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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tomco Energy Plc | LSE:TOM | London | Ordinary Share | IM00BZBXMN96 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.001 | 2.67% | 0.0385 | 0.037 | 0.04 | 0.0385 | 0.0375 | 0.0375 | 5,809,566 | 11:00:17 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Drilling Oil And Gas Wells | 0 | -690k | -0.0002 | -2.00 | 1.27M |
From Apr 2019 to Apr 2024
TIDMTOM
RNS Number : 4910H
TomCo Energy PLC
18 August 2016
This replaces the Company Update announcement made yesterday, 17 August 2016, at 16:19 BST under RNS number 4712H.
It was incorrectly stated that "The Company has reduced its annualised cost base to GBP155,000 per annum, compared with GBP457,000 per annum 18 months ago and continues to monitor its cost base." The sentence should have read "The Company has reduced its annualised cost base by approximately GBP300k per annum, compared with that 18 months ago and continues to monitor its overheads. As at 30 June 2016, the Company had GBP165,000 in cash."
All other details remain unchanged. The full amended text is shown below.
18 August 2016
TomCo Energy plc (AIM: TOM )
("TomCo" or the "Company")
Company Update
Further to the announcement made by TomCo on 6 July 2016, the Company is pleased to provide a further update to the information provided in that announcement and in the report by Astratec Africa Limited ("Astratec Report"), which was published on the Company's website on 6 July 2016.
TomCo has today published an updated corporate presentation, which includes new information on the Company's palm oil project (pages 11 and 16) and is available here
http://www.rns-pdf.londonstockexchange.com/rns/4910H_-2016-8-17.pdf and on the
Company's website at www.tomcoenergy.uk.com
The Company has reduced its annualised cost base by c.GBP300k per annum, compared with that 18 months ago and continues to monitor its overheads. As at 30 June 2016, the Company had GBP165,000 in cash.
The Company continues to review debt and equity financing options to fund the Palm Oil project and its Fresh Fruit Bunches processing plant (expected to cost approximately US$500,000) and to provide it with additional working capital. Any material delay in funding could lead to a delay in the start-up of the project.
The Company will make further announcements in due course, as appropriate.
Enquiries:
For further information, please visit www.tomcoenergy.uk.com or contact:
TomCo Energy plc Telephone +44 (0) 20 3823 3635 Chris Brown (CEO) chris@tomcoenergy.uk.com Andrew Jones (Chairman) andrew@tomcoenergy.uk.com SP Angel Corporate Finance LLP (Nomad & Broker) Telephone +44 (0) 20 3470 0470 Stuart Gledhill stuart.gledhill@spangel.co.uk Richard Hail richard.hail@spangel.co.uk Tavistock (Financial PR) Telephone +44 (0) 20 7920 3150 Ed Portman/Jos Simson eportman@tavistock.co.uk -------------------------- ------------------------------
-ENDS-
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCPRMTTMBIBTAF
(END) Dow Jones Newswires
August 18, 2016 02:00 ET (06:00 GMT)
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