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little reminder why we are here:
SOURCE : ADVFN
For any newcomers, who have probably done their research, this is just the beginning. It isn’t just that TOM have got 1.2-1.5 billion barrels of oil. They have the only successful means of extraction of oil shale, which covers vast areas of Utah and surrounding States. The means of extraction is quick, setup takes about 2 months, environmentally clean compared with other means of oil extraction, such as fracking. The previous Field Tests were successful, but TOM were not allowed to use their results, hence the current Field Test. If this Test is successful, I believe the aim is to try it on shale oil, that has to be ‘fracked’, and which does not make money for fracking companies. If it works on shale oil, then TOM with Turboshale will be the most valuable oil company in the USA. Not just imho, but based on the numerical facts of the area.
previously, I believe the cost was 9-10$ per barrel, but the oil companies were too busy with Middle East oil. I, like many others, cannot understand why little old TOM get hold of Turboshale. I can only presume complacency by the big companies. So, we can expect a price of 15-25$ pbo from Turboshale.
Chevron tried to get into the Texas Permian Basin by making a bid of 35 billion dollars for Anadarko, but outbid by Occidental. Lucky Chevron, probably looking at TOM right now....
How high can the sp go? Nobody knows, but a lot higher than the here and now. It will be interesting which company shows interest first with either a JV or a buy out.
SOURCE: ADVFN
TIMETABLE - WITHIN 40 WORKING DAYS
1 Jul 19 - Permit Approval confirmed by RNS
8 Jul 19 - Drilling commences (EXPECT RNS TO CONFIRM)
mid Jul 19 - Upgraded RF Transmitters on site
late Jul / early Aug 19 - Field Test commences (EXPECT RNS TO CONFIRM)
Aug 19 - 4 week Field Test complete
mid / late Aug 19 - Results of Field Test (EXPECT RNS TO CONFIRM)
SOURCE : ADVFN
For any newcomers, who have probably done their research, this is just the beginning. It isn’t just that TOM have got 1.2-1.5 billion barrels of oil. They have the only successful means of extraction of oil shale, which covers vast areas of Utah and surrounding States. The means of extraction is quick, setup takes about 2 months, environmentally clean compared with other means of oil extraction, such as fracking. The previous Field Tests were successful, but TOM were not allowed to use their results, hence the current Field Test. If this Test is successful, I believe the aim is to try it on shale oil, that has to be ‘fracked’, and which does not make money for fracking companies. If it works on shale oil, then TOM with Turboshale will be the most valuable oil company in the USA. Not just imho, but based on the numerical facts of the area.
previously, I believe the cost was 9-10$ per barrel, but the oil companies were too busy with Middle East oil. I, like many others, cannot understand why little old TOM get hold of Turboshale. I can only presume complacency by the big companies. So, we can expect a price of 15-25$ pbo from Turboshale.
Chevron tried to get into the Texas Permian Basin by making a bid of 35 billion dollars for Anadarko, but outbid by Occidental. Lucky Chevron, probably looking at TOM right now....
How high can the sp go? Nobody knows, but a lot higher than the here and now. It will be interesting which company shows interest first with either a JV or a buy out.
GLA, and here’s hoping tomorrow beats today.
https://twitter.com/TopTradersADVFN/status/1146138171039801344
Harryoffdock - unfortunately we get ppl like you on all boards.
If you did some researched and picked up the phone you will know the reason why it was not RNS'd in the morning.
Shall we wait for that RNS to come before giving out your P&D predictions shall we?
#GLA to all genuine investors.
Why would II put in money at 10p then?
If they were bad it may fall under so why take the risk?
You would think the opposite and place at bargain price of 10p and reap benefits with good results which will give "substantial value enhancement ..." as said in the RNS today.
little derisking by some Im sure.
I see no major sells anyway.
https://twitter.com/chanlfc/status/1143580659870556160