Change of Adviser

RNS Number : 9596B

TomCo Energy PLC

10 April 2013

 



10 April 2013

TomCo Energy Plc

("TomCo" or "the Company")

Change of Nominated Adviser

TomCo Energy Plc (AIM: TOM), the oil shale exploration and development company focused on using innovative technology to unlock unconventional hydrocarbon resources, is pleased to announce that Fox-Davies Capital Limited has been appointed the Company's nominated adviser and sole broker with immediate effect.

Enquiries:

For further information, please visit www.tomcoenergy.uk.com or contact:

TomCo Energy Plc
Paul Rankine, CEO/Miikka Haromo, CFO	Tel: [phone]
Fox Davies Capital Limited (Nomad and Broker)
Susan Walker/Richard Hail	Tel: [phone]
Tavistock Communications (Financial PR &IR) Ed Portman/Conrad Harrington/Jos Simson	Tel: [phone]

Notes to Editors:

TomCo Energy Plc (AIM: TOM) is a London based, AIM-listed company, with substantial Oil Shale assets in Utah, USA.

TomCo holds a 100% interest in two Oil Shale leases, comprising 5 blocks covering 2,919 acres in Uintah County, Utah. Independent natural resources consultants SRK Consultants Ltd, part of the internationally recognised SRK Group, has declared a surface mineable JORC compliant Measured Resource of 126 million barrels on the main tract of TomCo's Holliday Block lease.

The Company has entered into a licence agreement with Red Leaf Resources Inc ("Red Leaf") for the use of their EcoShale™ In-Capsule Process, a proven and environmentally sensitive technology, to extract Oil from TomCo's leases.

Additionally, Red Leaf is planning a 9,800 bopd commercial operation at their Seep Ridge site, which lies about 15 miles SW of TomCo's Holliday Block lease.

Led by a highly experienced management team, TomCo's strategy is to develop the Holliday Block lease as a similar follow-on project to Seep Ridge using the EcoShale™ In-Capsule Process, with the same targeted production of 9,800 bopd.

Glossary:

bopd: barrels of oil per day

JORC Code: The mineral resource classification code devised by the Australasian Joint Ore Reserves Committee

 

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