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(Alliance News) - TomCo Energy PLC on Thursday said the field test at its Holliday A block in the US state of Utah is running to schedule.
The exploration and development company said drilling works have already commenced and the field test team is due to arrive on site next week ahead of commencing the live testing phase of TurboShale Inc's ring fencing technology in early August.
"I'm sure shareholders will agree, this is a very exciting time for the company," said Chair Andrew Jones.
TomCo Energy shares were trading 6.2% lower on Thursday in London at 6.00 pence each.
