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IN BRIEF: TomCo Energy to provide services to Heavy Sweet Oil

Wed, 26th Jan 2022 19:13

TomCo Energy PLC - oil explorer in Utah - Enters agreement with US-based oil & gas firm Heavy Sweet Oil LLC, to assist the company with permitting and government relation for its planned drilling programme near the D Tract of the Tar Sands Holdings II LLC in the Uinta Basin, Utah.

Heavy Sweet Oil will pay TomCo USD10,000 per month for its services, starting from January 1.

Current stock price: 0.48 pence

12-month change: down 2.0%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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