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Description of Business
TomCo holds five parcels of land which relate to two separate Mineral Leases, ML49570 and ML49571 respectively. All of these are in the Uinta Basin of Utah and together they cover a total land holding of 2,918.84 acres. They are also underlain by the Green River Shale Formation, which is the largest known oil shale deposit in the world.
One of the TomoCo parcels of land covered by ML49571 is in part of an area termed the Holliday Block A and has obtained a JORC Measured Resource of 126 million barrels of recoverable oil.
Incorporated in 2017, TurboShale Inc. is the Group’s technology development company in which the Company has an 80% interest. TurboShale holds two key patents regarding the use of radio frequency (“RF”) in the extraction of oil & gas from oil shale. The Company believes that this relatively low-cost and environmentally benign disruptive technology has the potential to unlock TomCo’s oil shale assets.
Directors’ names and biographical details
Country of incorporation and operation
TomCo Energy plc is incorporated in the Isle of Man with Company Number 6969V, at 60 Circular Road, Douglas, IM1 1SA. The Company’s main country of operation is the USA.
Annual and interim reports
AIM Securities in issue
Nominated Adviser and Other Advisers
Strand Hanson (Nominated Adviser)
James Harris / Richard Tulloch
Turner Pope (Broker)