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"Funnily enough, I'm feeling more positive about TOM than the rest of my holdings put together!" Something's happening here so I feel vindicated! Very wary of involving the Occult in my investment decisions but ignoring my gut feeling has cost me dear in the past. We must all follow our own guru. And if your guru is yourself then prepare to disappear up your own vestibule. Black holes on a smaller scale? GLA!
Ok, so now they will be drilling again, then hopefully the infrastructure will need to be put on TSHII and the payments resumed.
26th January 2022
Ill ask Zac if that payment is still ongoing or when it had finished.
At last AGM we where told that Tomco would not be involved in the huff and puff. as for the 10k a month .
When is that from?
Does this mean TOM will get 'stay alive' revenues? Possibly backdated?
Services Agreement with Heavy Sweet Oil
TomCo Energy plc (AIM: TOM), the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, is pleased to announce that it has entered into an agreement with Heavy Sweet Oil LLC ("Heavy Sweet Oil"), a US based oil and gas company, to assist it with permitting and government relations in respect of their planned drilling programme adjacent to the D Tract of the Tar Sands Holdings II LLC ("TSHII") site in the Uinta Basin, Utah, United States. Should Heavy Sweet Oil progress to producing oil it is anticipated that some of the supporting infrastructure for their operations will be located on the TSHII site.
The assistance being provided to Heavy Sweet Oil is being undertaken alongside the Company's own work to progress its plans for the TSHII site. Heavy Sweet Oil have agreed to pay TomCo US$10,000 per month for its services, with the agreement backdated to start from 1 January 2022
Pure speculation on my part, any thoughts?
The 2 directors of Vale Consultancy have put in around £1m for tomco shares over the last few months. Tomco have said that the funders will likely take over Greenfield and leave tomco with some cash and a smaller stake in greenfield the project in Utah with no further funding required from tomco.
Vale Consultancy are structural engineers, one attended UNi in USA and obviously has contacts.
So...
1. Vale Consultancy organising the funding to take over greenfield?
2. Vale do an rto into Tomco? Giving them a UK listing and the USA project?
We then would have a shiny new company with the 2 directors as major shareholders?
Soulac, why? we are not drilling anything, we are building a new tar sands plant.
Valkor have waited a long time for the drilling permits, I think our funding will depend on drilling results, ie that the injection gas no not migrate,
Good research, thanks!
I see one of them went to Penn State University.
"Penn State is a major, public, research-I university serving Pennsylvania and the global community"
I wonder if they have contacts from their time there that are in the know.
Heavy Sweet were paying TOM for permitting and gov relations assistance. Infrastructure was also going to be located on the TSHII site.
We can sit in hope that the approval of permits and funding for the initial wells can evidence the area and TOMs funding is a matter of when and not if going forward
See the Quadrise announcement today regarding Valkor funding and drilling next week. This should bode well (LOL!) for TOM getting it's funding, as it will prove up the oil.
Our 2 largest shareholders now have almost 20%
Matt Jones - 537,033,065 - 13.76%
J Mathias - 223,162,222 - 5.72%
Https://www.linkedin.com/in/matt-jones-92162923/
https://www.linkedin.com/in/jon-mathias-57a64923/
Both big holders in Tom. Both directors at Vale Consultancy (Structural Engineers).
Vauch, hope you're keeping well in these daunting times.
Sorry for using your name but as I do trust you as one of the sensible long term holders.
What is holding us back? Time is mounting day by day.
Has PQE gone, done and dusted or a sleeping dog?
Yeah but look at the shareholder value he's created in that time
I see Potter missed his funding by Easter again. I think that's 3 years on the trot now.
Have yourself
A merry little April
Let your heart be light
From now on
Our troubles
Will be out of sight
Thanks to me JM 5.72%... your welcome
A ray of hope flickers in the sky
A tiny star lights up way up high
All across the land, dawns a brand new morn
This comes to pass, when a deal is signed.
Cownos,
Obviously wasn't you as this is your first contribution to the thread, and of you'd read the thread it wouldn't have been too hard to work out.
But let that stop you from taking to the keyboard to vent.
Have a good day x
Not sure who you are targeting with that insult Mooch. But either way it's uncalled for. A persons IQ has no bearing on a persons music tastes. If it was directed at me, then I personally have never heard of this singer, so why would I have any prior knowledge of your cryptic talk alluding to their lyrics. Also, before I commented I had never scrolled down to read your comment anyway, not that it would have helped, so please keep your insults to yourself or at least think of why people may never get your so called pun before spouting salty insults.
Might help if you had an IQ high enough to realise it was a pun, I even helped you with the song quotes.
Nevermind!
Just a quick google of this Jonny Mathias brings up a guy with a net worth around $400 million, a singer who is from Texas of all places and is well known as a stock investor of all things. Given the run down on this guy, the close matching of the name despite some minor differences in spelling and where he is from, it kind of matches the guy who bought the holdings. Whether it is this guy or not is anyones guess, but I'd say theres more evidence for it to be than not.
https://www.therichest.com/celebnetworth/celeb/singer/johnny-mathis-net-worth/
That certainly created a lot of buys, will it continue tomorrow I wonder. Also, I wonder if Jonny Mathias bought more today and if he'll keep accumulating.
Might help by getting his name right in the thread title.