TomCo Energy PLC Result of AGM (2298D)
April 25 2013 - 6:17AM
UK Regulatory
TIDMTOM
RNS Number : 2298D
TomCo Energy PLC
25 April 2013
25 April 2013
TomCo Energy Plc
("TomCo" or "the Company")
Result of Annual General Meeting
TomCo Energy Plc (AIM: TOM), the oil shale exploration and
development company focused on using innovative technology to
unlock unconventional hydrocarbon resources, is pleased to announce
that all resolutions put to shareholders at the Company's Annual
General Meeting held today were duly passed.
Enquiries:
For further information, please visit www.tomcoenergy.uk.com or
contact:
TomCo Energy Plc
Paul Rankine, CEO/Miikka Haromo, CFO Tel: +44 20 7766
0070
Fox-Davies Capital Ltd (Nomad and Broker)
Susan Walker/Richard Hail Tel: +44 20 3463
5000
Tavistock Communications (Financial PR
&IR) Tel: +44 20 7920
Ed Portman/Conrad Harrington/Jos Simson 3150
Notes to Editors:
TomCo Energy Plc (AIM: TOM) is a London based, AIM-listed
company, with substantial Oil Shale assets in Utah, USA.
TomCo holds a 100% interest in two Oil Shale leases, comprising
5 blocks covering 2,919 acres in Uintah County, Utah. Independent
natural resources consultants SRK Consultants Ltd, part of the
internationally recognised SRK Group, has declared a surface
mineable JORC compliant Measured Resource of 126 million barrels on
the main tract of TomCo's Holliday Block lease.
The Company has entered into a licence agreement with Red Leaf
Resources Inc ("Red Leaf") for the use of their EcoShale(TM)
In-Capsule Process, a proven and environmentally sensitive
technology, to extract Oil from TomCo's leases.
Additionally, Red Leaf is planning a 9,800 bopd commercial
operation at their Seep Ridge site, which lies about 15 miles SW of
TomCo's Holliday Block lease.
Led by a highly experienced management team, TomCo's strategy is
to develop the Holliday Block lease as a similar follow-on project
to Seep Ridge using the EcoShale(TM) In-Capsule Process, with the
same targeted production of 9,800 bopd.
Glossary:
bopd: barrels of oil per day
JORC Code: The mineral resource classification code devised by
the Australasian Joint Ore Reserves Committee
This information is provided by RNS
The company news service from the London Stock Exchange
END
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