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.

cheers billy. not invested but looking.

the CEO is speaking live 11am this am. believe can access interview through sharecrazy.com.

i will be listening.

Petrobras are doing something with oil shale leases in Utah. I wonder if TOMCO have sold them.

I think if tomco had sold them we would have known by now through an RNS oilyrag. But with major players like Petrobras and Mitsui investing heavily in utah where our leases are this has to be very positive news for tomco.

anyone watch the interview with the CEO on sharecrazy.com

?.

Yes.

You can listen to it here on the trading places section.

www.sharecrazy.com

Scroll down on the homepage and go to trading places and click on 10/06/08. it is +/-16 mins in on the show

encouraging rns today.
first production from Israel with two wells coming onstream. they are working over another three with a view to gradually increasing production over the next months.

the field has 88 existing wells (59 past producing) to survey and workover if required.

then further drilling and exploration on the block.

also positive signals coming from their Shale interests in the USA.

lots of buying today.

is it possible to add the plus markets monitor to the standard stockwatch

interesting article on Oilbarrel.

http://www.oilbarrel.com/home.html

any chance can change thread title to just TOMCO Energy?.

john- TOM.GB is the PLUS Mkt symbol.

interesting that mostly buys on this today, as most only have AIM pricing.

Lizard, tried typing symbol into stockwatch it did not work, works fine over on advfn now.

http://www.oilvoice.com/n/TomCo_Energy_Announces_Recommencement_of_Oil_Production_at_Heletz_Israel/b7e10403.aspx

I like these and already spent the profits!

http://biz.yahoo.com/iw/080620/0409044.html

anyone notice Tomco's partner Avenue Energy up 119% on this news of starting production.

lizard have both tom.gb and avnu on my advfn monitor, cant get tom.gb or avnu to work on my stockwatch.

you need to ask your provider for PLUS Mkts pricing to add to your monitor.
Only available on my monitor friday.

Avenue are OTC traded just checked on their reaction to this news and sp was +118.75%.

lizard, Avenue did great on the news from Israel TOM has a lot of catching up to do.

agree.

Good news regarding TRACS report and Heletz operations via our partners Avenue Group Inc

NEW YORK, Nov 24, 2008 (GlobeNewswire via COMTEX) -- Avenue Group, Inc. (AVNU:avenue group inc com
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10:09am 11/24/2008

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Sponsored by:
AVNU 0.02, 0.00, -14.9%) ("Avenue") is pleased to announce the following update pertaining to the Heletz Field in southern Israel ("Heletz").
TRACS Report
Avenue is pleased to announce the outcome of the TRACS SPE compliant, independent Reserves and Resource evaluation and audit of the Heletz Field, Israel. The report covers the Cretaceous reservoirs, which form the main historical production horizon. Exploration potential in the Lower Jurassic limestone were outside the scope of the TRACS mandate and were therefore not included in the TRACS evaluation.
Based on a re-evaluation of historical production data from the field, including over 17 Million barrels of oil (bbl) produced from over 90 wells drilled since the field was discovered in 1955, TRACS calculated a mid-case (P50) original oil-in-place for the field of 94.4 Million bbl, with a range from 52.7 (P90) to 164.4 Million bbl (P10). This is a significant increase over the previously quoted figure of 50 Million bbl and reflects the TRACS view "that there is considerable remaining potential in the Heletz field."
TRACS have calculated the currently established gross field remaining recoverable reserves on a 1P (Proven reserves) and 1C basis (Contingent Resource) at 1.465 Million bbl, with 462,000 bbl being booked as P1 reserves and 1.003 Million bbl booked as C1.
The 2P reserves (Proven plus Probable) and 2C resource were calculated at 4.494 Million BO, with 974,000 bbl being booked as P1 reserves and 3.52 Million bbl booked as 2C resource.
The 3P reserves (Proved plus Probable plus Possible) and 3C resource were calculated at 10.438 Million bbl BO, with 1.87 Million bbl being booked as 3P reserves and 8.568 Million bbl booked as 3C resource.


Total Heletz Field
------------------
(in '000 of barrels)
--------------------

(1P) (2P) (3P)
Reserves (P) 0.462 0.974 1.87
Contingent Resource (C) 1.003 3.52 8.568
Total Resources (P+C) 1.465 4.494 10.438

Net Avenue Share
----------------
(in `000 of barrels)
--------------------

(1P) (2P) (3P)
Reserves (P) 0.163 0.336 .63
Contingent Resource (C) .337 1.241 3.053
Total Resources (P+C) .500 1.577 3.683


Part of the "considerable remaining potential" is the recognition of substantial additional volumes of oil in the carbonate reservoirs (e.g., the "Kokhav Dolomite") within the main Cretaceous reservoir section, through a partial waterflood of the field and through further infill drilling. Avenue believes that improved oil recovery rates may be recognized through the application of modern drilling, completion and reservoir management techniques.
Avenue continues to recognize significant exploration potential in the Lower Jurassic limestone formation below the Cretaceous reservoirs, but these targets were not included in the TRACS evaluation. Avenue is in discussion with several internationally recognized firms to commission a study on the potential for additional reserves in the Lower Jurassic limestone.
K27 Workover successfully completed
The K27 well originally went into production in November of 1986. It produced intermittently until September 3, 2008, when the well was shut-in due to low volumes. During that time, it produced approximately 15,200 barrels of oil, while production was limited both by paraffin buildup and by other mechanical issues.
Workover operations commenced on September 15 and were completed on October 6, 2008. The well was cleaned out, and known producing formations were re-perforated. It has taken several weeks to pump the drilling fluid and clean itself out and to stabilize production from the well. Avenue expects the production rate for K27 to continue to produce at a rate of 10-15 barrels of oil per day and estimated recoverable reserves of 28,600 barrels of oil.
"The TRACS report further confirms our belief in the current resource of the Heletz field and the significant potential to increase production and add reserves from a variety of plays. As the field is re-developed over the coming months, we can expect a good portion of the Resources to be upgraded to Reserves status," said Levi Mochkin, CEO of Avenue. "Furthermore, turning the non-performing K27 well into a producer via a low cost workover is illustrative of our ability to tap the significant potential of the Heletz field by reviving non-producing wells and turning them into revenue producing assets. This is good news for our company and for the State of Israel."
ABOUT AVENUE GROUP, INC.
Avenue Group, Inc. (AVNU:avenue group inc com
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Sponsored by:
AVNU 0.02, 0.00, -14.9%) owns a 50% interest in the Heletz-Kokhav License and a 25% interest in the Iris License, which together encompass the Heletz oilfield. The Heletz Field, Israel's only producing oil field, was discovered in 1955 and has produced over 17 million barrels of oil to date.
Certain statements in this announcement including statements such as "believes," "anticipates," "expects" and all similar statements regarding future expectations, objectives, intentions and plans for oil and gas exploration, development and production may be regarded as "forward-looking statements" within the meaning of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made. Management's current view and plans, however, are subject to numerous known and unknown risks, uncertainties and other factors that may cause the actual results, performance, timing or achievements of Avenue Group to be materially different from any results, performance, timing or achievements expressed or implied by such forward-looking statements. The various uncertainties, variables, and other risks include those discussed in detail in the Company's SEC filings, including the Annual Report on Form 10-KSB, for the year ended December 31, 2007 and its Quarterly Report on Form 10-Q for the period ended September 30, 2008. Avenue Group Inc. undertakes no duty to update or revise any forward-looking statements. Actual results may vary materially.
For further information, please visit our website at www.avenuegroupinc.com
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Avenue Group Inc.
Avenue Group, Inc.
Levi Mochkin
(888) 612-4188 ext. 4
IR@avenuegroupinc.com

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