Investment in Oil Well

TomCo Energy PLC
23 January 2007



                  TomCo Energy Plc ('TomCo' or 'the Company')
                                        
                              Investment in Oil Well
                                        
TomCo (TOM.L), formerly Netcentric Systems Plc (NCS.L), is pleased to announce
that, in accordance with its stated policy of investment in highly prospective
undeveloped oil well locations, it has acquired an interest in the Flusche Oil
Well Prospect ('Flusche'). The Company holds a 40 per cent. working interest in
the well which it has purchased for $56,000 of drilling cost. The Company
expects to spend an additional estimated $50,000 on completion costs for this
well.


The operator of the well is Spruiell Drilling Co., Inc. which holds a 10 per
cent. working interest in the well. The well is located in Wichita County,
Texas, on a major oil bearing structure called the Red River Arch from which
approximately 290 million barrels of oil have been extracted to date.


Drilling at Flusche has intersected six zones which geological advisors to the
Company consider to be zones capable of supporting economic oil production. Two
of the zones were recently perforated for production, namely the '1790 foot'
zone and the 'Gunsight Sand' at 1,960 feet. During routine well testing
procedures, oil was recovered from both zones. The well has been made ready for
production in all respects and is currently awaiting electric hookup, which is
expected within two weeks of the date of this announcement.


Details on production rates at Flusche will be announced as soon as they become
available.  Two additional development locations have also been identified by
the drilling of this well, which the Company intends to drill test in the near
future.


The Company's geological advisers are also now undertaking feasibility studies
in Western Kansas and Southern Oklahoma on potential sites for shallow oil
production. Further announcements in respect of these studies, shall be released
as appropriate.


This announcement has been reviewed by Lucius C. Geer, a 'qualified person' for
the purposes of the AIM Rules. Mr. Geer is a longtime member of The Society of
Independent Professional Earth Sciences #408 (SIPES), and is the senior partner
of Lucius C. Geer & Associates, an independent firm of consulting Geologists and
Geophysicists based in Houston, Texas.


For further information, please contact:

TomCo Energy Plc
Stephen Komlosy                            Tel: [phone]

Strand Partners Limited
Simon Raggett                              Tel: [phone]
Warren Pearce
Thomas Lockyer

Bankside Consultants
Simon Rothschild                           Tel: [phone]
Louise Mason


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