logo-loader
viewTomCo Energy plc

TomCo Energy - Oil sands opportunity is alluring

TomCo (LON:TOM) is an oil & gas exploration and production company which operates in the Uinta Basin in Utah. In June 2020 the company announced the formation of a joint venture (JV) called Greenfield Energy LLC to unlock the potential for oil sands development within the area using an innovative new production technology. This project took a further step forward in September 2020 with the release of a pre-FEED (front end engineering design) study detailing the economics of a production plant based on the new system. In this report, we examine the implications of the pre-FEED report.

The Uinta Basin and adjacent formations hold some of North America’s largest deposits of oils sands with potential to yield some 10 billion barrels of oil. The Greenfield JV was formed to examine a scalable modular production plant that could be used to extract oil from the sands with cost efficiency and low environmental impact. 

 

Quick facts: TomCo Energy plc

Price: 0.625 GBX

AIM:TOM
Market: AIM
Market Cap: £4.21 m
Follow

What's in the report?

Financial results and forecasts
Growth drivers
Management
Market conditions
Milestones & inflection points

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of TomCo Energy plc named herein, including the promotion by the Company of TomCo Energy plc in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

LEGAL NOTICE – IMPORTANT – PLEASE READ:

Proactive Research is a trading name of Proactive Investors Limited which is regulated and authorised by the Financial Conduct Authority (FCA) under firm registration...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

TomCo Energy: Oil sands opportunity is 'alluring'

Proactive analyst Ed Stacey talks to Katie Pilbeam about TomCo (LON:TOM) an oil & gas exploration and production company which operates in the Uinta Basin in Utah. In June 2020 the company announced the formation of a joint venture (JV) called Greenfield Energy LLC to unlock the potential...

1 week, 6 days ago

13 min read