TomCo Energy shares resume trading as board seeks funding
19th Nov 2018 10:45
(Sharecast News) - Oil shale exploration, development and technology group TomCo Energy announced the appointment of Turner Pope Investments as its broker with immediate effect on Monday.
Read moreTomCo raises extra funds through subscription, Red Leaf disposal
30th Oct 2018 13:53
(Sharecast News) - Oil shale exploration, development and technology group TomCo Energy has raised £0.1m through the subscription of 1,176,471 new ordinary shares of no par value with an existing shareholder, at a price of 8.5p share, it announced on Tuesday.
Read moreTomCo moving towards 2tph palm oil processing plant
7th Oct 2016 11:54
(ShareCast News) - TomCo provided an update on the proposed palm oil milling operation in the Makeni oil palm belt in Sierra Leone on Friday. The AIM-traded firm said that, following completion of the equity fundraise announced on 2 September, discussions have been ongoing with potential debt provid
Read moreTomCo borrows £0.15m from its own CEO
20th May 2016 14:01
(ShareCast News) - Oil mining company TomCo Energy announced on Friday that it has entered into an agreement with its own CEO, Chris Brown, to provide £0.15m by way of a loan convertible into ordinary shares. The AIM-traded firm said that, in addition, it has agreed to issue warrants to Brown. It s
Read moreTomCo Energy appoints Christopher Brown as CEO
6th Apr 2016 15:31
(ShareCast News) - Oil exploration firm TomCo Energy has appointed Christopher Brown as chief executive officer. The AIM-listed company confirmed the move on Tuesday noting that the incoming CEO has chosen to receive a "modest salary and no bonuses" in order to support operations. Brown is the foun
Read moreTomco Energy slims down; announces CEO resignation
29th May 2015 10:24
Oil exploration and production company Tomco Energy said on Friday that it has embarked on a corporate restructuring plan to materially reduce its corporate costs, as it continues to explore various merger and acquisition options to deliver shareholder value. As part of the plan, it has decided to s
Read moreTomCo Energy responds to share price rise
13th Aug 2013 12:34
US shale oil explorer TomCo Energy has moved to quash any talk that it may be preparing to unveil major news following a sharp rise in its share price. TomCo, which has two oil shale leases in Utah, said in a statement that it had noted the strong performance in recent days of its share price, whic
Read moreTomCo Energy shares down as it waits on RedLeaf data
27th Mar 2013 09:32
TomCo Energy's shares retreated Wednesday as the company said it was still waiting on Red Leaf Resources to provide the data required for a resource upgrade at the Holliday block in Utah. The oil shale exploration and development group needs Red Leaf to provide updated capital and operating costs f
Read moreFriday broker round-up UPDATE
8th Mar 2013 07:42
Advanced Computer Software Group: Canaccord Genuity raises target price from 80p to 108p and reiterates a buy recommendation. Aggreko: Jefferies raises target price from 2000p to 2200p keeping its buy recommendation. Cantor Fitzgerald takes target price from 2020p to 2200p and stays with its buy re
Read moreResources round-up: TomCo, Sunrise Resources, Weatherly,
23rd Oct 2012 16:28
TomCo Energy, the oil shale exploration and development company, rose 3.8% after it said it had commenced measures to secure the necessary approvals and permits required for commercial production at its Holliday Block in Utah. The firm said it was currently streamlining its corporate structure to fo
Read moreTravis Perkins Finance Director makes sale
8th Aug 2012 16:33
Paul Hampden Smith, the Finance Director at building merchant Travis Perkins, has sold 51,994 shares at 1,061.00p in the name of his wife, Sarah. The sale, which earned the director a tidy £551,656 and leaves him with a beneficial interest of 264,698 shares, came less than a fortnight after the fi
Read moreResources round-up: Valiant, Horizonte, Enegi Oil...
13th Jun 2012 14:32
Valiant Petroleum, an AIM-listed company which operates in the North Sea, has begun drilling on the Tryfan prospect, which has gross prospective resources estimated internally by Valiant of 24m barrels of oil equivalent (mmboe), of which eight million are net to Valiant. Drilling on the well, which
Read moreSunday share tips: TomCo Energy, Magnolia Petroleum, IAG
3rd Jun 2012 19:39
Magnolia Petroleum, whose shares trade on the Alternative Investment Market, is run by Rita Whittington, an expert who has spent more than 30 years in the industry. As a senior director of two private American oil firms, her most recent ventures were immensely profitable. Now Whittington is hoping t
Read moreResources round-up: Red Emperor, Wolf Minerals, Oilex...
5th Mar 2012 14:59
Oilex surged on Monday after reporting that operations at the Cambay-76H horizontal well, onshore Gujarat, India, to retrieve the stuck milling assembly and coiled tubing have been successfully concluded with the entire assembly now having been recovered at surface. The well is currently being prepa
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