- Oil shale exploration and development company TomCo Energy booked a first-half loss as it prepared to conduct a field test at prospect in Utah.

Pre-tax losses for the six months through March amounted to £524k, compared to losses of £209k.

TomCo said mobilisation for a field test at the Holliday A block in Utah was expected to begin at the end of July, with the test scheduled to commence in early August and to run for up to four weeks.

At 9:31am: [LON:TOM] TomCo Energy PLC share price was +0.1p at 2.9p

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