Member Info for vauch

Well the news is their is no news.

Placings.

As far as I can tell Tomco for now are not now involved with Valkor.

At AGM I felt that John and Steve had some sort of fall out, I asked Steve what had happened, he replied saying Tomco had not fulfilled their repayment of loan by Valkor. I take it this is where the trouble is with them.

Hot we are not involved in the drilling

Where they not in a strong position in 2022 and 20223

TomCo Energy's Strong Positioning for Success in the Lead-up to 2024

Well this is not true as I was at the AGM.

Potter reports on the recent AGM, updating shareholders on the company's oil sands project where they have recently concluded a free carry farm-in agreement, along with reserve-based financing options, and are well on their way to securing the necessary funding for plant construction and land acquisition.

Well I was told of layoffs at Valkor and tight cash situation.

Well this time it is on a short leach and nothing by December then all the large holders will want blood.

I still voted JP out as I said I wood in many posts but 90% holders believe in him.

Id say its about a 60% chance of success with finance at this time.

Yep I know but that was what we where told and why John Potter did not fly over for the meeting

Yep that is correct.

It was stated at the AGM meeting.

I questioned it as it was stated on Quadrise RNS yesterday. but John says we are not involved it is on Valkors land only

At long last a reasonable attendance this time around.

It was not the easy ride that the board where most likely expecting.

No bulls**t presentations and straight to the nitty gritty.

They are under no illusions this time around about ignoring shareholders and know as shareholders

We own the company and they are employees this was fired home to them.

For me the positive is that the wells that really peed me of about at last AGM are not the focus and the plant is. At last AGM I told the board I was so annoyed that they keep jumping around and don’t finish what they started, at long last they seem to be doing the right thing.

We were told that the 4 pilot drill by Valkor will not be on TS2 and we are not involved in it.

Even though it stated that Heavy sweet and AC oil where doing the 4 hole well test, we are told this is not true.

If you are wondering did I vote him out then it was a yes.

I stated I would at last AGM as we were told the funding at that time was almost complete.

I have a better understanding of ow much Potter has to do as all the other directors are near 3 days a month working with Tomco.

It was also good this time around to have Zac talk more regarding how the finance would work.

In my mind the team seems more gelled at this AGM this gave a good vibe.

Regarding the contact @tomco email.

We got some excuses to start with but when pushed by shareholders and the fact that some of us have business, he finally concluded that it was unacceptable to ignore his employers.

We all know that he can’t say much but I said a polite sorry at this time I cant go into detail but we are advancing on finance, is belter that being rude, If my staff behaved like that I would be giving them a roasting. So consider this yours.

Also at the end of the AGM the directors did not cut and run they stayed around for at least an hour chatting.

Im sure other wat AGM will have more to add

Sack JP first.

Plug, that last bit we can both agree on and at AGM last time I questioned why are we not just concentrating on the surface plant and instead of jumping yet again into another possible oil extraction.

I said as I have been a holder from the start of Tomco the company starts a project then jumps to another without seeing the first one through.

John said that the wells would be a fast rout to easy income and would help in the obtaining the plant funding as they would be a producer.

The co also had the RF well that was due it third tests, the top seal and antenna

had been upgraded but never retested.

They could not produce from any of the wells as this would prove oil flows.

Plug, if you attend this year I will raise toe point again to prove it.

Plug, at the last AGM that was the reason for going down this route, if you attended the AGM then you would know what was said.

I asked why yet again they have changed course now from the plant to wells and we where told it was the fastest rout to getting some income.

Well Valkor will either have to cut a deal as this will now drag on for years.

If I WAS Valkor I would have said if we do the well work and oil will not flow naturally we get the full 100 extraction of the site and if it flows naturally we would go 50/50

As for Tomco they are up turd creek as they where hoping to get some quick income from the wells.

They need to get on with the tar sand extraction and to do that we need a new CEO roll on AGM

So a company that is now worth one eights of what it was at start of looking for finance, and 4 failed attempts so far is fuc**d

Weird! how did that get double posted