Tomco Energy (TOM)

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Energy Producers

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FTSE AIM All-Share

 0.039p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.19
  • 52 Week Low: 0.033
  • Currency: UK Pounds
  • Shares Issued: 3,904.14m
  • Volume: 0
  • Market Cap: £1.50m
  • RiskGrade: 70

TomCo Energy's investee secures contractor for Utah project

By Duncan Ferris

Date: Thursday 31 May 2018

LONDON (ShareCast) - (Sharecast News) - TomCo Energy announced on Thursday that its investee company TurboShale is engaging Himes Drilling Company Inc (HDCI) as its drilling contractor for the company's upcoming field test programme
AIM -raded oil shale exploration and development company TomCo Energy, which holds an 80% interest in TurboShale, said that HDCI will be responsible for preparing the test site, drilling the four bore holes and installing the well heads at the project in Holliday block, Utah.

In addition to its other commitments, HDCI is also expected to provide storage and logistics support for the field test, and will assist in the supply of site accommodation and power generators.

Representatives of TomCo Energy recently travelled to Utah and met the governor of Utah's energy advisor and her team, our landlord SITLA, the department of oil gas and mining, the department of environmental quality and USGS Utah.

John Potter, chief executive of TomCo Energy, said: "Building upon the contacts previously developed by Andrew it was clear that we have a lot of support for the development of our TurboShale technology. We were also able to meet with Himes and this further strengthened my confidence in the success of our forthcoming field test."

As of 1116 BST, TomCo Energy's shares were up 0.62% at 6.54p.

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Tomco Energy Market Data

Currency UK Pounds
Share Price 0.039p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.19
52 Week Low 0.033
Volume 0
Shares Issued 3,904.14m
Market Cap £1.50m
RiskGrade 70

Tomco Energy Star Ratings

Compare performance with the sector and the market.
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Key: vs Market vs Sector
Value
50.66% above the market average50.66% above the market average50.66% above the market average50.66% above the market average50.66% above the market average
44.74% above the sector average44.74% above the sector average44.74% above the sector average44.74% above the sector average44.74% above the sector average
Price Trend
94.45% below the market average94.45% below the market average94.45% below the market average94.45% below the market average94.45% below the market average
87.65% below the sector average87.65% below the sector average87.65% below the sector average87.65% below the sector average87.65% below the sector average
Income Not Available
Growth Not Available

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Tomco Energy Key Personnel

CEO John Potter

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