Member Info for Sarir

Could it now be Cantor Fitzgerald Europe as the front runners for the finance, looking forward to the next few weeks :)

Yes, after the RNS today most definitely, including myself. I’ve just googled Cantor Fitzgerald Europe and I’m even more excited now, but also very sad to hear that they lost many of there employees during the 9/11 attack.

This is getting very interesting now :)

Yes in my honest opinion, as a PQE investor and being in contact with lots of other PQE investors :)

There will be a lot more buying Tomco after the 7 February.

I can fully understand the frustration of being here for 2-3 years, but a lot of investors bought in with the news of the JV with Valkor to create Greenfield, as we all know Valkor is no longer a partner, but a major shareholder. Together they modified and improved the PQE POSP, to prove the possibility of building a 5-10k commercial plant.
We now have PQE about to be bought by Viston for around €420m, this should be completed by the 7 February. For a company like Viston to invest this amount of money, we are for sure going to see the first commercial plant built sooner rather than later.
There is now, more than ever going to be a lot of interest in this technology in UTAH and when you look at the licences that Tomco and Valkor hold, it’s going to get really interesting here, so definitely staying around for this one.

The Viston purchase of PQE is just the start of this journey, I’m sure Tomco will be looking closely at the way this develops. For this amount of investment from Viston, the first commercial plant should be built, we might also discover who is behind Viston, is it one of the big boys. AIM is high risk, but every now and again you find a little diamond in the mix, could that be Tomco, just a thought.

Totally agree Crownos, but what puzzles me is the Viston purchase of Petroteq, estimated
at around €420m. ( euros )
I realise that they will then have the licence and technology for them to build plants anywhere in the world and not just Utah, but it is still a massive amount of money to invest in something that has not yet been proven commercially yet.
Very much interested in Vistons plans for the future and how this will also help Tomco to move forward.

Going to be interesting times, after the PQE takeover, that’s for sure.

Tomco next Chad :)

Yes, all the latest sells are definitely buys

Sincerely hope so Vauch

Mr Potter and his mate Mr Byle should hopefully be on Proactive Investor soon.

Such a shame we have to relay on other sources for information, but at least JP is on his way back to Utah, so hopefully drilling starts soon.

originalharrystamper
Might be wrong, but can’t imagine Tomco would be interested in buying the existing POSP, as it’s only use now is for demonstration purposes.

This was the statement from JP regarding the wells, so no explanation necessary as yet, but a tweet would be nice :)
We expect the permitting process for the production wells to be completed in Q1 2022, following the drilling of three exploration wells intended to occur in December 2021.
"Greenfield is currently focused on commercial negotiations with third parties in order to seek to secure the funding for its future plans, together with progressing the required permitting and other preparatory work. We look forward to providing further updates in due course."

Sorry Chad, your correct, didn’t realise, but still very relevant.

This is all starting to look very promising

https://www.proactiveinvestors.co.uk/companies/news/926920/quadrise-shares-soar-as-utah-heavy-oil-trial-advances-926920.

dfg4699
I agree with what you say, this has been a long hard journey for lots of Tomco investors, but many can see this slowly turning as this mornings Proactive report OIMO

Proactive Summary

Dramatic share price upside under a positive outcome for the oil production projects

These estimates compare to the current TomCo share price of 0.7p per share, implying 6.5x to 30x upside to the share price. We recognise that the market will apply a substantial discount until:

Permits and financing are finalised, which we expect in the next 3-6 months
Site work commences
Revenue commences
We argue that the current TomCo share price leaves dramatic upside potential under a positive outcome for the oil production projects.