TomCo Energy Plc

Equities

TOM

IM00BZBXMN96

Oil & Gas Exploration and Production

Delayed London S.E. Other stock markets 02:59:59 2024-04-29 am EDT			5-day change	1st Jan Change
0.0385 ^GBX	0.00%		+1.32%	-59.47%

Mar. 28	EARNINGS: Caledonian swings to loss; Altona Rare Earth loss widens	AN
Mar. 28	TomCo Energy Plc Reports Earnings Results for the Full Year Ended September 30, 2023	CI

TomCo Energy buys remainder of Tar Sand; seeks funding for subsidiary

June 06, 2023 at 06:28 am EDT

(Alliance News) - TomCo Energy PLC on Tuesday said subsidiary Greenfield Energy LLC is buying the remaining 90% stake in Tar Sand Holdings II LLC.

TomCo, an oil development group operating in the US, said Greenfield, which already owns 10% in Utah-based tar mining services provider Tar Sand, will buy the 90% stake for USD17.3 million.

TomCo expects the acquisition to close by the end of the year. Meanwhile, it said it remains in discussions for a potential funding package for Greenfield, which could enable it to pursue wider development plans.

TomCo shares were down 13% to 0.12 pence each in London on Tuesday morning. The stock is down 73% over the past 12 months.

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
BRENT CRUDE OIL SPOT	87.63 USD	+0.14%	+0.83%	-
WTI	83.15 USD	+0.15%	+1.54%	-
TOMCO ENERGY PLC	0.0385 GBX	0.00%	+1.32%	1.85M

Latest news about TomCo Energy Plc

EARNINGS: Caledonian swings to loss; Altona Rare Earth loss widens	Mar. 28	AN
TomCo Energy Plc Reports Earnings Results for the Full Year Ended September 30, 2023	Mar. 28	CI
TomCo Energy raises GBP300,000 though placing and subscription	Feb. 21	AN
TomCo Energy Raises Funds for Planned Stake Acquisition of Tar Sands Holdings II	Feb. 21	MT
AIM WINNERS & LOSERS: Zinnwald Lithium soars on Saxony estimate	Feb. 21	AN
TomCo Energy Raises GBP50,000 from Additional Shares Sale to Existing Investor	Jan. 02	MT
TomCo Energy raises GBP50,000 through subscription of shares	Jan. 02	AN
FTSE 100 Finishes Down as Energy Stocks Show Resilience	23-10-13	DJ
TomCo Energy rises as raises funds through subscription at premium	23-10-13	AN
Tomco Energy Completes Fundraising to Support Acquisition of US-based Tar Sands	23-10-13	MT
AIM WINNERS & LOSERS: TomCo raises funds; Instem bid "final"	23-10-13	AN
AIM WINNERS & LOSERS: Image Scan up on expected swing to profit	23-10-10	AN
TomCo Energy cautions on future of company as loss widens	23-06-30	AN
Earnings Flash (TOM.L) TOMCO ENERGY Posts Fiscal H1 Revenue GBP86,000	23-06-30	MT
Earnings Flash (TOM.L) TOMCO ENERGY Reports Fiscal H1 Loss GBX-0.07	23-06-30	MT
TomCo Energy Plc Reports Earnings Results for the Six Months Ended March 31, 2023	23-06-30	CI
TomCo Energy Plc Reports Earnings Results for the Half Year Ended March 31, 2023	23-06-30	CI
Vodafone's UK Merger Seen as a Hard Sale for Regulators	23-06-14	DJ
TomCo Energy raises money to fund subsidiary's buy of Tar Sands	23-06-14	AN
TomCo Energy Raises GBP500,000 via Placing, Subscription	23-06-14	MT
TomCo Energy Plc cancelled the transaction announced on March 30, 2023	23-06-13	CI
FTSE 100 Closes Up 0.4%, Lifted by Miners; BATS Shines	23-06-06	DJ
UK Online Retail Sales Continues to Lose Market Share	23-06-06	DJ
TomCo Energy buys remainder of Tar Sand; seeks funding for subsidiary	23-06-06	AN
TomCo Energy Unit Secures Option to Buy Remaining 90% Stake in Tar Sands	23-06-06	MT

Chart TomCo Energy Plc

Duration

Period

More charts

Company Profile

TomCo Energy Plc is an oil exploration and development company. The Company is focused on using technology to unlock unconventional hydrocarbon resources, initially in Utah, United States. The principal activity of the Company is to develop, through its wholly owned subsidiary, Greenfield Energy LLC, the oil sands resources contained in the Tar Sands Holdings II LLC (TSHII) site via the exploitation of separation technology to achieve sustained future production. It is engaged in the construction of two oil sands separation plants capable of processing at least 6,000 tons per day of oil sands in Utah, United States. The Greenfield oil sand remediation plant is located to the Northwest of Vernal Utah. The Company also holds a 100% interest in nine oil shale leases, covering approximately 15,488 acres in Uintah County, Utah, the United States. It has approximately 10% ownership and membership rights and interests in TSHII, through Greenfield.

Sector

Oil & Gas Exploration and Production

Calendar

2024-06-27 - Q2 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

More financial data

Sector Unconventional Oil & Gas Production

	1st Jan change	Capi.
TOMCO ENERGY PLC	-59.47%	1.85M
MEG ENERGY CORP.	+36.12%	6.42B
KINETIKO ENERGY LIMITED	+6.33%	68.58M

Unconventional Oil & Gas Production