Member Info for JoeYangtze

Lot of buys today, and sellers about to miss the train.

Not sure about the $70 Vauch but it is halfway there.
On a 10,000 bopd plant, it could work out at $64 oil, $26 premium $30 $ sand. $ On a daily basis $120 pd, less royalties call it $100 per barrel, $100 x10,000 = 1million dollars per day..300 days per annum running .$300, 000,000 per annum.

Of course variable factors come into this which could change things dramatically, including my math. GLA

That is why I see today’s sellers as silly boys and girls

Let’s hope that all these sellers are gone making a small profit. Then TOM can literally announce that the POSP plant is operating with modifications by Valkor, leading to 5000 bopd, as it is not price sensitive. Thanks to PQE, it is out in the open. Let’s get something from TOM, confirming the PQE news, and let the sp ,roll on upwards.

Unfortunately not. It was that there was a last trade at 0.5, so we open at last closing prices that is why it is down 6%.however QFI were up on their rns regarding the Starting of the POSP. here is their rns:-

Update re Greenfield MSAR(R) Commercial Trial Agreement

Quadrise Fuels International, the supplier of MSAR(R) and bioMSAR(TM) emulsion technology and fuels, low-cost, cleaner alternatives to heavy fuel oil and biofuels, notes the announcement by TomCo Energy plc ("TomCo") today in relation to Greenfield Energy LLC ("Greenfield") and the Front End Engineering and Design ("FEED") study being carried out on the Petroteq Oils Sands Plant at Asphalt Ridge, Utah ("POSP"). The TomCo announcement explains in detail why commissioning and start-up of the POSP has been delayed during Q1'21, to enable the processing of ore from a potential site (the "Potential Site") which is being assessed and on which Greenfield's first 10,000 bopd plant may be built.

It is expected that the enhanced POSP will restart after Easter, and that oil samples extracted from ore of the Potential Site will then be taken, assayed, and then shipped in April to the UK, to enable the Company to complete the necessary lab and pilot testing at the Quadrise Research Facility ("QRF") as planned. As previously noted, we anticipate being able to complete the MSAR(R) tests at QRF within three weeks of samples being received.

Indicates a professional and educated BOD. I have been saying that the CEO is unfit for purpose, as he continually shows with his pathetic lack of shareholder updates. Aimho

Looks like someone has sold 5 million on the lack of detail in the rns. Just shows how weak, non-communicative directors, in TOM’s case the CEO, drag down a sp.

No, just test the oil from the new greenfield lease. That is up to Petroteq from current lease whether they use their lease, to be tested.

If it is working it is producing oil and sand, need to know the production rate of oil. That will get the share price moving up.

Don’t forget the time. Difference, Vauch.

100% correct Vauch. But JP won’t do anything unless he is directed to do so.

A good appointment by the looks of his qualifications. Why do we now need 5 directors? The other 2 NEDs have done nothing.

Hi Macnai, good post, particularly first paragraph is so true..

The only way they will attract new clients is to have a successful track record and a stock listing for CIC Capital. I would just add a good value stock listing for Capital, Will be important. One thing that they have got right is concentrating on pharmaceutical companies as per prospectus.

I am comfortable with that email from Stuart. Very encouraging. It is happening but as always the time-line is dictated by the regulators and accountants.

0.5 just broken.

Clever, eh?

Well progress has been made, I would say half-way there. Don’t forget the sand, that is going to be worth a lot of money. I wouldn’t criticise the BOD too much, but just be grateful that TOM are at last engaged with a qualified engineering company with expertise to solve the problems.

Sounds like Petroteq’s initial attempt was amateurish. GLA TOM holders.

Well, if the government are providing free PPE’s and face masks, can only be good news. Someone has to pay fort hem. I

Thanks Teesexile

Absolutely right , sad old bit. I live in Eastern Europe, had a phone call yesterday, “all my friends are going sick, and my friend at the hospital says they are full. We are in lockdown. These masks are perfect for health workers.

I agree with all LTHers, an operational update is due.

I notice a lot of “Little Englanders” out there, saying people are only wearing cheap blue masks. Probably take their holidays at Blackpool and Margate. With all due respect to those erstwhile Cities.

However, there is the rest of the world, FFS! The biggest market is the USA. Has anyone in marketing thought of contacting the Bill and Linda Gates Foundation. He is heavily involved anything to do with coronavirus. Made a fortune in Pfizer as it went up 50%. I am sure he, or his Foundation, would be interested in these masks. Someone get the Board to contact them.

Absolute piffle Jodrell. Don’t you read the news? The corona virus is a world-wide problem, increasing every day. I don’t live in UK, but a friend here said she has so many friends that are sick and that her friend who works at the hospital are overwhelmed. Just check the facts before making fatuous remarks. Then you won’t look stupid again.