TomCo: Oil sands within reach
TomCo (LON:TOM) is an oil & gas exploration and production company that operates in the Uinta Basin in Utah. The region holds some of North America’s largest deposits of oils sands with the potential to yield some 10bn barrels of oil. TomCo is working on two projects to commercialise some of thTomCo Energy's principal activity is the development of its oil shale leases for future production. Co. holds interests in the following subsidiaries: The Oil Mining Company Inc, which is engaged in the holding of oil shale leases business; Tomco Palm Oil Limited, which explores the viability of establishing a palm oil production company; TomCo I LLC, which is the holding company of TomCo II LLC; and TomCo II LLC, which is engaged in the exploration and extraction of oil and gas through joint investments in oil leases.
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