Share Name Share Symbol Market Type Share ISIN Share Description
TOMCO ENERGY PLC NEX:TOM.GB NEX Ordinary Share IM00BZBXMN96
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.10p -8.00% 1.15p 1.10p 1.40p 1.25p 1.0945p 1.25p 12,973 16:30:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

TomCo Energy PLC Permit approval for Field Test

01/07/2019 1:00pm

UK Regulatory (RNS & others)


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RNS Number : 0559E

TomCo Energy PLC

01 July 2019

1 July 2019

TOMCO ENERGY PLC

("TOMCO" OR THE "COMPANY")

Permit approval for Field Test

TomCo Energy plc (AIM: TOM), the US operating oil shale exploration and development group focused on using innovative technology to unlock unconventional hydrocarbon resources, provides the following update regarding the field test programme at the Company's Holliday A Block in Utah (the "Field Test").

Further to the Company's announcement of 8 May and 24 June 2019, the Company is pleased to announce that the Utah Division of Oil, Gas and Mining ("DOGM") has approved TomCo's application for the Notice of Intention to Conduct Exploration permit ("NOI") on the Holliday Block required to undertake the Field Test.

The NOI, along with the Utah Division of Water Rights acceptance to conduct the drilling of the wells, means the Company now has the required permits it needs to drill the wells and to undertake the Field Test. Himes Drilling Company Inc. have confirmed they will mobilise their equipment to site this week and will commence drilling the week commencing the 8 July.

Enquiries:

TomCo Energy plc

   Andrew Jones (Chairman) / John Potter (CEO)                               +44 (0)20 3823 3635 
   Strand Hanson Limited                                                           (Nominated Adviser) 
   James Harris / Richard Tulloch / James Dance                 +44 (0)20 7409 3494 

Turner Pope (Broker)

Andy Thacker +44 (0)20 3621 4120

For further information, please visit www.tomcoenergy.com.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

July 01, 2019 08:00 ET (12:00 GMT)

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