Tomco Energy Share Discussion Threads

[talais] 05/8/2022 14:25

Seems a few buys coming could pick up soon. Gl

[goulding1215] 05/8/2022 14:22

It looks as if GREENFIELD got a really good deal out of PQE, who were having a lot ot of financial problems at the time. Cannot understand why TOM isn’t getting more buying with all the assets that they own. Mind you Tamraz didn’t do PET any favours.

[fenners66] 05/8/2022 12:53

Just for balance , because the fantasists thread went on about the price of a barrel of oil for so long

US crude down to $88 a barrel.

It makes no difference to TOM though , they don't have any , aside from making the miniscule chance of any
financing even less likely

[fenners66] 05/8/2022 10:33

Anyone remember Michael Knighton taking over Man Utd and kicking a ball around on the pitch before a game ?

If you do you're getting the picture.

[the diddymen] 05/8/2022 10:32

Shareholders' alarm bells should be going off if Tamraz and Netoil are sniffing around TOM.

[fenners66] 05/8/2022 10:32

Did I forget to mention Tamraz taking over a Portuguese Bank a couple of years ago ..... ?

Offer in , accepted by all accounts....


That never happened either.

[chadwick123] 05/8/2022 10:03

Yes the Sand revenue is a big bonus.

[goulding1215] 05/8/2022 09:57

I understand that Chadwick. However, I need to credit the directors with credit, reading from Damac’s post. 5% of hydrocarbons revenue goes to Petroteq. There are no hydrocarbons in sand, as far as I know. Sand price is not as volatile as oil. Sand being in short supply as well.as oil.aimho

[fenners66] 05/8/2022 00:11

Found it....

DA DAH , just as I thought ....

"subject to the negotiation and execution of definitive ‎license agreements"

would be real unfortunate if those negotiations took .... forever and never came to fruition.....

still the share price may rise in the meantime.....before it may fall again......

[fadec92] 04/8/2022 21:37

Would the two companies one that has a acquired a license a couple of months ago and this new LOI if it wasn't ok on the takeover?

[chadwick123] 04/8/2022 20:05

So as I read it damac, from the PQE RNS today , Tomco got the licences on the cheap.

[damac] 04/8/2022 18:11

"As announced by Petroteq on November 17, 2020, Greenfield has executed a non-exclusive, multi-site license with Petroteq (the "Greenfield License"). The Greenfield License has been granted in consideration for US$2,000,000 in funding that Greenfield has provided to date for upgrades to the Asphalt Ridge Plant. The Greenfield License will allow Greenfield to use Petroteq's Clean Oil Recovery Technology in any future oil sands processing plants built by Greenfield in the United States. The Greenfield License provides that the ownership of any intellectual property developed as a result of upgrades to or operations conducted at facilities deploying our technology, including associated trials and testing, will be owned by Petroteq. At the same time, any such intellectual property, including any oil sands technologies developed by Petroteq, will be included within the scope of the Greenfield License and may be used by Greenfield under the terms of the license.

For any future oil sands plants built by Greenfield utilizing the Greenfield License, Greenfield will pay Petroteq a 5% royalty of net revenues received from crude oil and other hydrocarbon products produced from oil sand resources."

[vauch] 04/8/2022 16:33

This licence issue has been one of the things that I went to the AGM to get a straight answer, Did we really have a multi licence and how secure was it in light of the PQE takeover.
I am surprised it is only now been sorted.

[busamitch] 04/8/2022 16:31

Greenfield licence:

"12.11 Assignment and Successors.

a) This Agreement is a non-transferrable license and may not be assigned by Licensee, and no sublicense or other user rights may be licensed, sublicensed or otherwise granted or extended hereunder by Licensee to any Person."

[talais] 04/8/2022 16:25

Petroteq flying

[talais] 04/8/2022 16:15

Does that mean we can't sell our licenses,

[bountyfull] 04/8/2022 16:02

Tamraz has connections but no cash it seems. He could not complete the PET deal and indeed pledged shares for a loan that were subject to a lock-in agreement. To protect their position PET took out an injunction against him and got most of the shares back at a nice discount!

[busamitch] 04/8/2022 15:57

The License will allow Greenfield to use Petroteq's oil sands technology, which includes Petroteq's processes for the recovery of oil from oil sands, patents, other intellectual property and know-how, in any future oil sands plants built by Greenfield in the United States. The License also clarifies the ownership of any intellectual property developed as a result of the POSP upgrade and associated trials or otherwise developed by Greenfield in the future. Any such intellectual property will be the property of Petroteq and pursuant to the License, Petroteq will grant Greenfield the ability to utilise such intellectual property, together with any additional intellectual property developed by Petroteq, in accordance with the terms of the License.

[talais] 04/8/2022 15:55

Does anyone know exactly how many licenses we have??

[busamitch] 04/8/2022 15:54

Remoras profit too...

[ajj2003] 04/8/2022 15:51

Netoil made a right dogs b*ll*cks of their takeover of Petrel Resources. Tamraz is a decent gent by all accounts but Petroteq are swimming with the sharks there so be warned.

[busamitch] 04/8/2022 15:07

Roger Tamraz of Netoil is a seriously big cheese:



And Cantone buys more PQE:

[talais] 04/8/2022 15:04

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