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Vivakor are paying Greenfield (TomCo & Valkor) and are processing Oilsands by which in the Niccosa videos is in production generating revenues for them and Greenfield and with another 3 RPC by year end, which can generate $12m a year for Greenfield and now a mystery company with a 10k plant arrangement and have to build a plant by March 2024
They have Proven Reserves/Proven Extraction Technology and Third Party Evaluated Plant Design and a very healthy market!
They need Funding and $120m yep
Question is there any comparison to turbo share here, wasn’t around for that but I’m sure it wasn’t with any of the above SK!
- Total estimated undiscounted future net revenues (as described further below) range from US$942 million based on 1P reserves to approximately US$2.5 billion based on 3P reserves in respect of a gross 100% interest in TSHII
- They have the feed Engineering and Design report to build a 5k plant and a further train for a 10k plant
- Service agreement with Heavy Sweet Oil
- Oil-?extraction ?tech, third-party technically evaluation by Kahuna Ventures LLC
- The MoU between Greenfield and Vivakor includes a binding five-year exclusivity period for agreeing and entering into any definitive agreements covering the abovementioned matters
Ahh fair play, I wanted to go but more trivial reason is holding me back at the moment which is work :/ and the fact that it all starts to look like another turbo shale debacle:(
@smithkowalski 9:11am
Unfortunately I won’t be able to attend as I look after my dad, who has dementia and needs care 24/7 as I am his full-time carer.
Nice 3,000,000 share buy showing, happy days,
Hey dazzle, will you be attending the AGM?
@Crownos 17:17pm
I think you have raised some interesting points crownos, and i agree with what you are saying. I have re-read Tomco’s RNS’s
And from what i have gathered to understand (correct me if i am wrong ) that IF the big funding for the 5k posp type plant falls through its not the end of the world as tomco has said it will fall back on a smaller but viable option which i took it to mean working with vivakor. Yes it will take slightly longer to grow somewhat ie from prices of different sand and asphalts/oils starting from a 250k vivakor plant gearing upto 1000k 4x250k plants in the near term from 2023 onwards..
Asphalt prices index for june is $728.75 https://spexternal.modot.mo.gov/sites/de/lists/ac_index/allitems.aspx
Not too shabby if you ask me, actually hitting on the all time high + usa infrastructure bill $1.5bn towards fixing roads etc..
On another topic just wondering if anyone is interested in raising concerns/questions for the agm could list them on hear for anyone that can make it can put them across the the BoD..
I can see quite a few here comment or question the progress, timescales and funding.
Whilst like everyone here I do hope Tomco secures the funding for the 5k plant, but I can't help wonder with the light now revealing Vivakor, that if this very large funding they are pursuing is the best option avaliable to us. With an agreement now signed between Vivakor and Tomco for their remediated sand, it now adds a relatively close mutual relationship between the two companies and so if Vivakor are willing, it could allow us a way into negotiations in leasing their tech which I feel maybe better from a financial risk perspective.
Vivakors tech is pretty much identical to Petroteqs with one major difference being the scale between the two. Petroteqs version is basically Vivakors tech but 20 times larger and for a much larger industrial type of scaling. Thats great, but with Tomco being such a small cap company at just under £7million and needing to raise around £120 million for this industrial sized plant and land, it does make one question the feasibility vs the risk when you take Vivakor into account as a possible option.
With Vivakors technology there is nothing stopping Tomco from building up to their 5k bpd goal over a the same or shorter period than it would take to build 1 large industrial 5k plant. Vivakors technology is scalable in that each unit can work alongside each other like Petroteqs. Vivakor themselves are gunning to reap 10k bpd from their tech and have it all up and running in a shorter timescale than it is currently estimated to build one industrial 5k plant.
Moving forward with Vivakors technology would cost much less and be a much lower risk to investors all whilst allowing Tomco to be up and running and generating revenue from oil and sand within a couple of months if not less, and would only increase their revenue as time progressed which by Vivakors thoughts on their own tech could be a much quicker turnaround.
Many will say our current route is worth the risk, and if it did work it certainly would be and I was and still am all aboard with this train, but everytime i see Vivakor making deals and blasting forward at pace it constantly makes me wonder if a deal with their technology would be better in the long run for us. We could always start with Vivakors technology and once we have built the capital ourselves to spend on the Petroteq plant, then we could move to the real industrial sized plants, seeing Vivakor as a revenue stepping stone instead of climbing that stone which is a bit like mount everest at the moment with the size of the funding and potential risks. And yes, risk is part and parcel of AIM stocks but if a better solution comes along that gives the same if not better outcome for much less risk it should be an avenue looked into nonetheless.
I definitely think Vivakor is something Tomco could look into if the funding they are currently seeking doesn't come to fruition. Thats if Vivakor plays ball