RE: Brains7 Feb 2020 16:55
Whilst I am by No means the brains of any BB here is what has and is going on.
in 2019 tomco did a field test to prove that their turboshale system would produce oil from OIL SHALE. In anticipation of a fully successfull outcome the SP ran to 14p. However the field test was only partially successful (company view) and the SP collapsed as investors deemed it a failure. Tomco then started work on improvements to the wellhead which is where the problem was. They had no option but to raise more money to re visit the field test this year and ad to do so at a pathetic SP of 0.65p. The plan is to revist the same test site and finally prove turboshale works which will be massive news
and also..... (more importanlty in my view)
During this time Tomco were introduced to Steve Byle of Valkor. Valkor were instrumental in getting the Petroteq Oil Sands Plant working and producing oil from oil sands in Utah. Valkor and Tomco are now looking at Tomco's leases with a view to producing a minimum of 3,000 barrels per day. There is a the possibility of larger plants in the future also on tomco leases.
We are awaiting confirmation that the first plant is going ahead. IF this happens the market cap of TOMCO (in my view) will pass the high of 25m easily.
third, there is also the possibility of using turboshale tech on the Valkor oil fields in trinidad but I think that one is further down the line.
In all the next few months will transform Tomco, all of course subject to the first plant going ahead.