Tomco Energy Share Discussion Threads

[stuart little] 07/7/2022 15:51

The .8p warrants expired on 2nd july. 2022The .9p warrants 11th November 2022.

[ajj2003] 07/7/2022 15:47

Think it is tomorrow Talais but sure someone will confirm later. Looking forward to feedback from those at the AGM ;)

[talais] 07/7/2022 15:42

Do the warrants expire today??

[talais] 07/7/2022 15:40

Sp ticking up again,

[ducky fuzz] 07/7/2022 15:36

Wonder why the share price has gone up today ..

[ducky fuzz] 07/7/2022 15:34

I wonder if Vauch has been thrown out of the AGM yet shouting "where are the prawn sandwiches?"

[busamitch] 07/7/2022 15:31

TomCo 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 all resolutions were passed a t the Annual General Meeting ("AGM") of the Company held earlier today.

[talais] 07/7/2022 13:48

Very quiet, is everyone at the AGM,

[fenners66] 06/7/2022 14:21

"The Letter Agreement became effective on the date thereof and will continue in effect until the earlier of (1) any withdrawal of the Offer by the Offeror,"

More narrative.
They are dragging this one out...

[talais] 06/7/2022 14:05

https://ir.petroteq.com/news-presentations/press-releases/detail/434/petroteq-and-viston-united-swiss-ag-enter-into-letter

[talais] 06/7/2022 14:04

July 06, 2022 9:00am EDTSHERMAN OAKS, CA and TORONTO, ON / ACCESSWIRE / July 6, 2022 / Petroteq Energy Inc. ("Petroteq" or the "Company") (TSXV;PQE)(OTCPINK:PQEFF)(FSE:PQCF) and Viston United Swiss AG ("Viston"), acting through 2869889 Ontario Inc. (the "Offeror") wish to announce that, following a video conference call between and among Petroteq, Viston and their respective counsel on Wednesday, June 22, 2022, Petroteq, Viston and the Offeror have entered into a letter agreement as of July 5, 2022 (the "Letter Agreement") in connection with the pending offer by the Offeror to purchase all of the outstanding common shares of Petroteq (the "Offer").In the Letter Agreement (a copy of which is being filed by the Offeror with the U.S. Securities and Exchange Commission), Petroteq agreed that, as long as the Offer remains outstanding (as the same may be further amended, varied or otherwise modified) and provided the Petroteq board's recommendation remains unchanged:it will not issue any securities under the 2022 Equity Incentive Plan, if approved by Petroteq shareholders at the AGM Meeting, without the prior written consent of the Offeror;it will not implement the Consolidation, if approved by Petroteq shareholders at the AGM Meeting, without the prior written consent of the Offeror;it will consult with and involve the Offeror in the recruiting and hiring of a new Chief Executive Officer of Petroteq to the Offeror's reasonable satisfaction (including considering in good faith any candidates put forward by the Offeror in the recruitment process) and will, prior to hiring a new CEO, if any, obtain the Offeror's prior written consent to ensure that the selected CEO, if any, is satisfactory to Offeror;it will not enter into any new employment or similar arrangement with any employee, including the new CEO, if any, containing any change of control or severance provisions, without the Offeror's prior written consent and any employment or similar arrangement with a new CEO, if entered into prior to completion of the Offer,will be on terms and conditions (including remuneration) consistent with industry standards for CEO's at a publicly listed company in the industry in which Petroteq operates and having regard to the cash resources of Petroteq,shall not contain any bonus, change of control, "golden parachute" or other severance provisions in connection with a termination for any reason whatsoever or resignation following completion of the Offer, unless such terms are consented to in writing by the Offeror, andshall contain an undertaking that the new CEO, if any, will resign if requested by the Offeror in the event the Offer is completed;if Petroteq requires additional financing, it will contact the Offeror and Viston first and give them the opportunity to provide any such financing; andit will arrange, within 10 days after the Letter Agreement is entered into, for each of its directors to execute an undertaking in favour of Petroteq in a form satisfactory to the Offeror (acting reasonably), which undertaking shall become effective upon the Offeror first taking up and paying all required consideration and amounts for the Petroteq common shares that have been tendered to the Offer, pursuant to which:such directors will approve an increase in the size of the Petroteq board forthwith upon being requested to do so in writing by the Offeror,such directors will resign as directors and officers of Petroteq forthwith upon being requested to do so in writing by the Offeror and will, upon receiving payment of all outstanding fees and other amounts owed to them by Petroteq and upon receiving appropriate releases from Petroteq consistent its obligations to officers and directors, provide customary releases to Petroteq with such resignations,andthe remaining directors will appoint each of the nominees selected by Offeror to fill the vacancies created by the increase in the size of the Petroteq board, if applicable, and such resignations (subject in all cases to such nominees being qualified to act as directors under the requirements of applicable corporate law, securities laws, and the policies of the TSX Venture Exchange),provided that the Offeror will only have a right to require that number of Petroteq directors to resign (and to cause the appointment of nominees selected by the Offeror) that is:4. proportionate to the Offeror's share ownership in the Company following the Offeror taking up and paying for the common shares of Petroteq tendered to the Offer, relative to the size of the Petroteq Board (including to the extent increased) at such time, and5. in conformity with applicable corporate laws and in accordance with the Company's governing documents.The Letter Agreement became effective on the date thereof and will continue in effect until the earlier of (1) any withdrawal of the Offer by the Offeror, in which case the Letter Agreement will terminate upon the Offeror making a public announcement of its withdrawal, and (2) any change in the recommendation of the Petroteq board, announced in the Supplement to the Original Directors' Circular dated December 29, 2021, that Petroteq shareholders accept the Offer, in which case the Letter Agreement will terminate upon the Petroteq board making a public announcement of its change in recommendation. Nothing in the Letter Agreement constitutes a waiver by the Offeror or Viston of any conditions of the Offer.

[vauch] 06/7/2022 11:55

Nipping to China town for Peking duck.

[stuart little] 06/7/2022 11:35

Vauch, if you are expecting a sarnie at the tomco AGM you'd best pop to Subway en route.

[damac] 06/7/2022 11:00

Or you could ask if Turboshale (or the RF element of it) could possibly be used on TS2.

[minja19] 06/7/2022 09:53

chart has positioned itself quite nicely, for tomorrow's AGM.

[vauch] 06/7/2022 09:37

Ducky I would prefer Duck or Venison in my sandwiches.
and a decent filter coffee

[pooler1] 05/7/2022 19:16

Ask them if they intend to sell Turbo shale and rf for some much needed funds, that's if they can find a buyer.

[ducky fuzz] 05/7/2022 17:17

Hi Vauch .. If I can give you some advice about the AGM .. and I do know what I'm talking about here and that is eat the prawn sandwiches first and leave the Tuna till last. No one likes Tuna.

[ajj2003] 05/7/2022 16:05

Good question Vauch and of the four specific projects in play in Utah, the first Vivakor RPC is up and running with three more to follow this year so income will currently be generated there. The in-situ wells should be the next in line, being drilled and producing H2 from all accounts. Plenty to look forward to this year and any feedback from the AGM will be gratefully received ;)

[vauch] 05/7/2022 15:53

Yes I am, I have my H-L confirmation letter

[vauch] 05/7/2022 15:53

My main Question is are they going to actually get one project working with income as we have had Turbo shale then RF, onto Cort, now drilling and others.
Each time you think they are going in one direction the road twists.
No more. it is time for shareholders to se some real value in the company

[ducky fuzz] 05/7/2022 14:08

Online 0.402p sell and 0.4164p buy for 1 Mill

A 3 Mill buy to go with the 2 Mill buy.

[kemche] 05/7/2022 11:12

Could TOM buy CRCL?

[ducky fuzz] 05/7/2022 10:39

Hi Vauch .. are you still going to the AGM?

Have you got a list of questions?