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

Mon, 01st Jul 2019 13:37

(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 Utah state.

The company said that the Utah Division of Oil, Gas & Mining has approved TomCo's application for the Notice of Intention to Conduct Exploration permit on the Holliday Block required to undertake the field test.

TomCo Energy expects drilling on the block to commence drilling during the week starting July 8

Shares in TomCo Energy were up 22% at 3.47 pence each on Monday afternoon.

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