Change of Adviser

RNS Number : 8777B

TomCo Energy PLC

12 October 2015

 

12 October 2015

TomCo Energy plc

("TomCo" or the "Company")

Appointment of SP Angel as Nominated Adviser & Broker

TomCo Energy plc, the oil shale exploration and development company focused on using innovative technology to unlock unconventional hydrocarbon resources, is pleased to announce that the Company has appointed SP Angel Corporate Finance LLP ("SP Angel") as its Nominated Adviser and sole Broker with immediate effect. 

For further information, please visit www.tomcoenergy.uk.com or contact the following:

TomCo Energy Plc	Miikka Haromo, CEO	Tel: [phone]
SP Angel Corporate Finance LLP (NOMAD & Broker)	Stuart Gledhill Richard Hail	Tel: [phone]
Tavistock Communications (Financial PR & IR)	Ed Portman Jos Simson	Tel: [phone]

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

About SP Angel:

SP Angel is an independent partnership based in London providing creative investment banking solutions to investors and growing companies principally in the resources sectors.  SP Angel is the No1 integrated nomad and broker by number of mining brokerage clients on AIM according to the AIM Advisers Ranking Guide.

 

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