Member Info for JoeYangtze

Vauch,keep posting,you know what you are talking about. Potter has had enough time to prove himself and failed every time. Plus he is draining the company of funds. If it were a football team, he would have been sold last season.

I don’t know how long you have been in TOM ASiS, but you don’t seem to know the history. If JP was removed, the sp would move up, saving on his salary as a starter. ASIS, remember “who dares wins”.

Furthermore, Potter has already jumped into the fire. We need to jump out of the fire into a solvent business. Impossible with Potter at the helm. Look at the facts, mcap and sp, that is his legacy, a child of 7 could do better.

Asís? Why would it be rudderless? It already is with the current CEO.

There is a Chairman, Zac Phillips, who is on the boated, has all the credentials for the job. It wouldnt to be difficult to find a replacement. Couldn’t do worse than the current incumbent. Changes have to be made.

I was just reading a few old rns's, and came upon this:-

Board Changes

On 24 January 2022, Zac Phillips was appointed as a Non-Executive Director of the Company. Zac had previously been, and continues to be, engaged by TomCo, through his company, Oil & Gas Advisors Limited, to provide advice in respect of a number of financing initiatives.

Zac has over 22 years’ experience in the oil and gas sector, and of finance, working for companies such as BP, Chevron, DB Petroleum, Merrill Lynch and ING Barings, where he undertook finance or finance related roles. He is an expert in the valuation of oil and gas exploration and production assets at all stages of the cycle. Previously, Zac was the CFO for Dubai World’s oil & gas business (DB Petroleum), with responsibility for risk management, valuation and authoring of investment proposals. Zac has an Honours Degree in Chemical Engineering and a PhD in Chemical Engineering. He is a member of the Society of Petroleum Engineers, Institute of Chemical Engineers, American Association of Petroleum Geologists and the Association of International Petroleum Negotiators.

At the same time, Richard Horsman resigned as a Non-Executive Director of the Company in order to focus on his other business interests. I would like to thank Richard for his contribution to the Company and we wish him well in his future endeavour.

So, with such a well-qualified Board member employed to carry out financial initiatives, why is he not in control of financial initiatives? Why does the CEO run the finance, Fail to complete any, get a pay rise, and the talent is left out for a non-qualified board member? Does JP think he is better, with no qualifications, than the Board member with excellent qualifications experience and success, in finance, oil and gas, the reason why TOM is struggling to raise finance?

I repeat my request to share-holders to attend the AGM and vote to remove John Potter from his position and salary as a positive step forward.

Minimal, all of TOM will be left after funds are raises. They are not selling anything.
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Thanks for your advice, Bottoms up. I find your reference to Stuart’s wife unacceptable. As is your advice

From the other thread:-

From QFI presentation this week.

Business update:
Greenfield Energy LLC (TOMCO-Valkor)
Utah, USA

Heavy sweet oil opportunity (3-10 kbpd oil per site):
? Opportunity for 0.5%S IMO compliant fuel from the Uinta basin, multiple site potential.
? Commercial development agreement signed with Valkor in April ‘22.
? Heavy oil samples successfully tested at QRF, further samples expected for sub-surface oil.
? Exploratory sub-surface core drilling completed to confirm oil reserves estimates.
? Future “carbon negative” oil extraction, with oil expected to be available in Q4’22.
? Site trials are expected to lead to commercial supply, subject to agreement in Q4’22.
? Stakeholder discussions to finalise trial agreements and commercial supply progressing

Read the updates from Innomed Tec

That is not good advice Bottoms Up.

Correct, Fadec. I don’t see why the panic. Utah Givernment is backing Tomco..

Would I be right in saying that they would not apply for permits until funding obtained for the wells, otherwise a bit like cart before the horse? Wtfdik

I think that maybe there is a big order being filled. I had big problems getting the 60000.

Hang on Vauch, it is only Wednesday

Hey Mitch, haven’t seen you around much. Not a de ramper are you?

I would have thought with what I have been reading re the world at the moment, that anything to do with oil, green oil at that is probably 100% recession-proof

Crownosi, you are forgetting that Valkor are partners in Greenfield. They are a big company

Dfg, read the posts from Vauch and myself re Petroteq. TOM has no tie-up or dependency upon the PQE deal, From the Chairman at the AGM. Patience will be rewarded as they say. I hope! GLA

Stephen, there will be no placing. Look at the accounts.

When it comes to shareholder information, pluginbaby, it seems pretty obvious that t hey have done nothing to keep shareholders updated.

Good post dfgHowever if the TOM. deal depends upon PQE, the least the BOD can do is to tell the shareholders! FFS! Don’t just sit there doing nothing. It is pitiful performance by the BOD. We should vote them a pay cut at next AGM.