Tomco Energy (NCS)- the next Cadence?

On Completion, one of the Vendors, John Ryan, will be appointed as commercial
director of the Company. John Ryan and Howard Crosby, an existing Director, have
co-invested and been co-directors of a number of resource companies, primarily
in the United States. Companies in which Mr. Ryan and Mr. Crosby have been
investors and directors include: Cadence Resources, which rose in value from
under US$1 million in 2001, when the company adopted its oil and gas investment
strategy, to over US$450 million in June 2006, when Mr. Crosby stepped down as a
director (Mr. Ryan having stepped down in October 2005); and Platinum
Diversified Mining Inc., which raised US$77.9 million net of expenses and was
admitted to trading on AIM on 14 March 2006.

The Company's strategy following Completion will be twofold. Firstly, to hold
the TomCo Leases as a long-term asset to be exploited when the commercial
conditions are suitable. Secondly, to acquire and develop conventional energy
resource assets in the US, led by Howard Crosby and John Ryan. The Company will
concentrate principally on acquiring participations in shallow producing oil
wells and intends to establish a portfolio of principally oil producing
properties which will provide cash flow for the Enlarged Group.