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Hi as like you a lot if not all are sat on whacking losses in this one so you will find even large holders get miffed and vent from time to time, It at most times is not personal but out of frustration.
I wish more of the holders would attend the AGM then they can vent their annoyance to the people responsible for running the company.
I was told at last AGM that with in two month things at Tomco would be vastly different.
I doo feel from the comments at AGM we have been let down and the SP reflect that.
I noticed in the June RNS regarding the potential greenfield funding would 'involve TomCo disposing of a majority stake in Greenfield to a partner(s) in return for, inter alia, certain upfront cash consideration, a continuing minority equity participation for TomCo in Greenfield (without the requirement for further capital contributions from TomCo) and the provision of a sizeable funding package to Greenfield'. I'm not sure the share would garner much of a rise on those terms.
Well I disagree to that making not a lot of difference to Tomco.
At this point any deal is now better than none.
Even if we only retain 25%
Utah Division of Oil, Gas & Mining Hearing 6/28/2023
HSO approval of the test wells given
OGM Board Hearing The Motion;-
The board move to recognise HOODOO as a proper party, withstanding is to Heavy Sweet oil request to unitize the subject lands under the condition, all facts within this boards december 8 2022 order be conclusively established regarding lands within the pilot project moving forward.
2. Docket No. 2023-022 Cause No. 471-03 – In the matter of the Request for Agency Action of
HEAVY SWEET OIL, LLC and AC OIL, LLC for an order establishing the Asphalt Ridge Enhanced
Recovery Unit for the insitu production of heavy oil from sands within the Rimrock and Asphalt Ridge
deposits in Sections 22 and 23, Township 4 South, Range 20 East, Uintah County, Utah.
(This matter was continued from the May Board Hearing to a Special Board Meeting on June
12, 2023. The June 12, 2023, Special Board Meeting was subsequently canceled, and the matter was
continued by Board Order to the June 28, 2023, Board Hearing.)
And to take such a whacking pay rice with no real performance is a slap in the face and it will be one of the reason for him to go, but I think he knows it is coming to an end at Tomco for him, I do believe he already has a place at Heavy Sweet lined up.