REG - TomCo Energy PLC - Services Agreement with Heavy Sweet Oil

TomCo EnergyAnnouncement

26/01/2022 07:05

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220126:nRSZ6264Za&default-theme=true

RNS Number : 6264Z  TomCo Energy PLC  26 January 2022

26 January 2022

TOMCO ENERGY PLC

("TomCo" or the "Company")

 

Services Agreement with Heavy Sweet Oil

 

TomCo Energy plc (AIM: TOM), the US operating oil development group focused on
using innovative technology to unlock unconventional hydrocarbon resources, is
pleased to announce that it has entered into an agreement with Heavy Sweet Oil
LLC ("Heavy Sweet Oil"), a US based oil and gas company, to assist it with
permitting and government relations in respect of their planned drilling
programme adjacent to the D Tract of the Tar Sands Holdings II LLC ("TSHII")
site in the Uinta Basin, Utah, United States.  Should Heavy Sweet Oil
progress to producing oil it is anticipated that some of the supporting
infrastructure for their operations will be located on the TSHII site.

 

The assistance being provided to Heavy Sweet Oil is being undertaken alongside
the Company's own work to progress its plans for the TSHII site.  Heavy Sweet
Oil have agreed to pay TomCo US$10,000 per month for its services, with the
agreement backdated to start from 1 January 2022.

 

Enquiries:

 

TomCo Energy plc

Malcolm Groat (Chairman) / John Potter (CEO)
        +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

 

IFC Advisory Limited (Financial PR)

Tim Metcalfe / Florence Chandler
                  +44 (0)20 3934 6630

 

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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGRBCGDBSSDDGDU