Tomco Energy Plc · LSE:TOM
Tomco Energy — OilBarrel Conference 2012
16 slides from Tomco Energy's conference presentation, May 10, 2012
Slide 1: TomCo Energy plc – Oil Mining, USA
TomCo Energy plc Oil Mining, USA • 123m bbl Shale Oil surface mineable JORC Indicated Resource • 9,800 bopd production facility planned www.tomcoenergy.com AIM: TOM
Slide 2: Disclaimer
Disclaimer IMPORTANT INFORMATION This presentation & the information in it are being made available for the purpose of discussions with existing and potential shareholders, some of whom may have participated in past placings & to potential professional advisers. This presentation is not a prospectus
Slide 3: Oil Production From Shale
Oil Production From Shale Resource • 2,918 acre (1,000 acre on Holiday Block) leases in Uinta County, Utah • Oil Shale (Kerogen) source material for oil • 123m bbl of Oil in surface mineable JORC Indicated Resource Production www.Red Leafinc.com • Process Technology partner- • Surface mined shale pl
Slide 4: TomCo Board
TomCo Board Sir Nicholas Bonsor Bt DL, (Non-Executive Chairman) • Member of British Parliament from 1979 to 1997: chairman of Defence Select Committee 1992-1995 & Minister of State at the Foreign Office 1995-1997 • Currently Non-Executive Chairman of Cassidy Gold Corp, Egerton International Ltd & Me
Slide 5: Oil Shale Process Comparison
Oil Shale Process Comparison 5
Slide 6: Oil Shale Development Partnership
Oil Shale Development Partnership • TomCo & Red Leaf have significant defined oil shale resources in Utah • Red Leaf has developed EcoShale™ process specifically for the areas’ near surface shale to maximise energy efficiency & environmental security • Red Leaf pilot capsule successfully completed &
Slide 7: Red Leaf – Total JV - highlights
Red Leaf – Total JV - highlights • Total will pay 80% of the first $400m spent to commercially develop Red Leaf's existing surface mineable Utah assets for a 50% participating interest • The JV will spend $200m an Early Production System (EPS) to prove the commercial scalability of Red Leaf’s EcoSha
Slide 8: Green River Oil Shale Formation, USA
Green Green River River OilOil Shale Shale Formation Formation, USA Green River Formation estimated ~1.5 trillion bbl oil in place Richest layer is the Mahogany Zone TomCo Red Leaf • JORC Indicated • Seep Ridge (15 Resource of miles from 123m bbl within TomCo) Mahogany Zone on TomCo’s • EcoShale™ 1,
Slide 9: TomCo Licences
TomCo Licences TomCo - Holiday Block Red Leaf - Seep Ridge TomCo holds 2 State oil leases in Uinta County, Utah: • State leases are relatively rare & not subject to Federal restrictions • 100% interest; 2,918 acres • Initial term of 20 years, expiring 31-Dec-24 • Production Royalty of 5%, increasing
Slide 10: Surface Mining – Oil Production Process
Surface Mining – Oil Production Process 10
Slide 11: Seep Ridge Pilot Plant
Seep Ridge Pilot Plant Heating pipes Insulation blocks (‘Flex-crete’) Control Capsule room etc. Oil storage tanks Burners/b lowers Burners /blower s Process facilities 11
Slide 12: Commercial Capsule
Commercial Capsule • Capsule dimension 900’L x 500’W x 153’H (36 million ft3 oil shale) • Capsule heated to 725°F (385°C) by circulating air at 925°F (496°C) • 210-day heating cycle • First oil at Day-100 • Peak oil at Day-150 • Low grade shale to be used as insulation • Production per capsule 686,0
Slide 13: Holiday Block – Financial Summary
Holiday Block – Financial Summary TAXES & ROYALTIES • Federal tax 35% • State tax 5% Utah State tax refund (75% for 20 years) • Red Leaf royalty 6% • Production royalty (SITLA): 5% increasing after 5 years by 1% pa; 12.5% max; first 200,000 bbl pa royalty free NPV TABLE ($m) Oil Price ($/bbl) 60 70
Slide 14: Corporate Information
Corporate Information Market Capitalisation: £25.9m (08-May-12) Shares: Issued & Outstanding 1,619,938,107 Fully Diluted 1,685,362,885 Holding % Kenglo One 492,920,548 30.4% Dominic Redfern & Sarah Cooke 167,250,000 10.3% Mark Donegan 132,250,000 8.2% Altima Global Special Situations Fund 84,500,000
Slide 15: Expected Future Events
Expected Future Events • JORC Resource upgrade to Measured from Indicated (Q2 ‘12) • JORC upgrade to Probable Reserve from Measured Resource (Q4 ‘12) • DOGM approved Notice of Intention to Commence Large Mining Operations (Q1 ‘14) • DWQ approved Groundwater Discharge Permit (Q1 ‘14) • TomCo Holiday
Slide 16: Contacts
Contacts Paul Rankine Press Enquiries Interim CEO Graham Herring/Richard Gotla paul@tomcoenergy.uk.com NewgateThreadneedle +44 20 7653 9840 Miikka Haromo r.gotla@newgatethreadneedle.com Finance Director miikka@tomcoenergy.uk.com 16