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Trading Update
Trading Update.
About this update from Tomco Energy Plc
[{"type":"text","content":"\n \nRNS Number : 6826N TomCo Energy PLC 11 September 2013 \n\n \n11 September 2013\nTomCo Energy plc\n(\"TomCo\" or \"the Company\")\n \nTrading Update\n \nTomCo Energy plc (AIM: TOM), the oil shale exploration and development company focused on using innovative technology to unlock unconventional hydrocarbon resources in the United States, today announces that as part of work required by the Utah Division of Water Quality to issue it a ground water discharge permit, it has commenced drilling activities on its Holliday Block to appraise the water quality, quality of any aquifers and the permeability of rock below surface of the Holliday lease area. Utah State law requires that any facility that discharges or may potentially discharge pollutants to ground water must have an approved Groundwater Discharge Permit from the Utah Division of Water Quality. Drilling activities are expected to take approximately a month to complete, with the results of water quality and permeability testing expected by year end. \n \nTomCo is also pleased to report that it has been granted a Small Mine Permit by the Utah Division of Oil, Gas and Mining to carry out trial mining next year. In addition, work on its Large Mine Permit application is progressing well, with its submission to the Utah Division of Oil, Gas and Mining expected before year end.\n \nThis is another important step to securing all necessary permits required for commercial production.\n \nFurther updates on progress and developments will be announced in due course.\n \nCEO Paul Rankine commented: \"Since our equity placing in March, we have been actively advancing towards our goal of obtaining all the relevant permitting required by Utah State law. The Company is working closely with the Utah Division of Water Quality and the Utah Division of Oil, Gas and Mining to ensure our Groundwater Discharge Permit and Large Mine Permit applications meet the required standards and are issued without delay. Once these two key permits have been granted, TomCo will be well placed to continue development efforts and will have the same approved legal documentation as Red Leaf Resources does now.\"\n \nEnquiries:\n \nFor further information, please visit www.tomcoenergy.uk.com or contact:\n \n\n\n\n\nTomCo Energy plc\n\n\n\n\n\n\n\nPaul Rankine...