Tomco Energy (TOM)

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Energy Producers

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FTSE AIM All-Share

0.043p
   
  • Change Today:
      0.002p
  • 52 Week High: 0.35
  • 52 Week Low: 0.040
  • Currency: UK Pounds
  • Shares Issued: 3,904.14m
  • Volume: 22,881,752
  • Market Cap: £1.68m
  • RiskGrade: 70

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TomCo partner completes trial work at Utah oil sands plant

By Josh White

Date: Friday 02 Jul 2021

LONDON (ShareCast) - (Sharecast News) - US oil development company TomCo Energy announced on Friday that its 50-50 joint venture with Valkor, Greenfield Energy, had successfully completed all planned trial work using Petroteq Energy's existing oil sands plant at Asphalt Ridge in Utah.
The AIM-traded firm said all data required for the front-end engineering and design (FEED) study had now been obtained.

It said the FEED study and third-party verification process would be finalised by the end of July, adding that Greenfield was now focussed on completing the requisite due diligence on the Tar Sands II site.

"I am delighted that Greenfield has now concluded their work at the Petroteq oil sands project, and that all the data and information required to inform the FEED study has been obtained," said chief executive officer John Potter.

"Whilst there have undoubtedly been some challenges along the way, our primary objectives have been achieved.

"I believe that Greenfield is now very well positioned to seek to utilise the design improvements and knowledge gained from operating the oil sands project in commercial scale plants."

Potter said Greenfield's focus now shifted to completing the due diligence exercise on the Tar Sands II site, and progressing the required funding package, in order to pursue construction of the first 10,000 barrels of oil per day facility.

"These are very exciting times for TomCo as we look to realise Greenfield's significant potential."

At 1337 BST, shares in TomCo Energy were down 2.71% at 0.54p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Tomco Energy Market Data

Currency UK Pounds
Share Price 0.043p
Change Today 0.002p
% Change -4.44 %
52 Week High 0.35
52 Week Low 0.040
Volume 22,881,752
Shares Issued 3,904.14m
Market Cap £1.68m
RiskGrade 70

Tomco Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
50.79% above the market average50.79% above the market average50.79% above the market average50.79% above the market average50.79% above the market average
47.37% above the sector average47.37% above the sector average47.37% above the sector average47.37% above the sector average47.37% above the sector average
Price Trend
87.2% below the market average87.2% below the market average87.2% below the market average87.2% below the market average87.2% below the market average
68.29% below the sector average68.29% below the sector average68.29% below the sector average68.29% below the sector average68.29% below the sector average
Income Not Available
Growth Not Available

Tomco Energy Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:37 5,000,000 @ 0.041p
16:35 5,000,000 @ 0.043p
16:35 250,000 @ 0.043p
16:35 750,000 @ 0.043p
16:35 1,000,000 @ 0.043p

Tomco Energy Key Personnel

CEO John Potter

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