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. In this report, we examine the progress of this project.
In Ed's full report, he examines the economics of the project, based on the pre-FEED study released by TomCo in September 2020.