Business
Update on Holliday Block
Update on Holliday Block.
About this update from Tomco Energy Plc
[{"type":"text","content":"\n \nRNS Number : 2124S TomCo Energy PLC 22 June 2018 \n\n \n \n22 June 2018\n \nTOMCO ENERGY PLC (AIM: TOM) (\"TOMCO\" OR THE \"COMPANY\") \n \nUpdate on Holliday Block and Field Test\n \nApproval of Notice of Intention to Conduct Exploration\n \nCompletion of plant survey\n \nLetter of Support from SITLA\n \nTomCo Energy plc, the oil shale exploration and development company focused on using innovative technology to unlock unconventional hydrocarbon resources, is pleased to provide an update on its Holliday Block and the forthcoming field test programme on the block of TurboShale Inc's RF technology (the \"Field Test\").\n \nFollowing the Company's recent successful trip to Utah to finalise the Field Test, the Company is pleased to announce that the Utah Division of Oil, Gas and Mining (\"DOGM\") has approved TomCo's Notice of Intention to Conduct Exploration on the Holliday Block (\"NOI\") required to undertake the Field Test. \n \nThe Company recently commissioned Manzanita Botanical Consulting to conduct a Graham's Beardtongue (Penstemon grahamii) (\"Penstemon\") survey on the approximately 1-acre Field Test area. The survey conducted under the U.S. Fish and Wildlife Service rare plant monitoring protocols (USFWS 2011), was required to ascertain if any of these protected plants were growing in the Field Test area. During the application process for the large mining operations (\"LMO\"), Penstemon habitats were identified within the Holliday Block so a plan to relocate any found within a work area was agreed as part of the LMO approval. No Penstemon plants were found in the area and so no further action is required ahead of the Field Test.\n \nThe Company has also received a letter of support from The Utah School and Institutional Trust Lands Administration (\"SITLA\"). SITLA is the lessor of the Company's mineral leases. The letter states \"SITLA is appreciative of TomCo's diligence in adhering to environmental stipulations, particularly the botanical requirements and the archaeological survey requirements. SITLA is supportive of the proposed technology being tested on these lands. Should the technology prove effective, SITLA stands to receive production royalties as per the terms and conditions of the mineral lease....