TomCo Energy PLC TurboShale Update on Field Test (2325A)
September 10 2018 - 2:00AM
UK Regulatory
TIDMTOM
RNS Number : 2325A
TomCo Energy PLC
10 September 2018
10 September 2018
TOMCO ENERGY PLC
(AIM: TOM) ("TOMCO" OR THE "COMPANY")
TurboShale Update on Field Test
TomCo Energy plc, the oil shale exploration and development
company focused on using innovative technology to unlock
unconventional hydrocarbon resources, is pleased to provide an
update in respect of TurboShale Inc. ("TurboShale"), in which the
Company has an 80% interest, forthcoming field test programme on
the Company's Holliday Block in Utah (the "Field Test").
The Company is pleased to announce that Himes Drilling Company
Inc., the appointed drilling contractor, has completed preparation
works for the Field Test. These works included, inter alia, road
surface works, site accommodation preparation and site clearance.
The drilling of the bore holes and installation of the well heads
for the Field Test, is expected to commence today.
The project team is expected to be on site from the week
beginning 17 September 2018 with the RF generators expected to be
delivered the same week, following which they will be commissioned
ahead of commencing the Field Test in early October. The 'live'
testing part of the Field Test is expected to last approximately
four weeks.
We look forward to keeping shareholders updated on the progress
and results of the Field Test.
John Potter, CEO commented: "The team has put in a lot of work
to get all the elements of the Field Test in place and on time, and
I am looking forward to being on site with the team shortly. The
interest the Field Test has generated bodes well for the next
stages in taking the technology to a commercial level."
Enquiries:
TomCo Energy plc
Andrew Jones (Chairman) / John Potter (CEO) +44 (0)20 3823 3635
Strand Hanson Limited (Nominated Adviser)
James Harris / Richard Tulloch / James Dance +44 (0)20 7409 3494
SVS Securities plc (Broker)
Tom Curran / Ben Tadd +44 (0)20 3700 0093
Lionsgate Communications (Financial PR)
Jonathan Charles +44 (0)20 3697 1209
For further information, please visit www.tomcoenergy.uk.com
This announcement contains inside information for the purposes
of
Article 7 of the Market Abuse Regulation (EU) No 596/2014.
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END
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