|
TomCo Energy PLC - London-based oil explorer in the US state of Utah - In the six months ended March 31, reports a narrowed pretax loss of £678,000. The figure stood at £777,000 the previous year. Revenue remains insubstantial at £23,000, up from none a year prior. Looking forward, TomCo's says focus is on its wholly-owned subsidiary Greenfield Energy LLC and its near-term potential production plans at the Tar Sands Holdings II LLC site in Utah. Adds that Greenfield is engaged in discussion regarding possible funding options to achieve a 100% acquisition of the Tar Sands site, as well as the proposed drilling of a number of oil wells. Company currently holds a 10% interest in Tar Sands.
Current stock price: 0.39 pence, down 2.4% in London on Tuesday
12-month change: down 34%
Copyright 2022 Alliance News Limited. All Rights Reserved.
|
