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TomCo Energy: Analyst highlights attractive economics of a new oil sands separation technology

Proactive Research analyst Ed Stacey takes a look at TomCo (LON:TOM) following the news of a joint venture to help unlock the potential for oil sands development using an innovative new production technology.

TomCo's an oil & gas exploration and production company which operates in the Uinta basin in Utah.

Stacey says aside from producing a ready-for-market product, the separation system has other unique advantages compared with existing oil sands separation technologies including the fact that there's limited environmental impact, with a modest water requirement, and no “dirty” sand to remediate at the end of the process.

Click here to read Ed Stacey's initiation report

Quick facts: TomCo Energy PLC

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AIM:TOM

Price: 0.525 GBX

Market Cap: £7.62 m

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TomCo Energy makes "considerable progress" towards Tar Sands production facility

TomCo Energy PLC (AIM:TOM, FRA:NI41) chairman Malcolm Groat and CEO John Potter joined Proactive London's Stephen Gunnion following the company's annual general meeting this week. Groat and Potter telling Proactive that the company has made considerable progress in recent months with its...

1 week, 3 days ago

2 min read