REG - TomCo Energy PLC - Application for Drilling Permit

TomCo EnergyAnnouncement

29/11/2024 13:15

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RNS Number : 2314O  TomCo Energy PLC  29 November 2024

29 November 2024

TOMCO ENERGY PLC

("TomCo" or the "Company")

Application for Drilling Permits

TomCo (AIM: TOM), the US operating oil development group focused on using
innovative technology to unlock unconventional hydrocarbon resources,
announces that its wholly owned subsidiary, AC Oil LLC ("AC Oil"), is party to
an application made yesterday to the Utah Division of Oil, Gas and Mining for
permitting to drill six holes on its lease area near Vernal, Utah.

Subject, inter alia, to the relevant drill permits being granted, and
sufficient financing being available, TomCo is currently intending and
preparing to participate alongside its partners in potential drilling on the
AC Oil lease acreage during 2025.

The Company will provide a further update as this initiative develops in due
course.

 

Enquiries:

 TomCo Energy plc
 Malcolm Groat (Interim Executive Chairman)      +44 (0)20 3823 3635

 Strand Hanson Limited (Nominated Adviser)
 James Harris / Matthew Chandler                 +44 (0)20 7409 3494

 Novum Securities Limited (Broker)
 Jon Belliss / Colin Rowbury                     +44 (0)20 7399 9402

 

For further information, please visit www.tomcoenergy.com
(http://www.tomcoenergy.com/) .

 

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