Member Info for vauch

LOL

Can't be long now (as we keep on saying LOL!).

Oh yes it can.

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

It has been a waiting game for over a year so far.

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.

The ring is an ever ending circle. this seems to be what we are trapped in.
An ever ending circle.
Tomorrow looks to be a roll over yet again.

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

Also the tax year is also on us with a mega cut in capital gains for April 5th onwards
So get what you can in ya ISA

Hi dfg. it's just another one in the long line of issues.
No mention of cancelled warrants.
Also the 5th is yet another crunch day, another month down the road I suspect.

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.

So if warrants allowed to expire will not add 15% to the total shares in issue
And if the deal is done then Valkor will not be no getting 25% of Tomco either
So a massive dilution avoided if it plays out.

The warrants that where extended at .9 can anyone remember how long the extension was?

It has been so long I have lost track of how much they where intending to raise?

I cant remember if our site sloped to Valkors side with them having the deeper section

Petroteq Energy Inc's ("Petroteq") existing oil sands plant at Asphalt Ridge, Utah (the "POSP"), which includes making the required upgrades and being able to undertake the proposed work programme.

Asphalt Ridge, was that not Petroteq's old site

Wow, go the chance to visit Evolution Mining/Barrick Gold Mine. NSW
My cousin know one of the owners and has sorted a meeting.
Its going to be a golden Christmas

How far away is Easter ?

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