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Pin to quick picksTomco Energy Regulatory News (TOM)

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Greenfield Update

18 May 2021 07:00

RNS Number : 9183Y
TomCo Energy PLC
18 May 2021
 

18 May 2021

 

TOMCO ENERGY PLC

("TomCo" or the "Company")

 

Greenfield Update

 

 

TomCo Energy plc (AIM: TOM), the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, provides the following update in respect of the work being undertaken by Greenfield Energy LLC ("Greenfield"), the Company's 50/50 joint venture with Valkor LLC ("Valkor"), with respect to Petroteq Energy Inc's ("Petroteq") existing oil sands plant at Asphalt Ridge, Utah (the "POSP").

 

Utah's Division of Oil, Gas and Mining ("DOGM") issued a Cessation Order (the "CO") on 14 May 2021 in respect of the POSP's operations at the Temple Mountain Mine on Permit Number M/47/0089 being operated by Greenfield. The CO alleges that the previously approved operational mining plan is not being followed, specifically stating that the facility is processing material from an off-site source and staging waste products from off-site sources. Greenfield strongly refutes the basis for the issuance of the CO and believes that it has been conducting operations in line with the site's existing permit held by Petroteq and the approved operational plan. Accordingly, Greenfield's legal adviser has formally responded to DOGM requesting they withdraw the CO with immediate effect. As is customary in such situations, a site meeting has been arranged between Greenfield and members of DOGM for today to seek to resolve the matter with a follow-up conference to be held by Friday 21 May 2021 as necessary.

 

Until such time as the CO is withdrawn, processing and testing operations at the POSP will remain suspended.

 

A further update will be made as and when appropriate.

 

Enquiries:

 

TomCo Energy plc

Malcolm Groat (Chairman) / John Potter (CEO) +44 (0)20 3823 3635

 

Strand Hanson Limited (Nominated Adviser)

James Harris / Matthew Chandler +44 (0)20 7409 3494

 

Novum Securities Limited (Broker)

Charlie Brook-Partridge/Jon Belliss +44 (0)20 7399 9402

 

IFC Advisory Limited (Financial PR)

Tim Metcalfe / Graham Herring +44 (0)20 3934 6630

 

For further information, please visit www.tomcoenergy.com.

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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UPDSFFEEWEFSEEI
Date   Source Headline
8th Apr 20191:00 pmRNSNotice of AGM
5th Apr 20192:20 pmRNSHolding(s) in Company
4th Apr 20194:56 pmRNSHolding(s) in Company
29th Mar 20197:00 amRNSFinal Results
20th Mar 20197:00 amRNSPlacing, Field Test Update & Additional Leases
18th Mar 20197:00 amRNSUpdated Resources Statement
11th Mar 20192:00 pmRNSPrice Monitoring Extension
11th Feb 20194:40 pmRNSSecond Price Monitoring Extn
11th Feb 20194:35 pmRNSPrice Monitoring Extension
11th Feb 20192:05 pmRNSSecond Price Monitoring Extn
11th Feb 20192:00 pmRNSPrice Monitoring Extension
11th Feb 201911:05 amRNSSecond Price Monitoring Extn
11th Feb 201911:00 amRNSPrice Monitoring Extension
31st Jan 20195:30 pmRNSHolding(s) in Company
29th Jan 20197:00 amRNSTurboShale Update on Field Test and Patent Granted
14th Jan 201911:15 amRNSSettlement of Loans and issue of shares
14th Dec 20188:00 amRNSPlacing, Oil Shale Leases and Director Appointment
3rd Dec 20187:00 amRNSTECHNICAL APPOINTMENT ADVISERS & FIELD TEST UPDATE
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19th Nov 20187:00 amRNSAppointment of Broker and Restoration of Trading
16th Nov 20187:30 amRNSSuspension - Tomco Energy plc
16th Nov 20187:30 amRNSSuspension of trading & termination of placing
14th Nov 20182:00 pmRNSPrice Monitoring Extension
14th Nov 201811:05 amRNSSecond Price Monitoring Extn
14th Nov 201811:00 amRNSPrice Monitoring Extension
13th Nov 20182:32 pmRNSHolding(s) in Company
12th Nov 201811:05 amRNSSecond Price Monitoring Extn
12th Nov 201811:00 amRNSPrice Monitoring Extension
9th Nov 20184:02 pmRNSUpdate on TurboShale and the Field Test Program
5th Nov 20187:00 amRNSPlacing
1st Nov 201812:00 pmRNSUpdate on Field Test
30th Oct 20187:00 amRNSFund Raise & Disposal of interest in Red Leaf
19th Oct 20187:00 amRNSNew Website Launch
18th Oct 20187:00 amRNSTurboShale Update on Field Test
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8th Oct 20184:15 pmRNSDirector/PDMR Shareholding
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10th Sep 20187:00 amRNSTurboShale Update on Field Test
30th Aug 20187:00 amRNSDirector/PDMR Shareholding
13th Aug 20181:15 pmRNSDirector/PDMR Shareholdings
6th Aug 20187:00 amRNSGranting of Share Options / PDMR Dealing
31st Jul 20187:00 amRNSTR1
13th Jul 201811:15 amRNSHolding(s) in Company
29th Jun 20187:00 amRNSInterim results
26th Jun 201812:07 pmRNSSecond Price Monitoring Extn
26th Jun 201812:02 pmRNSPrice Monitoring Extension
26th Jun 201811:28 amRNSEquity Placing
22nd Jun 20187:00 amRNSUpdate on Holliday Block

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