Proactive analyst Ed Stacey talks to Stephen Gunnion about TomCo Energy, an oil & gas exploration and production company which operates in the Uinta Basin in Utah.
The Uinta Basin and adjacent formations hold some of North America’s largest deposits of oil sands with the potential to yield some 10 billion barrels of oil.
In September, TomCo announced that it was in talks with a third party with regard to financing for a drilling project which will use steam injection to separate oil from tar sands in-situ, bringing liquid oil to the surface.