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Pin to quick picksTomco Energy Share News (TOM)

Share Price Information for Tomco Energy (TOM)

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TomCo borrows £0.15m from its own CEO

Fri, 20th May 2016 14:01

(ShareCast News) - Oil mining company TomCo Energy announced on Friday that it has entered into an agreement with its own CEO, Chris Brown, to provide £0.15m by way of a loan convertible into ordinary shares.The AIM-traded firm said that, in addition, it has agreed to issue warrants to Brown.It said the funds raised will be used to provide working capital to the company and to pay for initial feasibility work in connection with the palm oil milling project currently under review."The company has agreed to pay interest on the Convertible Loan at the rate of 5% per annum, and are convertible into ordinary shares either automatically if an equity placing takes place within six months of the issue, or at the election of the holder if no placing occurs," TomCo's board said in a statement.TomCo confirmed that as Brown is CEO of the company, the decision was taken by directors independent of the transaction, who deemed it to be fair and reasonable.
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14 Dec 2018 09:03

TomCo raises £550,000 to further Uintah Basin assets

(Sharecast News) - Shale oil exploration business TomCo raised £550,000 by way of a placing on Friday morning, allowing the group to further operations at its Holliday Block asset.

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3 Dec 2018 10:43

TomCo Appoints Two Technical Advisors To Work On Holiday Block

LONDON (Alliance News) - TomCo Energy PLC on Monday said it has appointed technical advisors to its team at the Holiday block in the US state of Colorado, as it progresses on its field stock was a

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19 Nov 2018 10:45

TomCo Energy shares resume trading as board seeks funding

(Sharecast News) - Oil shale exploration, development and technology group TomCo Energy announced the appointment of Turner Pope Investments as its broker with immediate effect on Monday.

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5 Nov 2018 09:59

TomCo Energy Fundraises To Undertake Field Test In Utah, Repay Loans (ALLISS)

LONDON (Alliance News) - TomCo Energy PLC on Monday said it has raised GBP532,350 through a share placing for general working capital purposes and repaying loans.The oil shale exploration a

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1 Nov 2018 13:34

TomCo Energy Reports Delay In Start Of Holliday Block Live Testing

LONDON (Alliance News) - TomCo Energy PLC said Thursday it expects a short delay in the commencement of the live testing stage conducted on its Holliday Block in Utah.The delay is due to an

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30 Oct 2018 13:53

TomCo raises extra funds through subscription, Red Leaf disposal

(Sharecast News) - Oil shale exploration, development and technology group TomCo Energy has raised £0.1m through the subscription of 1,176,471 new ordinary shares of no par value with an existing shareholder, at a price of 8.5p share, it announced on Tuesday.

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30 Oct 2018 09:30

TomCo Energy Raises GBP100,000 Via Share Subscription Pact (ALLISS)

LONDON (Alliance News) - TomCo Energy PLC said Tuesday that it has raised GBP100,000 through a share issue but added that it will have to raise new funds in future.Shares in TomCo Energy up

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12 Oct 2018 09:54

TomCo Energy's TurboShale Completes Holliday Block Drilling

LONDON (Alliance News) - TomCo Energy PLC said on Friday that TurboShale Inc, in which TomCo holds an 80% interest, has completed the drilling of wells and installation of well heads for the Block

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10 Sep 2018 12:14

TomCo Energy Finalises Field Test Preparation Works At Utah Block

LONDON (Alliance News) - TomCo Energy PLC on Monday said Himes Drilling Co Inc has completed preparation works for the field test at Holliday block located in the US state of Utah.TomCo 80%

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29 Jun 2018 12:09

TomCo Raises Cash In First Half As It Prepares For Utah Field Tests

LONDON (Alliance News) - Oil shale exploration and development company TomCo Energy PLC said Friday it has "wasted no time" in preparing for field tests in Utah after raising cash in the

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4 Jun 2018 11:54

TomCo Finds Generator Supplier To Begin Testwork At Holliday Block

LONDON (Alliance News) - TomCo Energy PLC on Monday said its field testwork at the Holliday block in Utah will start in September while it has also agreed the supply of radio frequency oil shale a

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31 May 2018 12:27

TomCo Energy Hires Drilling Partner For Upcoming Field Test Programme

LONDON (Alliance News) - TomCo Energy PLC said Thursday it has appointed a drilling contractor for its upcoming field test programme in Utah.TurboShale Inc - in which TomCo has a 80% - will

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29 Mar 2018 13:50

TomCo Energy Full Year Loss Narrows As Seeks Further Funding

LONDON (Alliance News) - TomCo Energy PLC said Thursday its loss narrowed on a lack of impairments as it continues to secure further funding to develop and operate the the 30,

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28 Mar 2018 18:45

TomCo Energy Receives GBP100,000 Loan From Christopher Brown (ALLISS)

LONDON (Alliance News) - TomCo Energy PLC said Wednesday Christopher Brown had provided a furtehr GBP100,000 unsecured loan to the firm to support working - a -

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22 Nov 2016 10:42

TomCo Energy Suspends Makarie Palm Oil Project Due To Lack Of Finance

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