Tomco Energy Share Discussion Threads

[fenners66] 21/6/2024 09:14

Maybe insurance for a replacement lost office key ?
Would that "income" have to be seperately disclosed on the p&l ?

Oh, that's a silly question , and income will by definition be seperately disclosed...

[wilson2] 21/6/2024 08:45

I don't know what insurance would cover a company or person with a loss of income when there was no income to start with

[fenners66] 21/6/2024 08:34

and ..... no point

[the diddymen] 21/6/2024 07:09

Interims should be next week. It will be interesting to see if they had key man insurance. We will know because TOM will live on while the insurance funds the overhead. If not it has to be curtains of some form; the company has no cash and no employees.

[talais] 20/6/2024 14:09

Looks that way,

[vauch] 20/6/2024 13:53

Seems one of the large holders is now bailing.

[talais] 20/6/2024 13:11

Are all theses options on valkors land?? Corp.Trio Petroleum Corp. is an oil and gas exploration and development company headquartered in Bakersfield, California, with operations in Monterey County, California, and Uintah County, Utah. In Monterey County, Trio owns an 85.75% working interest in 9,245 acres at the Presidents and Humpback oilfields in the South Salinas Project, and a 21.92% working interest in 800 acres in the McCool Ranch Field. In Uintah County, Trio owns a 2.25% working interest in 960 acres and options to acquire up to a 20% working interest in the 960 acres, in an adjacent 1,920 acres, and in the greater 30,000 acres of the Asphalt Ridge Project.

[bungeetrader] 20/6/2024 13:04

Noticed that. Maybe I should have waited a bit longer......

[talais] 20/6/2024 12:41

A lot of big sells this week.

[bungeetrader] 18/6/2024 17:47

Vauch. I had a quote for just over 8.5m CPX at .0791p at 4:28pm yesterday but had to pick up my grandson so thought I would wait till today. The rest, as they say, is history........

[vauch] 18/6/2024 16:39

Well that's one half moving up CAP-XX Dr Graham Cooley now a Director.
If you look him up on Linked-in he has a connection with Zac.

[talais] 18/6/2024 15:03

I been waiting 2 an a half years, someone will call it right eventually, lol

[the diddymen] 18/6/2024 13:11

BungeeTrader added 10m on the basis that an RNS should be due. I don't think that it will be the RNS he is expecting, but a sensible investor (in as much as it was a sale) sold 14m, balancing the books.

[bungeetrader] 18/6/2024 10:56

Added 10m this morning. Must be due some news soon, I hope!

[the diddymen] 17/6/2024 18:15

Next scheduled one will be interims to 31/03/24 - due by 30/06/24?

I think that shareholders should be due an update in a timely manner given the events of the last month. How long does it take to demonstrate that you have worked your socks off but to no avail. The twist will be if the company had key man insurance(see Lopo's post). If not then the question will be why not - albeit an academic question.

[fenners66] 17/6/2024 08:59

Is an RNS due this week ?

[the diddymen] 15/6/2024 09:51

Mixi on the now completely deluded thread:

"goulding121514 Jun '24 - 19:47 - 31412 of 31412
0 0 0
Yes, a lot of companies, after drilling and confirmation of excellent results, has got the oilers excited, still no comment from TOM. How surprising?"


Mixi you are completely deluded. This does not sit within the company's narrative strategy, TOM has no employees and no cash. Institutions lend to companies that have a structure to deliver, TOM does not have one.

TOM has no capacity to change its strategy. If the markets are daft enough TOM could raise a shed load of cash to develop another business with a new strategy but existing shareholders will be obliterated and the same BoD will deliver the same outcome for the new shareholders.

[goulding1215] 14/6/2024 19:47

Yes, a lot of companies, after drilling and confirmation of excellent results, has got the oilers excited, still no comment from TOM. How surprising?

[wilson2] 14/6/2024 12:34

But the sand fenner66 you missed the sand

[the diddymen] 14/6/2024 11:53

F66 .....plus no cash and no employee and a threadbare narrative.

While the Board will string events out as far as possible to enable an epitaph of 'valiant efforts', the outcome is inevitable.

[fenners66] 14/6/2024 10:22

Talais on the gamblers thread , still whistling in the wind.

Read the words $500k to try and produce 40 barrels a day , without any water and needs heating , trucking etc and only available about 8 months a year - before breakdowns.

Its just not commercial.

[wilson2] 14/6/2024 07:57

Pity the comments are turned off

[talais] 14/6/2024 07:44

Trio petroleum very excited about Utahhttps://www.youtube.com/watch?v=s30PrJuSBq0

[talais] 14/6/2024 06:21

Looks like valkor have ironed out all of the Boards of oil and gas of Utah request, It's taken a long time, but hopefully now this will also satisfy the funder for Tomco energy,Hopefully a blue day for a change, gla

[talais] 14/6/2024 05:37

From Samir on LSEThis could be the final approval we need, news soonhttps://ut-dnr-ogm-prod-sf-public-bucket.s3.amazonaws.com/a0S8z000003Wr3XEAS_1718116585430_2024_040_471_04_20240610.1_RequestForAgencyAction.pdf