focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Yep
It was due to the well spacings being to far apart to make steam extraction fully effective.
The wells are to be closer so they are not only heating their own area, the heat will encroach on the next well setup thus maximising the oil extracted from the area.
On doing so I can see this will up the extraction rate.
It seems that the extraction cost per barrel will be around $15 a barrel
Yep I just read through the complete RNS.
*
As previously announced, Greenfield currently owns a 10% Membership Interest in TSHII and holds an exclusive option (the "Option"), exercisable at its sole discretion, to acquire the remaining 90% of the Membership Interests for additional cash consideration of US$16.25 million which was scheduled to expire on 31 March 2023 (the "Agreement"). To allow additional time for the abovementioned funding package to be secured, the Agreement has now been varied in order to further extend the exercise period of the Option. Accordingly, Greenfield may now exercise the Option, at its sole discretion, by delivering a notice of exercise on or before 30 April 2023 and making payment of the US$16.25 million cash consideration by no later than 5 May 2023. However, there can be no certainty that appropriate funding arrangements will ultimately be successfully secured or as to the terms of any such funding or consequently that the Option will be exercised.
On ADVFN.
Benn posted the .9 warrants have officially expired and removed from the register.
Ones left are
Outstanding warrants…
55,000,000 @ 0.75p - expire 31/08/24
50,000,000 @ 0.75p - expire 30/09/24
41,666,667 @ 0.6p - expire 31/03/26
StanAccy
Posted in: TOM
Posts: 672
Price: 0.305
No Opinion
At last03 Apr 2023 09:01
Hopefully this is the end for an awful company that has been kept alive for far too long with nothing to show for the years and years of investor money and major dilution.
And to think they were meant to have the tar sands deal done last April!
Delay, fudge, avoid, delay, Fudge, avoid - all while the BOD got their big pay packets.
TOMCO is another fine example of a dreadful company that has rinsed investors.
StanAccy
Posted in: TOM
Posts: 672
Price: 0.305
No Opinion
At last03 Apr 2023 09:01
Hopefully this is the end for an awful company that has been kept alive for far too long with nothing to show for the years and years of investor money and major dilution.
And to think they were meant to have the tar sands deal done last April!
Delay, fudge, avoid, delay, Fudge, avoid - all while the BOD got their big pay packets.
TOMCO is another fine example of a dreadful company that has rinsed investors.
When did they sigh an agreement with Petroteq to use the tec.
Valkor put the licence into the hands of Greenfield so no longer have a licence.
This is why they are also going for greenfield now.
Also the by product may be used in the solar production