Holding(s) in Company

RNS Number : 5625V

TomCo Energy PLC

15 January 2013

 

15 January 2013

TomCo Energy Plc

("TomCo" or "the Company")

Holding(s) in Company

TomCo Energy Limited (AIM: TOM), the oil shale exploration and development company focused on using innovative technology to unlock unconventional hydrocarbon resources, was informed on 14 January 2013 that on 11 January 2013 Douglas Wright transferred an aggregate of 10,000,000 ordinary shares in the Company. The result of this transfer is that Douglas Wright no longer has a holding of 3% or more in the ordinary share capital of the Company.

Enquiries:
TomCo Energy Limited
Paul Rankine, CEO	[phone]
Numis Securities Limited
Nomad and Broker
Alastair Stratton / Oliver Cardigan (Nomad) James Black (Broker)	[phone]
Tavistock Communications
Financial PR & IR
Ed Portman/Conrad Harrington/Jos Simson	[phone]

Notes to Editors:

TomCo Energy Limited (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 the main tract of TomCo's 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

 

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