Member Info for Fadec92

Vauch I don’t think it’s nonsense as they have already mentioned they are progressing the permits in the interim results, but I think an operational update could be released at this point!

“Additionally, Greenfield continues to progress the requisite permitting for its planned production well programme on the TSHII site following recent changes to the relevant permit legislation”

Yes agreed KdixI don’t think the permits is material news, but never the less can see an operational update coming as we will be informed of the plan that we have some details already.

Permit Application with Utah Division of Oil and Gas.

4 Vertical oil Wells from Rimrock & Asphalt Ridge Deposits

Operators are Greenfield Energy which is a Joint Development AC oil (Tomco) and Heavy Sweet Oil (Valkor).

https://twitter.com/fadec92/status/1575546334496829447?s=46&t=qjoXnIjljI3exYk8cltX2A

Not me Fitzy, wish it was! Lol

That’s my last top up I think the 50m nearly done!

So will they need to draw down on the facility again as they can up until Friday without consent, I think the first conversion has happened, does that need to be notified by news release? I think they just have to give notice to the company and I think there’s a bit of selling to cover the 50m shares issued to them, but there has also been some buying so maybe all equal.

“The Company has already drawn down the initial tranche of £375,000 and has at its sole election, an option to draw down all of the remaining £375,000 on or before 30 September 2022. If the option lapses, the second tranche may thereafter still be drawn down by mutual consent of the parties. Interest equating to a fixed amount of five per cent. of the principal amount drawn down shall accrue until repayment, conversion or redemption of the notes.”

Big buys still coming through..I’m i allowed to say that! Lol

Viston could also be thinking that it could be easier to takeover Tomco, but only if they were not the issue with the cfius rejection being a US asset the cfius would have to be done

Tomco’s market valuation is very low for a company seeking funding for a plant build with a multiple license that stakeholders and various companies, fund managers can only capitalize by taking up through Greenfield or Petroteq, any assets in dollars is good for us in respect of the weak pound In dollar assets converted.

The ****wobbles have turned up…. always a good sign!

Any big buys will take it up further

There must be news coming.

Yes AJ the same

Yes me

But surely at the point of production, then there can be various big oil companies that would be competing, getting in early would have the advantage.

Yes you can see the current infrastructure in place with the dark colour of the mined Oilsands, looking at the pictures you can easily imagine an investor wanting to get involved with this, it’s just screaming… just put a plant in an start making money..and on another note how can big oil look at this and think there’s nothing to see here…it’s beyond belief!

https://twitter.com/fadec92/status/1570512806725943297?s=46&t=0zTralTT4mR6iGyo0Bv-NQ

PetroMod posted these pictures up on the TomCo Reddit Site.

https://www.reddit.com/r/TomCoEnergy/comments/xf0orl/new_photos_of_the_tomco_planned_plant_operations/

https://fs.ogm.utah.gov/bbooks/2022/08_Aug/Briefing/20220824_Briefing1_IntroductionToHeavyOil.pdf

Looking better today holding that 0.40 area