If you would like to ask our webinar guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.

 

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTomco Energy Share News (TOM)

Share Price Information for Tomco Energy (TOM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.0385
Bid: 0.037
Ask: 0.04
Change: 0.00 (0.00%)
Spread: 0.003 (8.108%)
Open: 0.0385
High: 0.0385
Low: 0.0385
Prev. Close: 0.0385
TOM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TomCo outlines work needed at Holliday A Block

Thu, 03rd Oct 2019 15:02

(Sharecast News) - US-focussed oil shale exploration and development group TomCo Energy updated the market on the work it had been undertaking since completion of the field test programme at its Holliday A Block in Utah on Thursday.
The AIM-traded firm had confirmed on 5 September that the field test had been effective at heating shale, though further optimisation of TurboShale's RF technology was required to develop the system to a commercial production level.

Together with Continental Electronics, the manufacturers of the RF transmitters who were also on site during the field test, the company said it believed it had identified the areas of the system needing refinement, and work had begun to address those.

The board said the areas needing refinement included the transmission of the RF power from the RF transmitter through the wellheads onto the antenna, and the thermocouples in the antenna wells also needing to be protected from the RF energy.

To accommodate those changes, it said it was likely that there would have to be changes to the design of the wellheads.

Continental Electronics said it had already started to model the data recovered during the field test to identify the optimum design of the antenna.

That work was expected to take around a month and on completion, the results would be used to develop the transmission connection from the RF transmitters to the antenna through the wellhead.

The company said it would then seek to optimise the wellhead design.

Initial solutions identified for the thermocouple revision included using fibre optic lines, and the company said it was in the process of assessing various systems to ensure their suitability to operate in the environment of the antenna wells.

Two 20 foot-long cores were taken nine feet and 18 feet from antenna well one during the plug and abandonment work.

Those cores were collected in the event the firm needed to perform any further tests while the revisions to the antenna were being made, TomCo explained.

"Continental Electronics have confirmed they are confident that upon completion of the modeling work they will have identified the optimum design for the antenna and the transmission lines from the transmitter," said TomCo Energy chief executive officer John Potter.

"This will allow the maximum power to be delivered by the antenna and so heat the shale formation in a more defined and efficient manner."

Potter said the modeling would be invaluable moving forward in optimising the antenna design.

"We, along with our partners, remain committed to the continuing development and are confident in the technology and its capabilities."
More News
25 Jul 2019 13:26

TomCo Energy Starts Drilling At Holliday A Block Ahead Of Field Test

(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 works

Read more
4 Jul 2019 16:13

Drilling Of TomCo Energy Field Test Wells Delayed Two Weeks By Casings

(Alliance News) - TomCo Energy PLC on Thursday said the well casings for its field test at the Holliday A Block in Utah will arrive later than expected and so the drilling of the wells will be by

Read more
1 Jul 2019 13:37

TomCo Energy Gets Permit For Field Test And Drilling At Utah Block

(Alliance News) - US oil shale exploration company TomCo Energy PLC on Monday said it has now received all the required permits to drill wells and undertake field test at the Holliday A Block in

Read more
28 Jun 2019 12:05

TomCo Energy Fully Funded As It Prepares For Utah Field Tests

(Alliance News) - TomCo Energy PLC is making good progress on starting work at Utah's Holliday block, it said Friday, using its TurboShale radio frequency technology.TomCo's field a

Read more
25 Jun 2019 12:00

TomCo Energy gearing up for slightly delayed field test at Holliday A

(Sharecast News) - Oil shale exploration and development company TomCo Energy updated the market on the field test programme at its Holliday A Block in Utah on Tuesday, announcing that the project was advancing well, with much of the preparatory work for the field test having now been completed.

Read more
25 Jun 2019 10:32

TomCo Energy Progresses On Development Of Holliday A Block In Utah

(Alliance News) - TomCo Energy PLC on Tuesday said its Holliday A block in the US state of Utah is advancing well, with much of the preparatory work for the field test having now been stock was on

Read more
8 May 2019 11:55

TomCo Energy Not Overly Concerned By Water In Holliday Wells

LONDON (Alliance News) - TomCo Energy PLC on Wednesday reported the presence of water at some wells earmarked for field testing this summer.TomCo has already drilled three test wells, the a

Read more
2 May 2019 16:03

UK Shareholder Meetings Calendar - Next 7 Days

Friday 3 MayMerlin EntertainmentsIntu PropertiesUltra ElectronicsInterContinental 6 7

Read more
29 Mar 2019 10:56

TomCo Energy Focused On Testing At Holliday Block As Loss Widens

LONDON (Alliance News) - TomCo Energy PLC on Friday said its loss widened in its last financial year as it continues the development of the Holliday block in the US state of Utah.The pretax

Read more
25 Mar 2019 14:34

Infrastrata Names Non-Exec Raman As CFO; Hires Tomco Director To Board

LONDON (Alliance News) - Infrastrata PLC on Monday said it has promoted Non-Executive Director Arun Raman to the role of chief financial officer with immediate effect.In addition, has Groat

Read more
20 Mar 2019 10:05

TomCo Energy Raises Cash In Share Placing To Fund Test Programme (ALLISS)

LONDON (Alliance News) - TomCo Energy PLC on Wednesday said it has raised GBP600,000 to go towards completing its 2019 field test programme.The oil shale exploration, development and firm

Read more
18 Mar 2019 10:44

WINNERS & LOSERS SUMMARY: Footasylum Rises On "Generous" JD Offer

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - Tinto, up 2.3%, Group, up in

Read more
18 Mar 2019 09:56

TomCo Review Finds 131 Million Barrels At Utah Licences; Shares Up 29%

LONDON (Alliance News) - Exploration and development company TomCo Energy PLC on Monday said a review of two leases in Utah found a best estimate contingent resource of 131.3 million barrels or in

Read more
29 Jan 2019 12:22

TomCo Energy Starts Work On 2019 Field Test Programme At Holliday

LONDON (Alliance News) - TomCo Energy PLC on Tuesday said it has started work on the field test programme at the Holliday Block in Utah.TomCo shares were trading down 22% at 2.10 pence each

Read more
14 Jan 2019 12:29

TomCo Energy Settles Loans With Former Chief Executive Brown (ALLISS)

LONDON (Alliance News) - Oil shale exploration company TomCo Energy PLC said on Monday loans provided by former Chief Executive Chris Brown totalling GBP250,000 have been settled in loans were due

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.