Tomco Energy Live Discussion

frog_in_a_tree 13 Aug 2018

Tomco BUY BUY BUY Sounds like a good way to lose money! Frog in a tree

Gold_or_Silver 13 Aug 2018

Tomco BUY BUY BUY Nice bounce off 5p . Long term 12p easily achievable. May be above £1 in a far far galaxy . This is new tech , after all . Ten years on and maybe the market begins to take heed . Best of All

Gold_or_Silver 13 Aug 2018

Tomco BUY BUY BUY Nice bounce of 5p . Long term 12p easily achievable. May be above £1 in a far far galaxy . This is new tech , after all . Ten years on and maybe the market begins to take heed . Best of All

Gold_or_Silver 16 Jun 2018

Tomco BUY BUY BUY eralberta.ca/wp-content/uploads/2017/05/ESEIEH-Interim-Report.pdf The trials continue Best of All

Gold_or_Silver 15 Jun 2018

Tomco BUY BUY BUY A three–day field test of a radio frequency in situ oilsands technology has successfully met its objectives, allowing for plans to progress on a second phase commercial-scale pilot, Acceleware says. Over the years, a number of potentially disruptive alternatives to SAGD technology have been promoted. Like those, Acceleware’s RF XL makes some bold claims: a 25 to 50 per cent reduction in greenhouse gas emissions compared to SAGD (depending on the power grid source); dramatically lower capital requirements with at least a 50 per cent lower cost per flowing barrel; and it doesn’t require the addition of water to the reservoir. But unlike some technology proponents, Acceleware is a publicly listed company on the TSX Venture and it has connections with some global heavyweights—including GE. “We been working on this for close to seven years now with super majors around the world,” Acceleware vice-president Mike Tourigny told JWN. In that development work, Acceleware concluded that a “traditional” approach to producing oil with RF was not economic because it required expensive military-grade machinery and faced challenges in long SAGD horizontal wells. “We redesigned everything from the ground up. That’s where our partnership with GE comes into play—in order to have a really low-cost efficient way to generate [in situ heat],” Tourigny says. “The other piece is to make sure that we go into the ground with just pipes. It’s all standard oilfield materials. There’s nothing funky or flaky that needs a new type of service rig or training.” Acceleware’s RF XL technology is also in synch with the future of the oilsands, which is likely see smaller, more efficient projects. If the system proves commercial, it could deliver economic production from even a one-well deployment, he says. “Our economics are flat. If you run one well or 20, the economics are the same, assuming that the reservoir is the same.” Acceleware’s second phase of testing is planned for 2017 and 2018, and will deploy a 1,000 metre RF XL heating system using Acceleware and GE’s power electronics technology in an oilsands reservoir. The wells will be fully instrumented and the test will use commercially viable dimensions and power levels to further confirm efficiency and production estimates, Tourigny says. “We’re about three years away from commercialization.” Asked about requirements for government funding to advance to commercialization, he added: “We probably will need government funding for some of this development. We have applied and we are optimistic that we will see some of that come through, along with operator support.”

Gold_or_Silver 14 Jun 2018

Tomco BUY BUY BUY A Calgary tech company has field tested its patent-pending radio frequency heating technology, known as RF XL, developed to recover bitumen from the Alberta oil sands in an environmentally friendlier way than current steam extraction methods. Acceleware Ltd. said in a statement on March 23 that the first phase of the field test program for its enhanced oil recovery technology, undertaken in partnership with GE, has successfully achieved all of its objectives. These included demonstrating that the RF XL technology is capable of delivering high levels of power from the surface into the target formation, and that the technology can heat the test formation as efficiently and quickly as predicted. The company also said that its technology is scalable to long horizontal wells. Acceleware has sold the test data to an oil sands producer. Further tests are planned. Radio frequency technology, which has been known and considered for down-hole heating of oil reservoirs since the 1970s but has been until now only partially successful, can improve the environmental performance of oil sands and heavy oil production significantly, Acceleware claims. Renewed interest in the technology, spurred by depletion of conventional oil reserves, better computer modeling and a deeper understanding of the technology, has brought it to the point where Acceleware can now claim that its version can reduce capital costs by 76 per cent and operating costs by 43 per cent, compared to conventional steam-injection methods (steam-assisted gravity drainage, or SAGD). RF XL requires no solvents, less land, no external water and less energy to produce oil from oil sands. Cyclic RF heating process. Source: Acceleware In the same way that your microwave heats your food, it heats evenly; that’s how this technology works. It’s going to heat the water in the formation and then that water is going to warm the oil and the oil will move, so the big advantage is that those radio waves travel through oil and rock evenly. Advantages of RF heating technology also include its ability to be applied equally well in a range of different reservoir types, whether deep, shallow, thin or thick. The permeability of the heavy oil in the reservoir does not limit the amount of RF power that can be injected, and the process can be powered by green sources of electricity, the company says. The water already present in all oil reservoirs is heated by electro-magnetic energy generated by an antenna, converting it into steam. The phase one tests, lasting three days, demonstrated that key components of RF XL are “technically sound” and the process was able to heat the test formation to steam saturation temperature within the three-day test period, with greater than 85 per cent correlation with pre-test simulations. RF heating in an assisted gravity drainage design. Source: Acceleware An Acceleware spokesman, Mike Tourigny, commented that the company expects RF XL to play an even bigger role in accessing the 90 per cent of Alberta oil sands deposits that have so far been commercially inaccessible. “The fundamental thing here is that this is a way to produce oil sands and any heavy oil with less power, which leads to less greenhouse gas and lower costs, and it is an opportunity for the Alberta oil industry specifically, but it applies to other oil deposits around the world. We are aware of the image that the oil sands have gotten as dirty oil; not only can we make that clean oil—as clean as oil can be—but we can bring some profit back to the industry.” Tourigny likened the process to an “inside-out microwave” that heats food evenly. The radio waves heat the water in the oil formation, moving evenly through oil and rock, warming the oil and causing the oil to move. In its statement Acceleware lists these as the five main ways in which RF XL optimizes heating for oil production: the system utilizes a unique RF transmission line system that is able to carry high levels of RF power the transmission line system is highly efficient the system delivers heat to the formation quickly after start-up the system employs a highly efficient silicon carbide (SiC) based RF power generator the technology is scalable to very long horizontal wells The technology remains three to five years away from commercial use.

Franconia 05 Jun 2018

Re: Interest? SS - do the maths! TurboShale produced oil at a cost of $4.50 - $9 pb in the Eighties. Using an inflation calculator that would be approx $13.50 - $27 pb now, assuming that the technology can't be improved, which I very much doubt. So, lets call it $30pb cost of production with a conservative $60pb revenue so net profit of $30pb. The last JORC identified just one of Tomco's licences having 126mb. Guestimating a 20% recovery would give a net value of $750m or £560m. With the current Mcap being around £5m, you can see the potential......

Suffolk Swede 05 Jun 2018

Re: Interest? 10 Bagger. I wish!

Franconia 05 Jun 2018

Re: Interest? With around £5m MCap at close we are only just getting going and still below where we were after the consolidation last year. Since then, the picture is truly transformed with the Turboshale technology and current BOD. I really cannot see any way that the Field Test can be anything other than a success. After all, it is a repeat of the succesful BART test from the Eighties, only with better equipment and more advanced knowledge and skills. A further fund raise MAY be neccessary to complete the testing and analysis but I would anticipate this being at a significantly higher lever than today's SP. The Market still not pricing in the potential here. On completion of a good test, this could easily be a 10 bagger from here. With interest from a Major or licencing deal(s) with Red Leaf etc, even that would look cheap IMO.

Gold or Silver 05 Jun 2018

Re: Interest? Franconia, One can only agree .Noe sentiment has changed with good drill results 50p is possible .Of course if the drill runs badly .Back to 2pOne hopes for the former ,for all concerned.Best of A

Franconia 05 Jun 2018

Re: Interest? Now that we have a drilling contractor signed up, equipment ordered and a timescale for testing, I see this as rising steadily as the year progresses. With such a miniscule M Cap, there is still virtually no recognition of the potential here. I think the market still sees this as an underperforming dog of a share. Time to re-appraise IMO.

Franconia 28 May 2018

Re: Interest? I think on a decent update this week, we could easily see 10p. Maybe the stars are aligning?

Gold or Silver 25 May 2018

Re: Interest? New heights are about to be breached one feels .Could be 10p was an underestimate of Tom`s possible MCAPBest of A

Franconia 21 May 2018

Interest? I'm really surprised that the strong move upward last week has not attracted more (any?) interest here. The move upwards seems to be continuing today - surely this must be on some "radars" by now? News due very soon from BOD visit to Utah ....

Gold or Silver 18 May 2018

Tomco BUY BUY BUY It`s been a nice few weeks .I feel this may keep on going upwards to first target of 12p .Long term things are promising ,if not crystal clear .Therefore I have been taking profits as and when . Best of A