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.

Flusche is in a major oil bearing structure called the Red River Arch. During drilling the well intersected 6 areas of intrest. 2 of these zones have been perforated and both produced oil. The well has been made ready and is awaiting electrical hook up. Results of production rates should be known within 2 weeks..............This is cheap at 3p for a potential oil producer.............What does anyone else think?

Tomco energy also has what they call a long term asset, to be developed over the next 6 years in Utah, that holds some 230 million barrels of oil.

The management of Tomco were formerly the management team of Cadence Resources. They are guilty of turning a company with a market capital of $0.5 million to a market capital of $450 million over a period of 5 years. Thats an increase of 900 times its value. It is their intention to try and do the same again. Already the speculation on some bulletin boards is of 50p per share.

Hi oily-I've bought in here and looking forward to some news. It seems a quality management who have made their fortune once with cadence and now have all the right contacts and knowledge to do it again Announcements are expected soon and I'm hoping for good returns--I sold a few chp to join in here-good luck.

Hi moneyplus, I'm hoping for a good solid return also. I am contemplating releasing some TMC all of my EME and PRTY to go in pretty big, but am having difficulty accepting a loss on these even though I am confident that the gains on TOM should vastly outweigh the losses on them.

Oilyrag.
Nothing wrong with taking a loss if you feel you can do better elsewhere. That is what i did in order to buy 400k of TOM at 3.1p. OK no profit yet but this share will be several 100% higher by the year end
SM

Hi Steph, I know your right, but if the current rumours of Sugarloaf are correct, EME could explode from 45p to circa 170p almost instantly. That I couldn't afford to miss, that is why I'm a bit hesitant.

Oilyrag. EME are a good trading stock,but many got stuck the other day with the placing at 35p.
Are regards TOM,on the basis of the promotors track record alone they are worth a speculation

Hi Steph, PRTY 2.25p higher EME 2.5p higher and TMC 15p higher than the prices that I was considering trading in at to buy more TOM. TOM however is slightly down over the same period. I know that time is short on results for Flusche, but I am prepared to wait a little longer whilst there's no movement on TOM's SP. The deal seems to get better every day.

Two very large purchases today totalling 10.5 million shares approx. I think the news due this week may be positive.

New purchase of a 20% intrest in a 5 well series, in Overton and Fentress Counties, in Tennessee at a cost of $160,000 for drill and completion costs. The operator in this instance is TN OIL Company.........Results for Flusche are imminent.

FY results are due at end of March 2007, so, if updates are not made sooner, these results will dispell any doubts about the business plan and M&A strategy with some positive progress on the initial purchases. Do olefactory centres detect hydrocarbons?

Have been having a look at this & keen to have a dabble, but with Selftrade this stock is only telephone tradeable, which means it is also going to be difficult to sell. Is anyone else having difficulty?

Can buy up to 100,000 online using IWeb.

Harrycat, I don't know yet if all of the placement shares have been sold yet, as a mate of mine was offered some the other day at 2.5p. Perhaps this is affecting sales at the moment, if so the situation should soon resolve itself.

The losses posted in the last RNS are not due to current management team. They have nothing to do with TOMCO, they are fiancial charges to the cash shell of NETCENTRIC. The total loss, if you put it into perspective, is a lot less than the cost of the recent flotations. Todays SP drop is ridiculous based on the shares traded, and I am looking at this as a further buying opportunity. Good luck to all holders.

Been heading south for a while now, gets better value every day. Still no major RNS released with regard to Flusche. Becoming a bit overdue, hence price drop I suppose.

Interesting, but at just after 9am 1200 shares sold. 24's worth. Hardly a deal to write home about. I wonder if its a code for news at 12.00 hrs. worth watching for.

I'm watching!

RNS Number:8023S
TomCo Energy PLC
13 March 2007


Teather & Greenwood Exercise Warrants in TomCo Energy Plc.

TomCo Energy Plc. (the "Company") has received an application from Teather &
Greenwood Ltd. to exercise warrants to subscribe for 2,868,372 new ordinary
shares of 0.5p each in the Company (the "New Shares"). The New Shares have been
issued and allotted and rank pari passu with the existing ordinary shares.
Trading of the New Shares on AIM is expected to commence on Wednesday 14 March
2007.

The total number of Ordinary Shares in issue following this exercise of warrants
will be 443,450,974. The New Shares represent a total of 0.65% of the total
issued share capital of the Company.

Following the exercise the warrants, Teather & Greenwood Ltd. no longer holds
any warrants in the Company.




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

END