Member Info for minimil

@Torr.. (cu 5p). You will have sold most of your holding before 1p. Unless you can come up with some decent rational for 5p, 10p then stfu. I am more than happy to discuss this with people who have a clue. How can anyone predict the SP without the issue of final FEED report, schedule, cost, and how it will be financed??? You must have seen a palm reader or have a crystal ball.

Pump and dumpers have shown all their cards today. Note and beware.

@Torre..- some serious weed you are taking. Your numbers are baloney. Stop ramping.

@Sundayroast - Target is for a 10kbbl/d plant but TOM will only get 4750 bbl/d. Unless they buy one all to themselves. What is your 10p + sp prediction based on?

The technology is owned by Petroteq which can be used under a license agreement. I am sure TOM will be negotiating favourable terms along with Valkor as they have provided most of the cash for the POSP.

@Buy-Sell - it's perfectly reasonable to discuss how they are going to finance this $185MM plant (based on previous FEED report). TOM has always financed its projects by share placings and warrant issues. If you don't believe me go through the RNS for the past 10 years. I am sure LC is a decent chap but do you really think he will find us a loan over 3-4 years at 10% interest for our share of the capital costs?

Congratulations to Sir Al for finally getting the LFT approval. Is it too late though? By year end most of the world will have had their two vaccinations. Why should those who have proof of this pay for tests to fly, enter a cinema etc??
SP is $2.50 ish today but how much of that is Covid related compared with cancer? It's going to be an interesting 6 months ahead and I look forward to the projected sales of the LFT's given the competition that was not there 9 months ago.

@ Vauch - on family matters perhaps you could become Power of Attorney? I've done same with my mother which provides her with protection from the low lives of this world.
On TOM, 6p is definitely possible but as i have always stated in my posts we await the final FEED report which will include the costs and schedule for the full blown 10k plant. As you are probably aware from TOM's history all its projects, RED LEAF, TURBOSHALE, and GREENFIELD have been financed by multiple placings at mates rates and lick my A rates for the warrants. They are on the cusp of something big here and need to think hard how they finance this. ATB

@Torre.. a lot more than my little calc prediction. I've just listed to the GS interview and he stated that we would get slightly less than WTI price for the oil and quite a bit for the sand tailings which are frac grade. Happy days ahead.

https://youtu.be/pqfas-FXi8I

@Recycling - Assuming in that time frame there is a plant running producing 10,000 bbl/d. POO $60/bbl (but not likely to get that) so let's assume a profit of $20 per barrel and $5 per barrel on the sand sales so $25/barrel in total. 50% JV and 5% royalties, plant up time 90%. Revenue c. 28MM GBP.
We await the final FEED report to get cost estimate and schedule but let's say TOM's contribution is 50 MM GBP. Big question is how will they raise that amount? A loan, Farm-in, share dilution? Combination of all three? Say a 4 year loan paying back half of the profits leaves 14MM GBP. Other costs, tax let's say they come away with 10MM GBP. Apply a p/e of 10 then you get something like 7p a share. Back of fag packet stuff so come up with your own numbers depending on how optimistic/pessimistic your are. Above are conservative imo.

@Indigo - We don't get the full brent price because of the low API, and there are also other factors such as transport costs. I cannot disclose the amount but we still make a decent profit.
I expect TOMCO/Petroteq will be in the same boat, so along with the technical side they need to find the best takers for the product. API 17 crude still has a decent market so don't worry.

Cannot believe what I am reading on this board lately. So many experts on crude oil properties. Keep going I am really having a major lol.. Final FEED report will be issued in a few weeks time, which hopefully is positive and presents a commercial path to success!. Company I work for sells API 17 crude producing 35kbbl/day. MC almost $600MM, makes you think doesn't it?

OS - agree mate that is why I await the final FEED report and a plan of action for a full production plant. However, it should be pointed out that there were many nay sayers concerning the POSP and its technology and they took every opportunity to criticise without the facts. Fact is now the technology works, so you are either out having taken a small profit or in for bigger things. We await TOM's comments on the FEED report and their plan of action for the next 12-18 months.

keep your panty hose on matey - $10/bbl is accepted/agreed.
https://www.thepricer.org/cost-of-a-ton-of-sand/

Salinger - Sand revenues of $10 per barrel of oil produced is not the same as $X per tonne of treated sand sold.
You are getting your basis of sales mixed up. Various posters have been discussing what X is so you can put in your own figure.

SK - best wait for the final FEED study/report. Assuming all positive there will be several options for funding. A farm out is one option on one of their patches to generate the cash flow without risking millions. They then can build another plant elsewhere without the need for help.

Would be great that it implies the technology is commercial. Revenue for TOM once a full blown 10kbbl/day is up and running is around $75 million. What would that value TOM at once the plant has been paid for. Possible takeover of TOM?

I await the final FEED report rather than all the speculation that's going on ATM.

Sounds like they now have most/all the information/data they need and now want to see how far they can push it towards maximum production. Would have been nice to hear about the oil quality as well as the sand quality.