Investment in Oil Wells

TomCo Energy PLC 25 May 2007 TomCo Energy Plc ('TomCo' or 'the Company') Acquisition of Interest in Two Oil Leases in South Eastern Texas TomCo today announces that it has acquired a 50 per cent. working interest in the Abel and Saratoga leases in South Eastern Texas. The two leases, which are approximately 15 miles apart, were acquired in a private sale for a total cash consideration of US$972,000. The Abel lease, located in Hardin County, Texas, consists of approximately 100 acres on a salt dome structure and is historically one of the most prolific oil plays in South Eastern Texas. There are currently three wells producing on the lease at an aggregate rate of approximately 15 barrels per day. The Company and its joint venture partner, Mark III Energy ('Mark III') of Lubbock, Texas, plan to drill another ten wells on the Abel lease over the next two years. The partners hold 50 per cent. working interest each, and an 82 per cent. net revenue interest after landowner royalties. Based upon historical results, the new wells are considered Proved Undeveloped locations with low risk, and initial production rates of 20 barrels per day per well are anticipated. The Saratoga lease, located in Liberty County, Texas, comprises approximately 80 acres and is also on a salt dome structure. TomCo and Mark III hold 50 per cent. working interest each, and have a 97 per cent. net revenue interest. There are currently six wells producing on the lease producing an aggregate 20 barrels of oil daily. TomCo and Mark III plan to drill another seven wells on Proved Undeveloped locations on the Saratoga lease over the next two years. Mark III will operate all of the wells on both leases through its operating subsidiary, BHB Operating Company. The Company is currently assessing the oil Reserves attributable to these leases, and will make an announcement in due course. Howard Crosby, CEO of TomCo commented: 'The acquisitions of these leases are further examples of our unfolding strategy and come through our contacts built up during our tenure at another US listed oil exploration and production company. We are looking at a large number of opportunities and we look forward to further announcements in the near term.' For more information contact: TomCo Energy Plc Tel: 07802 451 212 Stephen Komlosy Strand Partners Limited Tel: (020) 7409 3494 Simon Raggett Warren Pearce Thomas Lockyer Bankside Consultants Tel: (020) 7367 8888 Simon Rothschild Louise Mason The information in this release has been reviewed by Nicholas Wright, who is a qualified person for the purposes of the AIM Guidance Note for Mining, Oil and Gas Companies. Mr. Wright is a Director of Greensand Associated Limited and is a qualified petroleum geologist with over 30 years experience in oil and gas exploration and production. This information is provided by RNS The company news service from the London Stock Exchange