RE: Drilling starts tomorrow30 Nov 2021 12:26
Commenting, John Potter, CEO of TomCo, said: "We are delighted to have completed this purchase of an initial 10% stake in TSHII. The acquisition provides Greenfield with a base from which to accelerate its plans to pursue both the drilling of certain near term oil production wells and thereafter the acquisition of the balancing 90% of the Membership Interests and its first commercial scale plant, subject to funding. We expect the permitting process for the production wells to be completed in Q1 2022, following the drilling of three exploration wells intended to occur in December 2021.