Proactive Research analyst Ed Stacey takes a look at TomCo (LON:TOM) following the news of a joint venture to help unlock the potential for oil sands development using an innovative new production technology.
TomCo’s an oil & gas exploration and production company which operates in the Uinta basin in Utah.
Stacey says aside from producing a ready-for-market product, the separation system has other unique advantages compared with existing oil sands separation technologies including the fact that there’s limited environmental impact, with a modest water requirement, and no “dirty” sand to remediate at the end of the process.
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Read More: Analyst highlights attractive economics of a new oil sands separation technology