LONDON, UK: TomCo Energy plc, the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, has acquired from Valkor LLC its 50% interest in Greenfield Energy LLC, the 50/50 joint venture company established by TomCo and Valkor in mid 2020, for wholly deferred equity consideration. Details of the Acquisition…
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TomCo Energy forms joint venture with Valkor to develop oil sands plant
LONDON: TomCo Energy plc has established a joint venture company, Greenfield Energy LLC with Valkor LLC to pursue the development of an oil sands plant. Valkor has entered into an agreement with Petroteq, which will be transferred to Greenfield, for Valkor to take over the management and operations of Petroteq’s existing oil sands plant at…