of our asphaltic binder, it is an important milestone for Vivakor. We have worked closely with HOT to refine our product to meet their specifications," said Matt Nicosia, CEO of Vivakor. "We have already produced tonnage of asphaltic cement with our Vernal, Utah RPC and believe that by the end of the year we will have ramped up our infrastructure to include three additional RPCs to operate the site to the level required to fulfill the full amount of material requested by HOT on an annualized basis. This could be a significant event for shareholders as this project, when fully scaled, could contribute meaningful profits."Read more: https://www.digitaljournal.com/pr/vivakor-awarded-contract-for-sale-of-asphalt-from-its-utah-facility#ixzz7RfLIEfin

[talais] 27/4/2022 14:25

It is an off take agreement that does effect Tomco,!!Be good if they do

[ducky fuzz] 27/4/2022 14:23

Do TOMco need to rns this news?

[ajj2003] 27/4/2022 14:17

This deal rubber stamps one means of long term revenue which lenders will like ;)

Another piece of the puzzle falling into place.

[ducky fuzz] 27/4/2022 14:17

That could be a lot of money IF / WHEN we get funding sorted.

[talais] 27/4/2022 14:14

10 March 2022TOMCO ENERGY PLC("TomCo" or the "Company")TSHII Lease Agreement with VivakorMoU between Greenfield and VivakorTSHII Drilling Update and Warrant Term CorrectionTomCo Energy plc (AIM: TOM), the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, is pleased to announce that the Company's wholly owned subsidiary, Greenfield Energy LLC ("Greenfield"), has entered into a Memorandum of Understanding ("MoU") with Vivakor Inc. ("Vivakor") covering, inter alia, the proposed development by Vivakor of an enhanced oil sands processing plant on the Tar Sands Holdings II LLC ("TSHII") site located in the Uinta Basin, Utah, United States and the provision of professional services by Greenfield . In addition, Vivakor has entered into a lease with TSHII covering approximately three acres of the TSHII site to accommodate its planned operations, which includes the future supply of oil sands by TSHII.As previously announced, TomCo, via Greenfield, currently owns a 10% Membership Interest in TSHII with an exclusive option, at its sole discretion, to acquire the remaining 90% of the Membership Interests for certain additional cash consideration in the period up to 31 December 2022.TSHII Lease Agreement with VivakorVivakor has entered into a renewed lease (the "Lease"), covering approximately three acres of land (the "Property"), with TSHII for a term of five years, with an option to extend for a further five years, effective from 9 March 2022, to, inter alia, accommodate Vivakor's storage needs and planned plant operations at the TSHII site.It is 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. Such upgraded plant, to be operated by Vivakor, would be designed to produce at least 1,000 barrels of oil per day or equivalent tonnage of asphalt cement.Under the Lease, TSHII shall supply Vivakor with such quantity of oil sands as Vivakor determines each month, at a set minimum saturation quality, with a maximum supply of 2,000 tons per day. Vivakor will cover the cost of mining the oil sands and will pay TSHII US$3 per ton of oil sands processed by way of a rental payment for the Lease. Vivakor has paid a US$30,000 advance against future rental payments on signing of the Lease.MoU between Greenfield and VivakorThe 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.In exchange for its services in respect of the enhancement of Vivakor's plant, Greenfield would be entitled to receive 50% of net revenues received by Vivakor for any post-processed sand material from the plant sold through offtake agreements procured by Greenfield.The MoU includes a binding five-year exclusivity period for agreeing and entering into any definitive agreements covering the abovementioned matters

[talais] 27/4/2022 14:11

We get a royalty and 50% of profit

[ajj2003] 27/4/2022 14:10

Is it the 10k a month plus % on oil and sand etc from memory, 3 percent rings a bell

[talais] 27/4/2022 14:09

Once first plant up and running it will produce 250bopd plus sand, they said they will have three up and running by year's end,

[ducky fuzz] 27/4/2022 14:07

Depends on whether we can get the funding over the line to buy the lease AJ.

[ajj2003] 27/4/2022 14:05

So what is that worth to Tomco over the 10 year period ball park.

N BRIEF: TomCo Energy signs deal with Vivakor over Uinta basin

Thu, 10th Mar 2022 21:22
TomCo Energy PLC - oil explorer in Utah - Signs memorandum of understanding of Vivakor Inc over a professional services agreement for the supply of engineering services, including sand treatment and oil upscaling on the Tar Sands Holdings II LLC site in the Uinta basin in Utah. Also entered a renewed lease covering three acres of land for a term of five years, and an option to extend for a further five.

Current stock price: 0.58 pence, up 7.0%

12-month change: up 29%

By Dayo Laniyan; [e-mail]

[ducky fuzz] 27/4/2022 14:04

Thanks busa.,

[talais] 27/4/2022 14:03

I guess it must be, there plant should be up and running by early June. Off take sorted