TomCo Energy agrees new Valkor deal and raises some working capital, shares drop

TomCo Energy agrees new Valkor deal and raises some working capital, shares drop Proactive uses images sourced from Shutterstock TomCo Energy PLC (AIM:TOM, OTC:TMCGF) shares dropped 35% on Monday, falling to 0.035p, impacted by expected new equity dilution, after it announced a renewed partnership with Valkor that leaves the pair jointly controlling Greenfield Energy on a 50:50 basis, as the AIM-listed group looks to progress oil-sands opportunities in Utah’s Uinta Basin. The reset comes with balance-she ...