Member Info for JoeYangtze

Thank you. Yes, we need the Market Cap up.

What is 3m MC, please?

What makes this so important, is that almost every ‘Fracking’ US Company is losing money’s $55 pbo.
Transfer Turboshale onto shale oil and if it can replace ‘fracking’ and see where we go!

As far as I know Fuels is massive. TSX is the Toronto Stock exchange.

TD has got it 100% wrong. As usual. I can confirm mcnai’s post

I think the price is being manipulated to keep it low. Every time a flurry of buys then you get a flurry of sells to keep the sp static. It is being held down for a reason, for a big buyer to buy cheap when the results of oil succès in Field Test is announced. I think most genuine holders, that know about TOM will not be selling now. JUST MHO.

I just posted this on advfn, re oil price and TOM’s assets.

mind:-

Turmoil in the Middle East Means Higher Oil Prices

STORY HIGHLIGHTS

On May 13, saboteurs damaged four oil tankers near the Strait of Hormuz.
Geopolitical events are pushing oil prices higher. And it’s all too similar to the early 2000s.
The USS Abraham Lincoln aircraft carrier is operating in the Persian Gulf to protect U.S. forces and interest in the region: Expect higher oil prices.

By Matt Badiali, Editor, Real Wealth Strategist

The oil price loves a good geopolitical crisis.

During the run-up to the first Gulf War in the early ’90s, the oil price soared from around $15 per barrel to over $40 per barrel in less than four months. That’s a 167% gain in less than half a year.

At the time, $40 per barrel was the highest price since the oil shocks of the 1970s.

Then, from 2001 to 2008, the oil price rocketed again. It soared from $17.45 per barrel in November 2001 to $145 per barrel in July 2008.

That was a 731% price increase over seven years. It set the stage for a decade of huge gains in oil companies.

And that situation could happen again today.

Remembering that TOM has 1.5 billion barrels of oil. That is .0002 cts a barrel. Normally, oil in the ground is valued at $4 pho. Just $6 billion as a real value. $50 on current share numbers? Dyor. 5 weeks to Field Test.

I don’t think anyone is happy with the Nomad, especially me! I get the feeling it was a bit of them and us, them being the reps, lawyer, Nomad.

WAs at the AGM, I asked who wrote the rns, as I considered it to be one of the worst I have ever read. We were told that the Nomad had a hand in the writing of the rns, and had employed their own surveyor to verify the results (an insult to IGES).

Not been mentioned so far, was the BOD turning down the offer of a Convertible Loan of £2,000,000, which would have taken the company to pre-commercial production. According to AJ it was turned down on advice from lawyers and Nomad. When I confronted them afterwards the called it death-spiral Loan. To which my reply was, so a placing at 2p and 2.75 almost doubling the shares holdings, was preferable. Anyway that is history, but I got the impression that these guys were only concerned with their own positions rather than moving TOM forward. I asked why so much attention paid to the perched water, to which they replied “every small detail must be mentioned” to which I replied “ load of bollix” if it does not affect the end result then it is not important. Next thing they will be reporting the weather for each day. When Laurence spoke, the NE it was with clarity on TOM and the oil industry. He agreed when I said that as the Field Test progresses, and both directors are on the other side of the pond we need another Director worldly-wise in the affairs of the oil and gas industry. However funds do not permit at the moment. After the meeting was over, I was approached by someone, I don’t know who, I think the Company’s geologist and thanked me for my input. I asked if I had been too agressive, and he said “no we needed it”.

Good things these AGM’s

My comments on advfn

now have clearer knowledge and understanding of the recent Test drillings, as reported in the rns, having attended the AGM. I will cover that first, which I thought was poorly written, and as far as I can ascertain, not really understood by any shareholders ( except perhaps guys like rugrat). Mention of water early in the rns, spooked some guys into selling immediately. Big mistake imho.

The site chose sits 6000ft above MSL (Mean Sea Level), drilling being above a ridge within 50 metres where a core hole was drilled in 2010 to a depth of 215 feet, where no ground water was encountered
3 holes were drilled (MW1) 180ft.groundwater only encountered below the mahogany zone. For the uninitiated like myself, the mahogany zone is where the kerogen containing the oilshale is trapped. Therefore this well can be considered as dry for the Field Test.
MW2 130 ft and MW3 100ft. These 2 wells encountered ‘perched’ water, essentially puddles of trapped water, 67 ft above the mahogany layer. Theses wells will be encased and the improvements to the antenna, will include a casing. The wells can be considered dry for the Field Test. So, the exploration wells have identified this site as suitable to progress to the full Field Test.

Dan Seely of IGES commented: “ localised perched water intervals are common within the Green River formation stratigraphy of the Unita Basin which hosts the Company’s Holliday A Block. Experience in the area indicates the localised intervals are laterally discontinuous with very low recharge rates and are easily drawn down.”

So, it is a natural phenomenon, with very low risk, eradicated by the casings.

Equipment for the Field Test has been ordered, and subject to permits being agreed for the full Test, site préparation expected around the middle of June. With the Team’s arrival early July, the Field Test is expected to start,shortly thereafter. Oil is expected 3 weeks after start of the antenna.

So, with no set-backs could have oil by end July/early August.

That is how I would have liked to have seen the rns written, downplaying the mention of the water, mistaken by some as interfering with the Field Test in the original rns

I will go and try and report back.

On the previous first Bart Test over 20 years ago and the previous Test which produced oil. Common sense, compare it with fracking which requires explosives, water, sand and chemicals.

This will produce the cheapest oil in the USA with over a billion barrels and they drop the sp!

I think it was a rollover. IG selling at 2.15. Still far too low.

Mraverage is absolutely right. Stuart has been following all the correct procedures. It is the regulators, that are the hold-ups. They are not blockages, but just slower than slow to reply. Plus since the clamp down on money laundering it is now overkill. Instead of protecting investors they are now more interested in preserving their own positions than protecting investors. Personally, I cannot see any problems with money laundering if it keeps it away from the taxman, ultimately to be frittered away by government agencies. Lesser of 2 evils. People may not agree with my opinion, but that is what it is. Aimho

Teacup, how can we possibly debate with someone so clever and with such knowledge? And no shares. Basically, the BOD are a bunch of amateurs. I have recommended them to be replaced. No one is interested. We need professional people to run a company with world-class assets. They had a much better offer but turned it down, for a placing at 2p. Speaks for itself. Nothing to debate.

Incidently, don’t believe a word TD says. He doesn’t know anything. Same old tripe every year.

I think we are close to Fund listing in Canada. The only problem now is the xmas break. 8-10 weeks from now is my guess. One key to unlock the oher 2 and they can then they move forward. Yes, everyone including SB are fed up with waiting. You just cannot rush regulators, who, basically, are Civil Servants. It is a waiting game that seems like eternity. However, things do move eventually. I think we will be better off listing away from U.K, watching the fiasco with Brexit. Too many loopholes depending upon EU goodwill. With non-elected leaders in Brussels. Who is next Poland, Austria, Italy, Portugal, if Merkel goes, maybe Germany?

You got it in one D220. It’s the funding stupid!

As for teacup. I can never comprehend why non-investors bother to post, except their condescending and patronising posts are because they have no friends.

Teacup, trying saying that again and include logic.