Last checked at 27 Mar 2015 12:00
27 March 2015
TomCo Energy plc
("TomCo" or the "Company")
Notice of Annual General Meeting
TomCo Energy plc today announces that the annual general meeting of the members of the Company will be held at 13:00 on 23 April 2015 at Conway House, 7-9 Conway Street, St. Helier, Jersey, JE2 3NT.
The formal notice and form of proxy have today been published to the Company's website at www.tomcoenergy.uk.com.
TomCo Energy plc | Tel: +44 20 7917 6822 |
Paul Rankine, CEO / Miikka Haromo, CFO
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Shore Capital (Nomad & Broker) | Tel: +44 20 7408 4090 |
Nominated Adviser |
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Pascal Keane / Edward Mansfield
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Corporate Broking |
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Jerry Keen |
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Tavistock (Financial PR & IR) Ed Portman / Jos Simson | Tel: +44 20 7920 3150
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Notes to Editors:
TomCo Energy plc (AIM: TOM) is a London based, AIM-listed company, with substantial Oil Shale assets in Utah, USA.
TomCo holds a 100% interest in two Oil Shale leases, comprising 5 blocks covering 2,919 acres in Uintah County, Utah. Independent natural resources consultants SRK Consultants Ltd, part of the internationally recognised SRK Group, has declared a surface mineable JORC compliant Measured Resource of 126 million barrels on TomCo's 1,186 acre Holliday Block lease.
The Company has entered into a licence agreement with Red Leaf Resources Inc ("Red Leaf") for the use of their EcoShale™ In-Capsule Process, a proven and environmentally sensitive technology, to extract Oil from TomCo's leases.
Additionally, Red Leaf is planning a 9,800 bopd commercial operation at their Seep Ridge site, which lies about 15 miles SW of TomCo's Holliday Block lease.
Led by a highly experienced management team, TomCo's strategy is to develop the Holliday Block lease as a similar follow-on project to Seep Ridge using the EcoShale™ In-Capsule Process, with the same targeted production of 9,800 bopd.
Glossary:
bopd: barrels of oil per day
JORC Code: The mineral resource classification code devised by the Australasian Joint Ore Reserves Committee