TomCo Energy plc (TOM.L) is an oil exploration and development company focused on using innovative technology to unlock unconventional hydrocarbon resources

In 2019 TomCo announced a project in conjunction with the global EPCI company, Valkor LLC, to develop a scalable modular production plant that could be used to extract oil from the sands cost effectively.  Tomco announced a formal JV with Valkor in 2020, creating Greenfield Energy LLC, to take this project to the next stage and establish an initial production facility.

The technology is environmentally friendly, scalable and requiring limited capex

Compared with existing oil sands separation technology the process which is under development would have limited environmental impact, with a modest water requirement and no dirty sand to remediate at the end of the process.  The production equipment is being designed to be modular and require limited capex.

TomCo has the potential to produce fuel oil for sale, not crude for further refining

The process, which is under development would produce a low suphur fuel oil product that could be sold directly into the market as bunker fuel for shipping, rather than being sold as crude to refineries.

The Company believes that this relatively low-cost and environmentally benign disruptive technology has the potential to deliver significant shareholder value from TomCo’s oil shale assets.