in-vester
03 Feb 2015
RNS TomCo Energy PLCLiving Rivers withdraws its objection to permitRNS Number : 8403DTomCo Energy PLC03 February 2015  3 February 2015TomCo Energy plc("TomCo" or the "Company"
Living Rivers agrees to withdraw its objection to TomCo's LMO 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 provide an update in relation to the tentative approval of the Company's Notice of Intention to commence Large Mining Operations ("LMO" by the Utah Division of Oil, Gas and Mining ("DOGM". Further to the announcement made by the Company on 18 December 2014 regarding an objection made by Living Rivers during the public consultation period of the LMO, TomCo is pleased to report that Living Rivers has today agreed to withdraw its protest against the approval of the Company's LMO. Living Rivers, DOGM and TomCo ("the Parties" have entered into a stipulation agreement dismissing without prejudice Living Rivers' protest of DOGM's tentative approval of the Company's LMO, which Living Rivers filed with DOGM on 19 November 2014. In summary, the Parties agree that Living Rivers will not oppose the granting of TomCo's LMO. In return TomCo will only progress with commercial-scale construction on its Holliday Block at such time as the results of Red Leaf Resources Inc's ("Red Leaf" nearby Early Production System ("EPS" capsule are available. TomCo will update shareholders as to timing for construction of Red Leaf's EPS capsule in due course. Paul Rankine, CEO commented:"We are delighted to reach an agreement with Living Rivers. This agreement addresses the key objection received during the public consultation period, a precursor to receiving the final LMO permit, which we expect to have granted during Q1 2015." Enquiries: For further information, please visit www.tomcoenergy.uk.comor contact: TomCo Energy plcTel: +44 20 7917 6822Paul Rankine, CEO / Miikka 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 CommitteeThis information is provided by RNSThe company news service from the London Stock Exchange END MSCSSUEFEFISEEEFTSE 100 FTSE All-Share FTSE 250 AIMchart1 Day * | 1 Week | 3 Months | 1 Year Gain: 0.49% Headlines 02-Feb-2015 04:10 PMQannas acquires penthouses at Dubai MarinaQannas Investments Limited has secured the purchase of two pen
in-vester
02 Jan 2015
permits I reckon we shall know if our permits ground water discharge/construction will granted by early February.I am not worried about the price of oil at present,it will go back that is for sure and will put us in a stronger position.
in-vester
25 Dec 2014
merry xmas Everyone and hopefully a prosperous new year.
in-vester
19 Dec 2014
50 dollars A barrel is tomco's breakeven price per barrel.So I think by the time we can start commence getting oil out of the ground the price of oil will be much higher than today.
in-vester
18 Dec 2014
RNS Thursday 18 December, 2014TomCo Energy PLCTentative approval received for additional permitsRNS Number : 1071ATomCo Energy PLC18 December 2014  18 December 2014TomCo Energy plc("TomCo" or the "Company" TomCo receives tentative approval for additional permits 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 report that further to the announcement on 17 February 2014, the Company's Ground Water Discharge Permit ("GWDP" and Construction Permit ("CP" have been tentatively approved by the Utah Division of Water Quality ("DWQ". The approval is another important step in the environmental permitting process and a requirement under Utah State law to take the Company's Holliday Project into commercial production. The public consultation period that ends at the close of business in Utah on 30 January 2015 is required before DWQ can grant final approval. The timing of the final approval and the final approval itself are dependent on the public consultation. DWQ will post all notices concerning the Company's GWDP and CP applications on its website:[link] Following on from the public consultation on the Utah Division of Oil, Gas and Mining ("DOGM"tentative approval of the Company's Notice of Intention to Commence Large Mining Operations ("LMO", DOGM is holding an informal hearing in January 2015 to deal with Living Rivers objection. Paul Rankine, CEO commented:"We are delighted by the news that our GWDP and CP were tentatively approved by DWQ. We have successfully reached the first major milestone in the environmental permitting approval process and we remain confident that final approval will be granted shortly after the public consultation period has ended. We are confident of a positive outcome given the precedent created by Red Leaf Resources receiving its GWDP and CP from DWQ." Enquiries: For further information, please visit www.tomcoenergy.uk.comor contact: TomCo Energy plcTel: +44 20 7917 6822Paul Rankine, CEO / Miikka 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 CommitteeThis info
saltyjimwhitby
15 Dec 2014
Re: share price Totally agree OPEC keeping barrelage high 30 mill .Trying to kill off oil shale in the states , so they can squeeze the most out of the middle east and keep shale out for as long as poss . Most countries need at least 60 to 70 dollars to brake even , so running at a loss some , it won't last forever as tax revenue is also being affected
tangiebaals
15 Dec 2014
Re: share price Declining oil price hammering all oil stocks but particularly shale with its high production costs - fears of in becoming unviable in the short term.
Franconia
12 Dec 2014
Re: share price Down 30% on massive volume (9m on LSE) and no real sign that it will bounce back sharply. Perhaps now is the time for an RNS saying "we know of no reason etc...."? Unless of course, that isn't true???
in-vester
12 Dec 2014
Utah Minerals Program Checked there website and no more news and we already know.I can;t see penny shares recommendations affecting this,what do they know.
Franconia
12 Dec 2014
Re: share price Yes maybe it is just RHPS followers. Wht on earth anyone would sell out at .265 though??!!Looks to be bouncing a little and I not that IG will not accept on line orders to open - close only...
olivesover
12 Dec 2014
Re: share price Understand from post on LSE that Red Hot Penny Share have dumped TOM from their portfolio...Not sure that would have significant effect on the SP.... Does anyone take notice of them anymore?Very strange.....
Franconia
12 Dec 2014
Re: share price No - I dont know what is going on here. No news and an 8.02 trade for 1.1m @.265 !! What is that about? Leak that we have been denied permits or maybe Redleaf have some trouble???
in-vester
12 Dec 2014
share price I cannot understand why the drop in price today.There is no news that I know of.
in-vester
04 Dec 2014
RNS Thursday 04 December, 2014TomCo Energy PLCFinal Results RNS Number : 8943YTomCo Energy PLC04 December 2014 4 December 2014 TomCo Energy plc("TomCo" or "the Company" Full year results for the year ended 30 September 2014 TomCo Energy plc (AIM: TOM), the oil shale exploration and development company focused on using innovative technology to unlock unconventional hydrocarbon resources in the United States, is pleased to announce its full year results for the year ended 30 September 2014. The annual report and accounts are available on the Company's website. Enquiries:For further information, please visit www.tomcoenergy.uk.com or contact: TomCo Energy plc Tel: +44 20 7917 6822 Paul Rankine, CEO / Miikka Haromo, CFO Shore Capital (Nomad & Broker) Tel: +44 20 7408 4090 Nominated Adviser Pascal Keane / Edward Mansfield Corporate Broking Jerry Keen Tavistock Communications (Financial PR & IR)Ed Portman / Jos Simson Tel: +44 20 7920 3150 Report of the Directors The Directors submit their report and the financial statements of the Company and of the Group for the year ended 30 September 2014. Principal activityThe principal activity of the Group is that of developing oil shale leases for future production. Risk assessment The Group's oil and gas activities are subject to a range of financial and operational risks which can significantly impact on its performance.Operational riskThe Group has obtained resource assessments in relation to its oil shale leases, the latest of which shows 126 million barrels of oil in surface mineable JORC Measured Resource.TomCo has entered into a license with Red Leaf Resources Inc ("Red Leaf", which developed and owns the patents to the EcoShale™ extraction process, to use this unique and environmentally sensitive technology to extract oil from the Group's leases. Having built and tested a pilot plant in 2008 and completed its permitting for the Seep Ridge project, Red Leaf has started construction of a one-off Early Production System ("EPS" capsule, which is 75% of the planned full scale commercial capsules used to produce 9,800 barrels of oil per day (bopd), to demonstrate scalability of the process and economic viability of its Utah projects. The technology produced by Red Leaf is currently unique within the marketplace and until extraction commences, the viability of this technology will not be determinable. Once the viability of this technology has been determined, the Group intends to build and operate a similar EcoShale™ plant on its Holliday Block lease in Utah.Environmental, health and safety and other regulatory standardsThe Group's future extraction activities are subject to various federal and state laws and regulations relating to the protection of the environment including the obtaining of appropriate permits and approvals by relevant environmental authorities. Such regulations typically cover a wide variety of matters including, without limitation, prevention of waste, pollution and protection of the environment, labour regulations and worker safety. Furthermore, the future introduction or enactment of new laws, guidelines and regulations could serve to limit or curtail the growth and development of the Group's business or have an otherwise negative impact on its operations. The Group ensures it complies with the relevant laws and regulations in force in the jurisdictions in which it operates.Liquidity and interest rate risksThe Group is ultimately dependent on sources of equity or debt funding to develop its exploration assets and meet its day to day capital commitments. Cash forecasts identifying the liquidity requirements of the Group are produced frequently. These are reviewed regularly by
in-vester
20 Nov 2014
Buys Some big buys going through today.There must be an rns soon.
