Interim Results

TomCo Energy PLC
28 June 2007



                                TOMCO ENERGY PLC
                           ('TomCo' or 'the Company')

             INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2007


Since completion of the acquisition of The Oil Mining Company Inc. on 16 January
2007, the Company has announced the investment of $1.39 million in the following
ways:

• $98,000 for a 40 per cent. interest in the Flusche drilling prospect in Texas;

• $160,000 for a 20 per cent. interest in three TN drilling prospects in
  Tennessee;

• $126,000 for a 30per cent. interest in the Rock Crossing drilling prospect in
  Texas;

• $972,000 in a joint venture with Mark III Energy in Texas covering nine
  producing wells and drilling prospects for a further seventeen wells; and

• $30,000 for a 15 per cent. interest in the JELP III drilling prospect in
  Kansas.


Howard Crosby of TomCo commented:

'The period under review covers a period during which the Company has been
transformed: the Board's strategy, of holding the oil shale assets until
commercial production is economical, whilst pursuing exposure to conventional,
low cost oil & gas production, is already being fulfilled.'


For more information contact:                  Tel: [phone]
TomCo Energy Plc
Howard Crosby

Strand Partners Limited                        Tel: [phone]
Simon Raggett
Warren Pearce
Thomas Lockyer

Bankside Consultants                           Tel: [phone]
Simon Rothschild
Louise Mason


Chairman's Statement

I am pleased to announce the interim results for TomCo (formerly Netcentric
Systems Plc) for the six months ended 31 March 2007. These financial results
reflect the fundamental changes which have taken place in the period.
On 16 January 2007, Netcentric Systems Plc completed the reverse acquisition of
The Oil Mining Company Inc, which owns two separate groups of mineral leases on
approximately 2,918 acres of oil shale in the State of Utah, USA. SRK the
independent firm of mining consultants reporting on the acquired leases, has
estimated these leased oil shale areas to contain some 230 million barrels of
oil.

In conjunction with the acquisition, the Company raised a total of £1.78 million
through a placing of 71.25 million new ordinary shares, at a placing price of
2.5 pence each. These funds are being used as working capital and also to enable
the Company to investigate and make investments in producing oil wells and
drilling in proven undeveloped acreage in the USA in accordance with the
Company's published policy.

On completion of the acquisition the Company changed its name to TomCo Energy
Plc and was re-admitted to trading on AIM (Symbol: TOM.L). John Ryan, the
President of The Oil Mining Company Inc, was also appointed to the Board as
Commercial Director.

The Company's strategy now is to hold the oil shale assets in reserve until such
time as their exploitation becomes commercially and economically practical and
to utilise the expertise of Howard Crosby, our CEO, and John Ryan (who together
were the architects of the huge success of Cadence Resources Inc, a public US
based oil and gas company which they took from a market value of under $1
million to $450 million over the five years from 2001 to 2006) in investment in
oil wells and proven undeveloped acreage located in the USA. This strategy is
now being implemented and the Company has, to date, already invested
$1.39 million in such situations with a view to creating an investment portfolio
of conventional American based, shallow producing oil wells and proven
undeveloped drilling locations. Progress reports for these will be released
as appropriate. Meanwhile the Board continues to actively seek further
investments, acquisitions and oil business associations.

Although there have been recent advances in the technology to extract oil from
oil shale, particularly by Shell Oil, oil shale in the USA is not yet being
commercially exploited on any scale. However, your Board believes that this
situation should change over the next decade (as a result of the huge strategic
and commercial pressures, together with present supply anxiety) and may, within
this time frame, induce the USA to create an oil shale industry in the way that
the Canadian tar sands industry was created.

Shareholders can find detailed information on the Company's website:
www.tomcoenergy.com which, in accordance with AIM Rule 26, contains a summary of
our current strategy, detailed information about US oil shale and oil shale
related links to US Government sites.


Stephen Komlosy
Chairman


Income Statement
(for the 6 months ended 31 March 2007)

                                   Six months      Six months       Year ended
                                        ended           ended
                                31 March 2007   31 March 2006     30 September
                                                                          2006
                                    Unaudited       Unaudited          Audited
                                        £'000           £'000            £'000
                                  -----------     -----------      -----------
Continuing operations
Revenue                                     -               -               -
Cost of sales                               -               -               -
                                  -----------     -----------     -----------
Gross profit                                -               -               -
Administrative expenses                  (204)            (32)            (131)
                                  -----------     -----------      -----------
Operating loss                           (204)            (32)            (131)
                                  -----------     -----------      -----------
Interest receivable and
similar income                              5               2                4
                                  -----------     -----------      -----------
Loss before taxation                     (199)            (30)            (127)
Taxation                                    -               -               -
                                  -----------     -----------     -----------
Loss for the period                      (199)            (30)            (127)
                                  -----------     -----------      -----------
Attributable to equity
holders of the company                   (199)            (30)            (127)
                                  -----------     -----------      -----------


                                     Six months      Six months      Year ended
                                          ended           ended
                                  31 March 2007   31 March 2006    30 September
                                                                           2006
                                      Unaudited       Unaudited         Audited
Earnings per share              Pence per share Pence per share Pence per share
---------------------               -----------     -----------     -----------
From continuing and
discontinued operations
Basic                                   (0.07)          (0.02)           (0.09)
Diluted                                 (0.07)          (0.02)           (0.09)
From continuing operations
Basic                                   (0.07)          (0.02)           (0.09)
Diluted                                 (0.07)          (0.02)           (0.09)
---------------------               -----------     -----------      -----------


The financial information above may not be representative of future results. For
example, the historical capital structure does not reflect the future capital
structure. Future interest income and expense, certain operating costs, tax
charges and dividends may be significantly different from those that resulted
from the historical ownership structure.



Statement of the Total Recognised Income and Expense
(for the 6 months ended 31 March 2007)

                                    Six months      Six months      Year ended
                                         ended           ended
                                 31 March 2007   31 March 2006    30 September
                                                                          2006
                                     Unaudited       Unaudited         Audited
                                        £'000           £'000            £'000
                                    -----------     -----------      -----------
Loss for the financial
period                                   (199)            (30)            (127)
---------------------               -----------     -----------      -----------
Net losses recognised
directly in equity                       (199)            (30)            (127)
---------------------               -----------     -----------      -----------
Total recognised income and
expense
for the period                           (199)            (30)            (127)
---------------------               -----------     -----------      -----------
Attributable to the equity
shareholders
of the Company                           (199)            (30)            (127)
---------------------               -----------     -----------      -----------



Balance Sheet
(as at 31 March 2007)

                                31 March 2007 31 March 2006 30 September 2006
                                    Unaudited     Unaudited           Audited
                                        £'000         £'000             £'000
                                    -----------   -----------       -----------
ASSETS
Non current assets
Property, plant and equipment               2             -                 2
Available for sale investments             94            94                94
Participating interests                   168             -                 -
Goodwill                                5,013             -                 -
----------------------              -----------   -----------       -----------
                                        5,277            94                96
                                    -----------   -----------       -----------
Current assets
Trade and other receivables                54             3                86
Cash and cash equivalents               1,004             2                83
----------------------              -----------   -----------       -----------
                                        1,058             5               169
                                    -----------   -----------       -----------
LIABILITIES
Current liabilities
Trade and other payables                  (62)          (55)              (47)
----------------------              -----------   -----------       -----------
                                          (62)          (55)              (47)
                                    -----------   -----------       -----------
Net current assets                        996           (50)              122
----------------------              -----------   -----------       -----------
Net assets                              6,273            44               218
----------------------              -----------   -----------       -----------
SHAREHOLDERS' EQUITY
Share capital                           2,217           649               832
Share premium account                   5,057            50               188
Retained earnings                      (1,001)         (655)             (802)
----------------------              -----------   -----------       -----------
Total equity                            6,273            44               218
----------------------              -----------   -----------       -----------



Cash Flow Statement
(as at 31 March 2007)
                                     Six months     Six months      Year ended
                                          ended          ended
                                  31 March 2007  31 March 2006    30 September
                                                                          2006
                                      Unaudited      Unaudited         Audited
                                          £'000          £'000           £'000
                                       ----------     ----------      ----------
Cash flows from operating
activities
Cash generated from
operations                                 (157)            (3)            (99)
Interest received                             5              2               4
-----------------------                ----------     ----------      ----------
Net cash used operating
activities                                 (152)            (1)            (95)
-----------------------                ----------     ----------      ----------
Cash flows from investing
activities
Purchase of equipment                        (1)            -               (2)
Purchase of
participating interests                    (168)            -              (94)
-----------------------                ----------     ----------      ----------
Net cash used in
investing activities                       (169)            -              (96)
-----------------------                ----------     ----------      ----------
Cash flows from financing
activities
Issue of share capital                    1,242             -              271
-----------------------                ----------     ----------      ----------
Net increase/(decrease) in cash
and cash equivalents                        921             (1)             80
Cash and cash equivalents at
beginning
of financial period                          83              3               3
-----------------------                ----------     ----------      ----------
Cash and cash equivalents at end
of financial period                       1,004              2              83
-----------------------                ----------     ----------      ----------


Notes

1. Financial information

The interim financial information has been prepared on the basis of the
accounting policies as set out in the statutory financial statements for the
year ended 30 September 2006. The financial information set out herein does not
constitute statutory accounts.


2. Audit review

These interim results have not been subject to a full review by our Company
auditors which is in accordance with our normal interim procedures.


3. Segmental reporting

Analysis by geographical segment
There was no revenue in the six month period. The loss before taxation arises
principally from the expenditure incurred in the United Kingdom in reshaping and
relisting the Company. Net assets are held in the United Kingdom, with the
exception of investments held in US oil properties totalling £168,000.


Analysis by business segment
Based on an analysis of risks and returns, the Directors consider that the
Company has only one identifiable business segment; energy. The Directors
consider that no further segmentation is appropriate.

                                 Operational           Central
                                  activities             costs           Total
Six months ended 31 March 2007         £'000             £'000           £'000
-----------------------             ----------      ----------        ----------
Continuing activities
Revenue                                    -                 -            -
Administrative expenses                    -              (204)           (204)
-----------------------            ----------         ----------      ----------
Operating loss                             -              (204)           (204)
Interest receivable and similar            -                 5               5
income                             ----------         ----------      ----------
-----------------------
Loss for the year                          -              (199)           (199)
-----------------------            ----------         ----------      ----------
Financial assets
- Property, plant and equipment            -                 2               2
- Available for sale investments          94                 -              94
- Participating interests                168                 -             168
Trade and other receivables                -                54              54
Cash and cash equivalents                  -             1,004           1,004
Goodwill                                   -             5,013           5,013
-----------------------            ----------         ----------      ----------
Total assets                             262             6,073           6,335
-----------------------            ----------         ----------      ----------
Financial liabilities
Trade and other payables                   -               (62)            (62)
-----------------------            ----------         ----------      ----------
Total liabilities                          -               (62)            (62)
-----------------------            ----------         ----------      ----------


                                 Operational        Central
                                 activities         costs                Total
Six months ended 31 March 2006         £'000            £'000            £'000
---------------------              -----------      -----------      -----------
Continuing activities
Revenue                                    -                  -                -
Administrative expenses                    -               (32)             (32)
---------------------            -----------        -----------      -----------
Operating loss                             -               (32)             (32)
Interest receivable and similar            -                 2                2
income                           -----------        -----------      -----------
---------------------
Loss for the year                          -               (30)             (30)
---------------------            -----------        -----------      -----------
Financial assets
Trade and other receivables               94                3               97
Cash and cash equivalents                 -                 2                2
---------------------            -----------        -----------      -----------
Total assets                              94                5               99
---------------------            -----------        -----------      -----------
Financial liabilities
Trade and other payables                 -                 (55)             (55)
---------------------            -----------        -----------      -----------
Total liabilities                        -                 (55)             (55)
---------------------            -----------        -----------      -----------


                                Operational           Central
                                 activities             costs             Total
Year ended 30 September 2006          £'000             £'000             £'000
---------------------              -----------      -----------      -----------
Continuing activities
Revenue                                  -                   -                -
Administrative expenses                  -               (131)             (131)
---------------------            -----------        -----------      -----------
Operating loss                           -               (131)             (131)
Interest receivable and similar          -                  4                 4
income                           -----------        -----------      -----------
---------------------
Loss for the year                        -               (127)             (127)
---------------------            -----------        -----------      -----------
Financial assets
- Property, plant and equipment          -                  2                 2
- Available for sale investments         94                 -                94
Trade and other receivables              -                 86                86
Cash and cash equivalents                -                 83                83
---------------------             ------------      -----------      -----------
Total assets                              94              171               265
---------------------             ------------      -----------      -----------
Financial liabilities
Trade and other payables                 -                (47)              (47)
---------------------            -----------        -----------      -----------
Total liabilities                        -                (47)              (47)
---------------------            -----------        -----------      -----------



4. Earnings per share

Basic earnings per share is calculated by dividing the earnings attributable to
ordinary shareholders by the weighted average number of ordinary shares
outstanding during the year.


For diluted earnings per share, the weighted average number of ordinary shares
in issue is adjusted to assume conversion of all dilutive potential ordinary
shares. Share warrants do not have a dilutive effect.


Reconciliations of the earnings and weighted average number of shares used in
the calculations are set out below:

                                                       Weighted
                                                        average
                                                      number of      Per share
                                        Earnings         shares         amount
Six months ended 31 March 2007             £'000          000's          pence
--------------------------               ---------     ----------     ----------
Basic EPS
Earnings attributable to ordinary           (199)       290,300          (0.07)
shareholders
Effect of dilutive securities                   -          -              -
                                         ---------     ----------     ----------
Diluted EPS
Adjusted earnings                           (199)       290,300          (0.07)
--------------------------               ---------     ----------     ----------



                                                        Weighted
                                                         average
                                                       number of      Per share
                                        Earnings          shares         amount
Six months ended 31 March 2006             £'000           000's          pence
--------------------------               ---------     ----------       --------
Basic EPS
Earnings attributable to ordinary            (30)        139,735          (0.02)
shareholders
Effect of dilutive securities                   -          -                  -
--------------------------               ---------     ----------       --------
Diluted EPS
Adjusted earnings                            (30)        139,735          (0.02)
--------------------------               ---------     ----------      ---------



                                                        Weighted
                                                         average
                                                       number of      Per share
                                        Earnings          shares         amount
Year ended 30 September 2006               £'000           000's          pence
--------------------------              ---------      ----------      ---------
Basic EPS                                              
Earnings attributable to ordinary           (127)        149,227          (0.09)
shareholders                              
Effect of dilutive securities                   -              -              -
--------------------------              ---------      ----------      ---------
Diluted EPS
Adjusted earnings                           (127)        149,227          (0.09)
--------------------------              ---------      ----------      ---------



Notes

TomCo is an AIM listed company which continues to actively develop a
conventional oil production profile in the South-Western United States. The
Company also owns leases on approximately 3000 acres of shale oil holdings in
Utah, estimated by SRK (an independent firm of mining consultants) to contain
some 230 million barrels of oil.




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