Tomco Energy Share Discussion Threads

[talais] 04/8/2022 15:04

$6 million for one license , and we have multiple licenses, what a great bit of news,

[busamitch] 04/8/2022 14:58

SHERMAN OAKS, CA / ACCESSWIRE / November 17, 2020 / Petroteq Energy Inc. ("Petroteq" or the "Company") ‎‎(TSXV:PQE)(‎OTC PINK:PQEFF)(FSE:PQCF), an integrated oil ‎company focused on the development and implementation of its proprietary oil-‎extraction technologies, today announced that Greenfield Energy LLC ("Greenfield") has executed a non-exclusive, multi-site license with Petroteq (the "License"). Pursuant to the terms of the License, the License has been granted in consideration for the funding that Greenfield has provided to date in respect of the upgrades to Petroteq's existing oil sands plant at Asphalt Ridge, Utah (the "POSP") being US$1,500,000, and a further US$500,000 to be invested by Greenfield into the POSP within 20 days. Greenfield is a 50/50 joint venture between TomCo Energy plc (AIM: TOM) ("TomCo") and Valkor LLC ("Valkor").

[talais] 04/8/2022 14:54

Did Tomco pay 2mil and have multiple licenses,????Pursuant to the LOI, subject to the negotiation and execution of definitive ?license agreements, Netoil would be granted two licenses for Petroteq's CORT for use in Iraq and ?Libya. The consideration for each license has been agreed to USD 6,000,000 and a five ?percent (5%) royalty fee of the net production revenue. In addition, a minimum annual fee has been agreed to USD 1,000,000 until the region is producing.

[busamitch] 04/8/2022 14:49

Petroteq Executes LOI for License Agreements

[damac] 04/8/2022 14:20

Only on suitable occasions Ducky, only on suitable occasions.

Other than that I'm a Stella man.

[ducky fuzz] 04/8/2022 10:01

Optimism is the first sign tal. I find beer works better for me. None of that posh stuff damac drinks though.

[talais] 04/8/2022 09:16

Sorry about that to much coffee, lol

[ducky fuzz] 04/8/2022 08:21

Have you been drinking tal ?

[talais] 04/8/2022 08:03

Got a feeling it will not be long before we major news , gl

[ajj2003] 04/8/2022 07:30

All looking good for Quadrise ;)

[theuniversal] 03/8/2022 20:33

@ busamitch
Thanks for the links

[busamitch] 03/8/2022 19:09

Proactive Vivakor video.



And Cantone buying more PQE shares daily.

[goulding1215] 02/8/2022 18:21

Thank you the universal.

[ducky fuzz] 02/8/2022 16:42

Thanks theuni ..

I wonder when we will get news of our production well permits. Should be soon
(I hope). Do we officially know when in August?

[theuniversal] 02/8/2022 16:25

Vivakor Closes Acquisitions with Operations and Long-Term Contracts in Louisiana and Texas Servicing Two Major U.S. Oil Basins

[goulding1215] 02/8/2022 15:23

Give us a clue t’allais.

[lopodop] 02/8/2022 14:59

Groat and Castro have an impressive list of other directorships by the way!

[lopodop] 02/8/2022 14:55

1dutchman
Time and time again, their experience or rather lack of has been questioned and flagged but the poor hapless investors themselves are equally deficient in acumen. Even a modicum of good old common sense should have set the alarm bells racing. But no the likes of Damac continue to persuade the others it will come good despite the fact each of his many forecasts has been wholly wrong.
Had the non execs any standing, they would have faced the music and admitted their poor stewardship to investors by appointing a receiver but they know investors here are simple and so they will play for more time and blame JP for the outcome and run for cover!

[1dutchman] 02/8/2022 14:18

Lopo - the BOD non-execs are as inexperienced as JP in operating an oil or mining company. Ex accountants, bankers and nomads who couldn't manage a p---up at a brewery. There has been no engineer to call SB's bluff and it doesn't appear from accounts that the company has hired consulting engineers to supplement their glaring deficiencies. The only Board members with appropriate experience each seem to have lasted less than six months. And then paid off, no doubt to shut them up. Those red flags seem to have been invisible to investors.

[talais] 02/8/2022 13:47

Big day for Vivakor https://feeds.issuerdirect.com/news-release.html?newsid=7702588719684624

[lopodop] 02/8/2022 12:52

Imagine being in JP's position - he can walk off as SB's lackey leaving the non execs to explain how they got TOM so badly wrong.

[fenners66] 02/8/2022 12:31

Imagine being in SB's position.
You got TOM to give you $1.5m for the Cort exercise (which never achieved its 500bpd target)
then you lend it back to them with 15% fee and 2% thereafter.

What's next ?

Sit back and relax.
Let TOM's shareholders owe you $35k a month... nice little earner.

[lopodop] 02/8/2022 12:28

Yes naive and hapless investors but what about the BOD non execs - have they been fooled, surely not. So why have they promoted this folly??? Where does that leave BDO and SH? Pleased to be of service no doubt until one of them concludes enough is enough.