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TomCo Energy POSP is operational again

TomCo Energy plc (LON:TOM), the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, has provided a further update in respect of the work being undertaken by Greenfield Energy LLC, the Company’s 50/50 joint venture with Valkor LLC, with respect to Petroteq Energy Inc’s existing oil sands plant at Asphalt Ridge, Utah.

As announced on 1 April 2021, Greenfield identified certain additional enhancements that were required to be made to the POSP to allow for a more efficient and optimised operation.  Greenfield is pleased to report that this additional equipment has now been successfully installed and tested, and the POSP is again operational.

Further updates will be issued as operations progress.

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