Inter Global Technologies (IGT) - Michael Tomayko

This is a discussion on Inter Global Technologies (IGT) - Michael Tomayko within the Internet HYIP Scams forum, part of the Money Frauds and Scams category; Originally Posted by Unregistered Can we get some more information from you? Can we have the name of the agency ...

Consult Your Own Personal Lawyer Now!
Closed Thread  POST NEW QUESTION

 

Thread Tools Search this Thread Rating: Thread Rating: 8 votes, 4.50 average. Display Modes
Old May 2nd, 2009, 03:08 PM   #1551
Unregistered
Guest
 

Unregistered's Avatar
 
Posts: n/a

Default Re: Inter Global Technologies (IGT) - Michael Tomayko

Quote:
Originally Posted by Unregistered View Post
Can we get some more information from you? Can we have the name of the agency and who you spoke to regarding this claim that you are making?

I know some of the General Partners and I am sure they are not even aware they could be liable if any charges are brought against Mike or IGT.

Please don't make such a bold statement and leave most of us hanging in mid-air with questions unanswered. Thank you.
I think Aqua Man was making a tongue in cheek comment on yet another 'I heard' post. Too much I heard this I heard that going on around here. You can say anything with out backing it up....for instance, all the comments about the licenses he is funneling money to protect..but there is no proof of licenses or who received the SH money or anything. I tell you what I believe--justice will prevail and Mike and others will pay for their crimes. Period.
 
Sponsored Links
International Law Issues?
Old May 2nd, 2009, 10:26 PM   #1552
Unregistered
Guest
 

Unregistered's Avatar
 
Posts: n/a

Default Re: Inter Global Technologies (IGT) - Michael Tomayko

Indonesia's SETDCO plans 300,000 bpd refinery in Batam

2009-04-28 07:09 (UTC)

JAKARTA, April 28 (Reuters) - Indonesia's diversified SETDCO Group plans to build an oil refinery on Batam island, near Singapore, with capacity of 300,000 barrels per day, a senior mines and energy ministry said on Tuesday.

Indonesia badly needs new oil refineries and is trying to push for more investment in the sector to cut imports of oil products.

The SETDCO Group is owned by businessman Setiawan Djodi, a former rock star, and has business interests ranging from oil and gas to shipping. SETDCO could not be reached for comment.

'SETDCO has proposed to build 300,000 bpd oil refinery on Batam island. We are processing the licence,' Evita Legowo, director general of oil and gas at the ministry, told reporters.

'They said the crude for the refinery will come from the Middle East,' she added, but gave no other details.

Last month, Indonesia's mines and energy minister Purnomo Yusgiantoro said the government may provide more incentives for investment in oil refineries.

Last October, the government issued a decree giving income tax incentives for investment in oil refineries. But industry sources said those incentive were not enough.

Construction of new refineries has become more pressing in the past few years in Indonesia as growing demand has forced the state oil firm Pertamina to import more fuel.

Legowo has said previously the downstream prospects did not look promising, pointing to the huge investments needed and low margins.

Pertamina has nine refineries in the country with a combined capacity of around 1 million bpd, but it only supplies 70 percent of domestic oil product consumption and 30 percent comes from imports
 
Old May 2nd, 2009, 10:36 PM   #1553
Unregistered
Guest
 

Unregistered's Avatar
 
Posts: n/a

Default Re: Inter Global Technologies (IGT) - Michael Tomayko

Indonesia considers guarantee offer on new refinery projects-

Jakarta (Platts)--1 May 2009

The Indonesian government is considering offering a guarantee for the
construction of new refineries to boost downstream oil investments, a senior
official said Friday.

"Apart from a zero tax incentive for import duties and crude oil imports,
we may also give our guarantee to new refinery projects," oil and gas director
general at energy and mines ministry Evita Legowo said. "Our guarantee will
allow investors access to lower interest from lenders."

"I do believe it will attract new refinery investors," she added.

The government's guarantee is needed to ensure new refinery projects can
go ahead, Legowo said, adding the government would create a unit responsible for giving investors detailed information on the economic feasibility of various project locations.

Indonesia's state-owned oil and gas company Pertamina had asked the
government to offer zero tax incentives for the building of new refineries in
the country, president director Karen Agustiawan had said previously.

Indonesia currently has seven oil refineries, all owned and operated by
Pertamina, with a total capacity of 1.05 million barrels/day. The company
regularly imports refined products on a term and spot basis to supplement its
own production, which falls short of domestic demand.

Indonesian President Susilo Bambang Yudhoyono had instructed Pertamina to build a new refinery in a bid to reduce fuel imports, promising incentives to support new refinery construction.

Indonesia imported 142.1 million barrels of fuels in 2008, up 2.5% on 2007's 138.7 million barrels.

Pertamina has three refinery projects in the pipeline.

It will build a 200,000 b/d refinery in Tuban, East Java worth $3 billion
due for completion in 2014. It will also in cooperation with National Iranian
Oil Refining and Distribution Co and Malaysian Petrofield Refining Co build a
$4.2 billion, 300,000 b/d refinery in Banten province.

Pertamina also plans to expand the capacity of its 125,000 b/d Balongan
refinery in West Java, the company's processing director Rukmi Hadihartini has said previously.

There are several other refinery projects which have yet to be realized.
Kuwait Petroleum Co has shown an interest in building a 250,000 b/d refinery in Eastern Indonesia while Saudi Aramco had also expressed an interest in building a refinery of at least 300,000 b/d.

Meanwhile Indonesian company Setdco plans to build a 300,000 b/d in Batam island. The company is seeking approval from the government, Legowo said.
 
Old May 3rd, 2009, 12:40 AM   #1554
Unregistered
Guest
 

Unregistered's Avatar
 
Posts: n/a

Default Re: Inter Global Technologies (IGT) - Michael Tomayko

These were the two most current news articles I could find in regarding to new oil refinery projects in Indonesia. The Reuters article is dated April 28th and the Platts article is dated May 1, 2009.

What I have very interesting is nowhere is it mentioned in both publications the company names of IGT or IAA or even an American-based company. But SEDTCO is mention in both.

"SETDCO has proposed to build 300,000 bpd oil refinery on Batam island. We are processing the license,' Evita Legowo, director general of oil and gas at the ministry, told reporters."

Based on the above statement, does that mean SETDCO is applying for their own licenses and why are they not using IGT/IAA Batam 'licenses'?

Were they valid or did they even exist?
 
Old May 3rd, 2009, 01:04 AM   #1555
Unregistered
Guest
 

Unregistered's Avatar
 
Posts: n/a

Smile Re: Inter Global Technologies (IGT) - Michael Tomayko

Two refineries proposed for Indonesia's Batam Island

LOS ANGELES, Apr. 30 -- Indonesia's Setdco Group and its partner PT Intan Megah have sought permission to build a 300,000 b/d refinery at Tanjung Sauh on Batam Island near Singapore—one of two new facilities apparently set for construction on the island.

"The crude oil will be from the Middle East," said Evita Legowo, director general for oil and gas at the Ministry of Energy and Mineral Resources. She said the government is still in the process of issuing a permit for the development of the planned refinery, and could release no further details.

Meanwhile, other reports have emerged that Gulf Petroleum Ltd., Qatar's largest oil company, also plans to build a refinery in Batam.

Gulf Petroleum is preparing documents needed to seek the investment license from the Indonesian government, according to Ismeth Abdullah, chairman of the Batam Free Trade Zone Council.

Gulf Petroleum Pres. Abdul Aziz Abdulaimi and PT Batam Sentralindo Pres. Bang Hawana recently signed a memorandum of understanding on the project.

PT Batam Sentralindo, the operator of the Batam Free Trade Zone, has agreed to provide a 250-hectare plot of land for the refinery project, which plans to sell its products in Indonesia and other Southeast Asian nations.

Meanwhile, reports said that a $1.5 billion refinery joint venture between Indonesia's state-owned PT Pertamina and Japan's Mitsui & Co. may stall because the Indonesian government wants an increased stake in the project.

Agreement had been reached to build a residue fluid catalytic cracking unit with a capacity of 60,000 b/d of gasoline in Pertamina's existing refinery at Cilacap in Central Java, with Mitsui holding an 80% stake and Pertamina 20%.

But the Indonesian government has advised Pertamina to review the project and seek a higher stake, a request that could sink the project altogether according to one source, who said financing for the refinery already has been approved by the Japan Bank for International Cooperation.


Oil and Gas Journal - May 1,2009
 
Old May 3rd, 2009, 01:11 AM   #1556
Unregistered
Guest
 

Unregistered's Avatar
 
Posts: n/a

Default Re: Inter Global Technologies (IGT) - Michael Tomayko

SETDCO Group Seeks To Build 300,000 Billion/D Refinery - Official
4-28-09 4:53 AM EDT

JAKARTA -(Dow Jones)- Indonesian diversified SETDCO Group sought permission to build a 300,000 barrels-a-day refinery in an industrial island close to Singapore, a government official said Tuesday.

"The crude oil will be from the Middle East," said Evita Legowo, director general for oil and gas at the Ministry of Energy and Mineral Resources.

Legowo said that SETDCO and its partner, PT Intan Megah, has proposed to build the plant in Tanjung Sauh, Batam Island.

She was unable to provide further details as the government is still in the process of issuing a permit for the development of the planned refinery.

Officials at SETDCO, which is controlled by part-time rock star Setiawan Djodi, couldn't be reached for comment.

Indonesia needs more refineries as the current ones have only around 1 million barrels-a-day capacity, enough to meet 70% of the country's demand.
 
Old May 3rd, 2009, 01:14 AM   #1557
Unregistered
Guest
 

Unregistered's Avatar
 
Posts: n/a

Default Re: Inter Global Technologies (IGT) - Michael Tomayko

"Legowo said that SETDCO and its partner, PT Intan Megah, has proposed to build the plant in Tanjung Sauh, Batam Island."

What ever happened to SETDCO's partner called IGT/IAA?
 
Old May 3rd, 2009, 09:45 AM   #1558
Unregistered
Guest
 

Unregistered's Avatar
 
Posts: n/a

Default Re: Inter Global Technologies (IGT) - Michael Tomayko

Quote:
Originally Posted by Unregistered View Post
"Legowo said that SETDCO and its partner, PT Intan Megah, has proposed to build the plant in Tanjung Sauh, Batam Island."

What ever happened to SETDCO's partner called IGT/IAA?
Why do you ask questions that you already know the answer to? There never was a partner called IGT/IAA it was and all is fairy dust, don't know how many more articles and press releases you need to read before you get it, IGT is a scam. Always was always will be.. move on.
 
Old May 3rd, 2009, 02:41 PM   #1559
Unregistered
Guest
 

Unregistered's Avatar
 
Posts: n/a

Smile Re: Inter Global Technologies (IGT) - Michael Tomayko

Quote:
Originally Posted by Unregistered View Post
Why do you ask questions that you already know the answer to? There never was a partner called IGT/IAA it was and all is fairy dust, don't know how many more articles and press releases you need to read before you get it, IGT is a scam. Always was always will be.. move on.
Maybe it's time YOU moved on since you apparently know the answers. It is not your place to tell me to do anything especially when no one but myself have done most of the hard work of research any information that is published of IGT on this forum.

The starting of this forum, the information from SEC, the detailed report on Pare Pare, information on oil refineries, etc... have all been done to help the other investors of IGT see a different aspect of Mike's business and gain some type of information other than Mike's outragous promises.

Until you have anything constructive to add, other than your lame comments about 'fairy dust and always was a scam' it might be better if you found another place to put your stupid remarks.

Thank you and have a nice day!
 
Old May 3rd, 2009, 02:55 PM   #1560
Unregistered
Guest
 

Unregistered's Avatar
 
Posts: n/a

Default Re: Inter Global Technologies (IGT) - Michael Tomayko

Over these past years we have been fed updates with tons of jargon regarding 300K BOPD, contracts, license extentions and on and on.
After awhile stated timelines and factiods start to get lost in the heep. MT banks on SH to have short memories.
As SH our main concern is/was IGT financing leading to us getting a distribution. That is the bottom line. MT would try to avoid that little issue and dwell on contracts, meetings, etc.

Long ago in earlier updates MT said how he had many major players and countries wanting "in" on the projects, Japan for one.
After time, it was said that these other prospects for financing all failed to come through. These countries all refused to pay IGT upfront fees in the millions (we can guess why) so at that point the deal was off. These upfront fees were to get MT the quick funds to pay SH so it was said.

At this time, the only player to agree to pay upfront fees was the Swiss.
We were hearing much uplifting news on each update that the Swiss financing will come through and thus our distribution in short order.
MT said because of the failure of the other players who did not want to ante up the fees, he would focus on the Swiss to "get the money" needed for IGT. (Rememer how many trips to Swiss ville he stated he made to get the job done and get funding?)

As time went on we heard of the work being done with closing the deal with the Swiss and how close we were as they did agree to the fees.
This went on for the good part of a year or more.
Then it was said in a quick update that many may not remember, that the Swiss funds will be used for the Indo projects and other domestic projects IGT has cooking here in the states.
Less and less was spoken about the Swiss financing (upfront fees).
Then it when Sedco came into play along with many other agreements, then that is where IGT would be attaining the fees, and thus pay SH.

No fees were paid, even though so many contracts and agreements of BOPD and so on. Just more jargon of travel and such.
Soooooo,...what happened to the Swiss upfront fees? Why did MT change where the financing would come from when the Swiss agreed after so many trips made and contracts finalized?

These things are never explained in detail to put a solid logical closure on these issues. Just more dancing aroung these past statements and flood the scene with new agreements and contracts. It is just a cycle that keeps
repeating over and over....if you think back at what was said and then not
given a viable explanation regarding the lack of success.

This would go on for years more if the law or other force did not put and end to it!! They want us to forget the past statements made months ago.
It is always close, always exciting, always fantasitic. But if you look back at it all for so many years, you see the pattern clearly,...as well as the mirrors and smoke used.

Thank you!
 
Closed Thread

Bookmark & Share

This thread has 3138 replies and has been viewed 266912 times

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Format Your Messages
Add Forum to Google Toolbar
Forum Jump

Similar Threads

Thread Thread Starter Forum Replies Last Post
The AM Roundup: Huawei Technologies, High-Tech Divorce WSJ Law Blog Law News 0 Oct 8th, 2012 09:40 AM
PHONEWORLD MOBILE TECHNOLOGIES LTD Paul Internet HYIP Scams 1 Sep 26th, 2012 03:02 PM
Inter Global Technologies (IGT) - Michael Tomayko (2nd Thread) forum_admin Internet HYIP Scams 1048 Dec 23rd, 2010 03:28 PM
China domestic or inter-country adoption? Unregistered Other Family Law Matters 1 Nov 30th, 2010 03:57 PM
Inter-Spousal Transfer / Quit Claim Unregistered Divorce, Separation, Annulment 0 Oct 30th, 2006 09:19 PM


International Law Issues?


All times are GMT -5. The time now is 05:08 AM.