Result of AGM

RNS Number : 1132L
TomCo Energy PLC
23 April 2015
 

 

23 April 2015

TomCo Energy plc

("TomCo" or the "Company")

 

Result of Annual General Meeting

 

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 all resolutions put to shareholders at the Company's Annual General Meeting held today were duly passed.

 

Enquiries:

 

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

 

TomCo Energy plc

Tel: +44 20 7917 6822

Paul Rankine, CEO / Miikka Haromo, CFO

 


Shore Capital (Nomad & Broker)

Tel: +44 20 7408 4090

Nominated Adviser


Pascal Keane / Edward Mansfield

 


Corporate Broking


Jerry Keen




Tavistock Communications (Financial PR & IR)

Ed Portman / Jos Simson

Tel: +44 20 7920 3150

 

 

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 TomCo's 1,186 acre 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.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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