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TomCo Energy PLC - oil development group operating in the US - In the six months to March 31, pretax loss widens to £1.4 million from £678,000 a year prior. Posts no revenue in either period. Looking ahead, firm cautions: ‘The cash reserves currently held by the group are insufficient to fund ongoing overhead costs for the next 12 months. However, based on a history of successfully raising additional funds when needed, the directors have a reasonable expectation that the group will be able to raise the required additional funds as necessary.’ Current stock price: 0.081 pence, down 1.7% on Friday 12-month change: down 79% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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