# TomCo Energy everything in place for full restart January

- Link: https://www.directorstalkinterviews.com/tomco-energy-everything-in-place-for-full-restart-january/412949149
- Published: 2020-12-18T07:06:43+00:00
- Author: Giles

**TomCo Energy plc** (LON:TOM), the US operating oil development group focused on
using innovative technology to unlock unconventional hydrocarbon resources, has 
provided an update in respect of Greenfield Energy LLC, the Company’s 50/50 joint
venture with Valkor LLC, and the upgrades being undertaken by Greenfield to Petroteq
Energy Inc’s existing oil sands plant at Asphalt Ridge, Utah pursuant to the work
order to seek to demonstrate the commerciality of the processes used in Petroteq’s
closed loop system for use in the recovery of oil from oil sands (the “Oil Sands
Technology”).

As announced on 2 December 2020 the work to upgrade the capacity and improve the
reliability of the POSP has been completed with all systems tested and operational
resources delivered to the site. The full restart process, which was due to be completed
this week, has suffered an interruption due to Covid-19 related restrictions placed
on the mining permitting authority. As a result, the Mine Safety and Health Administration(“
MSHA”) operating plan won’t be released before 21 December 2020, so Greenfield has
now decided to delay the full restart of the POSP until 4 January 2021 to enable
an efficient start up, avoiding the need for an almost immediate Christmas / New
Year holiday period shut down.

It remains the intention that the POSP will be initially operated on a single day
shift and, assuming no issues, it is planned that production will be ramped up later
in January 2021.  All other elements of the project remain as previously announced,
including that oil samples produced by the POSP will be sent to the Quadrise test
facility from the first days of production to enable them to undertake test work
in the UK.  Further sampling will also be undertaken to enable detailed testing 
of the oil and sands produced by the POSP. Additionally, and as previously announced,
the third-party engineering analysis of the Oil Sands Technology is expected to 
commence in January 2021, alongside the continuation of the FEED study. The FEED
is expected to be completed by the end of February 2021.

> **Commenting, John Potter, CEO of TomCo Energy, said**: “After achieving so much
> on the project this year, it is unfortunate that the impact of Covid-19 has caused
> disruption to our plans for the POSP at this late stage, but everything is in 
> place for the full restart at the beginning of January and we look forward to 
> reporting on our progress in the New Year.”

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