Business
Permitting Update
Permitting Update.
About this update from Tomco Energy Plc
[{"type":"text","content":"\n \nRNS Number : 3678R TomCo Energy PLC 11 September 2014 \n \n\n \n11 September 2014\nTomCo Energy plc\n(\"TomCo\" or the \"Company\")\n \nPermitting Update\n \n \nTomCo Energy plc (AIM: TOM), the oil shale exploration and development company focused on using innovative technology to unlock unconventional hydrocarbon resources, is pleased to announce an update in relation to the permitting of its Holliday Block, Utah in the United States.\n \nHIGHLIGHTS:\n· Final details required by the Utah Division of Oil, Gas and Mining (\"DOGM\") concerning TomCo's Notice of Intention to Commence Large Mining Operations (\"LMO\") were submitted by the Company on 10 September 2014; \n· Ground Water Discharge Permit (\"GWDP\") application is progressing with final submission expected during Q4 2014; and\n· Mining at Red Leaf Resources Inc. (\"Red Leaf\") commercial demonstration project is progressing.\n \nIn January 2014, the Company submitted its LMO application to DOGM. Following ongoing discussions between the Company's primary consultants, Lowham Walsh LLC (\"Lowham Walsh\"), the final details required by DOGM were submitted yesterday. DOGM are now in a position to consider making a decision to tentatively approve TomCo's LMO and request a 30-day public comment period. The Company anticipates being able to provide a further update on the LMO in the near future.\n \nIn February 2014, the Company submitted its GWDP application to the Utah Division of Water Quality (\"DWQ\"). DWQ has indicated that it requires additional information on 14 points, of which two will require some additional work by the Company and Lowham Walsh. TomCo expects to be in a position to submit these details to DWQ during the fourth quarter and a further update will be provided in due course.\n \nTomCo's technology supplier, Red Leaf, is progressing with the commercial demonstration project, using its EcoShale™ In-Capsule Process, at its Seep Ridge Project, 15 miles west of TomCo's Holliday Block. The initial mining is nearing completion, with construction of the capsule to follow. TomCo intends to closely follow the precedent set by Red Leaf which is expected to demonstrate the commerciality of the EcoShale™ In-Capsule Process.\n \nCEO Paul Rankin...