TomCo Energy PLC Greenfield Update (6455W)
April 27 2021 - 2:00AM
UK Regulatory
TIDMTOM
RNS Number : 6455W
TomCo Energy PLC
27 April 2021
27 April 2021
TOMCO ENERGY PLC
("TomCo" or the "Company")
Greenfield Update
TomCo Energy plc (AIM: TOM), the US operating oil development
group focused on using innovative technology to unlock
unconventional hydrocarbon resources, is pleased to provide a
further update in respect of the work being undertaken by
Greenfield Energy LLC ("Greenfield"), the Company's 50/50 joint
venture with Valkor LLC ("Valkor"), with respect to Petroteq Energy
Inc's ("Petroteq") existing oil sands plant at Asphalt Ridge, Utah
(the "POSP").
As announced on 1 April 2021, Greenfield identified certain
additional enhancements that were required to be made to the POSP
to allow for a more efficient and optimised operation. Greenfield
is pleased to report that this additional equipment has now been
successfully installed and tested, and the POSP is again
operational.
Further updates will be issued as operations progress.
Enquiries:
TomCo Energy plc
Malcolm Groat (Chairman) / John Potter (CEO) +44 (0)20 3823 3635
Strand Hanson Limited (Nominated Adviser)
James Harris / Matthew Chandler +44 (0)20 7409 3494
Novum Securities Limited (Broker)
Charlie Brook-Partridge/Jon Belliss + 44 (0)20 7399 9402
IFC Advisory Limited (Financial PR)
Tim Metcalfe / Graham Herring +44 (0)20 3934 6630
For further information, please visit www.tomcoenergy.com .
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018.
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