TomCo Energy Plc
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.- CEO
- Maurice James Malcolm Groat
- Full Time Employees
- 1
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- Sixty Circular Road Douglas Isle of Man IM1 1AE
- IPO Date
- Feb 19, 2013
- Website
- tomcoenergy.com
- Similar Companies
- Business
- TomCo Energy Plc (LSE: TOM; OTC: TMCGF) is an Isle of Man-based oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, primarily oil sands and in-situ oil extraction in the United States. Founded in 1987 and headquartered at 2nd Floor, Sixty Circular Road, Douglas, Isle of Man, the company operates through wholly owned subsidiaries The Oil Mining Company Inc., which holds oil shale leases in Utah's Uintah Basin, and Greenfield Energy LLC, which owns 100% of AC Oil LLC and pursues oil sands mining at Vernal, Utah, and in-situ oil extraction rights on approximately 320 acres leased from Tar Sands Holdings II LLC under a 10-year agreement commencing November 2021. Core products and services encompass exploration, drilling, mining, and extraction of oil, gas, hydrocarbons, and associated substances; oil sands remediation and separation processes at the Greenfield plant northwest of Vernal; prospective oil shale development in the Green River Formation; and related infrastructure construction and operations, targeting energy producers and investors in the unconventional oil sector across Utah. Recent developments include ongoing negotiations for a new partnership with technical collaborator Valkor LLC to commence joint drilling operations on the AC Oil lease area in autumn 2025, with each well estimated at US$0.8-1.0 million and TomCo planning participation in up to four wells funded by investor consortia; redemption in 2024 of its 10% membership interest in Tar Sands Holdings II LLC from Endeavor Capital Group LLC, enabling pursuit of an additional lease for expanded tar sands feedstock; progression of Valkor's adjacent drilling permits and oil sands plans; an application for drilling permit announced November 29, 2024; interim results released June 25, 2025, and final results for the year ended September 30, 2024, released March 11, 2025; and active evaluation of further project opportunities amid challenging macroeconomic funding conditions.
TomCo Energy agrees new Valkor deal and raises some working capital, shares drop
TomCo Energy agrees new Valkor deal and raises some working capital, shares drop
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TomCo Energy' Greenfield Energy proposes redemption of 10% Tar Sands interest
Tomco Energy raises working capital as talks continue over Utah site
TomCo Energy shares soar on cash boost as Greenfield funding efforts continue
Tomco sees Utah reserves upgraded as funding talks continue
TomCo optimistic of securing funding for Greenfield development
TomCo Energy brings in £500,000 of new investment
TomCo Energy retains TSHII option on new terms
TomCo's shares restored on AIM