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Pin to quick picksTomco Energy Share News (TOM)

Share Price Information for Tomco Energy (TOM)

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Share Price: 0.0385
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EARNINGS: Caledonian swings to loss; Altona Rare Earth loss widens

Thu, 28th Mar 2024 15:48

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Team PLC - wealth, asset management and complementary financial services group - Revenue in the year ended September 30 rises to GBP5.3 million from GBP2.1 million a year earlier. Pretax loss narrows to GBP443,000 from GBP1.6 million. Chair Mark Clubb says: "This has been another active period for Team. We are picking up the pace and the shape of the business is emerging with Jersey as the central fund management engine operating out of a highly regulated jurisdiction with a strong international reputation for fiduciary responsibility. Alongside this in Jersey, our financial planning advisory hub is combining well and is positioned to deliver dependable organic growth going forward."

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Versarien PLC - Cheltenham, England-based engineering technology company - Revenue in year ended September 30 falls to GBP5.5 million from GBP11.1 million a year earlier. Pretax loss narrows to GBP14.3 million from GBP8.3 million. Looking ahead, says its pipeline of opportunities "continues to strengthen." Chief Executive Steve Hodge says: "The period was a challenging one for Versarien, but I believe the restructuring and other actions we have undertaken have resulted in a more efficient business, which maintains the skilled people and technology to enable commercial success. It is encouraging to report that our pipeline of potential income opportunities is growing , albeit development opportunities are still the largest part, but we are beginning to see signs of more commercial interest, including licensing."

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Altona Rare Earth PLC - Mining exploration company focused on the evaluation, acquisition and development of projects in Africa - Publishes results for six months ended December 31. Operating loss widens to GBP616,000 from GBP387,000. Pretax loss widens to GBP690,000 from GBP412,000. CEO Cedric Simonet says: "2024 will also be a year of transformation for Altona, as we are currently expanding and diversifying its portfolio, with a focus on projects having a low-entry cost with a clear pathway to early results and to majority ownership. The acquisition of the exciting Kabompo South copper project in Zambia marks a first step in this direction."

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TomCo Energy PLC - oil development group operating in the US - Reports results for year ended September 30. Posts no revenue, unchanged annually. Pretax loss widens to GBP2.3 million from GBP690,000. Looking ahead, TomCo says 2024 is set to be a "defining year" for the company.

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Caledonian Trust PLC - Edinburgh-based property company - Revenue in the six months ended December 31 falls to GBP833,000 from a GBP2.2 million a year earlier. Swings to pretax loss of GBP415,000 from a profit of GBP353,000.

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By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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TomCo Energy draws down from second tranche of convertible loan

(Alliance News) - TomCo Energy PLC on Monday said it has drawn down GBP375,000 of the second and final tranche of the GBP750,000 unsecured convertible loan note facility.

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1 Sep 2022 20:37

IN BRIEF: TomCo Energy obtains USD750,000 unsecured facility

TomCo Energy PLC - London-based oil explorer in the US state of Utah - Obtains unsecured facility of USD750,000 through a convertible loan note instrument and associated subscription and put option agreement, entered with broker Novum Securities Ltd.

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1 Aug 2022 18:21

IN BRIEF: TomCo Energy extends loan repayment date to August 31

TomCo Energy PLC - London-based oil explorer in the US state of Utah - Announces extension to the repayment date for unsecured USD1.5 million loan from Valkor Oil & Gas LLC, used for the acquisition of an initial 10% of the membership interest in Tar Sands Holdings II LLC.

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30 Jun 2022 15:59

UK shareholder meetings calendar - next 7 days

Friday 1 July 
All Star Minerals PLCGM re name change to Marula Mining
Monday 4 July 
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Copyright 2022 Alliance News Limited. All Rights Reserved.

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28 Jun 2022 20:10

IN BRIEF: Tomco gets second extension for Valkor loan repayment

TomCo Energy PLC - London-based oil explorer in the US state of Utah - Says repayment date is extended again for unsecured USD1.5 million loan to its subsidiary Greenfield Energy LLC from Valkor Oil & Gas LLC. The loan now must be repaid by July 31. The loan was used to acquire the initial 10% interest in Tar Sands Holdings II LLC, back in November. The deadline was already extended once before to June 31, as TomCo announced in May.

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28 Jun 2022 11:53

IN BRIEF: TomCo Energy subsidiary looks for acquisition funding

TomCo Energy PLC - London-based oil explorer in the US state of Utah - In the six months ended March 31, reports a narrowed pretax loss of GBP678,000. The figure stood at GBP777,000 the previous year. Revenue remains insubstantial at GBP23,000, up from none a year prior. Looking forward, TomCo's says focus is on its wholly-owned subsidiary Greenfield Energy LLC and its near-term potential production plans at the Tar Sands Holdings II LLC site in Utah. Adds that Greenfield is engaged in discussion regarding possible funding options to achieve a 100% acquisition of the Tar Sands site, as well as the proposed drilling of a number of oil wells. Company currently holds a 10% interest in Tar Sands.

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31 May 2022 20:01

TRADING UPDATES: Cloudbreak signs royalty agreement; TomCo drills

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1 Apr 2022 10:53

IN BRIEF: TomCo Energy records larger annual loss on higher expenses

TomCo Energy PLC - London-based oil explorer in Utah - Records a pretax loss of GBP10.3 million in 2021, wider than GBP1.1 million recorded in 2020. Blames this on impairment losses of GBP8.7 million that did not occur in 2020. Reports no annual revenue, unchanged from the year prior.

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10 Mar 2022 21:22

IN BRIEF: TomCo Energy signs deal with Vivakor over Uinta basin

TomCo Energy PLC - oil explorer in Utah - Signs memorandum of understanding of Vivakor Inc over a professional services agreement for the supply of engineering services, including sand treatment and oil upscaling on the Tar Sands Holdings II LLC site in the Uinta basin in Utah. Also entered a renewed lease covering three acres of land for a term of five years, and an option to extend for a further five.

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10 Feb 2022 14:40

TomCo Energy receives approval to drill exploration wells

TomCo Energy receives approval to drill exploration wells

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26 Jan 2022 19:13

IN BRIEF: TomCo Energy to provide services to Heavy Sweet Oil

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