Member Info for D220

http://www.proactiveinvestors.co.uk/companies/news/175512/tomco-energy-to-reboot-oil-shale-venture-with-launch-of-turboshale-unit-175512.html http://www.stockmarketwire.com/article/5520731/TomCo-partners-to-develop-new-oil-shale-technology.html

Yes, good to see progress and a sense of direction at last. I am confused over the fund raising. Reads to me as if it is Turbo Shale that is raising privately not TOMCO? Hence the result of TurboShale being only 40% owned by TOMCO after placing. Am I right???

And the highest recent multi million (7.56m) share buy at 0.094 just gone through.

All generally positive but mustn't confuse "shale oil" with our "oil shale" since the two have very different economics.

You think that is bad, even worse is our CEO who was a founder and MD of London Mining! Lighting doesnt strike the same place twice does it???

At last some news, albeit not terribly exciting! Maybe that will clear the way for some real news of progress...

We are certainly due news re the appointment of a replacement Non Exec as per RNS 23/12/16: "The Company intends to seek a new independent non-executive director to replace Simon " Also, we have had nothing since this in RNS 22/11/16: "The Company intends to focus its resources on its oil shale assets in Utah and is actively investigating potential alternative lower cost and scalable technologies which can be applied to such operations." Must be due an update soon, surely or are we in hibernation?

Well, love him or loathe him, you have to say that Trump is a big positive here. Whether the oil rally will last given the fast comeback of US shale frackers is another matter: http://www.telegraph.co.uk/business/2017/02/20/oil-price-recovery-vulnerable-us-shale-confounds-opec/

Dazbrad, I have just been doing some general hunting for signs of life from Oil Shale projects in Utah but can't find anything up to date. This article dated April 2016 is interesting though as it indicates that outfits other than Redleaf/Tomco are actively pursuing projects in "our " area of the Green River. I have contacted the jouralist to see if I can get more up to date info. http://www.deseretnews.com/article/865651772/Project-proposes-to-unlock-Utah-oil-shale.html

Dazbrad, I agree with your sentiments and said as much in post on 24th December. However, I am not confident enough to average down yet (bought in at over 1.0p av) and would like to see some kind of indication that the company has a plan to mover foward....

Telegraph suggesting LGEN : http://www.telegraph.co.uk/investing/shares/shares-offer-4pc-5pc-even-6pc-yield-safe/

Ok, so what has been achieved this year? "Not much" would be the simple answer. However, the company IS still functioning and has SOME funds. Worringly we went from Around £375k as per RNS on 7/10 to £285k as per RNS 22/11 due to "settlement of accrued liabilities" presumably costs in relation to the abortive Palm Oil project. With recent board, adviser and broker changes you would have to question if there has been some sort of crisis of manangement, or at least direction. Hopefully a refocus on oil shale will produce some results especially with a Trump govt in place and an Oilman as Secretary of State! What I would like to see in the New Year is a plan as to what will be done next and how this can be moved forward. With the Oil Prices showing some signs of life, 2017 just might be a good year for Tomco. Marbella Mike - are you still out there? Your views appreciated. GLA and Merry Christmas

Letter today from liquidator: "there is no prospect of any return to shareholders" So, that's it...

stumpy, we are all underwater to varying degrees but I am reluctant to 'average down' because I struggle to see any significant near term re-rate. Oil will need to be sustainably above $60pb before this comes close to being investable (IMO)

It was in and out of auction several times during the day so something going on with trades. I have always been here for the oil shale and was unimpressed by the palm oil project but hope that an OPEC cut (or even freeze) next week may push the pirce higher to make the eco capsule economic.

Ahh so, someone esle is actually still watching this! Yes, there have been some big volume trades over the last few days. Already 55m today (avg 3.5m) - not sure who is getting in or out...?

I suspect the swing back to shale oil has something to do with the new US President Elect being in favour of a more loosely regulated energy policy. Let's hope we can move forwards in 2017.

What a waste of time! Project cancelled due to lack of finance and now back to shale oil.....!

Has anyone any idea if shareholders will get anything?

Are those volume figures right? 200m shares on opening at .099p?