Nominated Adviser and Broker

RNS Number : 1179T

TomCo Energy PLC

01 December 2011

 



1 December 2011

TomCo Energy Plc

(''TomCo Energy'' or ''the Company'')

(AIM:TOM)

Change of Adviser

TomCo Energy PLC, the AIM quoted company with oil shale assets in the State of Utah, USA, is pleased to announce that Numis Securities Limited ("Numis") has been appointed as Nominated Adviser and Broker to the Company with immediate effect.

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

TomCo Energy -                                                                               0207 660 070

Sir Nicolas Bonsor, Chairman

Stephen Anton Komlosy, CEO                                                   

Miikka Haromo, Finance Director

Numis -                                                                                              0207 260 1000

Alastair Stratton/Oliver Cardigan, Corporate Finance

James Black, Corporate Broking

Threadneedle Communications -                                           0207 653 9840

Laurence Read/Richard Gotla

Notes to Editors:

TomCo Energy Plc owns oil shale leases covering approximately 3,000 acres in the Green River Shale Formation, Uinta County, Utah. The leases have been independently estimated by SRK Consultants Ltd to hold up to 230 million barrels of potentially recoverable kerogen oil in 4 separate tracts. Around 123 million barrels of this resource lie on the main tract of Holliday Block lease, and have now been classified as an Indicated Resource under the JORC Code.

TomCo has entered into a License with Red Leaf Resources Inc (Red Leaf), which owns the EcoShale^TM In-Capsule Process (EcoShale), to use this unique and environmentally sensitive technology to extract oil from TomCo's leases. Red Leaf is planning a 9,500 bopd commercial operation at their Seep Ridge site, which lies about 15 miles SW of TomCo's Holliday Block lease.

TomCo's strategy is to develop the Holliday Block lease as a similar follow-on project to Seep Ridge using the EcoShale^TM In-Capsule Process, with the same targeted production of 9,500 bopd.

Glossary:

bopd: barrels of oil per day

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

kerogen oil: a synthetic oil derived from the heating of kerogen (a complex mixture of organic chemical compounds, present in sedimentary rocks, and which is insoluble in organic solvents)

 

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