News blog
TomCo Energy
- BY: Andrew Hore |
- POSTED: 21/07/2011 |
TomCo Energy has finally returned to Aim more than six weeks after it initially planned to join the junior market.
The shares started trading at 1p and ended the day at 0.97p. That values the company at £12.7m. A placing and open offer raised £3.54m gross at 1p a share.
The Utah-focused shale oil explorer was planning to rejoin Aim on 31 May but the move was delayed until the placing and open offer were completed. The cash will be used to fund development at Holliday Block, Uintah County, Utah, where there are thought to be indicated resources of 123m barrels of ‘Kerogen oil’. .
Download the June 2011 edition of AIM Journal at http://www.hubinvest.com/AIMPDFJuly2011_22.pdf
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|