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IN BRIEF: Tomco gets second extension for Valkor loan repayment

Tue, 28th Jun 2022 20:10

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.

Current stock price: 0.41 pence, up 3.5% on Tuesday

12-month change: down 27%

By Elizabeth Winter; elizabethwinter@alliancenews.com

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(Sharecast News) - United States oil development company TomCo Energy announced on Wednesday that its 50-50 joint venture with Valkor, Greenfield Energy, has entered into an agreement with Endeavour Capital Group and Tar Sands Holdings II (TSHII) over the potential acquisition of up to 100% of the ownership and membership rights and interests in TSHII.

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Tomco Energy Share News (TOM)

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IN BRIEF: Tomco gets second extension for Valkor loan repayment

AIM WINNERS & LOSERS: TomCo's Utah boost; Itaconix revenue falls

TRADING UPDATES: ZAIM Credit launches app; Benchmark in Norway boost

TomCo partner completes trial work at Utah oil sands plant

Losses widen for TomCo Energy

TRADING UPDATES: MS International, Novacyt both post swing to profit

AIM WINNERS & LOSERS: MS International surges amid chunkier payout

IN BRIEF: TomCo Energy production at Asphalt Ridge ramping up

TRADING UPDATES: Ted Baker results in line; Gulf Marine raises cash

TomCo joint venture inks deal to acquire Utah land

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IN BRIEF: Tomco gets second extension for Valkor loan repayment

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