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TomCo Energy: Analyst highlights attractive economics of a new oil sands separation technology

Proactive Research analyst Ed Stacey takes a look at TomCo (LON:TOM) following the news of a joint venture to help unlock the potential for oil sands development using an innovative new production technology.

TomCo's an oil & gas exploration and production company which operates in the Uinta basin in Utah.

Stacey says aside from producing a ready-for-market product, the separation system has other unique advantages compared with existing oil sands separation technologies including the fact that there's limited environmental impact, with a modest water requirement, and no “dirty” sand to remediate at the end of the process.

Click here to read Ed Stacey's initiation report

Quick facts: TomCo Energy PLC

Price: 0.46 GBX

AIM:TOM
Market: AIM
Market Cap: £6.68 m
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TomCo Energy updates on status of POSP operations and initial oil production...

TomCo Energy PLC (LON:TOM) CEO John Potter updated investors on operations and initial production at Greenfield Energy’s POSP project in Utah. Potter, along with Valkor LLC's CEO and CTO Steven Byle and Coby Crawford confirmed that the Petroteq oil sands plant (POSP) at Asphalt Ridge is...

on 27/1/21

2 min read