27 Apr 2021 07:00
27 April 2021
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TOMCO ENERGY PLC
("TomCo" or the "Company")
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Greenfield Update
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TomCo Energy plc (AIM: TOM), the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, is pleased to provide a further 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").
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As announced on 1 April 2021, Greenfield identified certain additional enhancements that were required to be made to the POSP to allow for a more efficient and optimised operation. Greenfield is pleased to report that this additional equipment has now been successfully installed and tested, and the POSP is again operational.
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Further updates will be issued as operations progress.
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Enquiries:
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TomCo Energy plc
Malcolm Groat (Chairman) / John Potter (CEO) +44 (0)20 3823 3635
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Strand Hanson Limited (Nominated Adviser)
James Harris / Matthew Chandler +44 (0)20 7409 3494
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Novum Securities Limited (Broker)
Charlie Brook-Partridge/Jon Belliss +44 (0)20 7399 9402
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IFC Advisory Limited (Financial PR)
Tim Metcalfe / Graham Herring +44 (0)20 3934 6630
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For further information, please visit www.tomcoenergy.com.
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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.
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