On 16 Jan 2007, NCS Netcentric systems plc reversed into The Oil Company, TOM. to become the new Tomco Energy Co.................Tomco recently made a placing of 51,238,000 shares at 2.5p each to raise 1,280,950 in cash.............. Tomco also holds a 40% intrest in a well in Wichita, Texas at a cost of $56,000 for drilling and $50,000 for completion. The well is called Flusche. This well is in a very productive area and results on potential flow rates should be known within a couple of weeks................ The company also has plans for 2 or 3 other targets to be drilled in the very near future..............I bought in yesterday at 3.1p and it is still on the rise as speculation mounts.............A good chance to get in, right at the begining.

sorry it's the AGM on wed not egm.

Company TomCo Energy PLC
TIDM TOM
Headline AGM Statement
Released 15:10 21-Mar-07
Number 4373T



RNS Number:4373T
TomCo Energy PLC
21 March 2007


TomCo Energy Plc
('TomCo' or 'the Company')

Annual General Meeting Statement

Following the Annual General Meeting ("AGM") held today, the Board of TomCo is
pleased to announce that all the resolutions set out in the notice of meeting
were duly proposed to shareholders and passed without exception.

Stephen Komlosy, Chairman of TomCo Energy Plc, said at the AGM:

"On 16 January 2007 Netcentric Systems Plc completed the reverse acquisition of
the Oil Mining Company Inc., changing its name to TomCo Energy Plc and
simultaneously readmitting its shares on AIM. Following the transaction, TomCo
owns leases on approximately 3,000 acres of oil shale in Utah, USA which SRK (an
independent firm of mining consultants) estimates to potentially contain some
230 million barrels of oil.

US oil shale is not yet being commercially exploited but your Board is confident
that increased commercial and strategic pressures and demand for oil will lead
this situation to change in the coming years creating an oil shale industry,
similar to that of Canada's oil sands.

The Company's current strategy is to hold the oil shale assets in reserve, and
to create alongside it an investment portfolio of proven and producing oil wells
in the USA. Following the acquisition, TomCo has already acquired a 40 per
cent. interest in a working oil well in Witchita County, Texas and a 20 per
cent. interest in five proven undeveloped wells in Tennessee. Your Board is
confident in its ability to source further deals in order to swiftly broaden its
portfolio.

At the time of the acquisition and accompanying fund raising, John Ryan was
appointed to the Board of the Company. This followed the appointment of Howard
Crosby, as Chief Executive Officer, in March 2006. John and Howard have
previously worked together in several successful resource business ventures,
including Cadence Resources Inc., an oil and gas company whose market
capitalisation grew from less than $1 million to $450 million under their
direction"




This information is provided by RNS
The company news service from the London Stock Exchange

END

Upwards and onwards from here? Fantastic management: I have held a residual 20k since trading in Netcentric days, I will add on when I can.

Should have, last week at 2.2p. May not be another chance like that.

Yep, I know, went for SEO instead!!! Turned out ok in the end but I would have done better in Tomco; I think there is still a lot of upside yet though.

I think the price is being forced down by mm's. This maybe for a large buyer in the background.

Flusche results so far, 28 barrels per day but are looking at increasing this ammount. Cost of farming in was $106,000. At $60 per barrel and assuming 50% production costs, this investment will gross $306,600 per year. 40% is Tomcos share that is $122,640 a profit of $16,640 in year one and $122,640 profit every year after that. Good start, lets hope for some more updates soon.

I also have a small holding from Netcentric days, and will be doing some research now with a view to buying some shares which will give me a worthwhile holding.

waiting for the buying price to go down a bit more to top up. I think there is a board game here, a bit like monopoly.

Can anyone tell me why the post on TOM is so quiet when the shareprice seems tobe going up every day @ moment?

very exciting prospects with this one-I think most holders have just tucked them away. I tried to add today but cannot buy any decent quantity online must be good news coming-won't get them at this price much longer!

Shhhh, Marcel when were quiet, the price keeps moving.

Up 8%, keep it quiet, Shhhh.

###+++!

New investment 15% of Kansas well. If production does reach 20 barrels per day then TOM's investment of $30,000 will more than double to $72,000 in value each year. This is low risk and why there should be large rewards long term.IMO.

Moving up today perhaps Marathon's huge purchase of oil sands in Canada make TOM's investment in oil shale acreage in US more valuable as oil price continues to rise?

One of the few risers today see todays RNS re ADR listing in US.

US investors onboard from the 10th---then the news will follow after a dull period.
I'm waiting for lift off --whoosh!!

Up another 5% today.

the US investors have to get the stock from our Aim shares--can see that having a big impact but trying to curb my excitement!