RNS Number : 7960V TomCo Energy PLC

18 January 2012

18 January 2012 TomCo Energy Plc ("TomCo" or "the Company") Exercise of Warrants

The Company announces that, following the exercise of warrants, application has been made for the admission of 17,000,000 ordinary shares of 0.5p each in the Company ("New Ordinary Shares") to be admitted to trading on AIM. The New Ordinary Shares will rank pari passu with the existing ordinary shares and it is expected that admission will occur at 8.00 a.m. on the 24th January 2012. The proceeds from the warrant exercise are £255,000, which have been received by the Company.

Following admission of the New Ordinary Shares, the total number of voting rights in the

Company's ordinary shares will be 1,445,816,502.

Contact:

Stephen Komlosy, CEO TomCo 020 7766

0078

Nomad and Broker Alastair Stratton / Oliver Cardigan (Nomad)

James Black (Broker)

Financial PR

Numis Securities 0207 260

1000

Laurence Read/Richard

Gotla

Threadneedle

Communications

020 7653

9855

Notes to Editors:

TomCo Energy Plc owns oil shale leases covering approximately 3,000 acres in the Green River
Shale Formation, Uinta County, Utah. The leases have been independently estimated by SRK Consultants Ltd to hold up to 230 million barrels of potentially recoverable oil in 4 separate tracts.
Around 123 million barrels of this resource lie on the main tract of Holliday Block lease, and have
now been classified as an Indicated Resource under the JORC Code.
TomCo has entered into a License with Red Leaf Resources Inc (Red Leaf), which owns the EcoShaleTM In-Capsule Process (EcoShale), to use this unique and environmentally sensitive technology to extract oil from TomCo's leases. Red Leaf is planning a 9,500 bopd commercial operation at their Seep Ridge site, which lies about 15 miles SW of TomCo's Holliday Block lease.
TomCo's strategy is to develop the Holliday Block lease as a similar follow-on project to Seep Ridge using the EcoShaleTM In-Capsule Process, with the same targeted production of 9,500 bopd.

Glossary:

bopd: barrels of oil per day

JORC Code: The mineral resource classification code devised by the Australasian Joint Ore

Reserves Committee.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCBLGDBLBBBGDI

distribué par

Ce noodl a été diffusé par TomCo Energy plc et initialement mise en ligne sur le site http://www.tomcoenergy.com. La version originale est disponible ici.

Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-19 19:25:46 PM et restera accessible depuis ce lien permanent.

Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité.

Documents associés
18.01.2012. Exercise of Warrants