CORRECT: TomCo Energy shares down after loan repayment and extension

Fri, 14th Oct 2022 13:43

TomCo Energy PLC - London-based oil explorer in the US state of Utah - Repays USD250,000 of its unsecured loan from Valkor Oil & Gas LLC to its wholly-owned subsidiary Greenfield Energy LLC. Also extends repayment date for remaining USD1.0 million of the loan to October 31. The loan was used for the acquisition of an initial 10% of the membership interest in Tar Sands Holdings II LLC.

Current stock price: 0.39 pence, down 4.9%

12-month change: down 40%

By Sophie Rose; sophierose@alliancenews.com

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