Franconia
18 Jul 2015
Re: RNS Really interesting to see yesterday's BOD appointments, both NEDs. According to the website[link] has been updated promptly) we only have 3 directors, including the 2 NEDS! That's what I call streamlined!Looking at their experience, it is heavily skewed to M&A expertise. Wonder if there are any offers in for us yet? It all points to a waiting game until Redleaf get going, which will only be when the oil price lifts again. Sit tight, bottom drawer, accumulate, whatever. I wont be selling yet awhile
alltold9
17 Jul 2015
TRANSFORMATIONAL NEWS! Last part of the jigsaw to follow then whooooooooosh back to the good old days.
in-vester
17 Jul 2015
RNS TomCo Energy PLCApproval of Ground Water Discharge PermitRNS Number : 3392TTomCo Energy PLC17 July 2015 17 July 2015TomCo Energy plc("TomCo" or the "Company"
Holliday Block Fully Permitted Approval of Ground Water Discharge Permit and Construction Permit TomCo Energy plc (AIM: TOM), the oil shale exploration and development company focused on using innovative technology to unlock unconventional hydrocarbon resources, is pleased to announce that further to the statement made by the Company on 5 February 2015, the Utah Division of Water Quality ("DWQ" has issued TomCo with a Ground Water Discharge Permit ("GWDP" and a Construction Permit ("CP". After successfully securing its Large Mining Operation permit from the Utah Division of Oil, Gas & Mining in February 2015, TomCo has now received all necessary major permits from the various Utah State departments to take the Company's Holliday Block into development and production. TomCo has agreed with environmental group Living Rivers only to commence full-scale development of its Holliday Block at such time as the result of Red Leaf Resources Inc's ("Red Leaf" nearby Early Production System capsule is known. Miikka Haromo, CFO commented:"The approval of the Ground Water Discharge Permit and the Construction Permit is a major milestone for TomCo, as we now have the same major Utah State permits currently held by Red Leaf. This paves the way for our Holliday Block to move into full development. We now eagerly wait for the results of Red Leaf's nearby Early Production System capsule." Enquiries: For further information, please visit www.tomcoenergy.uk.com or contact: TomCo Energy plcTel: +44 20 7917 6822Miikka Haromo, CFO Shore Capital (Nomad & Broker)Tel: +44 20 7408 4090Nominated AdviserPascal Keane / Edward Mansfield Corporate BrokingJerry KeenTavistock Communications (Financial PR & IR)Ed Portman / Jos SimsonTel: +44 20 7920 3150 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
in-vester
29 May 2015
For sale I hope not.I am willing to wait two years to see what happens.Oil will I am sure will be a lot higher than now
Franconia
29 May 2015
RNS CEO resigns I understand the need to preserve cash given the Redleaf delay but am concerned that PR is leaving. The good news is that he at least stays on as a consultant advisor.Not sure what to make of the "The Board continues to explore various M&A options to deliver shareholder value" comment. Are we for sale?
yoyo
26 May 2015
very Quite here, I have high hopes for a good profit from this point GL all!
Franconia
29 Apr 2015
RNS 6mth results [link] cash balanace at 31/3/15""Implementation of a series of cost cutting measures.."
dickie3times
06 Apr 2015
Reuters - oil rises US oil settles up $3, or 6.1%, at $52.14 a barrel1 Hour 30 mins agoReuters[link] oil rallied 6 percent on Monday as traders reassessed how quickly Iran could increase exports after a preliminary nuclear deal and anticipated that a months-long rise in U.S. inventories may be slowing.U.S. crude for May delivery closed up $3.00, or 6.11 percent, at $52.14 a barrel, its largest one-day gain since February 3. Brent crude for May delivery was up $2.90 from Thursday at $57.80 a barrel.Brent crude tumbled nearly 4 percent on Thursday after Iran and six world powers announced a framework agreement on the OPEC member's nuclear program. But initial expectations of a quick recovery in oil exports were tempered by views that it could take up to a year to roll back sanctions."While clearly a bearish headline, a final deal and full lifting of sanctions still faces a number of obstacles," Morgan Stanley analysts said in a note.Read MoreIranian finance, energy sectors could soar on deal"Even if a final deal is reached, we do not expect any physical market impact before 2016," the analysts said.Oil extended gains after industry intelligence group Genscape reported that stockpiles at Cushing, Oklahoma, barely rose last week, according to traders. It would be the smallest increase in stocks since November at the delivery point for the U.S. crude contract traded on the New York Mercantile Exchange.A Genscape official was not immediately available to comment.
Franconia
28 Mar 2015
Re: Red Leaf RNS wvm,The market seems fairly comfortable with the news. Like you, I need SOMETHING to come good.. At least TOM is tradings unlike my holdings in RRL and SNRP....
white_van_man
27 Mar 2015
Re: Red Leaf RNS I took it as good news, I.e. they are doing this earlier than originally planned, but it is open to different interpretation. However, is good news in that it is still going ahead in the lower oil price environment.Could do with one of my oil shares coming good!
Franconia
27 Mar 2015
Red Leaf RNS [link] is an acceleration of design optimization and an adjustment to the construction scheduleto allow for incorporation of the design improvements"So is that a delay then???
in-vester
18 Feb 2015
windsor Still have a decent stake even though they have sold some shares.It is a waiting game now for the oil price to get up to a realistic price.
Franconia
18 Feb 2015
Holdings RNS So, as notified today, Windsor have dropped below the 4% threshold and have 83m shares, down from 88m. However, the transaction occured on 3rd Feb which, funnily enough, was just before the big drop brought about by the Red Leaf delay. Don't try telling me that they had no idea....
in-vester
05 Feb 2015
I'm still in for the long haul.
Franconia
05 Feb 2015
RNS - Redleaf H2 2016 Not a great surprise that production has slipped to second half 2016:Update on Permits and Timing TomCo Energy plc (AIM: TOM), the oil shale exploration and development company focused on using innovative technology to unlock unconventional hydrocarbon resources, is pleased to provide the following update. PermittingThe Utah Division of Water Quality ("DWQ" has informed the Company that following the end of the public consultation period on its Ground Water Discharge Permit ("GWDP" and Construction Permit ("CP", the only objection was lodged by Living Rivers. DWQ, with TomCo's assistance, is currently in the process of drafting a response to Living Rivers objection. Timing for developmentFurther to the announcement of 3 February 2015, the Company's technology provider Red Leaf Resources Inc. ("Red Leaf" has released an update as to the timing of construction for its Early Production System ("EPS" capsule, with the full press release reproduced below. "Given global speculation about conventional oil markets and Utah's strong interest in unconventional oil resources, oil-shale development company Red Leaf Resources issued the following statement today regarding the timeline of its commercial demonstration project: · Red Leaf is not yet in commercial production. Our large scale demonstration project is under construction and will continue despite current oil prices. We have designed a deliberately slow and careful construction process for this first capsule which, coincidentally, will give oil prices time to recover before we begin full commercial production.· Red Leaf recently approved the work plan and schedule for the next phase of capsule construction with Ames Construction. As part of the new work plan, and in part due to current market forces, Red Leaf will push back the target date for completion of capsule construction and applying first heat until the second half of 2016.· Generally speaking, we believe that oil prices will continue to be cyclical, as they have always been. Cyclical troughs, like the one we are in now, serve to both stimulate demand and restrict new investment in incremental production. Over time these factors lead to new cyclical highs. We believe that weak prices now will increase the odds that we bring our continuous commercial production online in a strong oil price environment.· Red Leaf has made strategic asset acquisitions in recent weeks and will continue to look for good opportunities in today's depressed market. We remain confident in our technology and are pleased with the progress made so far on the commercial demonstration project." TomCo will only progress with commercial-scale construction on its Holliday Block at such time as the results of Red Leaf's nearby EPS capsule are available.
