Tomco Energy Share Discussion Threads

[fenners66] 09/10/2024 09:47

How's Mathew Jones's "investment " doing ?

[fenners66] 09/10/2024 09:46

When Byle offloaded the Greenfield JV to TOM I said at the time it was never going to get paid for (29% shares) .
He knew he gave it away so he could do the "work" on the cort test plant at arms length and charge the gullible shareholders a fortune.

But the "belivers" or worse on the TOM board were outraged that anyone could be negative on this "opportunity"

Had to read that BS for years - and post alternative opinions - so hopefully there is someone who dodged this bullet.

rmart continues to spout the same BS and we will continue to post realism.

Strangely the non-commercial very expensive CORT test plant has never been heard of since....

[1dutchman] 08/10/2024 16:04

There's a lesson to be learned from investors' experience with both Valkor and the TOM board. Never invest in a venture in which the key players have not invested their own capital.

[1dutchman] 08/10/2024 15:56

RMart is at it again. Even were TOM to have the cash (we don't and won't) how can anyone think it would be a good idea to invest alongside Valkor? This is the same company that was the prime mover behind TOM dumping millions into CORT (almost all of which went into Valkor's pockets as the operator). Valkor knew from early on that CORT was a bust, but it continued to drag out the 'testing' at the pilot plant so as to keep emptying TOM investors' pockets. John, bless him, knew nothing of the industry or the technology and so was completely at Bile's mercy. Now, Valkor has turned to drilling for heavy oil and has got another puppet on a string - Trio. For all of those who think that partnering with Valkor on heavy oil is a good idea - - take a look at Trio's performance over the last six months. No one is buying Valkor's new con. That said, you've got to hand it to Bile. He has managed to create an income stream for Valkor for more than seven years based on nothing more than his own hot air. Clever lad.

[rmart] 07/10/2024 15:19

Lots going on at Asphalt Ridge. Can Tom take a small slice?



Valkor are heavily involved.

[rmart] 07/10/2024 13:34

Works every time 🤣😂

[fenners66] 07/10/2024 11:57

"rmart
7 Oct '24 - 12:19 - 31518 of 31518
dipped my toe back in for 10m. It's write off money but just maybe there is something brewing.
Lets see."

Been waiting for a transaction (that suspicously looks like a sell) to claim as your own rmart?

Gee up the marks ?

Well those funds raised will now have to be spent on the final accounts and audit , as well as the accrued Dirs Rem ,
wonder if they will even publish final accounts this time , let alone have them marked up by the auditors with a link to going concern tests again !

Where is the certainty that they have sufficient funds to stay solvent long enough - this time ?

[rmart] 07/10/2024 11:19

dipped my toe back in for 10m. It's write off money but just maybe there is something brewing.

Lets see.

[cheshire2] 07/10/2024 09:36

Fairbanks3 - if you held shares in this company as long as we have (over 15 years) without the company making a single penny profit for its shareholders, you would be cynical as well !!

[fairbanks3] 05/10/2024 07:24

Typical vapid Vauch post.

[vauch] 04/10/2024 15:16

Cant see any news coming

[fairbanks3] 04/10/2024 08:19

War in Middle East putting up WTI. News, please BoD

[fenners66] 30/9/2024 11:12

I guess "AIM Rule 17 and Schedule Two(g) sub-paragraph (v) of the AIM Rules for Companies:"

is to inform investors that - look this is what he allowed happen once , don't think it can't happen again !

[rmart] 30/9/2024 10:57

oops malcolm!

[haggismchaggis] 21/9/2024 14:28

The planned AC Oil (Tomco - Greenfield) AC-4 well is less than a mile (only 3,950ft) from the Heavy Sweet Oil well 8-4 drilled by Valkor recently.
.

.

[fenners66] 21/9/2024 11:56

haggis you are delusional (or worse)
TPET has obtained a 2 month extension on an option

Where have we heard that before , oh yes the BS saga that TOM peddled for years and achieved nothing but huge losses on - just as we said it would from the START....

Stop wasting your time - try investing...

[haggismchaggis] 21/9/2024 11:51

Trio Petroleum lined up for massive uptake of land in Utah
.
August 8, 2024 8:30 AM
.
Company Provides Update on Asphalt Ridge Project, Utah
.
"TPET currently owns a 2.25% working interest in 960 acres at Asphalt Ridge, and under the Option may acquire up to an additional 17.75% working interest in the same 960 acres and also a 20% interest in an adjacent 1,920 acres, and also has a right of first refusal to participate in an additional approximate 30,000 acres of the greater Asphalt Ridge Project on terms offered to other third parties. TPET has secured a two-month Option extension and now has until October 10, 2024, to exercise its right to acquire the remaining 17.75% interest in the initial 960 acres. TPET has until the earlier of the successful drilling and completion of 50 new wells, or November 10, 2025, to exercise its option on the adjacent 1,920 acres."
.
"The Asphalt Ridge Project is known to be one of the largest tar-sand deposits in North America outside of Canada, making it a potential giant oilfield, and is unique given its low wax and negligible sulfur content, which is expected to make the oil very desirable for many industries, including shipping. The project has the potential to be both immense and highly profitable. A typical project well has an estimated ultimate recovery (“EUR”) of 300,000 barrels of oil with an initial production rate of approximately 40 barrels of oil per day."
.
That means they are interested in being involved with at least 32,880 acres, which is massive.
.
I cannot see how they would not be interested in Tomco's plans for the TSHII land, especially as it is right next door to Valkor's land.
.
Will Trio come to the rescue of Tomco? Quite possibly I'd say. They want it all by the sounds of it, and why wouldn't they when they can produce QED's MSAR as a low Sulphur low CO2 (no refining involved) fuel.
.
Add what Tomco have said about drilling wells or joining up with Valkor on it's wells and you can see Trio has to be the #1 candidate to fund Tomco's plans to drill those wells.
.
"the Company intends to pursue the potential drilling of production wells for in situ oil sand on the Lease Area as a means of generating revenue and cashflow for the Group."
.
Now that Tomco has cash, it makes it way easier to get Trio on board and get drilling.

[fairbanks3] 20/9/2024 03:32

Rmart, what were you going to say? Always interesting.

[the diddymen] 19/9/2024 12:05

Spreadex longs closing.

It is amazing how long a farce of a company can survive and generate an income for the Board.

[norfolkngood1] 19/9/2024 08:45

Well past performance is a pretty good reason. With luck Groat will get sanctioned with the investigation into misapplication of funds at H&W. As to a chill pill, perhaps wee jock should apply the same plan with his / her copy and paste button.

[fenners66] 19/9/2024 07:14

That was so desperate yesterday
Somone buying 25m shares to try and start a market - thinking that would be enough to persuade the followers
only to sell them at a loss before the close.

Looks like another £2500 lost on top of the rest....

LOL

[fairbanks3] 19/9/2024 06:21

Norfolk, he thinks it will do well, with figures to justify. Yours is just an opinion with nothing to back it up, apart from past performance. However they have changed tack for something more sensible. It is just opinions. Take a chill pill.

[1dutchman] 18/9/2024 16:34

Well, this makes my day. (Yes, I know, I really need to get out more). But I am so pleased to learn that the TOM entertainment channel is once again up and running. First off, kudos to you Fenners for continuing to warn any new punters about this company. There is no business and there never will be unless there is a reverse into a company with a new board. For all of those who are still hanging onto the potential for TOM to land an agreement with Valkor, note that the "good faith" lingo in the last RNS applies to Valkor, not TOM. In other words, Valkor was talked into allowing that statement to be put into the previous RNS so as to buy some time for the board. There will be no agreement because TOM has nothing to offer. There's not even a CEO to negotiate an agreement. I also note that today's accounts make no mention of one (or all) of the board starting to collect fees as a consultant. I suppose that won't show up until next year's accounts when the company and the board will be history. But know that the board has just lined their pockets with £10-15k each in 'deferred compensation'. And I will wager that next year's accounts will show that at least one of them is being paid to manage the company through to its demise. I am usually happy that we Brits aren't as litigious as our friends across the pond. But I do sometimes wish that someone would pursue these tin pot boards for their fraudulent activities. AIM would disappear overnight.