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.

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.

Is it worth taking a bet on a clay capsule?
Tomco Energy is a risky business but the rewards for investors could be immense.
The shares could soar if the new process of extracting oil works.
Tomco is involved in the oil shale industry.
Till now it has been very costly and causes pollution.
The rock needs to be heated to high temperatures to release the oil.
Now a us company called Red Leaf has developed a way to release the oil.
They take the shale and encase it underground in heated clay 'capsules'.
They measure 300yrds long and 170 yrds wide and 50yrds high.
They are heated to 385c or 725F. After 100 days the rock starts to release oil
and by the end of the 210 process, the capsule should of produced 680,000 barrels of oil.
Read Leaf has been testing in Utah and early test results look positive.
Total (French oil giant) agreed last month to invest $320 million to help the company
with the process.
Tomco being just 10 miles from Red Leaf has acquired rights to use its capsule technology.
Reports show it has the potential to to extract 123 million barrels of oil from the shale
from its land.
So if it works there could be huge value in this firm.
Not a stock for the cautious,one more for the adventurous.

Has it reached bottom once again and ready to bounce?

Someone paid 1.54p above offer 1.50p for 1.295 million shares

sure the only way is up from this point, plus director buying today >>>>>>

TomCo Energy Plc
Director dealing
The Company was notified on 08 August 2012 that on 08 August 2012 Mr Paul Rankine, CEO, purchased 1,295,301 Ordinary Shares in the Company at a price of 1.543 pence per Ordinary Share. This constitutes Mr Rankine's entire shareholding in the Company, representing approximately 0.08% of the Company's issued share capital.

Directors buy only worth 20k but was above the offer SP. wonder if there is any significance to that or just a larger than NMS purchase? not in myself but still on the watch list. hope it doesn't do a SAR before i make a decision to buy[or not]

There are a couple of hurdles for TOM to get over yet but if all goes well TOM will be a 'must have' buy!

in at 1.5p was afraid i might not see that price again [which is surely a kiss of death] typically when i buy the price continues in reverse so i apologise to any holders in advance. one for the bottom drawer and fingers crossed the technology works as intended.
Bon chance

Alex

Red Leaf must be close to completing its review of capital and operating costs. Decent rise so far sp 1.18p
2517

i am still holding but at a loss[ well i did say i was the KoD]. not unduly concerned though as these should come good[50/50] and i will keep them in the bottom drawer a little longer.
Alex

Don't buy any more Alex, we want the SP to carry on up! ;o)

Not much has happened in the last 12 months, still a couple of hurdles to go but they may be drawing closer. Red Leaf Resources are recruiting an EPS Civil Construction Manager and a Site HSE Representative for the Company's Seep Ridge site so on the face of it things are moving in the right direction.

The SP be more excitable towards the end of September then!


13 August 2013
TomCo Energy Plc
("TomCo" or "the Company")

Statement re: Share Price Movement

The Company notes the strong performance of its shares in recent days and, for the avoidance of any doubt, confirms that it has no imminent corporate announcements. However, TomCo is aware that the Utah Division of Water Quality is soliciting comments prior to 27 September 2013 on its request to issue a ground water discharge permit to Red Leaf Resources Inc. For further information, please visit http://www.waterquality.utah.gov/PublicNotices/docs/2013/redleaf/.

Enquiries:

For further information, please visit www.tomcoenergy.uk.com or contact:

This may start an upward twitch in TOM's sp:-

The Utah Division of Water Quality has issued a Construction Permit to oil shale development company Red Leaf Resources for its EcoShale™ production capsule. Red Leaf now has all required permits in place and is poised to launch a 300,000 barrel commercial demonstration project in Uintah County, Utah.

Red Leaf’s initial capsule will be the first commercialization of oil shale in North America. This is a significant step for the oil shale industry given that the Green River Formation -- which underlies Utah, Wyoming and Colorado -- is considered the richest deposit of oil shale resource in the world. The U.S. Geological Survey estimates that the formation holds more than 3 trillion barrels of oil, with more than 77 billion barrels of recoverable oil in the Uinta Basin alone.

Environmental groups, led by Living Rivers agree to drop appeal of large mining operation permit awarded to Red Leaf Resources by Utah’s Division of Oil, Gas & Mining. No obstacles left in Red Leaf's path so if TOM is not on your watch list put it on now, that is my advice!

RED ALERT RED ALERT - maximum shields!! 0.5p placing - abandon ship!!

TomCo Energy PLC

Issue of Equity


RNS Number : 6740S

TomCo Energy PLC

26 September 2014






TomCo Energy plc

("TomCo" or the "Company")



Successful placing of Ordinary Shares to raise £1.0 million



TomCo Energy plc (AIM: TOM), the oil shale exploration and development company focused on using innovative technology to unlock unconventional hydrocarbon resources, is pleased to announce that it has raised gross proceeds of £1.0 million (before expenses) through the conditional placing (the "Placing") of 200,000,000 new ordinary shares of 0.5p (the "Placing Shares") in the capital of the Company with new and existing investors at 0.5 pence per Placing Share (the "Placing Price").



Operational update

The Company recently submitted the final details required by the Utah Division of Oil, Gas and Mining concerning TomCo's Notice of Intention to Commence Large Mining Operations and the Ground Water Discharge Permit application is progressing with final submission expected during Q4 2014.

TomCo's technology suppliers, Red Leaf Resources Inc ("Red Leaf") are progressing well in their move into the full construction phase of their Early Production Capsule ("EPS") on their licence area 15 miles west of TomCo's Holliday Block. The Board understands that first oil will be produced from Red Leaf's EcoShale™ In-Capsule in 2015 and expects the Final Investment Decision by Total E&P USA Inc in relation to the joint venture with Red Leaf within 18 months. Additionally, under the licence agreement entered into between Red Leaf and TomCo in March 2010 the Company will be able to leverage off the Red Leaf's implementation experience from construction of their EPS capsule.



Use of proceeds

The Directors intend that the net proceeds of the Placing will be used to complete the permitting process at the Company's Holliday Block, Utah in the United States and for working capital purposes. The Company has a low cost base with an annual cash burn of US$1.2m. As a result of the Placing the Company will now have sufficient working capital for at least 12 months from the date of this announcement.



Issue of fees to advisers

The Board have also approved the issue of 3,000,000 ordinary shares of 0.5p at the Placing Price to advisers in lieu of fees (the "Fee Shares").



Admission

The Placing Shares and Fee Shares issued will rank pari passu in all respects with the existing ordinary shares. Application has been made to the London Stock Exchange for the Placing Shares and Fee Shares to be admitted to trading on AIM and admission is expected to take place on 2 October 2014. Following admission of the Placing Shares and Fee Shares, the enlarged issued share capital will amount to 2,072,455,744 ordinary shares of 0.5p each.

The Company does not hold any shares in treasury and the above figure may therefore be used by shareholders as the denominator for the calculation to determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.



Holdings on Completion of the Placing

The Directors' interests in the Company's issued share capital following completion of the Placing are set out below.





Prior to the Placing

Placing Shares

Following the Placing





Number

Percentage of Issued Share Capital


Sir Nicholas Bonsor

Non-Executive Chairman

-

1,550,011

1,550,011

0.07%


Paul Rankine

CEO

1,295,301

3,564,436

4,859,737

0.23%


Miikka Haramo

CFO

-

2,673,327

2,673,327

0.13%




Paul Rankine, CEO commented:

"I am pleased by the support shown by new and existing shareholders as we progress towards completion of the permitting process at the Holliday Block.

As a shareholder myself, I am aware that dilution of existing shareholders is a concern and issuing equity was not a decision the Board took lightly. However, the Board believes that ensuring the company is fully funded through the permitting process and beyond is vital. We look towards an a potentially transformational period for the Company, with first oil expected from Red Leaf Resource's Seep Ridge project planned in 2015. TomCo has a strengthened balance sheet as we look to move our asset forward towards development."





For further information please contact the following:




TomCo Energy plc

Tel: +44 20 7917 6822


Paul Rankine, CEO / Miikka Haromo, CFO







Shore Capital (Nomad & Broker)

Tel: +44 20 7408 4090


Nominated Adviser





Pascal Keane / Edward Mansfield







Corporate Broking





Jerry Keen





Tavistock Communications (Financial PR & IR)

Ed Portman / Jos Simson

This dead dog is talking, will it start walking?!