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TomCo Energy: Oil sands opportunity is 'alluring'

Proactive analyst Ed Stacey talks to Katie Pilbeam about TomCo (LON:TOM) an oil & gas exploration and production company which operates in the Uinta Basin in Utah.

In June 2020 the company announced the formation of a joint venture (JV) called Greenfield Energy LLC to unlock the potential for oil sands development within the area using an innovative new production technology.

Stacey explains how this project took a further step forward in September 2020 with the release of a pre-FEED (front end engineering design) study detailing the economics of a production plant based on the new system. In this report, we examine the implications of the pre-FEED report.

Click here to read the latest research update: TomCo Energy - Oil sands opportunity is alluring

Quick facts: TomCo Energy PLC

Price: 0.45 GBX

AIM:TOM
Market: AIM
Market Cap: £6.53 m
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TomCo Energy updates on status of POSP operations and initial oil production...

TomCo Energy PLC (LON:TOM) CEO John Potter updated investors on operations and initial production at Greenfield Energy’s POSP project in Utah. Potter, along with Valkor LLC's CEO and CTO Steven Byle and Coby Crawford confirmed that the Petroteq oil sands plant (POSP) at Asphalt Ridge is...

on 27/1/21

2 min read