We would love to hear your thoughts about our site and services, please take our survey here.
@dfg4699 11:05
I can feel your frustrations, but we have to have a reality check hear. I have been re-reading the last couple of Relevant RNSās and i have change my expectations in line with out of tomco control and unforseen circustances, not that i am justifying the lack of PR although from the likes of other sources including QFI snippets that to be honest tomco bod should of synchronised with at least in some way to acknowledge a Cohesive alignment concerning Utah/QFI/Valkor involvenment if at all possible?
But saying all that i will say again didnāt john potter mentioned that a any shareholder could at any time email tomco bod with concerning questions (not abuse) and they will do their best to answer, if not insider sensitive. So there is no use in over complaining when the risks and delays are spelt out in the disclaimers and they are pretty extensive to be honest and still pose risks in funding (normal requirement from bod to say, hey this is what we would like to happen but getting there isnāt as straight forward as a, b and c because of other factors beyond there controlā¦.by all means hold them accountable and question as much as possible to them. But whinging about it doesnāt make head way or is constructive going forwardā¦we cant be that 5yr old kid having a temper tantrum just because it cant have what it wants NOW. Be like warren buffett and do your DD and research and see value where others donāt and be patient and happy with your purchase until the fruits are ripe to pick.. news will follow soon roughly every 3 weeks on avg. give or take.
@et al
Well if by the latest QFI rns, that hinted they hope to conclude end of april (with tomco) as well as with valkor some contracts. And i hope john potter being in the utah been signing off on paper work (mou, loi, more off take contracts) i will be emailing him and ask anything to declare (that QFI has not already hinted at via their recent RNS) i am hoping for funding for the TSHii full $16.5m 90% and valkor loan for 10%. 1.5m of TSHii to be combined based on recent contracts with vivakor and possibly othersā¦then its full steam ahead to get the funding for a 5k PQe post plant on tomco land.
@fitzy66
Its possible coz, we (TOMCO) wouldnāt want to hear it first from QFI who are expecting to close some contracts at then end of April? As that would put the icing on the peed off cake that tomco bod are somewhat inept at keeping good pr to their loyal shareholders.. didnāt they mention they are open to questions in a transparent way in their recent RNS? Anyone emailed J.P. Or the bod?
https://apple.news/ANKUzjGsJTgWIqPOUzaO7_g Interesting article from phys.org relating to sand mining and water mentions tar sand..relates to pqe cort
@et al
Found this article on phys. Org it is related to tar sand mining you have to read it to get the gist. Definitely worth a read.
https://apple.news/ANKUzjGsJTgWIqPOUzaO7_g
@et al
Sorry to be the barer of bad news, but we will have to wait until june 17th, on a positive 78% has been tendered. This may get fast tracked in the cfius review between now and june 17th. Im really peed off that pqe and viston have been dragging their heels looks like they only put in the pre review-cfius in april 6th? Its only now been excepted for the full 45day.
https://financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/viston-united-swiss-ag-provides-cfius-update-in-connection-with-all-cash-offer-to-acquire-petroteq-energy-inc-extends-offer-2
@et al
Sorry to be the barer of bad news, but we will have to wait until june 17th, on a positive 78% has been tendered. This may get fast tracked in the cfius review between now and june 17th. Im really peed off that pqe and viston have been dragging their heels looks like they only put in the pre review-cfius in april 6th? Its only now been excepted for the full 45day.
https://financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/viston-united-swiss-ag-provides-cfius-update-in-connection-with-all-cash-offer-to-acquire-petroteq-energy-inc-extends-offer-2
@rogerA 08:19 am
This should help you and others regarding WHT, please pass this on as it will help reduce posts,
https://the-international-investor.com/investment-faq/reclaim-withholding-tax-foreign-dividends-isa-sipp
@soulac 9:12am
Thanks for the link soulac, very interesting indeed. I have also found since watching your youtube link another more indepth baker hughes video expaining sagd solutions from 2013, so iām sure baker hughes have made better improvements in revenue generation and efficiancy since.. https://youtu.be/som4c1MIzAo
Dazzle
Forgot to add this from tomco reddit web site pg;
Livid-Ad-1795
Ā·
2 days ago
Admin
I think the last line of this paragraph is an interesting point.
"Further to an agreement reached with our former 50% joint venture partner, Valkor LLC ("Valkor"), as announced on 26 August 2021, TomCo now owns 100% of Greenfield, with full control, thereby affording TomCo's shareholders the opportunity to fully benefit from Greenfield's significant potential, whilst retaining Valkor as a valued stakeholder and future substantial shareholder in the Company. The consideration for the acquisition only becomes payable upon Greenfield receiving funds from, or drawing upon, a loan or credit facility in connection with the construction of an oil sands processing facility as specified in the FEED study, which I personally believe serves to demonstrate Valkor's confidence in our plans and ability to deliver."
I am very positive on Valkor, and I think the point is valid- Valkor must be rather positive about how this is all going to play out.
@crownos
I think you make a good balanced and fairpoint crownos. The word of the month is āPOTENTIALā at the moment and we can only speculate untl official confermation on any stage leading upto drill results and funding etc.. if i may add on the topic of what QFI posted the other day concerning its april obligations in utah which i interpreted as greenfield mainly (technically tomco still need to get funding for valkor to be happy with the 29% shares in tomco in return for its 50 % of greenfield) offically tomco hold 100% but QFI could also be talking about more agreements with valkor who are ramping up its POSP< CORT 5k plant itself. Which is a good precursor for the process to be fully working and in production earning revenues strreams from oil and sand.
Just some thoughts
Dazzle
@borrowfundsfrommum 12:13
Indeed it is and will im sure continue throughout the month as those who got paid at end of march will be putting some of their monthly savings into stock ISA and SIPPās, not forgetting to mention hopefully and fingers n toes crossed on 18th-24th april give or take some broker admin payment transfers some PQE Viston offer sale money will be coming into tomco and maybe vivikor, QFI too?
Defo good news from PQE regarding the 5000k process build..and more credence from Valero who are steaming ahead with their new plant. Just shows Uber confidence in getting this done and into productionā¦must be a boost for Tomco getting funding
@dustofnations 12:43
Big thanks for your effort, cheers..
@Hereās hoping and topuf
Lol yep typo, apologiesā¦.only got a gcse in āye olde Englishā and speak more as a hobbit would do. Less more, than eloquently spoken in a Shakespeareās play. ;-) and as far as my spelling and punctuation goes well i was asked once by my English teacher how is your grammar and i replied āoh, she is ok but her sciatica is playing up a bit and she hates it when thereās a que at the post officeā
Yes we are in the range of placing prices .0045 (777,777,777) and .005 (250,000,000) shares avg combined price of .0046 roughly, so i guess MMās adjusting for lack of progress in their eyes. All still good but with obvious funding risks, lack of clarity with the test drilling from Tomco at the mo but via QFI does seem a bit will they wont they make it in time.. could we see more placings? Perhaps but i hope it is on good prospects to literally start to dig our selves out of this funding hole..
Dazzle
@rfarfa fri17:02
I almost forgot that wild cat story, thanks for bringing it up as it does sum up Alaskan oil exploration and yes i remember it was on the 11th hour after many attempts to find the āBIG ONEā that prudoe bay was discovered and i think it was a lot less back then to be extracted, only new modern techniques have gotten out the 15bn so far out of 30bn oil in place which i remember the late great paul basinski saying when the meteorite hit the area it was 90bn oip, 60bn trickled away over the years. But more interesting was roughly from memory 30% or 40% was from icewine HRZ Paulās field of speciality he was only one of two professor who knew about the special phase process and he got the area right at icewine while the other guy missed it by a few miles..
I had the pleasure of talking to paul B. A few times at the London 88e investor presentations and he had the knowledge of 5 phd jobs roled into oneā¦and helped start the fracking revolution in the Permian basin ā¦
Dazzle
Ive taken a small excerpt from what 46gillingham has posted to keep things short and sweet, and relevant to this thread.
āFrom 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 supplyā
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 backā¦. 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 yearsā¦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 donāt regret, changing my mind set let me unlock a lot of possibilities. Seize the day, have a plan or two, donāt be greedy, donāt 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