TomCo Energy PLC
19 March 2008
TomCo Energy plc
('TomCo' or 'the Company')
Re: Placing of Equity
Further to the TomCo announcement released this morning regarding the placing of
67,066,666 new ordinary shares of 0.5p each in the Company ('Ordinary Shares'),
each two new Ordinary Shares placed have one warrant attached to subscribe for a
new Ordinary Share, and a further warrant on the terms set out below:
Strike price Term
1 2.5p 13 months
2 5.0p 13 months from the date of exercise of the first warrant
Enquiries:
TomCo Energy Plc +44 (0)20 7808 4857
Howard Crosby
Strand Partners Limited +44 (0)20 7409 3494
Warren Pearce
Bankside Consultants Ltd. +44 (0)20 7367 8888
Simon Rothschild
Notes:
TomCo is an AIM listed company which continues to actively develop a
conventional oil production profile in the South-Western United States. The
Company also owns leases on approximately 3000 acres of shale oil holdings in
Utah, estimated by SRK (an independent firm of mining consultants) to contain
some 230 million barrels of oil.
This information is provided by RNS
The company news service from the London Stock Exchange
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