Tomco Energy Share Discussion Threads

[canny lass] 22/11/2022 13:13

Is the last day for the warrant uptake November 29th (2022), given the shares to which they are aligned were admitted to the market on the morning of November 30th (2020)?

[vauch] 22/11/2022 08:15

Not to long now I hope in finding out what is really happening

[vauch] 22/11/2022 08:12

Looking back through RNS's came across this. are Tomco going to build their own plant?
Ans avoid royalties.

[vauch] 22/11/2022 08:11

17/06/2020
Under the JV Agreement, Valkor has granted a licence, for the use on all future plants that are majority owned and operated by Greenfield in Utah, to its existing Intellectual Property ("IP") and knowhow to Greenfield of the processing of oil sands into heavy fuel oil. All modifications and improvements to the IP developed in Greenfield, including in relation to the upgrade of the POSP, will belong to Greenfield, which the Board of TomCo believes will allow Greenfield to develop its own oil sands plant, subject to identifying a suitable location. Greenfield will seek to identify and secure suitable locations in Utah for a commercial scale (up to 10,000 bopd) oil sands plant.

[fenners66] 22/11/2022 08:02

Vauch
22 Nov '22 - 07:51 - 28759 of 28760
So is it that Valkor retained the licence for the test plant, and this is part of the sale I assume with the test plant also as part of the deal?

22 Nov '22 - 07:54 - 28760 of 28760
Also another thought if the test plant had so many modification are the modified parts a patent now of Tomco and Valkor. if so could the test plant be used without a PQE licence?

Vauch - You have bought shares in TOM ?

How come you have no clue about these things ?

PQE own the plant
PQE own the tech
PQE want to raise $18m to make the "test plant " commercial - because it isn't

How can you Not know all this already ?

[vauch] 22/11/2022 07:54

Also another thought if the test plant had so many modification are the modified parts a patent now of Tomco and Valkor. if so could the test plant be used without a PQE licence?

[fenners66] 22/11/2022 07:25

"Big Sky has agreed to pay Petroteq a one-time, non-refundable license fee of $2 million,
which will become payable upon commencing construction of its first plant"

"Big Sky is obligated to engage Valkor LLC (or an affiliate named by Valkor) as the sole and exclusive provider of engineering, planning, and construction services for all oil sands plants built by Big Sky or under its direction"

Lots of inter-relationships here.

Pay $2m to PQE if start construction - no start , no payment. Simples......

Actually I was looking for PQE financials - nothing new published since Qtr 1 to 30-11-21

Strange
Why nothing since ?
How has the market allowed non reporting ?

[the diddymen] 22/11/2022 07:19

Fenners the 25% should have been cleared up. Charitably they probably do not have the cash to waste on an RNS.

Likewise today - no RNS - another bob or two saved.

[damac] 21/11/2022 23:31

If Araca aquire Valkor Environmental LLC, the technology license agreement will be listed as an asset that is part of the purchase. That could possibly be the way around it.

On the Petroteq/Valkor license agreement announcement, it doesn’t say it is ‘non-transferable’, as opposed to it stating ‘non-transferable’ on the Petroteq/Big Sky license agreement announcement…..

[pooler1] 21/11/2022 23:17

Damac, thanks for your reply

Valkor must have an agreement with Petroteq which allows them to sell the license to a third party then otherwise Petroteq could demand that Araca buy it directly from them.

Wonder if that means that Valkor will lose the right to the license?

[damac] 21/11/2022 22:50

My thoughts are that Valkor is doing some tidying up and disposing of certain assets to assist with focusing on other projects such as TS2.

[damac] 21/11/2022 22:46

pooler1,

As far as I am aware, is two different license’s.

The Valkor technology license agreement from Petroteq was agreed on the 2nd July 2019…..





The Greenfield multi-site license was agreed with Petroteq on the 16th November 2020….

[fenners66] 21/11/2022 22:13

Valkor's Byle says under oath that they own 25% of TOMCO
Why has TOM not refuted that with an RNS ?
Why is that not fixed?

We know how Valkor could get it , but that has Not happened.
Just forgive and forget ?

PQE are searching for $18m to use to make their Cort trial plant - Commercial

QED - its NOT commercial now

So how could anyone lend $200m+ to TOM to build a 5000 bpd plant when its currently not commercial ?

[fenners66] 21/11/2022 22:09

I have been reading some interesting shall we say "goings on " about other quoted companies recently.
Some things are really unbelievable.

However what seems to be the common theme , is there are always followers , those who have their eyes on potential jam tomorrow , who cannot see the current for what it is.
They are prepared to forgive and forget , believe the "hype" for that chance of jam.

[pooler1] 21/11/2022 21:40

From RNS 16/11/2020

Unless there is a later update to the license then it looks like it was given to Greenfield and not Valkor unless like I said Valkor have a separate agreement?



The Petroteq Licence

In order to provide Greenfield with access to Petroteq's Oil Sands Technology and to enable it to be utilised in future commercial scale oil sands plants to be developed by Greenfield, Greenfield has entered into a new non-exclusive multi-site licence with Petroteq. The Petroteq Licence has been granted in consideration for the funding that Greenfield has provided to date in respect of the upgrades to the POSP, being US$1.5 million, and a further US$0.5 million to be invested by Greenfield into the POSP.

This is an important step for Greenfield as it allows 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 to be built by Greenfield in the United States. The Petroteq Licence also clarifies the ownership of any IP developed as a result of the POSP upgrade and associated trials or otherwise developed by Greenfield in the future. Any such IP will be the property of Petroteq and pursuant to the Licence, Petroteq will grant Greenfield the ability to utilise such IP, together with any additional IP developed by Petroteq, in accordance with the terms of the Licence.

For any future oil sands plants built by Greenfield utilising the Petroteq Licence, a 5% royalty of net revenues received from oil products produced from oil sand resources at any oil sands plants will be payable by Greenfield to Petroteq.

The Board believes that a combination of the Petroteq Licence and know how being developed by Greenfield through the POSP upgrades and associated trials, will allow Greenfield to develop its own commercial scale oil sands plant, subject to securing a suitable location and funding.

Pursuant to the terms of the Licence, Greenfield is required to engage Valkor as the sole and exclusive provider of engineering, planning and construction services for all oil sand plants to be built by or under the direction of on behalf of Greenfield under the Licence.

[kdickson] 21/11/2022 21:27

Good stuff. Thanks for clarifying damac.

[pooler1] 21/11/2022 20:57

Damac

I thought the license for petroteq's extraction technology was with Valkor and greenfield venture 50% each.
So how come it can be sold with Valkor Environmental.
I don't know the details of the license agreement but Valkor environmental was never mentioned in any rns's stating progress on the work carried out with petrotech. It was always just Valkor mentioned.

Any ideas?


Araca Energy has signed a share purchase agreement to acquire Valkor Environmental LLC (“Valkor”;). Valkor owns 6 parcels in Unitah County in Utah, a license to extract oil as well as a license to use the extraction technology of Petroteq Energy Inc

[1dutchman] 21/11/2022 18:32

There is a question as to why Byle himself doesn't become CEO of Ecotech or join the Board. Hmm. Could it be that he has learned the benefit of being able to extract funding from a listed vehicle (Tomco) without ever being responsible to its shareholders? Clever boy. So clever that he has Talais believing Byle's 'good track record' based on pictures and scant details he's found on Byle's own personal website and Valkor's. Of course Byle wants you to believe he has a good track record. But where are the facts? It's like asking McDonald's CEO if a Big Mac is healthy. You might have to do a bit more digging for the honest answer.

[1dutchman] 21/11/2022 18:26

Damac post: Goulding, you are correct, the disposal of Valkor Environmental LLC is of no relevance or connected to the Tomco/Greenfield situation.

Goulding, if Damac's reassurance 'is as reliable as it gets' then you might want to look a bit further. Think about it. A former PQE CEO is to be appointed head of Valkor Environmental, renamed Ecotech. The Araca Energy solicitation of support for the reverse to create Ecotech cites Valkor's CORT license in addition to the Valkor licences supposedly being exploited for in situ oil extraction. Just as with all of its other work, the contracts for work on Ecotech assets will go through Valkor. Do you really think this is not relevant to Tomco/Greenfield? Valkor has led Tomco by the nose through every step of the (failed) CORT trial and now in situ drilling. Should Valkor no longer need Tomco for funding, what use is Tomco to Valkor? Will Ecotech fund the purchase of TSII, given that they already own exploitable contiguous licenses? This move is extremely relevant. And leaves Tomco hanging out in the cold.

[goulding1215] 21/11/2022 15:33

Thanks Damac, that is as reliable as it gets.

[kdickson] 21/11/2022 12:03

That's good to hear damac. So, is it a different Valkor subsidiary that wants the 29% (or 25%) in us?

[damac] 21/11/2022 11:55

Goulding, you are correct, the disposal of Valkor Environmental LLC is of no relevance or connected to the Tomco/Greenfield situation.

[vauch] 21/11/2022 11:34

Ok thanks for the clarification.
Ok lads time to go back to sleep.