TomCo Energy PLC Change of Adviser (8777B)
October 12 2015 - 1:00AM
UK Regulatory
TIDMTOM
RNS Number : 8777B
TomCo Energy PLC
12 October 2015
12 October 2015
TomCo Energy plc
("TomCo" or the "Company")
Appointment of SP Angel as Nominated Adviser & Broker
TomCo Energy plc, the oil shale exploration and development
company focused on using innovative technology to unlock
unconventional hydrocarbon resources, is pleased to announce that
the Company has appointed SP Angel Corporate Finance LLP ("SP
Angel") as its Nominated Adviser and sole Broker with immediate
effect.
For further information, please visit www.tomcoenergy.uk.com or
contact the following:
TomCo Energy Plc Miikka Haromo, Tel: +44 (0)
CEO 20 7917 6822
SP Angel Corporate Stuart Gledhill Tel: +44 (0)
Finance LLP Richard Hail 20 3470 0470
(NOMAD & Broker)
Tavistock Communications Ed Portman Tel: +44 (0)
(Financial PR & Jos Simson 20 7920 3150
IR)
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(TM)
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(TM) In-Capsule Process, with the
same targeted production of 9,800 bopd.
Glossary:
bopd: barrels of oil per day
JORC Code: The mineral resource classification code devised by
the Australasian Joint Ore Reserves Committee
About SP Angel:
SP Angel is an independent partnership based in London providing
creative investment banking solutions to investors and growing
companies principally in the resources sectors. SP Angel is the No1
integrated nomad and broker by number of mining brokerage clients
on AIM according to the AIM Advisers Ranking Guide.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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