Update on Field Test

RNS Number : 0516G

TomCo Energy PLC

01 November 2018

 

1 November 2018

TomCo Energy plc

("TomCo" or the "Company")

Update on the Field Test

TomCo Energy plc (AIM: TOM), the oil shale exploration, development and technology group focused on using innovative technology to unlock unconventional hydrocarbon resources, announces that there will be a short delay in the commencement of the 'live' testing stage of the current field test being conducted on its Holliday Block.

The short delay is due to an unexpected failure in one of the couplings between the RF antenna and the artificial lift system that has now been delivered to site.  It is expected that the delay will be approximately 7-10 days whilst a replacement coupling is fitted.

We will continue to keep shareholders updated on the progress of the field test.

Enquiries:

TomCo Energy plc

Andrew Jones (Chairman) / John Potter (CEO)                   [phone]

Strand Hanson Limited                                                             (Nominated Adviser)

James Harris / Richard Tulloch / James Dance                     [phone]

SVS Securities plc                                                                      (Broker)

Tom Curran / Ben Tadd                                                             [phone]

For further information, please visit www.tomcoenergy.com.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014.

 

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