Tomco Energy Plc · LSE:TOM
Tomco Energy — Shareholder Meeting (June 2026)
9 slides from Tomco Energy's shareholder meeting presentation, Jun 29, 2026
Slide 1: AGM Update
TOMCO ENERGY PLC AGM Update The Greenfield / Valkor partnership, Tract D, and the road to cash flow Presented by Steven Byle Non-Executive Director, TomCo Energy PLC Founder & CEO, Valkor LLC AIM: TOM 29 June 2026
Slide 2: A renewed 50:50 partnership with Valkor via Greenfield
THE SITUATION · 1 A renewed 50:50 partnership with Valkor via Greenfield In February 2026 TomCo, Valkor and Greenfield executed three definitive agreements that realign ownership, cut debt and re-open development of the Uinta Basin oil-sands acreage. 1 Operating Agreement 2 Amended Loan Agreement 3
Slide 3: Years of de-risking work already completed on Tract D
THE SITUATION · 2 Years of de-risking work already completed on Tract D TomCo holds a lease through Greenfield’s subsidiary AC Oil, LLC on a promising piece of property, referred to as Tract C. The lease, its resource base and its permits have been advanced by three aligned operators since 2020 — wo
Slide 4: Tract D: the asset at the centre of the plan
THE SITUATION · 3 Tract D: the asset at the centre of the plan OWNERSHIP CHAIN LOCATION Northwest Asphalt Ridge, Uinta Basin, Uintah County, Utah, USA TomCo Energy PLC AIM-listed parent · 50% Greenfield THE LEASE ▼ Oil & Mineral Lease dated 15 Nov 2021 — 10-year term. Lessor: Tar Sands Holdings II (
Slide 5: An independently-verified resource of real scale
THE SITUATION · 4 An independently-verified resource of real scale Netherland, Sewell & Associates (NSAI) reserve and resource reports for Valkor’s Asphalt Ridge / Field 1 acreage (gross 100% interest). 129 MMbbl 65.8 MMbbl 22.8–44.3 MMbbl $473–776m Best-estimate original oil-in-place 2C contingent
Slide 6: First goal: become cash-flow positive
THE WAY FORWARD · 1 First goal: become cash-flow positive Valkor is proceeding with its own drilling programme and TomCo may take a pro-rata working interest in each well to allow participation and lowered risk — a low overhead route to near-term revenue without TomCo carrying the whole capital burd
Slide 7: A three-phase path to cash flow — then to scale
THE WAY FORWARD · 3 A three-phase path to cash flow — then to scale Each phase steps up capital and production, building on the technology proven in the one before — and all share the same per-barrel economics (next slide). PHASE 1 · Now → ~Year 2 PHASE 2 · ~Year 2 → 4 PHASE 3 · ~Year 3 – 5+ 1 2 3 P
Slide 8: The economics that make each phase work
THE WAY FORWARD · 4 The economics that make each phase work Common assumptions (all phases): $65/bbl sales price · 12% royalty · $5/bbl transport · $25/bbl operating cost → $27.20/bbl netback. Type curves are Canadian analogs (Cold Lake CSS, Athabasca SAGD); per the source, shallow Uinta Basin depos
Slide 9: A cleaner balance sheet and a clear path to cash
IN SUMMARY A cleaner balance sheet and a clear path to cash 1 Realigned Greenfield back to 50:50 with Valkor; ~$400k of debt converted to equity at a premium and a £550k raise completed. 2 De-risked A permitted, independently-assessed oil-sands asset with years of pilot, drilling and permitting work