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TomCo Energy Plc (TOM.L)

LSE - LSE Delayed price. Currency in GBp (0.01 GBP)
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0.3722-0.0178 (-4.56%)
As of 04:02PM BST. Market open.
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  • J
    Joe K
    I have a question on Tomco Energy. Since Tom.L (Tomco Energy in London) is .66 GBp and TMCGF (Tomco Energy in the US) is 0.012 and they are the same company why is the share price not 0.9311 which is the exchange rate?
  • P
    Paul L
  • A
    Good buy?
  • P
    Paul L
    The have been producing oil at the test site, and I think this may be on the verge of something big. I think a little time spent on research and due diligence here may have a good payoff.
  • P
    Paul L
    Just a little thought experiment...

    TomCo currently has a market cap of less than $10 million. By contrast, Petroteq is currently trading at a market cap somewhere around $230 million (the numbers fluctuate, but this is close enough).

    What if TomCo's market cap rose to be in the same range as Petroteq's? $230 million divided by TomCo's float of approximately 1.75 billion shares outstanding would give a share price of just over $.13 a share.

    Compare that to the current price which is only fractions of a penny a share. The next year-even the next few months- are going to be critical. TomCo has managed to get some small revenue streams, but it they can get their project financing in place, the potential is huge.

    Definitely some significant risk involved, but there certainly seems to be some potential here for those willing to take on the risk.
  • O
    made killing Friday buy sell
    then had to go golf but made £1445 nothing bad an average £8 a minute 8am till 11am 3 hours
    carry over to Monday 700,000 shares I'll buy 300000 that makes holding 1million shares or ill just sell buy but all day that golf cost me few bob if your any good you will make same
    all best have great day trading I'll buy chuck in draw to get about them sell in few years ? the cash to buy will be my profits made so cost me nowt so good or bad I have loost nothing but big win brill. all best again
  • P
    Paul L
    Great news update- I was alerted by Jim on the PQEFF conversation board.
  • D
    I thinks lots of pending exciting things in the works
  • P
    Paul L
    Morningstar reported this on June 1, 2021:

    TomCo Energy PLC - unconventional hydrocarbon development in US - Has received draft of the Front-End Engineering and Design study that has been previously outlined. Says study will be finalised following company's and Greenfield's review with the third-party verification exercise on the process also nearing completion, with all planned on-site activities having been undertaken. Currently anticipated that the study and the third party verification work will be finalised by early July. "Further to the lifting of the Cessation Order on 25 May 2021 and resumption of operations at the POSP, the rate of production has been increasing such that Greenfield anticipates that it will shortly reach the targeted production level of 250 barrels of oil per day," it says.
  • P
    Paul L
    Petroteq Energy Announces Initial Load of Sales Oil has Been Tagged for Sale
    Download as PDFJune 10, 2021 3:01am EDT
    Greenfield Energy Enters Into Membership Interest Purchase Agreement for up to 100% of TSHII

    SHERMAN OAKS, CA / ACCESSWIRE / June 10, 2021 / Petroteq Energy Inc. ("Petroteq" or the "Company") (TSXV:PQE)(OTC PINK:PQEFF)(FSE:PQCF). Our company, focused on the development and implementation of its proprietary oil extraction and reclamation technologies, is pleased to announce that the 250 barrels of oil produced last week at its oil sands plant at Asphalt Ridge (the "POSP") have now been gauged and tagged by the buyer. Subject to the availability of transport, the oil should be purchased and collected this Friday. Produced oil tested at 10.9° API with a low BS&W (basic sediment and water) of 0.3%.

    TomCo Energy plc (AIM: TOM), the US operating oil development group, focused on using innovative technology to unlock unconventional hydrocarbon resources, announced on 9 June 2021 thatGreenfield Energy LLC ("Greenfield"), the Company's 50/50 joint venture with Valkor LLC ("Valkor"), has entered into a membership interest purchase agreement (the "Agreement") with Endeavour Capital Group LLC ("Endeavour") and Tar Sands Holdings II LLC ("TSHII") with respect to the potential acquisition by Greenfield of up to 100% of the ownership and membership rights and interests in TSHII (the "Membership Interests"). TSHII owns approximately 760 acres of land and certain non-producing assets (the "Site") in Uintah County, Utah, USA.

    Tomco's announcement can be found at:

    Greenfield has entered into a non-exclusive multi-site license with Petroteq. The Petroteq License has been granted in consideration for the advance funding that Greenfield has provided in respect of the upgrades to the POSP.

    For any future oil sands plants built by Greenfield utilizing the Petroteq Licence, a 5% royalty of net revenues received from oil products produced from oil sand resources at any oil sands plants will be payable by Greenfield to Petroteq. Other than the royalty, no further Petroteq License fees are payable.

    George Stapleton, Petroteq COO, commented: "We are encouraged by what could become Greenfield's first step towards securing a site and mine to support a commercial plant employing Petroteq's Clean Oil Recovery Technology."

    About Petroteq Energy Inc.

    Petroteq is a Cleantech company focused on the development, implementation and licensing of a patented, environmentally safe and sustainable technology for the extraction and reclamation of heavy oil and bitumen from oil sands and mineable oil deposits. The versatile technology can be applied to both water-wet deposits and oil-wet deposits - outputting high-quality oil and clean sand.

    Petroteq believes that its technology can produce a relatively sweet heavy crude oil from deposits of oil sands at Asphalt Ridge without requiring the use of water, and therefore without generating wastewater which would otherwise require the use of other treatment or disposal facilities which could be harmful to the environment. Petroteq's process is intended to be a more environmentally friendly extraction technology that leaves clean residual sand that can be returned to the environment, without the use of tailings ponds or further remediation.

    For more information, visit