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.

I have held these for a while now and watched the sp fall from 4p to 0.5p---this is excellent news and hopefully the start of a steady rise towards at least 5p!

We're back.

SP has doubled this last week, and is rumoured to be going much higher.

Red leaf has a suiter to back them. Opinion is that it may be TOTAL.

Our leases are adjacent to Red leaf's and some think a take over is possible.

Personnally I think Chris Brown will see us through to production.

The only way from here is up. IMHO DYOR.

Yep, looking good! topped up earlier this week @ 1.2p so v happy with current situation.

i am out now - however only concern is the technology available for this type of find? to make it commercial

Good luck gibby...understand your view.....I'll stay in for a good while and see how it goes (50% up on my original outlay)

Good luck gibby...understand your view.....I'll stay in for a good while and see how it goes (50% up on my original outlay)

A bit more upward movement again.


I'm not sure if the following snippets from the TOM website have any bearing on the present rise or if I have even interpreted the final sentence right.

"TomCo has entered into a License with Red Leaf resources Inc, which owns the patent pending EcoShaleTM extraction process, to use this unique technology to extract oil from TomCos Leases.

Red Leaf Resources Inc, has developed the EcoShaleTM In-Capsule Technology to produce high quality liquid transportation fuels from oil shale, oil sands, coal, lignite and bio-mass using an environmentally sensitive process.

The EcoShaleTM In-Capsule Technology involves heating mined shale in a closed surface impoundment, or capsule. The process relies on conventional mining and construction methods and produces a shale oil with a much higher concentration of middle distillate than West Texas intermediate crude.

Two distinct synthetic shale oil products are produced in the process: a liquid oil of approximately 290 API gravity, and a condensate oil of around 390 API gravity. The resultant blended product is a high quality feedstock with an average 340 API and no fines. The process also results in synthetic natural gas production, allowing for a degree of energy self-sufficiency at the plant.

The technology requires little or no process water; it protects groundwater resources and vegetation, uses relatively low temperatures for heating and allows for rapid site reclamation.

Red Leaf Resources are planning a 9,500 barrels per day (bopd) commercial plant at their Seep Ridge site, which lies about 15 miles SW of TomCos Holliday Block lease. TomCos strategy is to develop the Holliday Block lease as a follow-on project to Seep Ridge."

"Presently Shell Oil and other major companies are developing economically feasible ways of producing oil from oil shale. Shell Oils In-situ Conversion Process (ICP), obtains 3.5 units of energy for every 1 unit of energy expended.
Shell has stated that within six to ten (6-10) years there will be techniques available to extract oil from oil shale economically at an oil price of $30 per barrel. The EcoShaleTM technology achieves this target"


Does the last sentence, "The EcoShaleTM technology achieves this target", really imply that the technology is 6 - 10 years ahead of Shell's?

Wow! doing nicely and lot more to come (imho)....bring it on!

If the Red Leaf technology really does work then your name says it all skyhigh!

I'm surprised that gibby hasn't been on here with a yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa! ;o)

This is going like a good un, not like poor old MTA today.

doesn't this yarn remind one of Braemore Resources.....beware!!

Very speculative but there is certainly potential, shale oil is getting popular in the States.

The expected "The Company notes the strong performance of its shares in recent days and, for the avoidance of doubt, confirms that it has no imminent corporate announcements." RNS has not dampened the enthusiasm too much at the moment!

I'm keeping TOM on my watch list. Have held a small holding for years, maybe it will be wise to keep holding?!

KEEP an EYE

2.325p ( 2.30 / 2.35p )

Strong buying this afternoon after 2.30pm and finishing with an "AT" and "UT" of 2.40p
The Candlestick of the day is a bullish one, white "Hammer" the norm is change of trend

TOM

TomCo Energy plc ("Tomco" or the "Company") (AIM: TOM), the AIM quoted company with oil shale assets in the state of Utah, USA, announces that it intends to make a strategic investment of US$5m (the "Investment") into Redleaf Resources Inc. ("Redleaf") as part of that company's US$100m fund raising. Redleaf is raising equity in order to fund its joint venture agreement with a major international oil company and this financing is an important step in the implementation of that joint venture.

Will continue to hold...see what happens

finance director placing a call option for 15M shares @ 3p...........

Director dealing

The Company was notified on 30 April 2012 that on 29 April 2012 Miikka Haromo, Finance Director, purchased for £1 a call option to acquire 15 million Ordinary Shares in the Company at a price of 3 pence per Ordinary Share from Kenglo One Limited. The option period commences on 21 July 2012 and ends on 31 December 2014.