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TomCo Energy updates on status of POSP operations and initial oil production at Utah-based project

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 operating and producing oil at the anticipated volumes and quality, with no issues to date.

Quick facts: TomCo Energy PLC

Price: 0.45 GBX

AIM:TOM
Market: AIM
Market Cap: £6.53 m
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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...

on 12/10/20

2 min read