Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Ive taken a small excerpt from what 46gillingham has posted to keep things short and sweet, and relevant to this thread.
“From 46gillingham over at QFI:
Utah-Greenfield
Drilling completed
Other discussion with Valkor re other local projects
2022 Q3 prepare for Utah bioMSAR/MSAR supply
2022 H2 Commence commercial supply”
This ties in with vivikor process to start production June 2022 with TOMCO, which means we will if management get their a.sses into gear and release a RNS stating how things or going with the drill testing and results? Should drum up some positive sentiment.. again frustrating and puzzling why tomco not quick to release news, seems QFI are happy it is going ahead? Unless tomco feels that the drilling testing is not commercial? And vivikor are wasting their time and Valkor wont get their loan back…. Yep we know there is a disclaimer saying that out of the 99% great news that 1% may not happen coz of Unmitigating circumstances, but we are not that stupid tomco we can put 2+2 together. Just let us know and tell us as it is through an RNS jeez
@unvrkw sat 16:30
Would be great if rusty hutson would diverse into more other areas where the ESG is in place that can bolster the greens anti oil view and help them see that DEC could expand into other areas even like tar sands mining in Utah using the PQE c.o.r.t clean oil recovery tech. Remediating the toxic legacy of Canada tar sands and oils spills.. all the while saving water and using sand that other wise would not be fit for purpose. Plenty of revenue generation with this new process.. just for example.
@rfarfa13:08
Yep i can understand the investor frustration, i have lived through some turd times, but that is the choice i made in understanding the risks involved with Alaskan exploration (there are no guarantees here) and i hope a lot of 88e investors buy now have derisked enough to sleep well at nights having many opportunities to trade 88e for profit or free carry over the years…i have derisked enough to play the field in other shares and take a different investing /trading strategy as many opportunities have been and gone and life is too short to let them and other future ones go by. It has been a learning curve one I don’t regret, changing my mind set let me unlock a lot of possibilities. Seize the day, have a plan or two, don’t be greedy, don’t forget to live and enjoy life. Stay happy and healthy. Take some profits off the table while playing with the brokers money and never forget to treat your spouse and kids.. wishing all 88e investors good fortune and a happy/healthy life
Dazzle
@chrisev1 fri 23:32
Good point chrisev1, 88e are revenue producing in Texas at 220bpd net and from this link: https://www.statista.com/statistics/326017/weekly-crude-oil-prices/
I calculated 88e have made $1,880,2000 in revenue from the WTI prices as we have been producing since buying into texas jan 1st 2022. Also we have Yukon gold, Lima and alpha potential too. The recent sp drop has left a huge gap/candle window that may or may not get closed but I’m hopeful in the Nr future it will. Just that investors may need to hold tight again, funny that when all is deemed lost or forsaken the trumpeteers of dome and gloom appear with the “end is NYE” banners etc. some may have or are still bashing Dave wall for his short comings in delivering the flowing oil, but i think he did a great job in the exploration side of things in finding extra opportunities after the gas condensate find that dropped the sp that year.. up until his departure even the USA thought we had/have a good chance of getting oil to flow. Just a matter for Ashley Gilbert to do some magic rabbit pulling out of the exploration hat and perhaps diversifying into more areas like we have in Texas, maybe into tar sand in Utah? As the revenue is at a lower break even cost and more upside in selling the valuable asphalt for roads and silica sand for industry, using a new cleaner process that doesn’t need water in a close loop system to recycle the chemicals used as well.with potential In situ Carbon sequestration credits thrown into the mix.
Dazzle
@damofarl 00:42
Great post and summation o DEC. I would like to add onto your super post a little just say that in my opinion to the greens i think, that DEC is a double edged sword from the old days of doing things with a new way to make it far less a climate problem, yes we know that these previously owned and bought up old dilapidated gas wells even the trickiest tiny producing under the USA legislation allowed to before being plugged plus revitalising the reworked ones that are now part of our bread and butter which are more efficient and less likely too leak. Among the 67,000 wells DEC own, more than Exxon Mobil have had (some bought from them too) these are from the article not long ago posted on old wells that leak methane from previous owners. This is where DEC i feel should be or are the lesser of the two evils in the greens eyes and a Necessary one at that, DEC is over promising and walking the ESG walk on fixing the more prioritised leaks as best as they can find them (now with more extra hands to do third party work) but with so many of those 67,000 wells probably a few are really not worth producing and leaking methane at a cost to DEC and the environment with in DEC’s vast expanse of gas wells some might think its too much for them to handle, but i say now with more extra third party as well as there own this I’m sure will expend to deliver more than the ESG promise as the now more urgent transition of using gas for the foreseeable future into renewables like solar, hydrogen, fission reactors even new breakthrough tech involving quantum Absorption and other new amazing energy climate saving machines.( i heard just by recoding bitcoins mining could reduce the C02 affect from the energy used by a significant amount) and ( Petroteq Energy’s new C.O.R.T process that can mine, clean and resell the tar sand which is very much in demand, and it doesn’t need to use water and recycles the chemical used in the closed loop system unlike the old outdated methods used in Canada’s toxic tar sand industry where we have a toxic legacy of tail ponds that need cleaning up ( PQE cort process can be used to remediate this problem) the two most use resources on the planet is water and sand which are being wasted away be inefficient industry and bad practices. So you can see where PQE magic sauce tech can fit in, just for an example..
Sorry if i seemed to go of from the point at hand as writing or dissertations are not my forte, and damofarl has written a different perspective piece of pointing out many things on DEC. These posts all add up to help in their own way.
Dazzle
@wongafc
I agree, it’s getting very frustrating to hear things from other companies other than Tomko. I think if we email the bod let’s see the response we get
@unvrkw
Did DEC record a video of the webinar or a transcript for those who couldn’t make it?
@vauch 08:18
I’m sure Tomco will be happy to answer ANY genuine concerns from investors. I think the more questions the better to be honest as it can give a good broad understanding to the timeline of expectations and more communication updates or at least some tied bits in between, loooks to me TOMCO are covering all bases here, if they CAN’T get funding for the PQE cort 5000bpd plant then the lesser 720 acres at tahII seems a smaller but more concrete and practical enterprise…
Just some thoughts and opinions, dazzle
Yep very odd indeed, baffled by PQE choice of interviewer. Thanks for the link Crownos.
Anyone got the link for this. PQE interview?
Just like to point out this bit aswell..adding onto vouch 07:22 post
From QFi outlook:
· The Company's cash balance of £5.6 million at 31 December 2021 is sufficient to reach revenue generation in H2 2022 subject to the conclusion of commercial project agreements. Non-project cash expenditure is currently around £240k per month.
Ties in with Tomco hopefully going into production in June h2 2022 using QFI bio-msar , test drilling should be completed soon for Tomco and results given over the coming months or sooner
@vauch
I share your pain vauch, a lot of good trades on my watch list gone to waste coz delay in PQE offer payment.
Almost starting to have doubts, but holding strong as sentiment across the board is positive things will go ahead.
Expecting Tomco news update on the test drilling/results and eventual production permit..
Also be surprised to see more deals coming our way.
Typo: pet rooms = petromod
@crownos 08:24am
Cheers for the link crownos, I’ve signed up and it looks great. Pet rooms has done a good job again at starting a new Reddit page for Tomco. I’m hoping when the PQE offer sale is paid around 18th April that the Tomco Reddit and l.s.e chat boards wil be buzzing with info…this is totally under the radar for now..
@itradeshares2:17pm
Thanks for the feed back, only glad to help out.. found some more links that could be competition to tm1
https://www.latimes.com/business/story/2022-02-17/ford-volvo-redwood-materials-battery-recycling-nevada-california
https://www.redwoodmaterials.com/
Missing the bigger picture and point here that TOMCO are still very much looking for funding a PQE (cort and posp) type plant, so they must still be confident of the licences being retained for a 10 - 20yr production life?
I emailed Steven Byle in early January and his reply was positive and mirrors crowns views, subsequently what followed was good updates deals and drilling news on TOMCO..make of that what you will.
@brenbrad 09:06 am
Could be typical MM tree sake to gain more shares for larger buying orders perhaps? And who are those that can buy at large orders, ii? Or more confident public
@goeabz1903 8:17am and @Floydian 7:02am and Brian1234 6:53am
Looking forward to md and wireling logging this week and maybe into next week perhaps. And yes still a mystery and baffled by drop but a blessing and opportunity for some to avg down or buy in lower on great news.. still not out of the woods yet but looks really promising..
@blackadder2708 07:42am
Yep what a surprise on the drilling too total depth excelerated sooner than i thought would of taken, this seems to me that they are very keen on flow testing this baby for sure and with the added extra cold weather snap keeping things non-thawed at the moment things looking up.
As for the todays drop WELL same ole usual Shenanigans that Defy logic and reasoning on a positive RNS. But i suspected something would happen like this just a matter of when… maybe MM getting whiff of past sp plays just before or after certain drilling depths? Seems a coincidence to me of a drop off or it could be just that disappointed traders looking for quick buck pre drill results.. my next point is how many if the ii are confident or not at buying even more of the bulk of 88e shares if they already hold over 10 billion, bit of a surprise to me on this as not many would hold an AIM share that has previously not flowed oil (condensate excluded here ) unless their risk to reward has changed. I would say be cautious but follow the money and sentiment.