Tomco Energy (NCS)- the next Cadence?

2. The Company and its investment strategy

The Company was first admitted to AIM in 1995 as Manx & Overseas Plc. In July
2000 the Company was renamed Netcentric Systems Plc following the reverse
takeover of Netcentric Systems Limited, a private company involved in the
development of software products for content management on the World Wide Web.

The Company does not currently conduct any trading activities and its principal
activity is to operate as an AIM quoted investment company actively seeking and
evaluating potential acquisition targets to increase Shareholder value.

In March 2006 Howard Crosby was appointed to the Board following his acquisition
of 29.9 per cent. of the Company's issued share capital at that time from PSG
Solutions Plc (formerly London and Boston Investments PLC). Mr. Crosby's
appointment led to the Company's investment focus being concentrated on the
American resources sector, given his successful involvement in the oil and gas
and mining industries in the US.

Between April 2006 and August 2006 the Company undertook the Seed Placing in
order to raise working capital and to fund initial costs in respect of a
potential reverse acquitision. The Seed Placing raised US$532,000 (approximately
#294,000) at a price of 2 US cents per Ordinary Share.

If the Acquisition does not proceed, the Directors intend to continue to pursue
their existing resources strategy. Shareholders should be aware, however, that,
as the Company will not have completed an acquisition that constitutes a reverse
takeover of the Company under the AIM Rules, the Company's trading facility on
AIM will be cancelled pursuant to Rule 41 of the AIM Rules. The Directors
consider it important to complete the Acquisition in order to avoid this
cancellation.