Posted from reddit, who attended TomCo AGM8 Jul 2022 22:51
So here's a report from someone who was at the recent AGM
There is so much going on, best summed up, everything is progressing, nothing negative. The most upbeat AGM I have ever attended. It is a bit like a volcano just bubbling over, waiting to explode, once the finance is announced it will explode with lots of oil and sand carrying loads of dollars. There are 3, or was it 4? projects referred to as add-ones, whilst the CORT site is being cleared to commence work on the machinery. One small point but of great significance was the quality of the sand, which JPsaid is of ‘fracking quality’ sand, which fetches the highest price. Now don’t for one minute think TOM is turning into a ‘fracking?7; company it is not. The same way there is no tie-up or dependency with Petroteq. Zilch. However,there is still. A smill tie-up still with Red Leaf. But they are doing nothing at the moment, so that is inconsequential, to the big picture. There will be 7 wells drilled to produce oil. I talked at length with Zac, who is very positive. apologies if this is a bit disjointed, but was out last night with my son, and now need to catch a train.so, I just needed to get this on the board. One last point, I said why weren’t we getting more publicity with publications. I was assured that will come when the lava flows. It seems everything is in hand. Let’s face it. There is a shortage of world oil. One projection is 300$ Pb, no at the AGM! I am not sure about that, however with oil price where it is now, And the dollar getting stronger, Tom’s vaLue increasing every day. Lots to look forwArd to. GLA As you can see, it was a good meeting, with lots covered. We haVe to be grateful to JOhn, give thanks for all his hard work.
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