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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 unexpected failure in one of the couplings between the RF antenna and the artificial lift system on site, the oil shale exploration company said.
"It is expected that the delay will be approximately 7 to 10 days whilst a replacement coupling is fitted," TomCo said.
TomCo shares were trading down 4.8% at 11.67 pence each.