TomCo Energy (TOM) has updated that following regulatory approval the company it is following in the path of (Red Leaf Resources) now “is moving forward with construction of its demonstration project to prove that its oil shale technology is commercial on a large scale”
AIM listed oil shale stock TomCo (TOM) has submitted a Notice of Intention to Commence Large Mining Operations to the Utah Division of Oil, Gas and Mining (DOGM).
TomCo Energy (TOM) has seen its shares all over the shop of late, forcing the company to issue a statement saying there was nothing afoot. Could it just be that the shares are cheap? I think so.
Fox Davies has initiated its coverage of shale oil play TomCo Energy (TOM) at 1.1p in a detailed 68 page report. The broker argues that the shares are worth 6p or potentially 11p per share.
