Director/PDMR Shareholding

RNS Number : 7626S

TomCo Energy PLC

26 September 2014

 



26 September 2014

TomCo Energy plc

("TomCo" or the "Company")

Director dealing

The Company was notified on 26 September 2014 that on 26 September 2014 Mr Paul Rankine, CEO, purchased 140,263 Ordinary Shares in the Company at a price of 0.58 pence per Ordinary Share. This increases Mr Rankine's shareholding in the Company to 5,000,000 Ordinary Shares, representing approximately 0.24% of the Company's issued share capital.

The Company was also notified on 26 September 2014 that on 26 September 2014 Mr Miikka Haromo, CFO, purchased 326,673 Ordinary Shares in the Company at a price of 0.55 pence per Ordinary Share. This increases Mr Haromo's shareholding in the Company to 3,000,000 Ordinary Shares, representing approximately 0.14% of the Company's issued share capital.

Enquiries:

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

TomCo Energy plc	Tel: [phone]
Paul Rankine, CEO / Miikka Haromo, CFO
Shore Capital (Nomad & Broker)	Tel: [phone]
Nominated Adviser
Pascal Keane / Edward Mansfield
Corporate Broking
Jerry Keen
Tavistock Communications (Financial PR & IR) Ed Portman / 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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