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Opportunity Overview
Texas and Oklahoma Coal Company (TOCC) is a coal exploration and development company with offices in Dallas, Texas, and a corporate office in Hong Kong. This is an exciting opportunity to participate in a coal exploration and development business at the entry level in the attractive North American coal sector, utilising Australian expertise with an established local presence.
The Company was established in April 2011 as a coal exploration and development Company founded by a team of Australian coal and investment professionals to explore and develop North American coal resources. Three of the Company’s directors have knowledge and expertise in the exploration, production and marketing of coal in Australia. TOCC has consultants and proposed joint venture partners with experience and expertise in the US, in both energy exploration and development. We believe TOCC is strategically positioned to develop a profitable coal production and export business. TOCC’s mission is to be an export focused exploration and development company targeting North American coal. TOCC has identified and applied for a number of exploration permits, covering five prospects over a total of 60,000 acres, with the goal to identify a coal exploration target inventory of up to 400 million tonne [Mt] (non JORC Code) export quality coal.
Investment Highlights
Projects Overview TOCC is on track in developing a portfolio of exploration projects in Oklahoma, Colorado and British Columbia. Applications for federal leases in Oklahoma and Colorado covering 40,000 Acres of mineral rights are in the regulatory approvals process. Additionally, applications for 20,000 Acres of Coal Exploration Licences have been lodged in Peace River and Kootenay (British Columbia). Across all projects the target is metallurgical coal with high energy thermal also a potential product.
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